On today's Morning Brief, hosts Brad Smith and Madison Mills delve into key market themes, including Nvidia's (NVDA) highly anticipated earnings report, pressures in the cryptocurrency market, and retail sector performances.

The main spotlight is on Nvidia as the semiconductor giant prepares to release its second-quarter earnings after the closing bell. While the majority of Wall Street carries a bullish stance on the name, The Bahnsen Group chief investment officer David Bahnsen joins to explain his bearish view on Nvidia, citing the company's high valuation as a primary concern.

The hosts then navigate through a series of trending tickers and company updates. Notable mentions include the J.M. Smucker Company (SJM), Nordstrom (JWN), Chewy (CHWY), and crypto asset bitcoin (BTC-USD), which has seen its price dip below $60,000 in Wednesday's trading session.

Finally, focus shifts to the retail sector, following earnings reports from industry giants Kohl's (KSS), Foot Locker (FL), and Abercrombie & Fitch (ANF). CFRA Analyst Zachary Warring joins to analyze what these earnings reveal about consumer health and overall retail sector trends.

This post was written by Angel Smith