Dietze: All Eyes on NVDA Earnings, Bullish on KHC, SLB, MOH

Sell off pressure is coming for tech this week, with Softbank selling out of Nvidia (NVDA), Michael Burry shorting tech, and fears around an AI bubble. David Dietze covers the fears roiling the market and says all eyes are on Nvidia (NVDA) earnings next week. If they miss, or they don’t beat the “whisper numbers” of the market, he thinks the whole market could sell off. “What scares me is the epicenter…OpenAI,” he adds, noting its hundreds of billions of dollars in spending vs its path to profit. He likes Kraft Heinz (KHC), SLB (SLB) and Molina Healthcare (MOH).

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