👉 Nvidia Reports Earnings Wednesday, Buckle Up!

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On Sundays we publish the Week in Review. This edition of our newsletter is a detailed walkthrough of what actually happened in the markets between Monday and Sunday — and what I’m doing with my investment portfolio as I digest the news.

We actually offered yesterday’s Week in Review to our subscribers completely for free. We broke down Palo Alto Networks’, Target’s, and Walmart’s earnings results — as well as explained what Jerome Powell said in Jackson Hole.

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Key Earnings Announcements:

The world’s most valuable company, Nvidia, reports earnings this week — buckle up.

Monday (8/25): HEICO, Pinduoduo, Sasol, Semtech

Tuesday (8/26): Box, MongoDB, Ncino, Okta, PVH, Scotiabank

Wednesday (8/27): Abercrombie & Fitch, CrowdStrike, HP, Kohl’s, Nutanix, NVIDIA, Snowflake, Veeva, Williams-Sonoma

Thursday (8/28): Affirm, Ambarella, Bath & Body Works, Best Buy, Burlington, CIBC, Dick’s Sporting Goods, Dollar General, Elastic, Gap, Marvell, Petco, Ross Stores, SentinelOne, TD Bank, Ulta Beauty

Friday (8/29): Alibaba, BRF, Frontline

What We’re Watching:

1. Alibaba (BABA)

Alibaba reports Q1 FY 2026 earnings Friday before the open, with shares up +45% YTD as investor enthusiasm builds around its AI-cloud push and improving e-commerce trends. The stock reclaimed a key support level just last week, signaling technical optimism heading into earnings.

This cycle, focus will be on whether rapid cloud growth — supported by Alibaba’s pledge to invest over $52B in AI and cloud infrastructure over the next three years — can offset continued pressure in domestic consumption and regulatory scrutiny. Analysts expect cloud revenue to grow around +20%, catalyzing forecasted total revenue of ¥255B.

I’ll also be watching for updates on Alibaba’s open-source Qwen model and any forward guidance on capital expenditures or cost discipline in its restructuring units.

• Analysts expect $1.81 GAAP EPS on Revenue of $35.42 billion.

• You can explore the most recent BABA investor release here and here.

2. NVIDIA (NVDA)

Nvidia reports Q2 FY2026 earnings Wednesday after the bell – the year’s most anticipated earnings report. With a 35% YTD surge to a $4T+ valuation, this release is a litmus test for the AI boom’s staying power and near-term growth.

This cycle, the focus will be on three pivotal fronts:

1. China Exposure & Export Risks — China access, resumed under a U.S. deal requiring Nvidia to share 15% of H20 chip revenues, still faces a potential $8B headwind from export curbs.

2. AI Demand Health — Analysts expect ~$46B in revenue (+50% YoY), driven by enterprise AI demand and early GB300 chip ramp-up.

3. Valuation Sanity Check — Nvidia needs strong numbers and bullish guidance (e.g., Q3 above $47B) to sustain the market rally and tech valuations.

I’ll be watching for updates on the Rubin chip lineup (slated for 2026), China’s demand resilience, and any cracks in AI growth.

Sentiment remains bullish — many analysts maintain “Buy” ratings, with targets ranging from $200 to $225.

• Analysts expect $0.94 GAAP EPS on Revenue of $46.00 billion.

• You can explore the most recent NVDA investor release here and here.

Investor Events / Global Affairs:

Intel’s CFO speaks at the Deutsche Bank Technology Conference, FanDuel and DraftKings prepare for an action-packed football season, and VMWare Explore kicks off in Las Vegas.

• Intel CFO To Speak

Intel CFO David Zinsner speaks at the Deutsche Bank Technology Conference on Aug. 28, one of his first appearances since Japan’s SoftBank invested $2B for a ~2% stake and the U.S. secured a 10% stake ($8.9B) in the chipmaker, announced Friday.

Intel is at the heart of Trump’s AI ambitions with the goal to bolster domestic semiconductor production. The deal, converting CHIPS Act grants, aims to make the U.S. an AI powerhouse by stabilizing Intel’s foundry and advancing AI chip innovation.

With Intel up +23.7% YTD, investors will seek clarity on the foundry strategy, cost-cutting progress, and AI chip demand.

• Final Trading Day Before Football

The final trading session before college football’s blockbuster Week 1, featuring Ohio State vs. Texas and Alabama vs. Florida State, is set to ignite the sports betting sector.

With betting volume expected to surge, DraftKings (+26.8% YTD) and FanDuel parent Flutter Entertainment (+15.8% YTD) are in focus.

DKNG’s stock has climbed on strong U.S. market share, while FLUT’s increase reflects global growth. Analysts project a record betting handle for Week 1, fueled by high-profile matchups and new market launches like Missouri, where DKNG secured an untethered license.

View more gambling stats here: US Online Gambling Market Size, Report, Share & Growth Trends 2030

• VMware Explore Las Vegas

VMware Explore 2025 kicks off in Las Vegas next week — an influential gathering for enterprise IT under VMware’s new leadership within Broadcom. The event’s marquee moment comes on August 26, when Broadcom President and CEO Hock Tan delivers his keynote titled “Shaping the Future of Private Cloud and AI Innovation.”

This year's conference is shaping up as a pivotal barometer for enterprise tech trends. I’ll be listening for announcements on how Broadcom plans to layer AI and automation into its private cloud stack — and whether cost-saving strategies, developer tools, and infrastructure integrations can reshape VMware’s narrative in hyperscale and regulated sectors.

Major Economic Events:

Consumer sentiment, core PCE, durable-goods orders, personal spending, and GDP revisions are in the spotlight.

Monday (8/25): New Home Sales

Tuesday (8/26): Consumer Confidence, Durable-Goods Orders, Durable-Goods Orders Minus Transportation, S&P Case-Shiller Home Price Index (20 Cities)

Wednesday (8/27): None Scheduled

Thursday (8/28): GDP (First Revision), Initial Jobless Claims, Pending Home Sales

Friday (8/29): Advanced Retail Inventories, Advanced U.S. Trade Balance in Goods, Advanced Wholesale Inventories, Chicago Business Barometer (PMI), Consumer Sentiment (Final), Core PCE Index, Core PCE Year-Over-Year, PCE Index, PCE Year-Over-Year, Personal Income, Personal Spending

What We’re Watching:

1. Core PCE Index

Core PCE — the Fed’s preferred gauge of underlying inflation — rose +0.3% in June, the largest monthly gain in four months and in line with expectations. On a yearly basis, core PCE increased +2.8%, slightly above the +2.7% forecast.

The data suggests that inflation pressures remain sticky — particularly in services. 

Economists expect the following this week:

Core PCE (July, MoM) – +0.3% est.

Core PCE (July, YoY) – +2.9% est.

2. GDP Growth Rate

US GDP grew at a +3.0% annualized pace in Q2 2025, sharply rebounding from a -0.5% contraction in Q1 and topping expectations of +2.4%. The rebound was driven by a -30.3% plunge in imports after a tariff-induced stockpiling surge last quarter, alongside stronger consumer spending (+1.4% vs +0.5%).

Government spending also rebounded (+0.4% vs -0.6%), while fixed investment slowed sharply (+0.4% vs +7.6%), dragged by contractions in structures (-10.3%) and residential (-4.6%).

Exports fell -1.8%, their steepest drop since mid-2023, and inventories shaved -3.17 points off growth. Despite trade distortions, the print points to resilient domestic demand even as investment momentum cools.

Economists expect the following this week:

GDP Growth (Q2, advance) – +3.0% actual vs +2.4% est.

GDP Growth (Q3, est.) – +1.9% annualized

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