Nvidia, Lowe's, Target Set for Q3 Earnings

Traders and investors are focusing on upcoming earnings reports from Lowe’s, Target, and Nvidia, as these companies navigate inflation, changing consumer preferences, and the AI boom. Lowe’s reported mixed Q2 results, surpassing earnings expectations but falling short on sales due to high inflation and cautious consumer spending, prompting a downward revision of its outlook. Meanwhile, Nvidia is expected to announce robust revenue growth driven by AI demand, despite facing some issues with its new Blackwell chips. Analysts forecast Nvidia's revenue for Q3 to range around $32.5 billion, with expectations for a significant increase in Q4. CNBC’s Jim Cramer advised caution among investors as postelection uncertainties loom, particularly regarding potential tariff impacts on retailers like Target and Walmart. He emphasized waiting for market pullbacks before making new investments in these sectors.