Tom Busby

NVIDIA needs to deliver another blowout earnings report to justify the hundreds of billions of dollars being spent by tech giants on its artificial intelligence chips and other AI infrastructure.

CEO Jensen Wang has assured investors that demand remains high as customers like Alphabet and Meta Platforms have detailed aggressive spending plans over the last few weeks.

But investors are eager to hear about additional ways for NVIDIA to grow, including planned chip sales in China.

Bloomberg consensus calls for revenue of $65.91 billion on adjusted earnings per share of $1.53.

Tom Busby, Bloomberg Radio.

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aggressive spending plans over the last few weeks, but investors are eager to hear about additional ways for NVIDIA to grow, including planned chip sales in China.

Bloomberg Consensus calls for revenue of $65.91 billion on adjusted earnings per share of $1.53.

Tom Busby, Bloomberg Radio.

Palantir expected to show annualized revenue growth above 60% for the second quarter in a row, while the company's net retention rate has been a key driver of growth expectations.

but new customer gains for integrating its ontology into large language models has actually lagged behind Anthropic and some other competitors.

Bloomberg Consensus calls for revenue of $1.33 billion on adjusted earnings per share of 23 cents.

Tom Busby, Bloomberg Radio.

Investors will be watching to see the impact of a worldwide glut of crude, while higher refining margins will likely give ExxonMobil a boost in profit of upwards of $700 million, more than enough to offset the recent drop in oil prices.

Investors will also look for any update on Venezuela.

That's after CEO Darren Woods earlier this month called the country uninvestable after a White House meeting on opportunities to drill there.

Bloomberg Consensus calls for revenue of $81.34 billion on adjusted earnings per share of $1.69.

Tom Busby, Bloomberg Radio.

Apple is poised to deliver its biggest sales quarter ever, thanks in large part to expected blowout sales of its iPhone 17 lineup, especially for the higher-end models.

But investors are still concerned about rising costs for components, especially memory chips.