The earnings calendar heats up from today. Constellation Energy kicks things off on Sunday, May 11, with its Q1 release. The $110B nuclear power giant has rallied hard on AI data centre demand.
Also reporting today, STERIS and Ovintiv post results. Mosaic reports pre-market. The fertiliser maker faces pressure from lower potash prices.
Tuesday brings China tech into focus. JD.com holds its earnings call. The e-commerce giant has benefited from trade tensions prompting Chinese consumers to spend domestically. Aramark and D-Wave Quantum also report.
Wednesday is the week's centrepiece. Alibaba posts results — the $320B retail titan has surged over 50% in the past year. reports after the bell. The networking leader is expanding aggressively into AI infrastructure. also reports on Wednesday. The AI cloud company has seen its market cap balloon to $39B.
Thursday brings semiconductor giant Applied Materials into the spotlight. The $346B chip equipment maker is a key read on AI capex cycles. Viking Holdings and fintech newcomer Klarna also report.
No major IPOs are scheduled in the US this week. The focus remains squarely on earnings.
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