Investing.com — Investors are bracing for a busy week on Wall Street, with earnings from five closely watched companies, new U.S. inflation data and shifting interest rate expectations likely to shape market sentiment.
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The NASDAQ Composite index entered correction territory, falling nearly 12% from its Oct. 6 record, while the S&P 500 and Nasdaq lost 2.7% and 3.4%, respectively, last week as technology stocks came under pressure and concerns about data center spending weighed on risk appetite.
The earnings schedule also comes at a critical time for the technology sector, with investors also bracing for October’s U.S. inflation data on Tuesday. Economists expect core consumer prices to rise 0.2% month over month, which could push the annual rate from 2.6% to 2.7%. Producer price data due Friday will provide another test for markets as traders evaluate the Federal Reserve’s next policy move.
Against this backdrop, five companies stand out this week, with their earnings and forward guidance likely to influence sentiment on the broader AI investing theme.
1. Constellation Energy: fueling the AI infrastructure boom
Constellation Energy will launch the week’s earnings calendar with results expected before the market opens on Monday. The power producer has become a major beneficiary of growing demand for power from artificial intelligence data centers, making its prospects particularly important as investors assess the sustainability of infrastructure expansion.
Its shares closed at $249.95 on November 6, down 30.2% year to date. Analysts expect earnings of $3.72 per share on revenue of $9.21 billion. The company beat earnings estimates by about 5.8% in each of its previous two quarters.
Investors will focus on electricity demand, long-term supply agreements and management’s assessment of data center power needs. Any signs of political resistance to new infrastructure projects could also influence the outlook.
2. CoreWeave: A crucial test for demand for AI computing
CoreWeave reports after the market close on Tuesday, with its results likely to provide one of the clearest indications of demand for AI computing infrastructure.
The stock closed at $46.40 on November 6, down 43% over the past month and 59% over six months. Analysts expect earnings of 9 cents per share, even though consensus estimates have been cut 12.6% over the past 90 days.
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