NVIDIA reported quarterly results that beat expectations with revenue of $96.2 billion, up 106% year-over-year, and earnings per share of $2.22. Core PCE inflation held steady at +0.2% monthly and +3.3% annually, exactly in line with economists’ forecasts. The S&P 500 closed the regular session slightly lower at 7,675.70 points amid broader valuation concerns tied to the index’s heavy concentration in AI-linked names. NVIDIA shares jumped 4.32% in after-hours trading to $218.72, even as the stock closed down 1.59% at $209.66 during the regular session. Fed Chair Kevin Warsh’s speech at Jackson Hole on Friday represents the next major catalyst for markets.
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