Nvidia Earnings and Jackson Hole Put the Market to the Test This Week

Two major events could decide the market’s next move this week.
First: Nvidia earnings.
$NVDA reports Q2 results on August 26, giving investors another critical read on whether the AI infrastructure boom is still accelerating.
The biggest things to watch will be data-center demand, Vera Rubin and Blackwell deployments, margins and how rising memory and server costs are affecting the outlook.
Nvidia matters far beyond one stock.
AI infrastructure has become one of the biggest drivers of earnings growth, capital spending and market performance across the S&P 500.
Then comes Jackson Hole.
Fed Chair Kevin Warsh will make his first appearance as chair at the annual symposium as markets debate whether the Fed could raise rates again this year.
Investors will be watching for any signal on inflation, elevated bond yields and how the Fed plans to balance strong economic growth against tighter financial conditions.
The setup is simple:
Nvidia will test the AI trade.
Jackson Hole will test the rates trade.
And together, they could set the tone for the market heading into September.