Sunday, August 23, 2026 — $NVDA Q2 earnings this week test the resurgent AI trade after the longest losing streak since 2022; WSJ says NVIDIA is spending $6B to build a US alternative to Chinese AI; f

Iran uncertainty is still the background risk, but Dow, S&P 500 and Nasdaq futures are higher because AI names are doing the heavy lifting — watch $NVDA, $POET, $JOBY, $BBBY in focus. The issue is $NVDA enters Q2 with a six-day losing streak, its longest since 2022, and is reportedly warning some of its biggest customers about a 15% price hike on AI servers — a margin signal and a demand test. Hudson Value Partners acquired 4,579 shares of $NVDA — small dollars but a good signal that value funds are still chasing AI chips, not fading them. Not sure people appreciate the Q2 blast radius — $AAPL, $MSFT, $AVGO, $MU, $AMD all trade on the same AI capex, memory and packaging reads as $NVDA, and the Cloverleaf data center partnership adds facilities capacity. Prediction markets put only 20.5% odds the fed funds upper bound is above 3.75% after the July 29, 2026 meeting, and only 30.5% odds July payrolls top 125k — rate-cut conviction is weak, and that pressures long-duration tech. The C

Iran uncertainty is still the background risk, but Dow, S&P 500 and Nasdaq futures are higher because AI names are doing the heavy lifting — watch $NVDA, $POET, $JOBY, $BBBY in focus.