THE MARKET IS AT A CROSSROADS
The chip selloff is spreading, Bitcoin is breaking higher, and investors are heading into a week that could seriously test the AI trade.
AI BUBBLE OR JUST A SHAKEOUT?
Chip stocks are taking a hit as investors pull back ahead of Nvidia’s earnings.
- SK Hynix: -4%
- Samsung Electronics: -2.2%
- Nvidia: longest losing streak since 2022
This week’s Nvidia results could reveal whether the AI boom is still accelerating or finally starting to lose steam.
â‚¿ BITCOIN BREAKS THROUGH
Bitcoin pushed above $80,000 for the first time since May, giving the battered crypto market a fresh burst of momentum.
OIL IS BACK IN THE SPOTLIGHT
Brent crude climbed back toward $92.45 as tensions around Iran add another risk for global markets.
GOLD HAS A MESSAGE TOO
Gold remains near record territory at around $4,635 an ounce, as investors worry about US deficits, inflation and the long-term strength of the dollar.
THE FED COULD MOVE MARKETS NEXT
Nvidia isn’t the only event investors are watching.
Fed Chair Kevin Warsh’s Jackson Hole speech on Friday could offer clues on where US interest rates go next.
CORPORATE WATCH
- The SEC has subpoenaed major Wall Street banks over hedge fund Situational Awareness.
- Smart-ring maker Oura is reportedly targeting a US IPO that could raise up to $3 billion.
WHY THIS WEEK MATTERS
AI stocks are under pressure. Bitcoin is surging. Oil is climbing. Gold is holding firm. And the Fed is about to speak.
Something bigger may be taking shape across markets.
One week. Two huge catalysts.
Nvidia earnings + Jackson Hole could set the tone for markets.