NVIDIA earnings and Kevin Warsh debut could rattle AI rally
Big week ahead for the stock market: NVIDIA's earnings drop on August 26, and Fed Chair Kevin Warsh makes his debut at the Jackson Hole symposium right after.
Both could shake up this year's AI-fueled rally, especially since stocks took a hit last week (S&P 500 down, semiconductor index down 5%) thanks to rising Treasury yields and worries about inflation and interest rates.
NVIDIA valuation faces AI demand test
Everyone's watching NVIDIA to see if its sky-high value matches real AI demand.
NVIDIA has partnered with six major financial institutions on financing platforms targeting more than $500 billion for AI infrastructure.
Meanwhile, Jackson Hole will help reveal where Fed policy is headed; markets are betting on a possible rate hike soon.
How NVIDIA performs and what Warsh says could decide if the AI boom can survive tougher economic times.