Nvidia blowout, Walmart outlook, and Fed minutes lead Morning Squawk

Nvidia has delivered another blockbuster quarter, setting the tone for markets as its earnings headline today’s Morning Squawk.

The US-based tech giant has smashed Wall Street expectations once again, reporting more than $57 billion in third-quarter revenue and projecting nearly $65 billion for the current period.

CEO Jensen Huang said demand for its Blackwell chips is “off the charts,” dismissing any talk of an AI bubble.

The upbeat forecast sent Nvidia shares up 5% overnight and reignited confidence across the broader AI trade, boosting peers like AMD, Broadcom, and power-infrastructure players including, Eaton.

Adding to the momentum, Walmart also posted a strong beat on earnings and revenue, raising its outlook for the second straight quarter.

CFO John David Rainey said the retail giant continues to attract “value-seeking” customers across income levels, supported by accelerating e-commerce growth.

The company is also reportedly in talks to acquire Israel-based R&A Data to tighten oversight of its marketplace.

Meanwhile, the latest Federal Reserve minutes revealed deep divisions over rate-cut timing, throwing cold water on hopes for another reduction this year.

The release also reignited political drama as President Trump publicly lashed out at Fed Chair Jerome Powell.