TRUMP WANTS TO KEEP NEGOTIATING, MARKETS GETS CLOSE TO THE HIGHS, AMAZON HITS $250 | Daily Recap

Amit Kukreja•Aug 9, 2026

Summary

Amit analyzes the current market momentum, noting that the S&P 500 has achieved ten consecutive green days and is less than 0.5% away from its all-time high. Amit attributes this rally to the shift from fear of war to the probability of negotiations between the U.S. and Iran, which has caused oil prices to drop significantly. Amit highlights that while short covering by hedge funds is a factor, the primary driver is net new capital flowing into high-quality technology stocks as macro conditions stabilize.

Amit emphasizes that earnings growth is the most critical metric for investors to watch, regardless of interest rate fluctuations. Amit notes that recent earnings beats from major banks like Citigroup and JPMorgan provide evidence of a robust economic backdrop. Amit predicts that if the Q1 earnings cycle remains strong and geopolitical overhangs continue to fade, the bull market will have substantial room for further expansion.

**Amazon (AMZN):** Amit believes that Amazon is one of the most important companies globally, highlighting that its operating margins are poised to double from 11% to 22% due to robotics and AWS acceleration. Amit notes that the stock has traded at its lowest EV/EBITDA ratio in history recently, making the move to $250 a significant milestone. Amit also points out that Amazon's entry into the satellite sector via a potential Globalstar acquisition adds a new layer of long-term value.

**Nvidia (NVDA):** Amit describes Nvidia as being fundamentally too cheap and notes that it has been Amit's primary purchase throughout the year. Amit argues that while smaller AI-related stocks are seeing massive runs, Nvidia deserves a higher premium that the market is only just beginning to reflect. Amit views the current price around $196 as an opportunity created by temporary market hesitation that is now being corrected by fresh capital inflows.

**Palantir (PLTR):** Amit states that Palantir remains a strong hold despite the volatility in the broader software sector caused by new AI model releases from competitors like Anthropic. Amit highlights that the company is successfully navigating enterprise workflows and continues to catch a bid while other peers flip red. Amit recently deployed capital into Palantir, viewing it as a high-conviction play within the AI and data analytics space.

Mentioned Stocks

AMZN

Sentiment: BUYAction: RECOMMENDED

Reasoning: Amit highlights accelerating AWS growth, an Anthropic stake, and a massive chip business as key drivers. Amit believes operating margins will double due to robotics, leading to a doubling of free cash flow, and notes the stock is historically cheap on an EV/EBITDA basis.

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NVDA

Sentiment: BUYAction: BOUGHT

Reasoning: Amit states this has been the number one stock Amit has bought all year because it is simply 'too cheap' relative to its importance. Amit argues that Nvidia deserves a significant premium compared to other running AI plays like Oracle or Micron.

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PLTR

Sentiment: BUYAction: BOUGHT

Reasoning: Amit mentions buying Palantir recently, noting its strength even as other software stocks like Salesforce and ServiceNow faced pressure from new AI model announcements. Amit sees it as a resilient leader in enterprise AI.

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ORCL

Sentiment: BUYAction: BOUGHT

Reasoning: Amit mentions buying Oracle recently, citing its strong momentum and association with successful deals like the one with Bloom Energy. Amit views it as part of the core group of companies benefiting from current capital inflows.

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IREN

Sentiment: BUYAction: BOUGHT

Reasoning: Amit explicitly states buying 'Ren' (IREN) because the stock appeared to be significantly oversold and investors were overly pessimistic. Amit views it as an opportunity to buy the dip during a broader market recovery.

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