MRKT MATRIX: August 28, 2024

Today’s Top Stories:

• Nvidia earnings are out — here are the numbers (CNBC)

• Salesforce beats earnings estimates, president and CFO Amy Weaver to step down (CNBC)

• S&P 500, Nasdaq close lower Wednesday, Nvidia tumbles before earnings (CNBC)

• Super Micro Computer Selloff Deepens on Delayed 10-K Filing (WSJ)

• Shares of Abercrombie & Fitch plunge 15% after CEO warns of ‘increasingly uncertain environment’ (CNBC)

• Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so (CNBC)

• Options Point to Gains in Market That’s ‘Like a Beach Ball’ (Bloomberg)

• SoFi’s On The Money Blog (SoFi)

• How sports betting replaced the stock market (Axios)

Today’s MRKT Call is Presented by SoFi

Stocks Enter Seasonally Weak Period

Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, August 28th.

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Today’s Okay, Computer. is Presented by RBC and Current

Investing in the AI Bull Market

Dan Nathan and Gene Munster, founder and partner of Deepwater Asset Management delve into the latest developments in the tech market, focusing on NVIDIA's impending earnings report and the competitive landscape of AI. They discuss expectations for NVIDIA's revenue growth, the implications of supply-demand dynamics, and the ongoing arms race among tech giants like Google, Amazon, and Microsoft in the AI sector. The conversation also covers Apple's upcoming September 9th event, where new product announcements could significantly impact consumer interest, and examines Tesla's current challenges amid a shifting electric vehicle market.

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