Top Stocks to Watch This Week: SpaceX, Delta, PepsiCo, Nvidia, and TSMC

TLDR

• SpaceX joins the Nasdaq-100 this week, triggering buying from index-tracking funds
• Delta Air Lines kicks off Q2 earnings season, offering a read on consumer travel spending
• PepsiCo results will show whether consumers are still paying higher prices for everyday goods
• Nvidia stays in focus as investors watch for any shift in AI infrastructure spending
• Taiwan Semiconductor is on watch ahead of earnings, given its role supplying chips to major tech firms

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Second-quarter earnings season is underway and five stocks are drawing most of the attention on Wall Street this week. Here is what investors are watching.

SpaceX Joins the Nasdaq-100

SpaceX officially joins the Nasdaq-100 Index this week. The inclusion will trigger automatic buying from ETFs and funds that track the index, which should boost liquidity and widen the company’s investor base.

Space Exploration Technologies Corp., SPCX

Starlink’s expansion, government launch contracts, and the long-term development of Starship remain key focuses for investors. The stock has been volatile since its IPO, and that is unlikely to change soon.

SpaceX is expected to stay one of the most watched growth stocks for the rest of 2026.

Delta Air Lines Opens Earnings Season

Delta Air Lines unofficially kicks off Q2 earnings season this week. Airline results are one of the earliest signals of how consumers and businesses are spending.

Delta Air Lines, Inc., DAL

Investors will focus on ticket prices, booking trends, and international demand. Lower oil prices have helped cut one of the industry’s biggest costs, which could support profit margins.

Strong guidance from Delta could lift sentiment across the travel and leisure sector.

PepsiCo Offers a Consumer Health Check

PepsiCo reports earnings this week and the results will give a clear picture of global consumer spending. Wall Street wants to know if shoppers are still paying premium prices or starting to pull back.

PepsiCo sells both beverages and snack foods, so its results reflect broad consumer trends. Comments on input costs and margins could shape expectations for other consumer staples companies reporting later this season.

Nvidia Stays in Focus Despite No Earnings

Nvidia is not reporting this week but it remains one of the market’s most influential stocks. Artificial intelligence spending continues to drive investor attention and Nvidia leads the market in AI chips and data center GPUs.

After recent turbulence in semiconductor stocks, investors are watching whether institutional money returns to AI leaders or keeps rotating elsewhere. Any news on cloud spending or chip demand could move the stock quickly.

Taiwan Semiconductor Positions Ahead of Results

Taiwan Semiconductor reports earnings next week, but investors are already positioning. The company makes chips for Nvidia, Apple, AMD, and Qualcomm, making it one of the best gauges of global semiconductor demand.

Strong guidance from TSMC would signal that AI investment remains healthy. Weaker commentary could weigh on the entire chip sector.