Investors await Nvidia earnings this week, bitcoin erases 2025 gains

Market Overview - US stock futures are starting the week in the red, following a volatile week for stocks, particularly in the tech sector [1][7] - Bitcoin has erased all of its gains for the year, with a total market value decline of approximately $600 billion from its October high [2][18] - Nvidia is set to report its third-quarter earnings, with analysts expecting sales of $54.8 billion, a 56% year-over-year increase [3][30] Nvidia Earnings Expectations - Nvidia's quarterly revenue has grown nearly 600% over the past four years, with expectations for earnings per share of $1.25, up from 81 cents [4][30] - The company has $500 billion in orders for 2025 and 2026 combined, indicating strong future demand [3] - Investor sentiment is mixed, with some analysts viewing the upcoming earnings report as a potential risk due to high valuations [14][30] Economic Indicators - The September jobs report is anticipated, with economists estimating an addition of 50,000 jobs [5][16] - Federal Reserve minutes will provide insights into the central bank's strategy ahead of the December FOMC meeting [5][17] - The market is experiencing a tug-of-war as incoming data may either support or challenge the strength of the economy [12][17] Consumer Sentiment and Spending - There is a notable disconnect in consumer sentiment regarding AI, with concerns about job losses despite strong corporate earnings [42][44] - The upcoming tax refunds are expected to boost consumer spending, particularly among lower-income households [44][48] - Companies like Walmart and Amazon are adapting to new technologies, indicating a shift in the market landscape [52] Bitcoin Market Dynamics - Bitcoin is experiencing a short-term correction, with institutional investors increasingly holding ETFs [19][21] - The potential for a further decline in Bitcoin prices is being discussed, with some analysts suggesting a better entry point around the $80,000 mark [20][21] - The Federal Reserve's interest rate decisions are seen as a potential catalyst for Bitcoin's recovery [21][27] Company-Specific Developments - Novo Nordisk is reducing the prices of its weight loss and diabetes drugs, which may impact competitors like Eli Lilly [36] - Warren Buffett's Berkshire Hathaway has taken a $4.3 billion position in Alphabet, marking a significant investment in a high-growth tech company [37] - Aramark reported revenue and adjusted EPS for the fourth quarter that missed consensus estimates, although its 2026 revenue forecast remains optimistic [38]