NVIDIA earnings August 26 and Jackson Hole test tech demand
Big week ahead for the markets: NVIDIA drops its earnings on August 26, and the Fed's Jackson Hole symposium kicks off right after.
With NVIDIA leading the AI boom, everyone's watching to see if demand is still strong, especially since rising Treasury yields have been dragging down tech stocks like semiconductors lately.
Kevin Warsh skips policy hints
All eyes are also on Fed Chair Kevin Warsh as he makes his debut at Jackson Hole.
He's shaken things up by skipping traditional hints about future policy, so investors are guessing what he'll do about inflation and interest rates (markets are now pricing in a 35% chance of a September rate hike, with the odds rising to 66% by December).
Plus, NVIDIA recently teamed up with six major financial institutions on financing platforms targeting more than $500 billion for AI infrastructure, so whatever the Fed decides could really shape where tech and markets go next.