Nvidia Gains as AMD, Alphabet Slide on AI Shakeup

Sina Published August 6, 2026 Updated August 6, 2026 0

Market Context

Nvidia picks up SpaceX's chip business while AMD and Alphabet stumble on leadership and demand worries. Gold posts its best day since February as soft jobs data and Fed tension set up a pivotal payrolls print.

Newsletter – August 06, 2026

Market Analysis & Trading Insights

August 06, 2026

Market Overview

Wall Street is showing a split personality today. The Dow keeps grinding to fresh records while the Nasdaq lags as the AI trade takes another gut-check [1][2][3]. Alphabet dropped roughly 4% after AI veteran Jeff Dean left for a startup and DeepMind went through a leadership reshuffle, reviving fears Google could fall behind in the AI race [4], even though Cloud revenue is still up 82% and Gemini usage keeps climbing [5][6]. AMD took the harder hit, tumbling near 7% after Elon Musk confirmed SpaceX will use Nvidia chips exclusively going forward, which pulled a chunk of AMD's AI…

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Key Levels & Market Scenarios

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