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CLOSING BELL
Nvidia Can Trade Chinese Chips... For A Price

The market closed slightly lower Monday ahead of a fresh new CPI inflation reading on Tuesday. It’s about a week after startlingly bad jobs data forced investors and policy makers alike to keep a closer watch on macro data coming down the pike. 

Trump again delayed implementation of Chinese tariffs, and despite ongoing trade drama, things are going well: four out of five S&P 500 companies have reported beating results this season, according to FactSet. 👀

Today's issue covers Nvidia made a deal to pay Uncle Sam 15% to sell chips to China, Gold is (not) on the tariff menu, what to watch in the CPI release, and more. 📰

With the final numbers for indexes and the ETFs that track them, 3 of 11 sectors closed green, with communications $XLC ( ▲ 0.51% ) leading and energy $XLE ( ▼ 0.8% ) lagging.

S&P 500 $SPY ( ▼ 0.2% ) 6,373

Nasdaq 100 $QQQ ( ▼ 0.3% ) 23,526

Russell 2000 $IWM ( ▼ 0.02% ) 2,216

Dow Jones $DIA ( ▼ 0.43% ) 43,9775

EARNINGS AFTER THE CLOSE
Major Stocks Reported Beats, But Today’s Results Would Skew That Perception (They Sucked) 😦 

Despite this earnings season’s high expectations, most stocks beat. You would be pressed to think that watching the after-market moves of these major reports:

BigBear.ai Holdings $BBAI ( ▼ 0.7% ), fell big time after the AI software firm posted a report and outlook that was way below what the Street wanted to see. Revenue was $32.5m in Q2, a miss of nearly $8M. The company’s Virginia-based military and intelligence analytical tech is not hot right now, despite the gains of competitors in the big military data space like $PLTR ( ▼ 2.29% ): BBAI expects a full-year revenue range of about $125M-$140M, while Wall Street analysts wanted at least $160m.

Eastman Kodak $KODK ( ▼ 3.69% ) fell after the printing and imaging company reported a quarterly loss, and said it was going to cut its retirement plan to pieces to help pay off debt. The stock fell as investors were worried it was a sign the company may face bankruptcy, Bloomberg reported. The firm was briefly in bankruptcy proceedings in 2012, left behind by the digital revolution of photography a long time ago. 📉 

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COMPANY NEWS
Nvidia And AMD Will Pay 15% To Sell To China 🦅 

The big news Monday was a reverse tariff deal: Nvidia CEO Jensen Huang and team reportedly reached an agreement with the White House to pay Uncle Sam 15% of their China sales revenue, paying for the right to sell its lower-tech M20 chips. AMD also clinched the deal to sell its M1308 chips.

$AMD ( ▼ 0.28% ) and $NVDA ( ▼ 0.35% ) fell on the news, though analysts said it is better to get in 85% of sales than 0%. Wells Fargo said in a note that it expects the new deal, alongside imports of automated data processing machines, could drive NVDA’s price 20% higher. Nvidia had warned it would lose $8B a quarter on the total block of the chip trade, meaning the firm would pay up $1.2B and keep $6.8B.

“From an investor perspective, it’s still a net positive, 85% of the revenue is better than zero,” Ben Barringer, global technology analyst at Quilter Cheviot, told CNBC.

Speaking at the White House, Trump said he wanted 20%, but Chief Huang gave him a hard bargain. The unusual agreement mirrors a relaxed tariff facing Apple’s India imports after Chief Tim Cook last week made a pledge to spend billions to build touchscreen glass in the U.S.

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POPS & DROPS
Top Stocktwits News Stories 🗞️ 

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: OPEC Monthly Report (7:00 AM), CPI (8:30 AM), EIA Short-Term Energy Outlook (12:00 PM), Federal Budget Balance (2:00 PM). 📊

Pre-Market Earnings: Altimmune ($ALT), Paysafe ($PSFE), Sea ($SE), Bitfarms ($BITF), Circle Internet Group ($CRCL).🛏️

After-Hour Earnings:   Inovio Pharmaceuticals ($INO), Rigetti Computing ($RGTI), LogicMark ($LGMK), Luminar Technologies ($LAZR), CoreWeave ($CRWV). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

📺️ Trump extends China tariff deadline by 90 days

⚡️ Crypto influencers are replacing VCs, and that’s a good thing

👀 Why the "buy American" movement is fading for U.S. consumers

⚠️ July CPI report expected to show inflation accelerated amid tariff pressures

🦳 Trump flip-flops on Intel CEO, calls him ‘success’ days after demanding resignation

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