Russell Hackmann on NVDA, AI Trade Weak Points & Fed's Inflation Fight

Russell Hackmann points to negative earnings from Intel (INTC), mixed earnings from Amazon (AMZN), and neocloud funding concerns as "holes" forming in the AI bull case. He gauges the state of the AI trade following the departure of Nvidia (NVDA) CEO Jensen Huang from the company. Russell adds that he believes investors are far too overweight in equities, especially amidst an intensifying fight between the Fed and inflation.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/channel/bb1b75050268416e82a557ff6387bff3/browse

Watch on Vizio - https://www.vizio.com/en/watchfreeplus/catalog/live-tv-channels/3123029569/schwab-network

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – https://twitter.com/schwabnetwork

Follow us on Facebook – https://www.facebook.com/schwabnetwork

Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/

About Schwab Network: https://schwabnetwork.com/about