According to ChainCatcher citing Investor’s Business Daily, investors will focus on inflation data and a new round of corporate earnings next week amid market volatility following the U.S. midterm elections. So far, 88% of S&P 500 companies have reported results, with 84% exceeding consensus earnings-per-share estimates.
Cisco’s upcoming report will offer an indication of its progress toward its annual target of $7.5 billion in AI infrastructure orders. Investors will also watch CoreWeave’s data center buildout and order backlog. Emerging cloud providers such as CoreWeave have recently faced higher funding costs and pressure related to debt financing.