I’m not too worried about $NVIDIA(NVDA.US) Nvidia’s seven-day losing streak by itself. A pullback into earnings can actually be healthy, especially after such a strong run, because it resets positioning and lowers some of the excessive optimism. What matters to me is whether Wednesday’s results and guidance can continue to justify the market’s very high expectations for AI spending, data-center demand and Blackwell momentum. If Nvidia delivers, I think this recent weakness could quickly turn into a buying opportunity rather than the start of a broader AI unwind.

I’m holding my position rather than trying to perfectly time the earnings move. At the same time, I wouldn’t aggressively add right before the report because the combination of Nvidia earnings, memory-chip weakness, tariffs and Jackson Hole makes volatility unusually high. For me, the key is still the long-term AI demand story: if the numbers show that spending remains strong, I’m comfortable holding through the noise and potentially adding on weakness. I’d rather miss the first few percent of a rebound than bet everything on one earnings print.