US stocks recover from steep losses, Nvidia earnings preview

Market Overview - The week saw mixed performance across major indices, with the Dow Jones achieving record highs earlier but ending with a slight gain of about 0.33% [2][3] - The NASDAQ ended the week down approximately 0.5%, while the S&P 500 barely remained in the green, losing just five basis points [3][4] Technical Analysis - The 50-day moving average has been a focal point, with the S&P 500 testing this level without closing below it, indicating a short-term upward trend [5][6][9] - The VIX index, which measures market volatility, spiked to a high of 23, reflecting increased institutional hedging pressure, although it is not necessarily indicative of market direction [10][11] Cryptocurrency Insights - Bitcoin has experienced a significant downturn, down 11% over the past week, with key resistance levels identified between $105,000 and $110,000 [12][13] - Bitcoin's performance has been relatively better compared to other cryptocurrencies, with it down 25% from its 52-week high, while Ethereum and Cardano have seen larger declines [16][17] Nvidia Earnings Expectations - Nvidia's upcoming earnings report is highly anticipated as it is a major player in the AI sector, with expectations of positive indicators for AI spending based on supply chain momentum [19][21] - Concerns exist regarding the sustainability of revenue growth due to the high costs associated with data center investments, but there is optimism about revenue generation from inference workloads [24][25] Berkshire Hathaway's Investment - Berkshire Hathaway has made a notable investment in Alphabet, acquiring 17.8 million shares valued at over $4 billion, marking a shift towards tech investments [76][77] - This investment aligns with Alphabet's plans to invest $40 billion in data centers in Texas, contributing to its stock rise [78]