Tech Stocks React to Earnings and Settlements

Nvidia's stock soared on strong demand for AI chips, as the company reported record Q2 earnings of $96.2 billion, adding over $400 billion to its market value.

Meta Platforms agreed to an $18 billion settlement addressing lawsuits claiming its platforms harm children's mental health, with critics pushing for more substantial reforms.

The Nasdaq indices pulled back as investors reacted to macroeconomic uncertainty ahead of major earnings reports, while gold prices neared record levels and Bitcoin briefly topped $81,000 before retracing.