Last week, the S&P 500 almost reached an all-time high, and the NASDAQ set two new records. A major factor contributing to this positive trend was an agreement between the White House and NVIDIA Corporation (NVDA) to implement a 15% fee for selling NVIDIA’s H20 chips in China. This announcement came as the tariff pause deadline with China approached on Tuesday.
As of last week, 90% of S&P 500 companies reported earnings, with 81% exceeding both earnings and revenue expectations, resulting in an S&P 500 earnings growth rate of 11.8%.
Looking ahead, NVIDIA is set to release its earnings on Wednesday, August 27, after the market closes, which is highly anticipated due to its CEO’s comments about the potential of Physical AI, deemed a significant opportunity estimated at $20 trillion.
