Today’s Market Recap: Nvidia Earnings Take Center Stage as Micron and Broadcom Drag Down Memory Chip Sector

Nvidia earnings report becomes the biggest test for AI trades this week. Nvidia will report its quarterly results this week, with the market closely focusing on Data Center revenue, AI chip orders, progress on the Rubin platform, and whether customer capital expenditures continue to sustain high growth. Amid the recent ongoing pullback in the semiconductor sector, Nvidia's earnings report will not only impact the company's own stock price, but also influence market judgments on the AI infrastructure investment cycle. If the results and guidance fail to significantly beat expectations, AI chip stocks may continue to face valuation compression pressure.

Countdown to the Jackson Hole symposium begins as the market focuses on policy signals from Warsh. Federal Reserve Chairman Warsh will deliver a speech at this week's Jackson Hole Economic Symposium, marking his most closely watched policy communication since taking office. With long-dated U.S. Treasury yields fluctuating sharply recently and the 30-year yield briefly rising to a multi-year high, the market is looking for the Fed's latest assessments on inflation, fiscal pressures, and the future interest rate path. As Warsh previously reduced forward guidance, market sensitivity to this speech has heightened significantly.

The U.S. expands economic pressure on Iran, but has yet to directly implement new sanctions. The Trump administration announced on Monday that it may expand secondary sanctions on countries doing business with Iran, referring to it as an "Economic D-Day." Although specific punitive measures were not immediately implemented that day, the statement indicates that U.S. economic pressure on Iran continues to escalate. The energy market pulled back in the short term due to profit-taking, but as long as risks surrounding Iranian supply and the Strait of Hormuz do not significantly ease, crude oil prices may remain volatile at elevated levels.

U.S.-Canada trade tensions escalate, putting pressure on the automotive supply chain. Trump warned that the U.S. will raise tariffs on Canadian cars, trucks, and auto parts to 50% after trade talks between the two countries broke down over the weekend. Canada previously stated that it would impose retaliatory tariffs on certain U.S. goods starting September 8. If U.S.-Canada trade frictions continue to escalate, they could drive up North American costs in automotive, parts, logistics, and manufacturing, putting pressure on related companies such as Ford and General Motors.

U.S. Treasury bond buybacks remain a key focus for the market. Market reports indicate that the U.S. Treasury may deploy nearly $1 trillion from the Treasury General Account to support long-term Treasury buybacks in an effort to ease upward pressure on long-end yields. Although Treasury Secretary Bessent stated that the government will proceed with long-term bond issuances as planned, the issue of bond buybacks has become a crucial variable affecting the U.S. dollar, gold, Bitcoin, and Treasury yields. Investors will continue to watch whether the Treasury takes further measures to stabilize the bond market.

The table below lists the ten most actively traded stocks in the market. Supported by massive trading volumes and robust liquidity, these assets have become key benchmarks for tracking global market dynamics.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.