Nvidia's blockbuster earnings are widely anticipated, but with the stock already up around 20% this year and the bar set sky-high, markets are bracing for volatility either way. All of this plays out against a backdrop of U.S. inflation potentially heading above 4%, rising bond yields, and a looming potential strike at Samsung that raises fresh questions about labor's place in the AI economy.

Today’s recommended read: Bond yields may finally be baking in an AI world, Mike Dolan

Today’s recommended read: Warsh's arrival leaves long bonds without a safety net, Mike Dolan

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