Nvidia shareholder meeting, Micron, Fed test: Key Events

Wednesday is another busy day for markets as investors eye this trifecta of events: Micron Technology (MU) is set to report its fiscal third-quarter earnings after the market close; fellow chip giant Nvidia (NVDA) kicks off its annual shareholder meeting at 12 p.m. ET; lastly, the results of the Federal Reserve's bank "stress test" will be released at 4:30 p.m. ET.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Luke Carberry Mogan.

Video transcript

For about 90 minutes into the trading day.

Here are three things that you need to pay attention to three potential catalysts for today's trading day.

First up, we've got Mike earnings that are out after the bell.

We've also got NVIDIA shareholder meeting and the feds the bank stress test.

Those results are actually gonna be out after the bell here, Mattie.

So a couple of things to break down here, let's kick it off with Mike Ron.

We talk a lot about the chip space and exactly what these earnings results are going to tell us it's going to give us an inside glimpse at what exactly demand looks like.

And then of course, investors can suss out what ultimately that means in terms of the catalyst driving prices higher potentially here if they're solid results for the broader chip sector.

Yeah, this is a stock that's up over 60% this year.

So they're going to have to prove that they've got a strong differentiating and competitive factor for this name that's specific to them and not just specific to the broader A I rally and whether or not the cyclical return of demand for things like P CS and smartphones are going to be enough for them moving forward.

Similar news in the chip space that could be a big catalyst to watch for the rest of your trading day.

We've got the NVIDIA shareholder meeting coming up today and Jenson one is going to be expected to be speaking, could that be a catalyst for the stock?

That's been, as we mentioned, bopping around throughout the morning, it was up, then it was down, then it went back to the upside here, it looks like and video shares still moving here down over the past five days, but obviously still up over 100 and 60% year to date.

Could we get some news out of the shareholder meeting today that could potentially be meaningful for the stock?

And then Sean, as you mentioned, we've got the feds stress test for some of the big banks.

That's another big catalyst for the trading day here.

That could be a big catalyst.

We'll have to see what the results are here from the fed that is going to be released after the bell here today just around a year ago.

I believe three banks did fail those stress tests.

So ultimately, what exactly this means?

This is really an indicator just in terms of how much cash these banks have to hold to withstand a downturn here in the broader economy.

It's also gonna determine how much they can return to shareholders via dividends and also via share buy back.

So that of course, could ultimately be a driver here for this sector for many of these names within the banking sector here over the next several quarters.

So again, a couple of uh obviously you have the bigger names on your watch list as well as well as some of those smaller tier two names too that could move on the heels of these results.