Nvidia earnings are so important this week, um , but it, it is, it is in a tough place. It's in
a tough place where it's had great results. It's not trading in an elevated valuation,
right? 19 times forward earnings expectations. So there's maybe room for, for a surprise
upside in Nvidia. That said, the bulk of analysts following Nvidia already have buy
ratings on it, and it's almost 8% of the S&P 500, it doesn't seem like there's a lot of room
for active managers to add more to Nvidia. So I think what we're really looking for is, is,
is two key factors. So, one, what is the demand for chips really, right? How is that,
how is that playing out? Is it as robust as we're seeing from other people? That'll be such
an important factor in this AI story. 2, Nvidia has been very much at the center of
concerns about circular financing in the artificial intelligence space, right? They've
put together a consortium to lend money to, to businesses to buy their chips. Right, I think
there's a lot of questions the street really has and would like to have answered about how
is that working and should we be less concerned than maybe we were initially about
that, that financing arrangement? Because certainly, what we've seen is a rampant
corporate debt issuance in the month of August , right? Where I think we're gonna be at about 1
trillion.5 in new corporate debt in 2026. That is a lot of money competing.
For competing for investor attention and it seems like it's pushing, especially long-term
interest rates higher here in the US. So, there is a lot of need for, for investment and
is Nvidia's financing solution going to help solve that problem or add to it.