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Mixed Asian Markets as Nvidia Shares Surge on Strong Earnings and AI Growth Forecast
Asian markets showed mixed trends with Seoul down 1.5%, while Nvidia's strong earnings boosted US tech stocks and AI investment confidence. Federal Reserve Chair Jerome Powell's upcoming speech at Jackson Hole is highly anticipated amid rising Treasury yields and inflation concerns.
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What happened
- 01Asian markets mixed: Nikkei +0.5%, Hang Seng +0.4%, Seoul -1.5%.
- 02Nvidia forecasts 70% revenue growth, shares rise, boosting tech and AI stocks.
- 03Federal Reserve Chair Powell to speak at Jackson Hole amid inflation and yield concerns.
- 04Salesforce and cybersecurity stocks rally on strong earnings and optimistic forecasts.
- 05Marvell shares fall 8% after mixed earnings and weak gross margin outlook.
- 06Oil prices rise slightly amid stalled Strait of Hormuz deal and US-Iran tensions.
Oil prices rose slightly amid Middle East tensions, and Bitcoin gained following Nvidia's report.
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