Nvidia Earnings and Jackson Hole Symposium Test Stock Market Rally Assumptions

Nvidia's earnings report and the Federal Reserve's Jackson Hole symposium are set to test the assumptions behind this year's stock market rally.

Global bond yields have surged, with the 30-year Treasury yield reaching its highest level since ​2007, putting pressure on stocks and raising concerns about borrowing costs for households and companies investing in AI infrastructure.

Nvidia, a major player in the AI ecosystem, reports second-quarter results on August 26. The company's earnings could offer new insight into demand underpinning that sector.

Fed Chair Kevin Warsh will address investors at Jackson Hole, where he is expected to provide clarity on monetary policy and articulate his long-term strategy.