US Stock Market: Nvidia earnings, Jackson Hole to test strength of AI-led stock rally

Nvidia’s earnings report and the Federal Reserve’s Jackson Hole symposium are set to test the assumptions underpinning this year’s stock market rally, as investors assess whether the artificial intelligence-driven surge in equities can withstand rising uncertainty over economic growth and interest rates, according to a report by Reuters.

Global bond yields surged last week, with the 30-year U.S. Treasury yield climbing to its highest level since 2007. The sharp move has pressured stocks and raised concerns about borrowing costs for households and companies investing heavily in AI infrastructure.