🔥 NVIDIA, Mixed Signals Ahead of Earnings Report - 2026.07.30

Whoa, the market is shaking again! Yangpa, your macro bull, is here to clear up the entire NVIDIA landscape today. Everyone saw that the Q2 earnings date has been set, right? ^[1] The market is waiting for this announcement with bated breath, but there are quite a few major issues we need to address before then.

🚀 Fundamentals are solid, but is the supply chain shaky?

Did you see how NVIDIA slid right along with SK Hynix when their earnings failed to meet market expectations? ^[2] I haven't been watching the market for 30 years for nothing. It’s a natural course of events for the stock to fluctuate when AI semiconductor supply chain issues pop up. As of the closing price on the 29th, it fell to $190.34.

But look—news also broke that Chinese AI startup Moonshot AI is pushing for ways to secure even more of the next-gen 'Blackwell' chips ^[3]. They say getting your hands on Blackwell is harder than escaping a black hole, and that's not just a bad dad joke! It's proof that global demand itself remains scorching hot.

📉 Guarantee concerns and CDS spikes, the market's warning bell

Of course, there are some uncomfortable corners. The stock dropped -4.99% on the 27th following news that OpenAI is seeking massive loan guarantees for data center rentals ^[6]. Michael Burry also pointed out that NVIDIA's 5-year credit default swap (CDS) premium is soaring parabolically ^[4]. The market is aggressively pricing in risks due to concerns over large-scale debt guarantees.

☕ Movements of the 'Big Hands' and the next turning point

Still, institutions are busy. US asset manager Angeles Wealth Management actually increased its NVIDIA holdings ^[5]. It means there are big players maintaining a long perspective despite the short-term noise.

Yangpa believes that with demand this solid and institutional buying support, the real turning point will be what kind of guidance the company provides in the upcoming Q2 earnings report. Will Jensen Huang be able to dispel market concerns and earn applause once again?

📰 Reference News (5)

2

Nvidia, Micron, AMD sink after SK Hynix results fail to impress, AI trade unwinds - Yahoo Finance

Yahoo Finance · 2026.07.29

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3

Chinese startup Moonshot AI pushes for ways to secure additional Nvidia 'Blackwell' chips - Dong-A Ilbo

동아일보 · 2026.07.29

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4

NVDA, AVGO’s AI Backstops Have One Analyst Worried — Michael Burry Says There’s A Reason Nvidia’s 5Y CDS Are Going ‘Parabolic’ - Yahoo Finance

Yahoo Finance · 2026.07.29

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📺 Reference Videos (1)

6

YouTube

'Infinite money printing?' NVIDIA debt guarantee concerns spark uproar… warnings pour in [Jigeumi News] / YTN

▶ YTN·2026.07.28