Nvidia: Earnings weren’t terrible but below market expectations. No H20 chips included in guidance; potential extra $2–4B revenue if licenses go through. Speaker plans to go long Nvidia at the open using short-term call options.

Markets:

• Crypto & Commodities:

  • Bitcoin +2% (113)

  • Ethereum +2.3% (4600)

  • Gold +131% (likely a misstatement, probably +1.31%)

  • Oil –151% (likely misstatement, probably –1.51%)

• Currencies: USD and JPY relatively flat.

• Economic Data:

  • Initial jobless claims slightly lower than expected (~2K lower).

  • Q2 Core PCE prices in line.

  • Tomorrow’s monthly PCE data still pending.

• Fed Commentary: Fed’s Waller speaking at 4 PM. Seen as dovish, may push for rate cuts regardless of PCE data.

• Other Stocks:

  • Dell reports after close; stock trading higher.

  • ABI call options being managed around $66 strike.

Overall: Markets up, Nvidia in focus, Fed still leaning dovish, watching Dell earnings and options plays.