Nvidia Blockbuster Earnings Lift Tech Rally as Deal Pauses Draw Scrutiny
Renewed uncertainty over U.S.-Iran talks pushed oil prices higher and weighed on PayPal after takeover talks collapsed, but Nvidia’s results remained central for AI investors. Strong chip demand and a stronger-than-expected outlook helped reignite the tech rally, though rate-hawk signals could hurt growth stocks. Nvidia also faces scrutiny over AI financing and has paused some deals under a program for AI cloud buyers, while markets look to Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.