Midweek trading ideas: Where next for Nvidia and the Nasdaq?
CMC MarketsWednesday, 20 May 2026: Market attention today is directed squarely at Nvidia, with the chipmaker set to report first-quarter earnings after the closing bell. As ever, forward guidance will be key for this bellwether of the AI trade. Given the stock’s weighting in the Nasdaq and S&P 500, the results are also expected to drive broader equity direction and volatility across risk assets. Away from company updates, the economic calendar is relatively light. Thursday brings the monthly comparisons of manufacturing and service sector activity in the US, the UK and other major economies, while Friday’s University of Michigan sentiment survey is unlikely to materially shift forecasts for US consumers’ spending. For now, markets continue to be primarily influenced by earnings sentiment and geopolitical news, with traders keeping one eye on next week’s PCE report, the Federal Reserve’s favourite inflation gauge. Website: http://www.cmcmarkets.com/en-gb/ 📺 Get the latest daily analysis on key markets such as US 30, UK 100, Germany 30, Japan 225, USD/JPY, EUR/USD, GBP/USD, Brent and West Texas Crude Oil and Gold via our CMC TV playlist. CMC Markets is a global leader in online trading, offering spread betting and contracts for difference (CFDs). Learn how to spread bet and trade CFDs with our trading strategy videos. CMC Markets offers trading on thousands of financial markets including forex, indices, commodities, shares and treasuries. ➡️ Subscribe and don't miss another update! https://www.youtube.com/channel/UC_Q-HdXuWScFretXS7GfEjw?sub_confirmation=1 Follow us: X (Twitter): https://twitter.com/CMCMarkets LinkedIn: https://www.linkedin.com/company/cmc-markets/ Facebook: https://www.facebook.com/cmcmarkets.uk Follow Michael Kramer: X (Twitter): @MichaelMOTTCM YouTube: @Themarketchronicles This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.