What will happen to US stocks next week? Understanding these 4 things is enough! 1. Nvidia's earnings report is the main focus After the market closes on November 17th, Nvidia will release its Q3 earnings report. Revenue is expected to be $108.85 billion, with EPS of approximately $2.47. Key areas to watch include Blackwell chip shipments, data center revenue, gross margin, and revenue guidance for the next quarter. 2. Are US consumers still buying? October retail sales will be released on November 17th. The market expects a 0.2% month-over-month increase, compared to 0.8% in the previous month. It's best for consumers to have money to spend, but not to overspend. 3. Fed meeting minutes The minutes of the October meeting will be released at 2 PM on November 18th. The interest rate remained at 3.75-4.00% at the last meeting, but two members were hawkish. If hawkish sentiment increases, US Treasury yields may rise, putting pressure on highly valued tech stocks. 4. Walmart + Alibaba: One Focuses on the US Wallet, the Other on China's AI Wallet! On November 19th, before the market opened, Walmart (WMT) and Alibaba (BABA) released their earnings reports. Walmart focused on US same-store sales, e-commerce revenue, and whether consumers were reducing spending on non-essential items. Alibaba focused on cloud computing revenue, the commercialization of its AI business, and whether its AI investments were actually generating revenue. On the eve of a storm!