Will bulls persist next week?

$NVIDIA Corp(NVDA)$   will be announcing its latest quarterly earnings on 29 August. Hopefully, the artificial intelligence chip maker will bring cheers to the semiconductor market when it posts its earnings results. Nvidia is undeniably the market leader for the most powerful artificial intelligence chips highly sought after to build, train and deploy artificial intelligence models by numerous companies around the globe. I believe that the industry is still in an early stage of AI adoption when companies are testing their AI products and services. Nvidia is currently the leader in the AI chips industry with an 84% market share and will have a long runway for further growth as AI adoption grows over time. While $Advanced Micro Devices(AMD)$ has been playing second fiddle to the AI behemoth maker, I believe that the fast-growing AI market will be able to accommodate both.

I like Elon Musk's vision to transform $Tesla Motors(TSLA)$   into an artificial intelligence colossus over time. Growing electric vehicles sales, soaring energy storage revenues and a future filled with its humanoid robots are signs of rising market dominance of the EV technology leader. Prevailing short-term price weakness may present an opportunity to accumulate for long-term growth.

A rebound may be in sight for the Chinese EV startup trio $NIO-SW(09866)$  , $XPENG-W(09868)$   and Li Auto, as the Chinese EV industry set its eyes to dominate the global market. With the prevailing price war easing, hopefully, this will reverse the downward spiral in profit margins among the Chinese EV makers and help to improve their profitabilities. With the improving Chinese economy, I expect the trio's deliveries of new EVs to improve over time as well. Furthermore, the Chinese EV trio has already been turning their eyes to foreign markets for diversification and growth. Hence, I believe that their prevailing stock price weaknesses in the near term present buying opportunities for long-term growth of the Chinese EV trio.