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Nvidia earnings, new home sales, GOP debate: What to watch

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Yahoo Finance Live breaks down what investors should be watching on Wednesday. All eyes will be on Nvidia (NVDA) when the GPU company reports its second quarter earnings after the market close. The stock is up more than 210% since the start of the year thanks to the surge in interest in AI. Cloud company Snowflake (SNOW) will also report its second quarter results after the bell. Investors will also get a read on housing when July new home sales data is released at 10am ET. It comes after existing home sales data showed sales fell last month as tight inventory and high mortgage rates weigh on the market. Voters will hear from Republicans in the first debate of the 2024 presidential campaign cycle. One notable absence will be former President Donald Trump, who has chosen not to participate.

Behind every successful man, there's a woman and these ladies prove this to be true everydayThe 10-year Treasury yield continues to surge ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole Economic Symposium this week. Semiconductor producer Nvidia is set to report earnings after the closing bell on Wednesday, August 23. Tropical storm Hilary makes landfall over California as flood warnings coincide with an earthquake that shook up the West Coast state.

That is an area of concern for Independent Solutions Wealth Management Portfolio Manager Paul Meeks, who tells Yahoo Finance he is "worried a little bit about the valuation and the very high expectations." Meeks notes that in regards to Nvidia, "you have to own it" for investors looking for make long term plays within the big tech space. -- In a scathing letter sent by United Steelworkers to its members at US Steel Corp.

 

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