The biggest tech earnings week is over. Now comes the hangover test. Palantir reports Monday. AMD reports Tuesday. SanDisk reports Wednesday. NFP drops Friday. Here are the 5 stocks and 3 macro events that define the week of August 3 to 7, 2026.

TradingKey - Recently, the AI industry chain has undergone a significant correction, with the semiconductor sector facing notable pressure. However, JPMorgan does not believe this adjustment signals the end of the AI rally. The firm’s strategy team views the current market movement as capital reallocation and valuation digestion rather than a deterioration of industry fundamentals. As earnings expectations continue to improve and market positioning scales back, chip stocks may be building momentum for the next rally.

TradingKey - JPMorgan’s (JPM) Global Markets Strategy team warns in its latest report that the deleveraging process initiated by US investors in June remains ongoing. Leveraged equity ETFs, options markets, and margin accounts all have room for further risk exposure reduction, which could serve as a significant headwind for US and global equity markets in the coming months.

TradingKey - Bank of America posted Q2 2026 net income of $9.1B, EPS of $1.21 (beat by 7.7%), revenue up 15%, and its 17th consecutive quarter of trading growth at +33%. The stock broke out above $61. Here’s what $63 needs.

TradingKey - JPMorgan reports Q2 2026 earnings before the bell on July 14. Consensus: EPS $5.50–$5.59, revenue $49.16B–$51.09B. Full-year NII guidance of $103B is the key variable. At $334 above trendline support, $338.45 is the breakout trigger.

TradingKey - As the second-quarter earnings season for U.S. bank stocks officially commences, JPMorgan Chase (JPM), Citigroup (C), Bank of America (BAC), Goldman Sachs (GS), and Wells Fargo (WFC) are scheduled to release their Q2 results on July 14.
