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Nvidia will report earnings on Wednesday, testing the resurgent AI trade. 4% but shed 2% for the week. Retailers including DICK’S Sporting Goods (DKS), Five Below (FIVE), Urban Outfitters (URBN) and Bath & Body Works (BBWI) will report earnings this week, along with Ulta Beauty (ULTA), Dollar General (DG), and Dollar Tree (DLTR). Nvidia is expected to be watched closely as it sits atop the AI trade.
HSBC analyst Frank Lee suggests Nvidia could position itself as the world's biggest contributor to open-source AI expanding its customer base. Bitcoin (BTC-USD) reclaimed a price above $70,000 for the first time since late May, fueled by President Trump’s efforts and the Treasury Department’s increased purchases of longer-term government debt, with the US national debt having passed $40 trillion. The Fed is also confronting inflation and the Treasury's intervention, creating a tension between monetary and fiscal policy.
HSBC analyst Frank Lee suggests Nvidia could position itself as the world's biggest contributor to open-source AI expanding its customer base. Bitcoin (BTC-USD) reclaimed a price above $70,000 for the first time since late May, fueled by President Trump’s efforts and the Treasury Department’s increased purchases of longer-term government debt, with the US national debt having passed $40 trillion. The Fed is also confronting inflation and the Treasury's intervention, creating a tension between monetary and fiscal policy.