All eyes are on NVDA this week. The $5.2 trillion chip giant reports Wednesday after the bell. AI data centre spending remains the central question. Options traders sit on both sides — the stock's RSI is at 51, signalling pure uncertainty. CRWD, CRM, and INTU also report this week. Tuesday brings Intuit, where analysts just trimmed the consensus target to $444.50. The broader tech earnings season will define sentiment into September.
Gold is up 5.5% this week. Short sellers are scrambling. Short interest in SGOL surged 42% in a single day. The GDXJ junior gold miners ETF hit 100% utilisation — no room for new shorts at all. Reports that China has quietly accumulated far more gold than official figures suggest are driving safe-haven demand. Treasury Secretary Scott Bessent flagged the possibility of a gold-backed renminbi back in 2023. That narrative is back in focus.
UBER is under fire from Dutch regulators. The reported fine runs close to $1 billion. The charge relates to automated driver suspensions. This adds to a growing pile of EU regulatory pressure on US tech platforms.
UAW members at DE rejected the company's proposal to extend its collective bargaining agreement through 2029. A strike threat now looms over the agricultural machinery giant. Deere's shares are in focus as negotiations restart.
Bill Gates filed $347 million in RSG purchases. That is a significant accumulation by any measure. On the other side, Magnetar Financial sold nearly $479 million of CRWV — an institutional exit from an AI infrastructure name shortly after its IPO.
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