Nvidia’s big week starts with a slide

Welcome to LazyListen. This is The Daily Rip for today. Tech stocks took a hit Monday as investors braced for Nvidia’s big earnings report this Wednesday.

The chip sector led the selloff, with Nvidia’s stock sliding for a seventh straight day, signaling that expectations are sky-high. Adding to the pressure, a report that Apple might source memory chips from China sent shares of SanDisk, Micron, and Western Digital lower before Nvidia even spoke. Meanwhile, defensive sectors quietly held up the broader market, preventing a sharper decline.

S. issued warnings and compliance deadlines to countries still trading with Iran. Oil prices reacted by dropping more than two percent, reflecting skepticism that the sanctions will have an immediate impact.

Brent crude settled just over ninety-two dollars a barrel, while West Texas Intermediate closed near eighty-five dollars. The cautious approach aims to avoid disrupting global trade and spiking crude prices, especially since Iran’s biggest trading partners haven’t yet been named or penalized. Turning back to the chip space, Nvidia’s upcoming earnings are the focal point.

Wall Street expects nearly ninety-two billion dollars in revenue and adjusted earnings of about two dollars and nine cents per share, roughly doubling year over year. Some analysts are even more optimistic, forecasting revenue closer to ninety-four or ninety-five billion dollars. Key watch points include the rollout of Nvidia’s new graphics chips, known as the GB300 series, and whether gross margins can hold near seventy-five percent despite ongoing supply constraints.

Investors are split: some see the recent stock slide as a rare warning sign ahead of earnings, while others expect a typical rally into the report followed by a pullback. In other chip-related news, memory chipmakers SanDisk, Micron, and Western Digital took a hit amid concerns about Apple’s potential shift to Chinese suppliers. This adds a layer of geopolitical risk to an already volatile sector, as supply chain dynamics remain in flux.

Outside semiconductors, Regenxbio, a gene therapy company, faced a setback after the FDA placed a clinical hold on its RGX-121 program due to findings of benign nodules in treated patients. While these findings are considered nonserious, the hold delays the company’s near-term plans to resubmit the therapy for approval. Shares plunged nearly twenty-five percent on heavy volume, cutting Regenxbio’s market cap to around half a billion dollars.

The company still plans to advance other programs, including a Duchenne muscular dystrophy treatment and data on a wet AMD therapy later this year. Looking at quick movers, Gorilla Technology’s shares fell over eight percent despite reporting strong first-half revenue growth and raising its 2026 outlook. The decline reflects concerns about widening losses and whether contract gains can outpace stock-based compensation and financing needs.

S. cloud customer. However, the deal includes warrants issued at a nominal price, sparking debate among investors about the true value versus dilution risk.

Arbutus launched a 230 million dollar Dutch-auction stock buyback using cash from a recent settlement but saw shares slip slightly as investors debated whether the buyback meaningfully reduces supply or just sets a price ceiling. Tesla shares pulled back four percent amid news it stopped selling its older premium solar roof tiles. Investors are weighing this against excitement for the upcoming Cybercab robotaxi launch and ongoing concerns about recalls in China.

The stock’s decline is seen by some as a shakeout ahead of a key autonomy story, but questions remain about how many product setbacks the company can absorb. m. , and the Conference Board’s Consumer Confidence Index also at ten.

Earnings-wise, watch for pre-market reports from Nano X Imaging, EHang Holdings, Dick’s Sporting Goods, and Vipshop, with after-hours results from Zoom Communications, Intuit, Box, Semtech, and Qfin. In summary, the market is navigating a mix of high expectations for Nvidia, geopolitical uncertainty around Iran sanctions, and sector-specific developments in chips, biotech, and tech hardware. Oil’s retreat and cautious sanctions enforcement underscore the delicate balance in global trade and energy markets.

Investors are bracing for a pivotal week, with Nvidia’s earnings set to be a major market mover. Thanks for listening. Catch you next time on LazyListen.