Nvidia Corp’s (NASDAQ:NVDA) earnings and the Federal Reserve’s Jackson Hole meeting are setting up a potentially pivotal week for ETF investors, with one catalyst reinforcing the AI boom and the other testing whether markets can withstand higher-for-longer interest rates.
Nvidia Keeps AI ETFs in the Spotlight
Nvidia’s earnings are expected to provide another test of whether the AI spending boom has further to run.
"The supply/demand environment for AI computing infrastructure remains extremely tight," said John Belton, portfolio manager at Gabelli Funds, who expects Nvidia to deliver another beat against guidance.
Belton pointed to rising demand for cloud-based computing, noting that Nvidia A100 rental prices at major public clouds have risen about 15% over the past three months and 20% since the start of the year.
