Nvidia earnings, Target's profit outlook, Meta's antitrust victory and more in Morning Squawk

Investors are gearing up for a pivotal day as Nvidia prepares to unveil its latest earnings report. Despite a slight waning in excitement around artificial intelligence, the competition among tech giants remains fierce. This morning, Target announced third-quarter revenues that fell short of Wall Street's expectations, leading the retailer to revise its full-year profit forecast downward. As a result, shares dipped approximately 2% in premarket trading. Incoming CEO Michael Fiddelke emphasized the company's commitment to strategic investments aimed at revitalizing growth, although he refrained from providing a timeline for when positive sales would resume. Lowe's also adjusted its profit outlook for the year, but contrary to expectations, the home improvement retailer reported stronger-than-anticipated earnings per share for the third quarter. This positive news propelled its stock up over 6% before the market opened. In legislative news, both chambers of Congress have approved a bill to release the Justice Department's files related to the late sex offender Jeffrey Epstein. The measure now awaits the signature of President Donald Trump, who has indicated his support. In a notable development, former Treasury Secretary Larry Summers announced his resignation from OpenAI's board, following his recent public commitments after the emergence of his emails with Epstein. On the legal front, Meta secured a significant victory in its antitrust case against the Federal Trade Commission. Judge James Boasberg ruled that the company does not hold a monopoly in social media, noting that platforms like TikTok and YouTube pose considerable competition. This ruling addresses concerns surrounding Meta's acquisitions of Instagram and WhatsApp and concludes a legal battle that has spanned five years. In a shift towards diversifying its business model, Netflix is venturing into toys and experiential marketing after years of dominating the streaming sector. The company is forging partnerships with established toy brands like Hasbro and Mattel, tapping into its growing portfolio of popular content. This includes the opening of event spaces, such as the newly launched Netflix House in Philadelphia, as part of its retail strategy. As the market prepares to open, these key stories are shaping investor sentiment for the day ahead.