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Key market events for the week include the US Federal Reserve's interest rate decision, with an expected quarter-point cut, and Oracle's Q2 earnings report. Analysts predict Oracle's earnings to grow by 11.4% with significant capex increase. The Fed's decision could impact the USD/JPY exchange rate, and Oracle's stock may see volatility post-earnings.
U.S. President Trump met with Nvidia CEO Jensen Huang, discussing AI trade and export controls. Regulators are considering Nvidia's ability to sell H200 chips to China. Huang expressed concerns about U.S. regulations slowing AI progress and opposed a bill requiring domestic chip sales before exporting. At a CSIS event, Huang downplayed smuggling concerns, emphasizing the logistical challenges of transporting GPUs. The meeting highlights potential regulatory impacts on Nvidia's global growth.
Palantir Technologies Inc. has partnered with TWG AI and NVIDIA to enhance rodeo sports using real-time AI and computer vision technologies. The collaboration with Teton Ridge aims to analyze performance data to improve athlete training, animal care, and fan engagement. NVIDIA’s AI infrastructure will enable faster data processing, creating new opportunities for broadcasting and fan experiences. This initiative marks a significant technological advancement in the rodeo ecosystem.
Palantir's high valuation will be difficult to justify.
The Dow Jones Index is near its all-time high, forming a risky pattern ahead of the Federal Reserve's interest rate decision and key earnings from Adobe, Oracle, and Costco. Despite a strong uptrend, bearish divergence and a double-top pattern suggest potential pullback risks. Key catalysts include Fed's interest rate decision and earnings from major companies, impacting the stock market.
