MARIEMarie Rose Price

On August 26, IMF President Kristalina Georgieva urged governments to address the rising fiscal risks, stating, "All countries need to tackle their fiscal issues and develop and publish credible plans to ensure that debt and deficits are on a sustainable path." She also called on central banks to "remain highly focused on their price stability mandate." Georgieva noted that the global economy is under pressure from high inflation and trade tensions, but growth driven by investments in artificial intelligence has partially offset the impacts. However, rising bond yields and stagnating inflation indicate that the economic outlook remains highly uncertain. She mentioned that the energy shocks triggered by the Iran conflict are not over, and the global economy is facing a tug-of-war between "negative supply shocks from the Middle East" and "positive demand shocks from artificial intelligence." She also warned that risks related to energy supply, El Niño weather patterns, and the impact of AI on financial stability remain significant.

On August 26, IMF President Kristalina Georgieva urged governments worldwide to address the rising fiscal risks, stating that "all countries need to tackle their fiscal issues and develop and publish credible plans to ensure that debt and deficits are on a sustainable path." She also called on central banks to "remain highly focused on their price stability mandate." Georgieva noted that the global economy is under pressure from high inflation and trade tensions, although growth from investments in artificial intelligence has partially offset the impact. However, the rise in bond yields and the stagnation in declining inflation indicate that the economic outlook remains highly uncertain. She mentioned that the energy shocks triggered by the Iran conflict are not yet over, and the global economy is facing a tug-of-war between "negative supply shocks from the Middle East" and "positive demand shocks from AI." She also warned that risks related to energy supply, El Niño weather patterns, and the impact of AI on financial stability remain significant.

On August 26, Franklin Templeton portfolio manager Sara Alagi stated that NVIDIA investors are looking for more than just an 'earnings beat' in the upcoming report; they want 'specific details' on how the company deploys capital and maintains spending plans, as well as a future roadmap. She noted that NVIDIA's expected price-to-earnings ratio for the next 12 months is around 21 times, and the market is already pricing in expectations of slowing growth, with 'growth set to slow down, and the market looking ahead to next year.' Alagi emphasized that NVIDIA needs to demonstrate earnings growth to prove that the company has free cash flow available for investments and stock buybacks. She also pointed out that NVIDIA's approximately 75% gross margin is 'very unusual' for a hardware company and will be closely monitored in the context of rising input costs. NVIDIA is raising prices to offset higher memory costs, with reports indicating that server prices based on the Vera Rubin and Grace Blackwell architectures will increase by over 15% in early 2027.