Nvidia, Fed and AI: My Trading Plan for the Week
The market has a big week ahead. Nvidia reports on 26 August, while the Jackson Hole symposium starts shortly after. Both could determine whether the recent AI-led rally resumes or faces another leg down.
My main watchlist is $NVDA, $MU, $AVGO and $AMD. Nvidia is the key event because expectations are extremely high, with analysts looking for roughly US$92bn revenue. I would not chase NVDA before earnings. A strong guide could lift the whole AI semiconductor complex, while a disappointment could create a much better entry point.
$MU is particularly interesting to me because rising AI server demand is driving strong memory requirements. Nvidia's reported price increases for AI servers, partly reflecting soaring memory costs, reinforce this theme.
I am also watching $BABA after its earnings sell-off. Cloud revenue grew 45%, but heavy AI capex pressured profits. That creates a potential contrarian opportunity, but I would wait for price stabilisation rather than catch the falling knife.
My plan: stay patient, keep cash ready, and buy quality AI infrastructure names on weakness after the catalysts. I prefer NVDA/MU/AVGO, with MU potentially offering the best risk/reward if AI memory remains tight.
The biggest mistake now is FOMO. Let the earnings and Fed signals come first, then trade the reaction.
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