This week's Intel Desk | NVDA confirms the AI build-out, PCE stays stuck, Warsh debuts tonight

AI Intel Desk · Issue 4 · one readable piece of market intel every week

This week's key events (24 – 28 Aug)

Macro signals in one place: Nvidia's Q2 revenue of $96.2B and Q3 guidance of $108B confirm the whole AI chain is still adding capacity; US core PCE for July unexpectedly rose to 3.3% instead of easing; and tonight, Warsh's first Jackson Hole speech sets the September path, with CME pricing roughly a 54% chance of a hike.

This week's featured Q&A

From real user conversations with Longbridge AI this week — the three topics readers cared about most.

Featured question 1:

Nvidia guided next quarter's revenue to $108 billion when the market had only expected $104.2 billion. Set against how it has delivered over the past few quarters, is this aggressive, or is there still room left?

The AI's core answer:

• Aggressive, but the buffer isn't fully used up; the real pressure isn't on revenue, it's on profit. Over the medium term, what to watch is when gross margin bottoms out

Featured question 2:

SanDisk fell 6.45% on 24 Aug, then climbed back 1.26% on 26 Aug. In this round of memory-stock moves, whose swings look more sentiment-driven — SanDisk's or Micron's?

The AI's core answer:

• SanDisk is "fundamentals hit + sentiment amplifying it", Micron is "pure sentiment, but smoothed out by liquidity"; the dividing line is next quarter's NAND negotiations and earnings

Featured question 3:

Data on 26 Aug showed US prices still rising 3.7%, while real consumption grew close to zero. Prices up, spending frozen — what does that mean for the stock market?

The AI's core answer:

• At index level the AI narrative is papering over it for now, but consumer confidence is already slipping; tonight's Warsh speech is the nearest switch

Next week's calendar (31 Aug – 4 Sep)

Note: China's NBS manufacturing PMI is scheduled for 31 Aug at 01:30 UTC (09:30 CST); the Caixin manufacturing PMI usually follows the next day, on 1 Sep.

🎁 Comment to win

Share your conversation with AI in the comments — give it a go!

Can Broadcom's custom ASIC orders catch up with NVDA?

Rewards:

• Every valid entry gets 288 task coins
• Among all valid entries, 1 will be drawn at random to receive an AI Pro membership card (30 days) worth SGD 25

Campaign period: from today until 7pm on 4 September 2026. Rewards will be issued within 15 working days of the campaign closing.