A Wall St Engine post on X on 15 November set the bar for the week: Nvidia reports on Tuesday, 17 November, with revenue expected to grow 91% from a year earlier to $109 billion. That is $1.0 billion, or 0.9%, above the $108.0 billion midpoint of Nvidia’s own guide, by our arithmetic. Two days later, on Thursday, 19 November, Anthropic’s shares are expected to start trading on Nasdaq as ANT, with the price expected to be set on Wednesday evening. The filed range is $70 to $78 a share.
Nvidia says results come at about 1:20 p.m. Pacific time, about 21:20 UTC, and the call at 2 p.m. PT, 22:00 UTC. The same week brings Baidu on Monday, Home Depot and Disney on Tuesday, Target on Wednesday, and Alibaba and Walmart on Thursday, according to each company’s own announcement. Every time below is converted to UTC by us.
Business Pill · IPO Float Explained
An evergreen Business Engineer explainer on IPO float: the share of a company that trades after a listing. It teaches the general idea only and does not discuss Anthropic, Nvidia or the figures in this piece.
The key insight: As we read it, the week puts two prices on the AI stack within 48 hours: Nvidia’s revenue on Tuesday against a $109 billion expectation that sits $1.0 billion above the midpoint of its own guide, and Anthropic’s share price, expected on Wednesday against a filed range of $70 to $78, by our arithmetic.
Nvidia’s own outlook is in the CFO commentary it filed with second-quarter results on 26 August: “Revenue is expected to be $108.0 billion, plus or minus 2%”. The commentary adds: “We are not assuming any Data Center compute revenue from China in our outlook”. Gross margins are guided at 74.0%, plus or minus 50 basis points. The revenue range runs from $105.84 billion to $110.16 billion, by our arithmetic, so $109 billion sits inside it.
The $109 billion figure comes from the Wall St Engine post, which points readers to moomoo’s Earnings Calendar; the post does not name the analysts behind the estimate. Nvidia reported revenue of $57,006 million for the quarter ended 26 October 2025. Against that base, $109 billion is growth of 91.2%, which matches the post’s 91%, while the guide midpoint alone implies 89.5%, by our arithmetic. Against the $96.2 billion of the second quarter, the two figures are 13.3% and 12.2% higher.
Nvidia’s call notice says the quarter ended 25 October 2026 and that written CFO commentary will be posted to investor.nvidia.com immediately after the results. Questions on the call are limited to financial analysts and institutional investors. Our preview of the $108 billion guide sets out what it implies, our margin piece covers the 74.0% guide, and our index-fund piece puts the stock’s recent fall in dollars per $100,000 invested.
The AI week ahead, 16 to 20 November 2026: Nvidia’s results on Tuesday, Anthropic’s expected pricing on Wednesday and expected Nasdaq debut as ANT on Thursday, with Baidu, Home Depot, Disney, Target, Alibaba and Walmart. Dates and times from each company’s own release or investor page and Fidelity; conversion to UTC is ours. Anthropic’s dates are expected, subject to regulatory clearance.Nvidia quarterly revenue: reported quarters from its 10-Q and CFO commentary, its own third-quarter guide of $108.0 billion, plus or minus 2%, and the $109 billion expectation in the Wall St Engine post of 15 November 2026, as reported. Growth of 91.2% on the year-ago quarter is our arithmetic.
What Was Posted on X
Big week ahead:
Nvidia $NVDA reports Nov. 17, with revenue expected to grow 91% YoY to $109B.
Anthropic is also expected to debut on Nasdaq as $ANT on Nov. 19.
Home Depot, Disney, Target, Walmart and Alibaba also report.
See the full lineup on @moomoo’s Earnings Calendar.
Wall St Engine, a markets news account, posted this at 13:29 UTC on 15 November 2026; it had about 15,800 views when we read it. It says Nvidia reports on 17 November with revenue expected to grow 91% year on year to $109 billion, that Anthropic is expected to debut on Nasdaq as ANT on 19 November, and that Home Depot, Disney, Target, Walmart and Alibaba also report, with a moomoo earnings calendar attached. This piece uses the post as its starting list and checks each date against the companies’ own releases; the $109 billion is the post’s figure, not Nvidia’s.
Wednesday and Thursday: Anthropic Prices, Then Trades as ANT
Anthropic launched its roadshow on 10 November. Its release says: “The initial public offering price is expected to be between $70.00 and $78.00 per share”. The company has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol ANT.
The IPO website FAQ, filed with the SEC on 12 November, gives the dates, subject to regulatory clearance: “the final IPO share price is expected to be set on November 18th (EST), and shares are expected to begin publicly trading on November 19th (EST)”. Fidelity says its offer period is expected to close on Tuesday, 17 November, at 4:00 p.m. ET, which is 21:00 UTC and about 20 minutes before Nvidia’s results, by our arithmetic.
The amended S-1 offers 825,000,000 shares: 801,351,354 from Anthropic and 23,648,646 from existing stockholders. Across the $70 to $78 range that is $57.75 billion to $64.35 billion of stock, and $916.1 billion to $1,020.8 billion of company value on the 13,086,672,593 shares the filing says will be outstanding, by our arithmetic. Our guide to buying ANT covers the broker steps, the Anthropic IPO map tracks the deal, and our Polymarket piece reports prediction-market prices on the debut as labelled market data.
Also Reporting: Alibaba, Baidu and the Retailers
Alibaba reports its September-quarter results before the US market opens on Thursday, 19 November, with a call at 7:00 a.m. ET, 12:00 UTC. In its June-quarter results, Alibaba reported capital expenditures of RMB67,678 million (US$9,975 million), up 75% from a year earlier, “reflecting our continued investments in AI infrastructure to meet strong and growing customer demand”. It said Alibaba Cloud’s external revenuegrowth accelerated to 45%, and AI-related productrevenue reached RMB12,376 million, a twelfth consecutive quarter of triple-digit growth.
Alibaba now reports AI Cloud and Compute Services, which combines Cloud Intelligence Group with T-Head, and AI Labs and Applications, which brings together its AI model labs, Qwen Consumer Business Group and QwenWork.
Baidu, which calls itself “a leading AI company with strong Internet foundation”, reports third-quarter results before the US open on Monday, 16 November, with a call at 7:30 a.m. ET, 12:30 UTC.
The retailers and Disney report on these dates, with no AI angle claimed here. Home Depot: third-quarter call on Tuesday, 17 November, at 9 a.m. ET, 14:00 UTC. Disney: its investor page lists the fiscal fourth-quarter results webcast on 17 November. Target: third-quarter call on Wednesday, 18 November, at 8:00 a.m. ET, 13:00 UTC. Walmart: results at 6 a.m. CST, 12:00 UTC, and a call at 7 a.m. CST, 13:00 UTC, on Thursday, 19 November.
The Structural Read
As we read the Nvidia numbers, the expectation in the post asks for growth of 91.2% on the year-ago $57,006 million, against 89.5% at the guide midpoint, by our arithmetic. Both sit inside the plus-or-minus 2% range Nvidia set in August, which runs to $110.16 billion.
As we read the calendar, the two AI events sit close together: Fidelity says its Anthropic offer period is expected to close at 4:00 p.m. ET on Tuesday, which is 21:00 UTC, and Nvidia says results come at about 1:20 p.m. PT, about 21:20 UTC. Alibaba’s June-quarter capital expenditures of US$9,975 million, up 75%, set the baseline for its Thursday report.
NVIDIA CFO commentary on second-quarter fiscal 2027 results, 26 August 2026
“We are not assuming any Data Center compute revenue from China in our outlook”
Three Implications
FOR NVIDIA WATCHERS The company guide is $108.0 billion, plus or minus 2%, with gross margins of 74.0%, plus or minus 50 basis points. Our preview sets out what the guide implies.
FOR ANTHROPIC IPO WATCHERS The IPO FAQ says the price is expected to be set on 18 November and trading to begin on 19 November, subject to regulatory clearance. Our guide to buying ANT covers the broker steps.
The framework says “Models, compute, silicon, foundries — none of them can be priced as standalone technology assets anymore”.
As we read it, this week tests that at two layers in the same 48 hours: the silicon layer through Nvidia’s results against its own guide, and the model layer through Anthropic’s pricing against its filed range. The framework does not discuss either company’s results, the IPO or the calendar.
What Is Not Established
The $109 billion is not a figure Nvidia has given. The post does not say which analysts or data provider compiled it, and other compilations of the estimate may differ. Nvidia’s own guide is $108.0 billion, plus or minus 2%.
Anthropic’s dates are expected, not fixed: the FAQ makes them subject to regulatory clearance, and the S-1 says the price range is an estimate, in its words “It is currently estimated that the initial public offering price per share will be between $70.00 and $78.00”. Disney’s investor page, as we read it, gives no time for its results. We did not contact Nvidia, Anthropic, Alibaba, Baidu, Walmart, Home Depot, Target, Disney, Wall St Engine or moomoo.
This Week In The AI Supercycle
AI Lost Its Central Banker, the Lab Oligopoly, and the Future of Open Source
This week’s issue: the Nvidia leadership change, read as the AI build-out losing its central banker: who now finances the GPU landlords, backstops the data centres and sponsors open models, and why two labs are becoming the bank.
Tuesday’s test is Nvidia’s revenue against a $109 billion expectation that sits $1.0 billion above the midpoint of its own guide and would mean growth of 91.2% on the $57,006 million of a year earlier, by our arithmetic. On Thursday, Anthropic’s shares are expected to trade on Nasdaq as ANT, after a price expected on Wednesday against a filed range of $70 to $78, and Alibaba reports before the US open that morning. Our Nvidia hub tracks the results.
A note on sourcing. The $109 billion revenue expectation and the 91% growth figure are from a Wall St Engine post on X of 15 November 2026, which points to moomoo’s Earnings Calendar; it is not Nvidia’s figure. Nvidia’s guide is from its CFO commentary of 26 August 2026, its call times from its newsroom notice of 28 October, and the year-ago revenue from its Q3 FY26 release and 10-Q.
Anthropic’s range, share counts and dates are from its amended S-1, its roadshow release and its IPO FAQ filed with the SEC, plus Fidelity’s IPO page; the dates are expected, subject to regulatory clearance. Other dates and times are from each company’s own release or investor page. The gap to the guide, the growth rates, the offering and company values and every UTC conversion are our arithmetic. This is not investment advice. We did not contact any of the companies named, Wall St Engine or moomoo.
Gennaro Cuofano is a CRO and tech executive who has worked in AI since late 2015, starting with bringing NLP, natural-language generation, voice and chatbot products to the marketing industry. His background is in law and finance: he holds a Master's degree in Law and an International MBA with an emphasis on corporate finance (LUISS Business School and the University of San Diego, 2012), and worked as a financial analyst at a real-estate investment firm in San Diego and as an assistant controller. His work focuses on business model strategy, business engineering and, more broadly, structural analysis: how companies make money, read from their own filings. He created FourWeekMBA and leads research there and at The Business Engineer, his newsletter on AI and business strategy, with over 95,000 subscribers and more than 1,000 published analyses. His writing has also appeared on Entrepreneur (for example, How to Digitize a Family Business in Europe) and HackerNoon. Find him on LinkedIn and Substack. See how we source.
