SOXX is trading 2.15% higher today after NVIDIA reported $96.2 billion in quarterly revenue, up 106% year over year, and signaled continued strength in AI-computing demand.
- Results exceeded expectations, reinforcing the semiconductor investment cycle and lifting chipmakers and AI-networking stocks.
- The Nasdaq Composite is up 0.70% as technology firms strengthen.
- Investors are watching Jackson Hole and Marvell’s earnings later on August 27, though NVIDIA remains the dominant catalyst.