The Nasdaq Composite advanced on August 25, with technology shares rebounding after a period of chip-stock anxiety. Investors are positioning ahead of Nvidia’s fiscal second-quarter earnings, due on August 26, with consensus estimates calling for adjusted EPS of $2.09 and revenue of approximately $92 billion, representing roughly 97% year-over-year growth. The same day will bring the July Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge. CrowdStrike is also reporting on August 26, adding another variable for tech-heavy portfolios.
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