"Markets are mixed again. The S&P 500 is down 0.32%. The SPDR S&P 500 ETF ( SPY) is down 0.35%. The Nasdaq is down 0.53%, as the Dow clings to a 0.02% gain. Not helping, shares of Nvidia ( NASDAQ: NVDA) are dropping on a Wall Street Journal report that its plan to invest $100 billion in OpenAI stalled, with some expressing doubts the deal will happen at all."
"In the days ahead, we'll see earnings from Amazon ( NASDAQ: AMZN), which is expected to post EPS of $1.97 a share for the fourth quarter. For the full fiscal year 2025, the company is expected to post EPS of $7.17, up about 30% year over year. For the full fiscal year 2026, analysts expect EPS between $7.87 and $7.91. Ahead of earnings, analysts at Wedbush reiterated an outperform rating with a price target of $340 a share."
"Advanced Micro Devices ( NASDAQ: AMD) will post fourth quarter earnings after the bell on Tuesday. Analysts expect the company to post EPS of 1.32 a share, which would be 21.1% year over year growth. Revenues are expected to come in around $9.67 billion, up 26.2% year over year. In its last earnings report, the company beat estimates with EPS of $1.20 on sales of $9.2 billion."
Major U.S. indices are mixed, with the S&P 500 and Nasdaq down while the Dow holds a fractional gain. Nvidia shares are falling amid reports that a planned $100 billion investment in OpenAI stalled and some doubt the deal will occur; Nvidia reportedly plans another investment in OpenAI. Upcoming corporate earnings include Amazon, where Q4 EPS is expected at $1.97 and fiscal 2025 EPS at $7.17, and AMD, where Q4 EPS is expected at $1.32 on roughly $9.67 billion revenue after prior-quarter beats. Alphabet is also set to report with elevated EPS growth expectations and a recent analyst upgrade.
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