Nvidia(US:NVDA) Sou Hu Cai Jing·2025-08-25 05:46Group 1 - The Federal Reserve Chairman Jerome Powell hinted at potential interest rate cuts during the Jackson Hole global central banking conference [1] - The S&P 500 index experienced a five-day decline but rebounded with a 2.1% increase on Friday, now just 0.8% away from its historical high [3] - Despite the upcoming rate cuts providing valuation support for growth stocks, the S&P 500's price-to-earnings ratio is 16% higher than its 10-year average [3] Group 2 - Nvidia's earnings report is considered a "market barometer" due to its unique industry position, with 40% of its revenue coming from major tech companies like Meta, Microsoft, Alphabet, and Amazon [3] - There are conflicting market signals, with Microsoft Azure's cloud revenue growing 19% year-over-year and Google's cloud revenue increasing by 31%, indicating expanding enterprise AI demand [3] - Conversely, Meta's capital expenditure guidance was raised less than market expectations, raising concerns about AI investment returns [3] Group 3 - Nvidia's stock price formed a typical "ascending triangle" pattern after reaching a historical high in early August, with a potential breakout above $180 or a risk of falling below the $170 support level [4] - The upcoming release of the July core PCE price index, favored by the Federal Reserve as an inflation indicator, is highly anticipated; a continued moderate decline could reinforce rate cut expectations and benefit tech stocks [4] - The S&P 500 index's 80% gain this year has been driven largely by seven tech giants, including Nvidia, Microsoft, and Apple [4] - A warning was issued regarding the risks of the market heavily relying on a few companies' earnings reports, as any minor disappointment could trigger a chain reaction [4]