SPY is trading at $771.80 (+0.75%) after NVIDIA beat expectations, reinforcing AI-spending optimism.
- NVIDIA reported $96.22 billion in revenue and $2.22 adjusted EPS, and forecast roughly 70% revenue growth for fiscal 2028.
- The outlook lifted semiconductor and software shares, supporting the S&P 500’s technology-heavy composition.
- Investors are watching the August 27–29 Jackson Hole symposium for Federal Reserve policy signals; subdued volatility and limited economic data leave earnings spillover the primary catalyst.