Trump EXTENDS THE CEASEFIRE, Kevin Warsh Gets GRILLED, The BULL MARKET Continues | Daily Recap

Amit Kukreja•Aug 9, 2026

Summary

Amit analyzes the current market landscape, focusing on two primary drivers: the shifting leadership at the Federal Reserve and the ongoing negotiations with Iran. Amit states that the nomination of Kevin Warsh as Fed Chair is significant because of Warsh's deep connections to Big Tech and his belief that AI will act as a major deflationary tailwind. Amit argues that this perspective is favorable for investors, as it suggests a macro environment conducive to rate cuts and higher premiums for growth equities.

Amit also discusses the geopolitical situation, noting that Donald Trump has extended the ceasefire with Iran indefinitely. Amit argues that while internal infighting in Iran creates mixed signals, the market's reaction to the ceasefire extension has been positive, with after-hours trading moving into the green. Amit states that institutional demand remains exceptionally high, with hedge funds increasing their tech exposure to the highest levels in five years. Amit highlights that 'panic buying' in the semiconductor sector and a trend of markets outperforming when at all-time highs suggest continued upward momentum.

Regarding specific stocks and sectors:

Palantir (PLTR): Amit states that Kevin Warsh’s history with CEO Alex Karp and his deep understanding of the tech sector provide a positive backdrop for the company. Amit notes that Warsh’s pointed questions in past interviews with Karp helped build Amit's conviction in Palantir’s long-term potential. Amit argues that the support for Warsh from leaders like Karp and Peter Thiel signals a friendly environment for AI-focused companies.

Nvidia (NVDA): Amit states that Nvidia is currently holding its momentum in the $200 price range amidst significant institutional buying. Amit argues that the money flowing into Nvidia and other 'Mag 7' stocks represents genuine long-term demand rather than simple short covering. Amit mentions that Nvidia remains a core component of the massive $5 billion inflow recently seen in the semiconductor sector.

AMD: Amit notes that AMD recently reached a level of $280, benefiting from the broader 'panic buying' in the semiconductor space. Amit states that the current monthly inflows into semiconductor ETFs like SMH and SOXX are the highest seen since 2019. Amit argues that as long as earnings deliver, AMD and its peers are likely to maintain their aggressive growth trajectory.

Mentioned Stocks

NVDA

Sentiment: BUYAction: RECOMMENDED

Reasoning: Amit states that Nvidia is benefiting from historic levels of institutional buying in the technology sector. Amit argues that the stock is successfully holding the $200 range and that current inflows represent genuine demand for high-growth tech assets.

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AMD

Sentiment: BUYAction: RECOMMENDED

Reasoning: Amit highlights that AMD reached a price of $280 due to 'panic buying' in the semiconductor space. Amit states that the massive inflows into semiconductor ETFs suggest that the sector's momentum is likely to continue as long as earnings remain strong.

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PLTR

Sentiment: BUYAction: RECOMMENDED

Reasoning: Amit states that the potential Fed Chair Kevin Warsh has a strong connection with CEO Alex Karp and understands the business deeply. Amit argues that this alignment, combined with Warsh's belief in AI as a deflationary force, reinforces long-term conviction in the stock.

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