Nvidia earnings, Jackson Hole to test AI rally after weekly losses

Wall Street enters a pivotal week with Nvidia's Q2 earnings and the Jackson Hole symposium set to test the AI rally, after the S&P 500 slipped about 2% from its record on rising Treasury yields. Alibaba raised $10.2 billion in a nearly three-times oversubscribed Hong Kong share sale, though BABA shares tumbled 10% on dilution fears, while Amazon's free cash flow swung to negative $7.6 billion on AI capex. The US threatened Iran with 'economic D-Day' sanctions, and Deutsche Bank warned Treasury buyback and currency moves amount to 'soft-form financial repression.'

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Nvidia earnings and Jackson Hole to test AI-driven stock rally The S&P 500 sits about 2% below its record after rising Treasury yields and AI jitters triggered weekly losses. All eyes turn to Nvidia's Q2 report and Fed Chair Kevin Warsh's Jackson Hole remarks for direction into September. 1 2 3 4

Alibaba raises $10.2B in oversubscribed HK share sale; BABA tumbles Alibaba sold 710 million new shares at HK$112.70, drawing $28 billion in demand for a nearly three-times oversubscribed placement. Hong Kong-listed shares fell 10% on dilution fears even as retail investors stayed bullish. 5 6

Amazon's FCF turned negative by $7.6B even as operating cash flow rose 33% The gap highlights how aggressively Amazon is spending on AI infrastructure. Investors are watching whether the capex surge pressures earnings and free cash flow in coming quarters. 7

Deutsche Bank warns Treasury moves amount to 'soft-form financial repression' Economist George Saravelos says the Treasury's long-bond buybacks and use of the FIMA repo facility with Japan are aimed at lowering U.S. debt costs without adding upward pressure on yields. The interventions come as U.S. debt hits $40 trillion and the 30-year yield touched its highest since 2007. 8

US threatens Iran with 'economic D-Day' as markets await sanctions The threat adds to geopolitical uncertainty already pressuring oil markets and risk appetite. Investors are watching for a formal sanctions announcement that could further lift crude prices and weigh on equities. 9

AIAI jumps 46%, Arcturus and TMC lead; ZipRecruiter slumps 19% AIAI was Friday's strongest stock at +46.1%, with Arcturus Therapeutics up 22.4% and TMC The Metals +20.7%. ZipRecruiter fell 18.6%, New Era Energy & Digital dropped 12.8%, and Seabridge Gold lost 9.3%. 10