Nvidia & Google ALL TIME HIGHS, Big Tech Earnings This Week, Can Semis Keep Rallying? | Daily Recap

Amit Kukreja•Aug 9, 2026

Summary

Amit provides a comprehensive outlook on what Amit calls one of the craziest weeks of 2026, driven by a heavy earnings calendar and a Federal Reserve meeting. Amit highlights that despite rising oil prices and geopolitical tensions, the market is hitting new highs because investors are prioritizing earnings growth and AI-related capital expenditure. Amit notes that profit margins are expanding as companies leverage AI for greater operational efficiency, which Amit believes justifies the current bull market valuation.

In addition to the macro outlook, Amit discusses the shifting landscape of AI partnerships, specifically the new non-exclusive agreement between Microsoft and OpenAI. Amit asserts that this change is bullish for the entire cloud sector, as it allows OpenAI to diversify its revenue streams and partner more deeply with companies like Amazon and Google. Amit also points to the U.S. administration's use of the Defense Production Act to prioritize AI infrastructure as a national security issue, suggesting long-term government support for the sector.

NVDA: Amit notes that Nvidia reached the $216 level, acting as the heart of the AI revolution. Amit emphasizes that the global demand for compute is inevitable and that market momentum is shifting heavily toward the semiconductor ecosystem. Amit views the stock as a primary beneficiary of record-breaking numbers and continued inflows.

GOOGL: Amit highlights Google's climb past the $350 mark, supported by a 48% year-over-year growth in Google Cloud Platform (GCP). Amit mentions that Google's stake in SpaceX and the stability of its search business are key components of its strength. Amit suggests that the non-exclusive OpenAI deal further benefits Google's cloud prospects.

META: Amit identifies Meta as the most attractively valued big tech stock, currently showing a re-acceleration of growth at 30% or more. Amit notes that Meta is successfully integrating AI directly into its core advertising products to drive revenue. Amit also mentions that potential layoffs of 8,000 employees could further improve earnings per share and offset compute costs.

AAPL: Amit observes strong consumer demand for the iPhone 17 Pro Max, noting it was sold out at local stores during Amit's personal visit. Amit believes the upcoming upgrade cycle will be robust and that Apple remains the leader in unit sales despite a broader smartphone slowdown. Amit looks forward to potential AI and Siri updates at the WWDC to drive future stock momentum.

MSFT: Amit discusses Microsoft's current price around $425 and the rollout of Copilot to massive organizations like Accenture. Amit explains that the end of the revenue-share agreement with OpenAI is financially bullish for Microsoft. Amit considers Microsoft a key long-term AI play, despite temporary skepticism from some hedge fund managers.

Summary

Mentioned Stocks