Nvidia is set to report its fiscal Q2 earnings on Aug. 27. The company’s earnings will be the most important event this week.

At its peak, China Evergrande Group was worth more than $50 billion. But it all came crashing down in 2021. It was massively in debt and unable to complete some existing projects.

US stocks close lower before Nvidia earnings this week. Analysts will focus on guidance and signs the AI market remains robust.

Also in today’s newsletter, Musk’s xAI sues Apple and OpenAI, and Evergrande delisted from Hong Kong stock exchange ...