Hua Er Jie Jian Wen·2025-08-21 01:40Group 1 - The core viewpoint is that the recent decline in U.S. tech stocks presents a buying opportunity, although investors should monitor key variables closely [1][10] - The recent sell-off in tech stocks has led to a significant drop in the S&P 500 and Nasdaq indices, with the Nasdaq heading towards its largest two-day decline since April [3][4] - The momentum factor has retreated about 7%, which is within the historical normal range, indicating that the adjustment is not unusual [6] Group 2 - The upcoming Nvidia earnings report is considered more significant than the Jackson Hole global central bank meeting, as it may reignite interest in AI investments [2][9] - Market expectations for the Jackson Hole meeting are low, with no substantial new information anticipated from Fed Chair Powell [7][8] - A strong Nvidia earnings report could potentially drive a rebound in tech stocks and the overall market [12]