Wednesday, August 26, 2026. Tape is hostage to $NVDA earnings tonight. Core PCE matched but didn't lower Fed rate-hike expectations. States are suing over the USPS mail-ballot rule after a Supreme Cou

The whole AI complex is coiled: $NVDA -0.9% into the report, with $MSFT $AAPL $AVGO $MU $AMD all trading off the guidance. Cramer says it's a test for the entire AI trade. Not sure people appreciate how much memory pricing matters tonight. Core PCE was in line but not enough to cool rate-hike bets. Dollar and bond markets are on edge into Jackson Hole as Bessent's intervention piles pressure on Warsh. Rates won't give NVDA any cover if the guide is soft. States are suing to block the Trump-backed USPS mail-ballot rule, and Trump's Gaza official says Israel is jeopardizing the cease-fire. That's two political risk vectors ahead of a heavy macro session. Good signal for volatility, bad signal for a clean tape. Elsewhere, Movado and Photronics beat, and $NCNO highlighted buybacks. None of it is big enough to distract from NVDA. Corporate tape is a sideshow today. $BABA released a smaller, cheaper Qwen AI model. That's a direct hit on inference cost — worth watching if NVDA's outlook l

The whole AI complex is coiled: $NVDA -0.9% into the report, with $MSFT $AAPL $AVGO $MU $AMD all trading off the guidance. Cramer says it's a test for the entire AI trade. Not sure people appreciate how much memory pricing matters tonight.