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TuiTui X Daily: The market is waiting for two major uncertainties: NVIDIA's earnings test and Powell's Jackson Hole speech; AI credit risk warning, Druckenmiller slams the Treasury Department

August 26, 2026 · Covering 386 KOLs and 2,097 tweets

As NVIDIA's critical earnings report approaches, positive product-side news such as the mass production launch of Vera Rubin racks and successive target price hikes has emerged. However, this fails to calm the unrest in the credit market—credit default swaps (CDS) for both Broadcom and NVIDIA have surged to historic wides, leading the market to question the sustainability of this trillion-dollar capital expenditure spree with real money. On the same day, Dick's Sporting Goods reported its worst single-day earnings performance in company history, with Foot Locker, acquired at a heavy cost a year ago, becoming the final straw that crushed its stock price. On the macro front, the verbal spat between Druckenmiller and the Treasury over bond buybacks remains unresolved. Weakening consumer confidence and new home sales, coupled with looming US-China tariff tensions, add further suspense to Waller's upcoming Jackson Hole speech this Friday.

I. Trending Stocks on X

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II. Market Themes | NVIDIA's Earnings Test Clashes with AI Credit Risk Warnings; Dick's Unleashes a Black Swan During Earnings Season

1. NVIDIA Sprints Toward Earnings Test: Product Wins Face Off Against Historical Statistics: NVIDIA finally rebounded after seven consecutive days of declines, with product-side news remaining largely positive—the Vera Rubin NVL72 mass-production racks are ready, and Microsoft has secured the first deployed rack, marking the start of a new wave of AI infrastructure deployment following Blackwell (@StockMKTNewz；@StockSavvyShay); Raymond James raised its price target from $330 to $352 while maintaining a Strong Buy rating, bullish on the acceleration of its CPU business, which is expected to contribute 5% of total revenue by 2028 and grow into an independent growth engine (@Stocktwits；@Banana3Stocks), while BMO reaffirmed its Buy rating and $340 price target on the same day (@joinautopilot). Polymarket assigns a 96% probability of beating estimates, with options implying a volatility range of approximately ±5%, close to the average actual volatility of 4.8% over the past 12 quarters (@WOLF_Financial；@joinautopilot); technically, the stock price is hovering near support at the 50-day and 100-day moving averages, forming a "double bottom" structure, with the 50% retracement level at $208 and the 61.8% level at $204, while the RSI has dropped to 44.6, completing a reset (@Banana3Stocks). However, historical statistics have dampened bullish sentiment: in six of the past eight quarters, the stock closed lower the day after earnings, and the actual after-hours volatility in the last five instances was lower than the options-implied volatility, often signaling a "sell the news" event (@TradingThomas3；@MichaelMOTTCM). Consensus institutional expectations point to revenue of approximately $91.6 billion to $92.2 billion (a year-over-year increase of 96% to 97%) and earnings per share of $2.08 to $2.09 (a year-over-year increase of 98% to 99%) (@SergeyCYW；@InvestingVisual）。

2. AI credit risk flashes red: Broadcom and NVIDIA credit default swaps hit record highs, raising concerns about "shadow leverage"Broadcom's 5-year credit default swaps (CDS) widened by 28 basis points this month to approximately 126 basis points, while NVIDIA's rose to about 87 basis points over the same period. Both hit record highs. Oracle’s CDS even surpassed 200 basis points, exceeding its peak during the 2008 financial crisis (@GlobalMktObserv). The root cause lies in chip manufacturers increasingly using their own balance sheets to backstop customers' AI procurement. Broadcom has guaranteed a $35 billion financing package provided by Apollo and Blackstone to Anthropic and is negotiating a new round of AI chip financing that could reach $100 billion, with some senior debt potentially guaranteed by Broadcom itself. Meanwhile, NVIDIA is collaborating with Wall Street institutions to establish a third-party capital platform exceeding $500 billion, with NVIDIA possibly providing guarantees for up to $125 billion of it. This "shadow leverage," composed of such guarantees, leases, and purchase commitments, will only truly manifest when AI spending or chip demand weakens (@GlobalMktObserv). Meanwhile, cash levels in US equity funds have dropped to 1.2%, the second-lowest on record and just half of the level seen during the 2022 bear market, leaving little dry powder to absorb any market correction (@GlobalMktObserv). In terms of competitive landscape, OpenAI and Broadcom’s jointly developed Jalapeño inference chip was reported to offer 1.5 to 1.9 times higher throughput per watt and 1.7 to 3.6 times lower latency compared to NVIDIA’s GB200/GB300, with power consumption of only 700 watts (versus 1,200 to 1,400 watts for NVIDIA). Scheduled for deployment in OpenAI’s data centers within the year, this is interpreted as a signal that hyperscalers are accelerating in-house chip development, diverting share from NVIDIA’s GPU market (@PhotonCap、）。

3. Dick's Sporting Goods reports worst earnings in company history, confirming drag from Foot Locker acquisition: Dick's Sporting Goods posted Q2 adjusted EPS of $3.53, missing the market expectation by $0.23. Revenue came in at $5.59 billion, also below the expected $5.64 billion. Core DICK'S business saw same-store sales grow 4.9% (benefiting from World Cup momentum), but the Foot Locker business, consolidated last year, saw same-store sales decline 3.6%. Non-GAAP operating margin fell to 8.1% (a year-over-year decrease of 491 basis points). The company simultaneously lowered its FY27 EPS guidance to $11.00–$12.00 (from $13.50–$14.50) and revenue guidance to $21.9–$22.2 billion, while cutting Foot Locker’s same-store sales outlook from +1.5% to +3% down to -2% to 0% (@MartyChargin). The CEO admitted that promotional pressure in the athletic footwear and apparel market continues to intensify as the quarter progresses, forcing the company to cut prices to remain competitive (@TheTranscript_). The stock gapped down in pre-market trading and continued to fall, closing down $54, or 31%, marking the worst single-day drop in the company’s history (@DougKass；@Barchart). Analysts pointed directly to Foot Locker, acquired last year for approximately $2.4–2.5 billion, as the primary drag. Within less than a year, it shifted from projected profitability to sustained losses, forcing the company to initiate a major restructuring (@jonnajarian). Ironically, just one day before the earnings release, CNBC Halftime Report guest Weiss publicly voiced bullish sentiment, stating that "Dick's will perform well this quarter." Doug Kass used this opportunity to mock the lack of accountability for TV pundits' predictions (@DougKass）。

4. AI penetration at the consumer end fails to materialize: Apple App Store sees first decline in a decade; Intuit's guidance "collapses": Apple App Store sales declined for the first time in ten years, forming a stark contrast with app uploads hitting record highs during the same period. This is interpreted as AI boosting productivity but not yet translating into revenue growth (@unusual_whales；@oguzerkan). Intuit's quarterly revenue of $4.35 billion and adjusted EPS of $4.03 both exceeded expectations, representing a 14% year-over-year increase, accompanied by an aggressive $5.5 billion stock buyback (up 96% year-over-year). However, its FY27 adjusted EPS guidance was lowered to $22.88–$23.12 (market expectation: $27.32), and Q1 guidance plummeted to $2.44–$2.48 (expectation: $4.04), causing the stock to drop nearly 13% in after-hours trading (@wallstengine；@TrendSpider). Some analysts noted that the revenue growth rate of 9.5%, missing the expected 11%, is what the market is truly concerned about, even though part of the slowdown can be attributed to changes in the accounting treatment of stock-based compensation expenses (@StockMarketNerd）。

III. Macro Topics | Druckenmiller slams the Treasury; weakening consumption data compounded by US-China tariff pressures

1. Backlash against Druckenmiller intensifies; Warsh faces dilemma at Jackson Hole: Stanley Druckenmiller's Wall Street Journal op-ed criticizing the Treasury's bond buyback program continues to stir the market. He admitted, "Of course, I used AI to assist with writing," and stated that he feels "no shame" in switching his major from English to Economics (@unusual_whalesNick Timiraos observed that both Bessent and Warsh have worked closely with Druckenmiller. Bessent's recent moves in Treasury management and exchange rates have sparked speculation about whether he is creating institutional-level pressure on Warsh (@NickTimiraos); Lyn Alden Contact described Bessent as creating a "Streisand effect"—his series of unconventional interventions and statements have drawn even more attention to an otherwise functioning bond market (@LynAldenContact). According to Bianco, Warsh's task force is reportedly considering switching to "trimmed-mean PCE" (excluding extremes to take the median) as an inflation reference indicator, which has been mocked as a "figure-skating algorithm" (@RealVision). Boston Fed President Collins stated that inflation data for June and July showed "moderate improvement," but if subsequent evidence remains insufficient, "tightening policy remains appropriate in the near term" (@NickTimiraos）。

2. Consumer data and new home sales both weakened, while tariff tensions between China-US and US-Canada loom large: The Conference Board's Consumer Confidence Index for August fell to 89.4 (expected: 90.2), with the expectations component dropping sharply from 74.0 to 68.2; new home sales in July recorded an annualized rate of 607,000 units, missing the expected 620,000 units (@LizAnnSonders；@cfromhertz). El-Erian commented that although both data points missed expectations, the Citi Economic Surprise Index remains positive, though momentum has slowed (@elerianm). According to Bloomberg sources, the US plans to impose an additional 7.5% tariff in September citing China's overcapacity, which would bring Trump's total tariff level on Chinese goods back to approximately 20% (@fxtrader); Canada simultaneously announced reciprocal countermeasures on approximately $19.94 billion worth of US goods, raising steel tariffs from 25% to 50%, and imposing additional tariffs of 15%, 25%, or 50% on another 700 products, effective from September 8 (@amitisinvesting）。

3. Crude oil fell in response, while Bitcoin surged to $80,000, as the market bets on ultimately looser liquidity: US crude oil prices plummeted by over 2% that day (WTI at $82.85, down 2.54%; Brent at $88.44, down 2.32%), alleviating upward pressure on global sovereign bond yields; meanwhile, reports emerged that the US plans to avoid military action against Iran before the midterm elections, and Russian media cited unconfirmed reports that the US and Iran have reached a ceasefire agreement (@Hedgeye；@TrendSpider). Bitcoin surged to $80,000, which Anthony Pompliano interpreted as a direct reflection of "the money printer never stopping"—"Bitcoin has no ceiling because the dollar has no floor" (@APompliano); Eric Balchunas disclosed that BlackRock has completed $5 billion in share exchanges for its Bitcoin deferred tax ETF, with the minimum investment threshold lowered to $1 million, continuing to broaden institutional allocation channels (@EricBalchunas）。

4. Individual Stock Forums

1. $NVIDIA (NVDA.US)$Seven consecutive daily declines hit a technical support level ahead of the earnings test, with bulls and bears betting against each other.

NVIDIA enters its critical earnings report carrying a record of seven consecutive daily declines, yet options markets show 96% optimism for a beat. Positive news on Vera Rubin mass production and raised price targets have bolstered bull confidence; however, historical statistics showing post-earnings sell-offs and credit market caution regarding AI capital expenditure models have kept bears wary.

***Bullish

• @Stocktwits、@Banana3StocksRaymond James raised its price target from $330 to $352, maintaining a Strong Buy rating. It remains bullish on the acceleration of NVIDIA's CPU business, which is expected to contribute 5% of total revenue by 2028 and become the global leader in CPU revenue.

• @StockMKTNewz、@StockSavvyShayThe Vera Rubin NVL72 mass-production racks are ready, with Microsoft securing the first deployed rack, marking the start of a new wave of AI infrastructure deployment following Blackwell.

• @WOLF_FinancialPolymarket assigns a 96% probability to NVIDIA beating earnings estimates.

• @joinautopilotBMO reiterated its Buy rating on the same day, with a price target of $340.

***Bearish

• @TradingThomas3In the past eight earnings reports, NVIDIA's stock closed lower the next day six times.

• @MichaelMOTTCMFor the last five earnings releases, actual after-hours volatility has been lower than option-implied volatility, often resulting in a 'sell the news' reaction.

• @BarchartThe stock price has closed lower for seven consecutive trading days, setting a four-year record for the longest losing streak. The short-selling ETF NVDS is highlighted for investors seeking hedging opportunities.

***Neutral

• @SergeyCYW、@InvestingVisualConsensus market expectations project revenue of $91.6 billion to $92.2 billion (a year-over-year increase of 96% to 97%) and earnings per share (EPS) of $2.08 to $2.09 (a year-over-year increase of 98% to 99%).

• @Banana3StocksTechnically, the stock is forming a "double bottom" pattern, finding support near the 50-day and 100-day moving averages. The 50% and 61.8% Fibonacci retracement levels are at $208 and $204, respectively, while the RSI has reset after falling to 44.6.

2. $Dick's Sporting Goods (DKS.US)$| Earnings day delivers the worst single-day performance in company history, confirming the drag from the Foot Locker acquisition.

Dick's Sporting Goods reported earnings that missed expectations across the board and significantly lowered its guidance. The stock gapped down in pre-market trading and continued to decline throughout the session, closing with a 31% plunge—the worst single-day drop in the company's history. Analysts have largely blamed the approximately $2.4 billion to $2.5 billion acquisition of Foot Locker last year, with virtually no defensive voices heard.

***Bullish

• No clear bullish sentiment was observed for the day.

***Bearish

• @MartyCharginQ2 adjusted EPS came in at $3.53, missing estimates by $0.23, while revenue reached $5.59 billion, falling short of the expected $5.64 billion. Core business same-store sales grew by 4.9%, but Foot Locker's same-store sales declined by 3.6%. Non-GAAP operating margin dropped to 8.1% (a decrease of 491 basis points), and the company significantly lowered its FY27 guidance for EPS, revenue, and Foot Locker same-store sales.

• @TheTranscript_The CEO admitted that promotional pressure in the athletic footwear and apparel market has continued to intensify as the quarter progressed, forcing the company to cut prices to remain competitive. The stock plummeted by 17% at one point during pre-market trading.

• @jonnajarianDick's previously spent approximately $2.4 billion to $2.5 billion to acquire Foot Locker. In less than a year, this segment shifted from expected profitability to sustained losses, compelling the company to initiate a major restructuring.

• @DougKassThe stock closed down sharply by $54 (-31%). Ironically, just one day before the earnings release, CNBC Halftime Report guest Weiss publicly voiced bullish sentiments, stating, "There will be strong performance this quarter."

• @KeithMcCullough: Hedgeye analysts had previously taken bearish positions on Dick's Sporting Goods and Lululemon, both of which have been validated.

***Neutral

• @StockMKTNewz: Dick's stock closed down 30% for the day, marking the largest single-day decline in the company's history.

• @SchwabNetwork: Analysts believe the key drag on the stock price is Foot Locker's transformation falling short of expectations, which has become the company's biggest current risk.

3. $SpaceX (SPCX.US)$| Trump's support bolsters Musk's aerospace expansion; stock consolidates in a narrow range to build momentum

SpaceX continues to attract attention with multiple catalysts, including a multi-billion dollar investment plan for a new spaceport in Louisiana, Trump increasing his stake, and the integration of direct stock trading on the X platform. The stock is consolidating in a narrow range near its issue price, with almost no bearish sentiment, as bulls wait for a directional breakout.

***Bullish

• @StockMKTNewz、@WOLF_Financial: SpaceX announced the construction of a new 'Starbase, Louisiana' spaceport on Pecan Island, Louisiana, with plans to invest at least $100 billion, create thousands of jobs, and aim to support thousands of Starship launches annually.

• @joinautopilot: Goldman Sachs predicts that global semiconductor equipment spending will reach $281 billion by 2028 (including capacity expansion by Musk's Terafab), while SpaceX's market capitalization increased by approximately $25 billion on the day.

• @Benzinga: Trump disclosed buying between $15,000 and $50,000 worth of stock just 11 days after SpaceX's record-breaking IPO.

• @TrendSpider: The X platform has begun rolling out its direct stock trading feature, with SpaceX becoming the first stock to be integrated.

• @MarketRebels: According to the FT, JPMorgan plans to relax lending restrictions on loans collateralized by SpaceX stock.

***Bearish

• No clear bearish sentiment observed today.

***Neutral

• @RichardMoglen、@AmeetRai: Technical indicators show that SpaceX is experiencing narrow consolidation with shrinking volume, indicating a phase of relative strength consolidation.

4. $Advanced Micro Devices (AMD.US)$| UBS projects a fivefold increase in revenue, while Raymond James upgrades the rating to Strong Buy.

AMD has shown relative independent strength under the shadow of NVIDIA's earnings report. Institutional expectations for mid-to-long-term revenue and market share continue to rise, with bullish voices clearly outweighing bearish ones. However, some KOLs have begun to question whether the AI narrative is already overextended.

***Bullish

• @StockSavvyShay: UBS expects AMD's revenue to grow more than fivefold to approximately $227 billion by 2030, with EBIT margins expanding to 45%, driven by EPYC CPUs handling agent workloads and the Helios rack-level AI system.

• @StockSavvyShay: Estimates suggest that AMD's average daily profit could approach $120 million by 2028, compared to just about $1 million three years ago.

• @Benzinga: Raymond James has upgraded AMD to Strong Buy, expecting its CPU market share to surpass Intel's by 2027, citing a 40% upside potential and viewing agent-based AI as the new growth engine for CPUs.

• @PhotonCap: Intel's x86 market share fell below 70% in Q2 2026, while AMD's share hit a record high.

***Bearish

• @FinanceLancelotRaising the question: Has the AMD AI bubble peaked?

***Neutral

• @CheddarFlowDetected unusual call option trading activity exceeding $3 million for both Micron and AMD.

5. $Broadcom (AVGO.US)$| OpenAI's in-house chip challenges NVIDIA, while credit default swaps simultaneously sound the alarm.

Broadcom has been drawn into the most subtle vortex of this round of AI chip competition. On one hand, reports suggest that ASIC chips manufactured by Broadcom for OpenAI have surpassed NVIDIA in performance; on the other, credit default swaps have widened to historic levels, leading the market to question the sustainability of the current AI capital expenditure model with real money.

***Bullish

• @PhotonCapOpenAI's 'Jalapeño' inference ASIC, manufactured by Broadcom, delivers 1.5x to 1.9x higher throughput per watt and reduces latency by 1.7x to 3.6x compared to NVIDIA's GB200/GB300. With power consumption of only 700 watts (versus 1,200–1,400 watts for NVIDIA), it has already begun deployment in OpenAI data centers.

• @Balder13946731The ASIC chips manufactured by Broadcom for OpenAI have entered the testing phase.

***Bearish

• @GlobalMktObservBroadcom's 5-year credit default swap spread widened by 28 basis points this month to approximately 126 basis points, hitting a record high alongside NVIDIA's spread of about 87 basis points. This reflects chipmakers increasingly using their balance sheets to backstop customer AI procurement—Broadcom has already underwritten Anthropic's $35 billion financing package and is negotiating a new round of funding that could reach $100 billion.

• @michaelsikandWatching Broadcom's price turn green for the day, bluntly stated, 'The world has turned upside down.'

***Neutral

• @InvestingVisual: Broadcom accounts for approximately 7.2% of Pelosi's portfolio, making it her third-largest holding.

6. $Intuit (INTU.US)$ | Despite beating expectations on both earnings and revenue, the stock couldn't withstand the "collapse" in guidance, plunging nearly 13% in after-hours trading.

Intuit's quarterly revenue and adjusted EPS both exceeded expectations, accompanied by a significant share buyback program. However, the market focused on only one thing: the sharply lowered FY27 performance guidance. The stock plummeted in after-hours trading, becoming the first major casualty of the tech/software earnings season this week.

***Bullish

• @wallstengine: Q4 revenue came in at $4.35 billion (vs. expected $4.27 billion), and adjusted EPS was $4.03 (vs. expected $3.58), both beating estimates. Revenue grew 14% year-over-year. The company repurchased $5.5 billion worth of stock this quarter (up 96% YoY), with $7.9 billion remaining in its buyback authorization.

***Bearish

• @TrendSpider: The FY27 adjusted EPS guidance was lowered to a range of $22.88–$23.12 (market expectation: $27.32), while the Q1 EPS guidance of $2.44–$2.48 fell far short of the market expectation of $4.04. The stock dropped nearly 13% in after-hours trading.

• @StockMarketNerd: This quarter's revenue growth of 9.5% missed the expected 11%. The overall FY27 guidance is weak. Although part of this is attributed to changes in the accounting treatment of stock-based compensation expenses, the slowing revenue growth remains the market's primary concern.

• @JonahLupton: The guidance is less than ideal. I plan to listen specifically to the earnings conference call to understand whether AI is acting as a tailwind or a drag on the company's business.

***Neutral

• @MarketRebels: Management stated during the conference call that FY27 will see increased investment in new customer acquisition, focusing on business segments that previously lagged in growth, while continuing to expand its Assisted Tax, Money, and Mid-Market businesses.

7. $Bloom Energy (BE.US)$ | The "Congressional Stock God" effect of Pelosi continues to gain traction, with AI power-related stocks rallying collectively.

Pelosi's bullish bet on Bloom Energy, disclosed last month, remains a focal point. As the market shifts its attention to the AI power infrastructure niche, a batch of related stocks rallied together on the same day, creating a strong bullish sentiment with little bearish commentary.

***Bullish

• @joinautopilot: A basket of stocks watched by renowned AI observer Leopold Aschenbrenner rallied collectively today, with Bloom Energy rising 5.1%, additionally $SharonAI Holdings (SHAZ.US)$ up 4.4%, $T1 Energy (TE.US)$ up 3.9%, $NEBIUS (NBIS.US)$ up 3.2%, $IREN Ltd (IREN.US)$ up 3.1%, $SanDisk (SNDK.US)$ up 2.8%.

• @MrMikeInvesting: Included Bloom Energy as one of three picks with "10x potential," setting a target price above $900. The rationale is that its rapidly deployable on-site fuel cell power generation can directly address the electricity shortfall at AI data centers.

• @SergeyCYW: Bloom Energy is benefiting from one of the biggest bottlenecks in AI infrastructure—whether data center power capacity can come online quickly enough.

• @OptionsHawk: Sold Bloom Energy put options to capitalize on high implied volatility, closing the position for a profit of approximately $2,900 within two days.

***Bearish

• No clear bearish sentiment observed today.

***Neutral

• @AntonLaVay: The review noted that the stock's technical performance was previously weak; it even gapped down by 10% the day before the Pelosi news was announced. Subsequently, sentiment reversed strongly when the share price touched its 200-day moving average for the second time.

8. $Micron Technology (MU.US)$| Concerns over the HBM "memory wall" emerge, with institutions continuously signaling accumulation on dips

Amid broad pressure on the memory sector, Micron has stabilized relatively, with institutional funds continuing to build positions on dips. However, the company's own warning about the "memory wall" at the Hot Chips conference has added a layer of concern regarding the sustainability of the current AI computing power surge.

***Bullish

• @growthrapidly: Micron (below $850) is included in the list of ten targets for adding positions on dips. Another list of stocks consistently bought by top fund managers in recent months also includes Micron.

• @CheddarFlow: Detected unusual call option trades exceeding $3 million involving Micron and $Advanced Micro Devices (AMD.US)$ .

***Bearish

• @ThetaWarrior: Sell in-the-money put options on Micron to collect premiums, leveraging high volatility.

***Neutral

• @PhotonCap: At the Hot Chips conference, Micron warned that while AI computing performance triples every two years, HBM bandwidth growth is less than double, causing the "memory wall" gap to widen. Previously, approximately 17% of interruptions during Meta's Llama 3 training were attributed to HBM failures.

• @Jake__Wujastyk: Technical indicators suggest Micron needs a rebound soon, otherwise near-term support will be breached as easily as a hot knife cutting through butter.

9. $Microsoft (MSFT.US)$| Secures initial mass-production racks for NVIDIA's Vera Rubin, with technical stock performance strengthening simultaneously

Microsoft has become the first partner to deploy NVIDIA's Vera Rubin NVL72 into production, solidifying its leading position in this round of AI infrastructure competition. The stock's technical indicators are also signaling a breakout, with bearish sentiment virtually nonexistent.

***Bullish

• @StockSavvyShayMicrosoft secured the first production rack for NVIDIA's Vera Rubin NVL72, marking the transition of the Rubin cycle from roadmap to reality and serving as the starting point for the next wave of AI infrastructure deployment following Blackwell.

• @Beth_KindigAccording to JLL data, under-construction data center capacity in the US has exceeded 66 GW, with West Texas emerging as the leading market. Microsoft, Amazon, Google, Oracle, and NVIDIA are all major participants.

• @ProblemSniperMicrosoft's stock price is breaking out and rising, with bullish expectations for a renewed challenge of the $500 level.

***Bearish

• No clear bearish sentiment observed today.

***Neutral

• @preetkailonThe stock price is attempting to break through the short-term downtrend line. If it can hold above $490, the next target is seen at $505 to $510.

10. $Apple (AAPL.US)$| App Store revenue posts first decline in a decade, while massive dark pool funds sweep in against the trend

Apple's App Store revenue declined for the first time in ten years, forming a stark contrast with record-high app uploads. The market is beginning to worry that AI is dragging down monetization within its services ecosystem. However, on the same day, significant capital was observed sweeping in via dark pools against the trend, and technical patterns have also emerged that warrant attention.

***Bullish

• @CheddarFlowDark pool monitoring detected a large sweep order for Apple consisting of 325,000 shares at a transaction price of $309.32, totaling approximately $100.5 million.

***Bearish

• @unusual_whales、@oguzerkanApple's App Store sales declined for the first time in a decade, while app uploads hit a record high during the same period. This reflects that while AI has boosted productivity, it has not yet translated into revenue growth.

• @Jake__WujastykThe technical chart displays an incomplete head-and-shoulders top pattern. Although the neckline is not clearly defined, the morphological characteristics are still worth noting.

***Neutral

• @Sino_Market、@yuyy614893671: Apple unveiled new Mac mini models equipped with M6/M5 Pro chips (starting at $899) and Mac Studio models with M5 Max/M5 Ultra chips (starting at $2,499/$5,499). Pre-orders are now open, with availability starting September 22.

5. Event Calendar

1. Announced
• $Intuit (INTU.US)$Announced Q4 earnings, with revenue and EPS both beating expectations, but FY27 guidance was significantly lowered, causing the stock to plunge nearly 13% in after-hours trading —@wallstengine、@TrendSpider。

• Dick's Sporting Goods reported Q2 earnings that fell well short of expectations and lowered its full-year guidance, leading to a 31% drop at close, marking the worst single-day performance in the company's history —@DougKass、@StockMKTNewz。

• The US Consumer Confidence Index for August dropped to 89.4 (expected 90.2), and July new home sales came in at an annualized rate of 607,000 units (expected 620,000), both missing forecasts —@LizAnnSonders、@cfromhertz。

• Canada announced reciprocal counter-tariffs on approximately $19.94 billion worth of US goods (raising steel tariffs from 25% to 50%, and imposing additional 15%, 25%, or 50% tariffs on another 700 products), effective September 8 —@amitisinvesting。

2. Today

• NVIDIA is scheduled to report earnings after the US market close today, coinciding with the release of July PCE inflation data —@garyblack00、@InvestingVisual。

• The US Department of Commerce will release energy inventory data today, followed by remarks from Richmond Fed President Barkin —@bespokeinvest。

3. This Week
• $Marvell Technology (MRVL.US)$Earnings are scheduled to be released after the market close on Thursday (August 27) —@InvestingVisual。
• $Salesforce (CRM.US)$ 、 $CrowdStrike (CRWD.US)$ 、 $Okta (OKTA.US)$ 、 $Autodesk (ADSK.US)$ 、 $Workday (WDAY.US)$ 、 $IREN Ltd (IREN.US)$Equivalent to weekly staggered earnings releases —@InvestingVisual、@eWhispers。

• Bloomberg reports that the US plans to impose an additional 7.5% tariff on Chinese goods before the Xi-Trump meeting in September, citing overcapacity. This would bring the total tariff level on China back to approximately 20% —@fxtrader。

• Fed Chair Walsh is scheduled to speak at the Jackson Hole Global Central Bankers Symposium this Friday. His task force is reportedly considering adopting "trimmed-mean PCE" as a reference indicator for inflation —@RealVision。

4. Longer Term

• SpaceX plans to build a new "Starbase, Louisiana" spaceport on Pecan Island, Louisiana, with a total investment of at least $100 billion, aiming to support thousands of Starship launches annually —@StockMKTNewz、@WOLF_Financial。

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This report is based solely on the real public tweets of 386 KOLs within the past 24 hours, with no fabrication; each argument can be traced back to the original posts by @authors. Trending status reflects discussion volume, not sentiment; duplicate posts of the same news by multiple accounts have been consolidated. KOLs represent professional and leading viewpoints, which are not equivalent to retail investor sentiment. Not investment advice.

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