Quick Summary

• Nvidia is set to report quarterly results after market close, with attention focused on AI chip demand and data-center strength.
• July inflation accelerated to 3.7%, complicating Federal Reserve policy decisions.
• Intuit shares fell after fiscal 2027 revenue guidance came in below Wall Street expectations.
• Meta rose after settlement discussions advanced in state-led child safety litigation.
• Crude oil fell below $90 per barrel amid diplomatic optimism around Strait of Hormuz tensions.

All Eyes on Nvidia’s Quarterly Performance

Nvidia is drawing the market’s attention today as the semiconductor leader prepares to release quarterly results after the closing bell.

Wall Street is expecting another strong performance, with investors focused on data-center sales, demand for the company’s latest AI processors, and profitability metrics. Options markets imply roughly 5% post-earnings volatility, which could amount to billions of dollars in market capitalization movement.

The impact could extend well beyond Nvidia itself. Shares of chipmakers, server manufacturers, and cloud infrastructure providers have tended to move in line with Nvidia’s performance, making tonight’s report a potential catalyst for the broader sector. That makes the release especially important for investors tracking whether AI spending remains a driver across the semiconductor and infrastructure supply chain.

July Inflation Acceleration Complicates Fed Policy Path

US inflation came in above expectations, with the year-over-year measure rising to 3.7% in July.

The increase adds another complication for the Federal Reserve. Market participants had been expecting softer inflation data to support a pause in monetary tightening, but persistent price pressures make that scenario less certain.

Technology stocks, especially high-growth names, can face pressure from higher borrowing costs because elevated discount rates reduce the present value of projected future earnings. Market observers will now be watching upcoming Fed commentary closely for signs of how policymakers interpret the renewed inflationary momentum, especially as investors weigh whether sticky prices could keep policy restrictive for longer.

Intuit Shares Tumble on Underwhelming Long-Term Guidance

Intuit came under selling pressure after the tax and accounting software company issued fiscal 2027 revenue guidance below analyst expectations.

Management projected revenue of between $23.28 billion and $23.51 billion, short of consensus estimates. That forecast points to growth slowing to roughly 9% to 10%.

Investors also raised questions about weakening momentum at Mailchimp. In addition, Intuit announced TurboTax pricing reductions designed to attract more customers.

The reaction reflected ongoing investor frustration with enterprise software companies that deliver growth below market expectations, where forward guidance often matters as much as the latest quarter.

Meta Gains Ground as Litigation Path Clears

Meta advanced after settlement discussions moved forward in state attorney general lawsuits alleging harm to minors from its social platforms.

The progress reduced a regulatory overhang for the company. Meta has faced increasing scrutiny over the influence of Facebook and Instagram on adolescent users.

The stock has also been supported by investor confidence in Meta’s artificial intelligence initiatives and its strong advertising revenue streams, even as the company continues to spend heavily on computing infrastructure and AI development. For market participants, the legal developments matter because they can shape how much attention remains on regulatory risk alongside the company’s core ad and AI businesses.

Crude Prices Retreat on Middle East Diplomatic Optimism

Oil prices fell, with Brent crude slipping below $90 per barrel, as market participants reacted positively to Iran-Oman diplomatic engagement that could ease Strait of Hormuz-related risks.

Lower energy prices typically support equities by reducing input costs and easing inflation pressures. That dynamic is especially notable on a day when inflation data came in hotter than expected.

With Nvidia’s earnings scheduled for after-hours release, the results could help set the tone for technology shares as August draws to a close, while traders also keep an eye on whether macro headlines continue to pull in the same or opposite direction.