Week ahead: US stocks face inflation test as AI uncertainty keeps investors on edge Proactive Mon, November 9, 2026 at 11:05 AM EST 3 min read DB +4.45% NVDA -5.75% NVD +11.60% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Wall Street investors will have inflation and artificial intelligence firmly in their sights this week, with Tuesday's consumer price index (CPI) report providing the next major test for interest rate expectations and technology stocks still dealing with the fallout from last week's selloff.
The week is also shortened by the Veterans Day holiday, with US markets closed Wednesday.
October CPI is expected to show headline inflation rising 0.28% month over month, while core inflation is forecast to increase 0.21%, according to Wells Fargo. The bank said softer core inflation would offer some relief after September's upside surprise but would not be enough to change its expectation of a Federal Reserve rate hike in December.
Year-over-year comparisons will not be available because of a data gap caused by last year's government shutdown.
Deutsche Bank also expects headline and core CPI to increase by 0.20%, pointing to a potential easing in price pressures compared with September. Investors will also be watching Friday's producer price index (PPI) for clues about the direction of the Fed's preferred inflation measure, the personal consumption expenditures index.
The inflation figures come after a stronger-than-expected October jobs report, which showed nonfarm payrolls increasing by 165,000, well above forecasts of 65,000. That has reinforced expectations that the Fed may need to keep monetary policy restrictive for longer.
Fed officials will have plenty of opportunities to weigh in, with appearances scheduled from Austan Goolsbee, Tom Barkin, Jeffrey Schmid, Lorie Logan and Mary Daly, among others.
Deutsche Bank expects the Fed to raise rates by 25 basis points in December and again in March, arguing that the economy and labor market remain solid while inflation is still above target.
Artificial intelligence will provide another source of volatility, particularly following last week's sharp declines in technology shares and uncertainty over the regulatory outlook after Democrats' strong midterm election results.
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) will remain in focus after shares came under pressure amid reports concerning CEO Jensen Huang and a board investigation into his relationship with a woman accused of being a Chinese spy.
XTB research director Kathleen Brooks said the situation raises questions about corporate governance and succession planning at Nvidia, particularly given Huang's central role in the company.
Brooks said the episode could also strengthen calls for greater scrutiny of the AI industry, although it does not necessarily threaten Nvidia's longer-term sales outlook.
Investors will also be watching developments around Anthropic, which is expected to begin its IPO roadshow and could file an updated registration statement outlining an initial price range and valuation target.
Adobe's three-day MAX event begins Tuesday, while Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) is scheduled to publish monthly revenue figures, offering another indication of demand across the AI supply chain.
On the corporate earnings calendar, investors will hear from KKR, Rocket Lab, Take-Two Interactive, Occidental Petroleum, CoreWeave, Cisco Systems, Applied Materials and Nebius.
Existing home sales are also due, with Wells Fargo forecasting a 5% decline in October.
With inflation data, a busy schedule of Fed commentary and several important technology-related developments on the calendar, investors are likely to remain selective as they assess whether last week's market volatility was a temporary correction or a sign of more persistent concerns about AI valuations and spending.
