Nvidia's growth gamble

Wall Street rewarded Nvidia after another blockbuster quarter and a bold 2027 growth forecast adding fresh fuel to the AI boom. Investors are watching Jackson Hole after fresh PCE inflation data kept pressure on the Federal Reserve. Plus, oil prices fell as markets bet diplomacy could ease disruptions around the Strait of Hormuz.

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Today's recommended read: Monetarist resurrection, or timely rethink of inflation targeting? by Mike Dolan

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