Nvidia boosts AI stocks as Jackson Hole takes centre stage

Frank Walbaum

Important news this week

Thu, 27th US Jackson Hole Symposium Begins.

Fri, 28th, 14:30 CET CA Gross Domestic Product.

Nvidia boosts AI stocks as Jackson Hole takes centre stage

Nvidia's latest earnings and outlook came in strong, giving the AI and technology sector another potential boost. Markets are reacting positively so far, with stocks likely to open higher as investors reassess growth expectations. The key question now is whether the optimism can spread beyond AI and support the broader equity rally.
The US Dollar is stronger, putting some pressure on precious metals. Gold is moving lower, while Silver remains broadly sideways. Oil is also weakening, continuing its recent correction and potentially reflecting fading geopolitical risk premiums and profit-taking.

Market talk

The focus now shifts quickly to Jackson Hole, which could provide the next major market catalyst. Investors will be watching closely for signals on the future path of US interest rates and inflation. A dovish tone could weaken the Dollar further and support stocks, Gold and crypto, while a more hawkish message could trigger profit-taking after the recent rally.
For now, Nvidia has provided the market with a fresh reason to push higher. If the S&P 500 and Nasdaq follow through today, the recent bullish momentum could continue. However, with markets already near elevated levels, Jackson Hole could determine whether this becomes another leg higher or simply another opportunity to take profits.

Tendencies in the markets

Equities mixed, USD stronger, crypto sideways, oil lower, XAU lower, XAG, sideways, JPY weak.

Author

Frank Walbaum

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