NVDA earnings ready to DOMINATE

Nvidia's biggest worry is high expectations                                                                                                                                                                                                                                                                                                                                                                                                                 August 23, 2023 | [Read Online]( Dawn Report August 23, 2023 Nvidia is going to dominate this session. The company is at the center of the AI boom and has enjoyed a blistering pace this YTD. NVDA is up more than 219% YTD, and that’s after a decline yesterday. The company will report earnings after close today, and experts have high-expectations… something the company itself hasn’t dampened. After all, the company was extremely optimistic when it came to discussing earnings earlier this year. But as the old saying goes, it is always better to underpromise and overdeliver. Practically anything NVDA reports may fall short of what many are hoping for. Some of the more optimistic target prices for this stock have it at $500 or above. Yet if earnings disappoint, it will be lucky to stay above $450. Two major potential problems loom for NVDA. First, it remains to be seen how trade restrictions imposed by the Biden Administration on chip sales to China will work. If they are sweeping and strict, that could significantly cut into NVDA’s profits. Second, AI generally is facing regulatory and legal issues, especially when it comes to intellectual property. Those who have their content used for large-language models are considering suing in some cases… as The New York Times is reportedly thinking about regarding OpenAI. If such suits gain favor in the courts, that will be a devastating setback for the technology. NVDA still looks like the company of the future… but nothing is inevitable, and no one can prepare for the ultimately unpredictable. Stay aggressive, stay liquid, and stay mobile. Get What’s Yours, Jeff Bishop WORD ON THE STREET - UPS Workers Get BIG Raise - The Teamsters [approved](a new labor deal for drivers at UPS, giving it the biggest endorsement in the history of the organization. At the end of the five-year deal, UPS workers will average about $170,000 in pay. The deal averted a potentially ruinous strike that would have hit late last month. - AMC Collapses - If you were still holding the meme stock - I’ve got bad news. The movie chain’s stock [plummeted](by more than 18% as investors prepared for the conversion of the special equity APE shares into normal shares. - Theft Hits Dick’s Profit Guidance As Stock Falls - DKS had an even worse day than AMC - the stock was down more than 24%. The chain [reported](significantly lower earnings per share compared to last year and fell well below expectations, just $2.82 per share compared to $3.81 predicted. The company also blamed “elevated inventory shrink” for lowering profitability. In other words - theft. - Woolworths Impresses On Profits - Woolworths [met](analyst forecasts as underlying full-year profit rose by 4.6%. The earnings margin for food was also up significantly compared to last year - something which may provide evidence for critics who claim inflation in Australia has more to do with corporate profits than supply problems or government policies. HOT SPOTS: What's Going on in Geopolitics - Chinese Box Office Hits New High - Summer box office receipts in China [hit](an all-time seasonal high of $2.4 billion. It’s surprising because the country is suffering from slowing economic growth and high youth unemployment. Perhaps citizens are seeking escapism… that can’t make the Chinese government very happy. - USA Approves New Arms Deal For Ukraine - The United States has [approved](a potential $12 billion arms deal from Poland to Ukraine. The potential purchase includes 96 AH-64E Apache helicopters and other equipment. - Philippines Naval Outpost Resupplied In Defiance Of China - Ok, it’s not quite Fort Sumter but it’s a potentially dangerous showdown. The Philippines has stationed a garrison aboard the grounded ship the BRP Sierra Madre to stake its claim to an area of the South China Sea. China has blasted the move and its naval militia reportedly tried to prevent a resupply effort. However, the Philippines [pulled it off]( despite Chinese efforts trying to “black, harass, and interfere,” according to the National Task Force for the West Philippine Sea. CUTTING EDGE: What['](s Happening In Tech - Here We Go Again With The Masks… - Yup, they’re going to do this again. At least in some areas… Lionsgate studio in Hollywood has [mandated](masks in response to the new COVID-19 variant, EG.5. The new variant has become the dominant form of the virus in the USA. - Kinect Is Dead. Again. - Microsoft has [canceled](the Kinect depth camera and microphone for the second time. It was initially killed off in 2017, but returned as the Azure Kinect Developer Kit two years later. Now, Microsoft is ending production… the only ones that will ever be made available are the ones that have already been made. - Coinbase Claims Minority Stake In Circle Internet Financial - The cryptocurrency exchange has [bought](a minority stake in Circle Internet Financial. As a result, Circle is bringing in issuance and governance of USDC in-house as part of the deal. The move is a step into letting Coinbase compete in sending money worldwide, with USDC the key into opening new business opportunities. FOR YOUR CONSIDERATION “Microsoft has the experience, the device, and now potentially a prominent list of titles no other company can match.” America’s been decisively beating the United Kingdom when it comes to churning out the top companies of the tech era. However, that doesn’t mean the United Kingdom doesn’t have real power. Now, Microsoft’s blockbuster gaming deal comes down to London. [LONDON CALLING FOR MICROSOFT]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. 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