Powell's comments spooked tech investors. While the AI trade may be dampened in the near-term, I expect December earnings to be the catalyst that returns confidence to AI investors.

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Bottom line with Nvidia earnings: I think the company will grow much faster than the Street expects in CY26.

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Apple’s September quarter and December guide reminds us that it will take a few quarters for the Apple Intelligence acceleration to begin.

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Following the Meta call, the key takeaway is the core business is doing great and they’re aggressively investing in AI to become the next big thing. My guess is that big thing is related to monetizing search.

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This proved to be the most important quarter for Google in 7-10 years given it showed Search revenue is benefiting from generative AI.

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Tesla is up 12% given there’s positive near-term data points along with a fatter golden carrot.

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The bears will say Nvidia earnings were good but not great. The bulls will say favorable July and October guidance doesn’t matter because the upside remains over the next two years as AI will be bigger than the internet.

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Nvidia Preview Pressure Point: It’s all about Jensen’s language about timing of reaching supply-demand equilibrium.

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While it will take 2-3 years to sort out, I believe Google will win the appeal on the Search placement decision.

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