Here’s a look at today’s key earnings reports from major publicly traded companies. Stock market investors will undoubtedly be watching closely for financial updates, forward guidance, and surprises that could move the market. To dive deeper into any of the companies listed below, click on their ticker symbols, as TipRanks‘ unique datasets will help you research the stocks and decide whether they are a Buy, Sell, or Hold.

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A.M. Earnings – BA -6.32% ▼ , VZ -3.11% ▼ , CVS -4.85% ▼ , CAT -0.40% ▼ , ETSY -5.03% ▼ , KHC +0.82% ▲

P.M. Earnings – MSFT -2.92% ▼ , GOOGL +2.52% ▲ , META -11.33% ▼ , SBUX -1.21% ▼ , NOW +2.52% ▲ , CMG -18.18% ▼ , EBAY -15.88% ▼ , CVNA -13.81% ▼

For the full list, visit TipRanks’ earnings calendar.

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U.S. stock futures rallied early Friday as investors reacted to strong quarterly results from Apple AAPL +0.63% ▲ and Amazon AMZN -3.23% ▼ . Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 1.14%, 0.63%, and 0.04%, respectively, at 4:44 a.m. EDT on October 31.

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During Thursday’s regular trading session, all three major indexes closed lower amid concerns over the Big Tech’s increasing capital spending on artificial intelligence (AI). The Nasdaq Composite fell 1.57%, the S&P 500 lost 0.99%, and the Dow slipped 0.23%.

U.S. stock indexes remain on track to finish both the week and the month in positive territory. This week, the S&P 500 is up 0.45%, the Nasdaq has risen about 1.6%, and the Dow has gained around 0.7%. For October, the S&P 500 has risen 2%, the Nasdaq has gained about 4.1%, and the Dow has climbed 2.4%. The Dow is on track for its sixth straight monthly gain, its longest streak since 2018.

After the markets closed, Apple and Amazon reported blockbuster earnings, boosting investor confidence in the technology sector. Amazon shares jumped over 13% after posting a 20% increase in its cloud revenue, beating expectations. Apple shares rose about 3% on strong quarterly earnings and a positive outlook for iPhone sales in the December quarter.

Additionally, Netflix NFLX -1.04% ▼ stock spiked 3.5% after announcing a 10-for-one stock split aimed at making its shares more accessible to retail investors.  

On the earnings front, Exxon Mobil XOM -1.51% ▼ , AbbVie ABBV +1.36% ▲ , Chevron CVX -1.02% ▼ , and Colgate-Palmolive CL +1.03% ▲ are set to release their results today.

Notably, the U.S. 10-year Treasury yield was up, floating near 4.11%. WTI crude oil futures were trending lower, hovering near $60.41 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,026 per ounce on Friday.

Elsewhere, in Europe, stocks opened mixed on October 31, as investors digested corporate earnings and the Bank of England’s (BOE) decision to keep interest rates unchanged.

Asia-Pacific Markets Traded Lower Today

Asia-Pacific markets traded mostly lower on Friday as investors remained cautious about aggressive AI spending and weak manufacturing data from China, which showed contraction for a seventh straight month in October.

Hong Kong’s Hang Seng index dropped 1.43%. In China, the Shanghai Composite fell 0.81%, and the Shenzhen Component lost 0.28%. Meanwhile, Japan’s Nikkei advanced 2.12%, and the Topix gained 0.94%.

Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.

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Nvidia NVDA -2.00% ▼ is reportedly planning to invest as much as $1 billion in the artificial intelligence (AI) startup Poolside to strengthen its foothold in the rapidly growing AI ecosystem. The investment also underscores Nvidia’s strategy of backing innovative companies that develop next-generation AI tools, complementing its own chip offerings.

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For context, Poolside is a French AI company that develops powerful AI models to automate and enhance coding processes, helping users write and optimize software more efficiently.

Nvidia Bets Big on Poolside

According to Bloomberg News, Nvidia’s planned investment of up to $1 billion in Poolside could quadruple the startup’s valuation, making it one of the largest recent bets in the AI space.

Poolside is reportedly in talks to raise $2 billion at a pre-money valuation of $12 billion. Nvidia’s contribution is expected to begin at around $500 million and could rise to $1 billion if the startup reaches its fundraising goals. The reports further stated that Poolside has already secured over $1 billion in commitments, including about $700 million from existing investors.

Nvidia earlier backed Poolside in its $500 million Series B round in October 2024. Both Poolside and Nvidia declined to comment on the recent reports.

Why Nvidia’s Poolside Move Matters

Nvidia, which is already a major investor in AI startups, continues to diversify its portfolio across multiple sectors. The company’s Poolside investment highlights how the world’s most valuable company is helping build a growing network of AI startups that could also become key customers. One source said Poolside plans to use part of the new funding to buy Nvidia’s GB300 chips.

For Poolside, the deal supports its ambitious plans to expand AI infrastructure. Earlier this month, the startup announced a partnership with CoreWeave CRWV -6.34% ▼ to build one of the largest data centers in the U.S.

What Is the Target for Nvidia Stock?

On Wednesday, Nvidia briefly crossed the $5 trillion market valuation mark, driven by new partnership announcements at its annual GTC Conference in Washington, D.C. However, on Thursday, NVDA shares fell more than 2% after the Trump–Xi summit failed to deliver any updates on chip sales, dampening investor sentiment. Year-to-date, Nvidia stock remains up over 50%.

Looking ahead, NVDA stock has a Strong Buy consensus rating on TipRanks based on 36 Buys, one Hold, and one Sell assigned in the last three months. At $232.94, the Nvidia average share price target implies a 14.81% upside potential.

See more NVDA analyst ratings

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