3 Key Events in the Coming Week That Could Move AI Stocks and Crypto

Nvidia will report earnings on Tuesday after the close, with results for the final quarter Jensen Huang ran before resigning as CEO on November 12. His exit triggered a stock slide of more than 10% that day, leaving shares down 12.68% this year. Finance chief Colette Kress now serves as interim CEO.

Despite the leadership change, expectations remain high. Analysts project earnings per share of $2.49 on $108.99 billion in revenue, with the revenue estimate exceeding Nvidia's own August guidance of $108 billion. A result merely matching guidance could disappoint investors.

The Fed will release minutes from its October meeting on Wednesday at 2 p.m. ET, with markets now pricing in a 100% chance of a December rate hike. Policymakers held rates steady at that meeting, but hot October inflation data has made a December hike appear certain.

Fed Rate Hike Impact

With a December hike fully priced in, traders will watch for signals about further tightening. The minutes may reveal policymakers' appetite for more rate increases beyond December, which could pressure growth assets like AI stocks and crypto. Higher rates typically weigh on assets valued on future growth prospects.

The Fed's next decision comes on December 9, but the minutes could set expectations for the path ahead. An 11.5% chance of a half-point hike in December is already reflected in markets, according to CME FedWatch data.

Anthropic's Massive IPO

Anthropic will price its IPO on Wednesday, offering 825 million Class A shares at $70 to $78, potentially raising up to $64.4 billion. Trading under the ticker ANT is expected to begin Thursday on Nasdaq, subject to regulatory clearance.

The deal involves seven firms, including Nvidia, purchasing $26 billion of non-voting stock in a placement alongside the IPO. At the top of its range, Anthropic would be valued at up to $1.4 trillion, below its previous target of roughly $2 trillion.

Market Outlook

These three events within 48 hours could collectively shift market sentiment. A strong earnings report from Nvidia paired with a steady outlook from interim CEO Colette Kress could ease concerns about leadership changes. A successful Anthropic debut might signal renewed confidence in AI investments.

If both events exceed expectations, the AI selloff could begin to ease, potentially benefiting crypto markets that fell alongside AI stocks in early November. However, a hawkish tone in the Fed minutes could still cap any market rebound.