Stocks
Nvidia Earnings Preview Sparks Rally in US Tech Stocks
The US stock market rebounded on Tuesday, August 25th, after a mixed performance the previous day. Major indexes closed higher, led by gains in technology stocks and dropping oil prices.
Nvidia shares rose over 2%, snapping a 7-day losing streak, as investors await its quarterly earnings report on Wednesday. The company's revenue is projected to nearly double year-over-year to around $92 billion, serving as a key test for the heavily invested AI sector.
The Technology sector showed strong performance in semiconductors, driven by gains in major names like NVDA and AMD. However, other mega-cap tech stocks lagged slightly, including MSFT and AMZN.