Earnings Outlook
Nvidia is heading into its August 26 earnings date with fresh evidence that AI infrastructure spending is still accelerating, as seen in its deal with Amkor [1]. This could be a positive sign for the company's upcoming earnings report. Meanwhile, Meta's $145B AI bet is working, with 3.6B users giving it an edge rivals can't match [3]. The company has been upgraded to Strong Buy as AI boosts ad growth and new products. - first, Nvidia's packaging muscle is expected to increase with the Amkor deal; second, Meta's AI bet is paying off with increased user engagement.
Market Sentiment
Retail traders appear to be dialing back optimism, with sentiment on Stocktwits now ‘neutral’ on SPY and QQQ [4]. This shift in sentiment could be a sign of a more cautious market. Additionally, JPM CEO warns of unseen leverage that could amplify market disruptions [2].
Key Stocks
Sandisk falls after weak revenue guidance [2]. AAPL is also mentioned in the context of market disruptions. The mixed sentiment and earnings outlook make it essential to keep an eye on key stocks and their performance.