August jobs report is pivotal for Fed policy; strong data could cement a September rate hike amid rising odds. Broadcom (AVGO) faces elevated downside risk ahead of earnings due to high AI expectations; covered calls are advised for downside protection.
September lines up as the busiest stretch of the AI hardware calendar.
Thornburg Investment Management built its high-conviction approach in Santa Fe, N.M., where Garrett Thornburg founded the firm in 1982.
Broadcom (NASDAQ: AVGO) stock lost around 1% in pre-market trading on Monday, August 24, as risk appetite weakened across large-cap technology stocks due to index futures moving lower.
The AI infrastructure trade keeps accelerating, and three names are flashing the same signal: accelerating orders, expanding margins, and forward visibility that now stretches into 2028.
The AI factory buildout is accelerating into the back half of 2026, and August has brought fresh evidence that hyperscaler capex is picking up, from NVIDIA's $3 billion Lancium investment tying compute directly to power infrastructure to sovereign AI announcements out of Asia.
As the artificial intelligence (AI) race reshapes global markets, investors are looking beyond single-stock concentration and shifting focus toward the broader global supply chains powering the revolution.
The next leg of the AI trade runs through late August and early September, when three of the largest AI infrastructure names step up to report.
AI infrastructure spending keeps accelerating.
August 2026 lands with Q2 earnings season already confirming what the market has been signaling for months: AI capex is accelerating.
Broadcom and Eaton stand out as August picks, as July's selloff resets growth stock valuations while AI and infrastructure demand support the outlook for 2026.
Shares of a number of chipmakers fell today, extending a rough stretch for the AI trade and dragging the Nasdaq lower.