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Tech Jumps as Jensen Delivers
Nvidia delivered a blockbuster — $92B in quarterly revenue (+106% Y/Y) and 70% forward growth guidance — adding $440B in market cap and carrying Wall Street higher while every other sector fell. Salesforce surged 23% on its Anthropic "Claudeforce" partnership and CrowdStrike jumped 20%, giving the software ETF its best day since April 2025. But the gap between U.S. and Aussie tech is now 40% wide.
Meanwhile, core PCE inflation held at 3.3% — well above target — keeping rate hike talk alive ahead of Fed Chair Warsh's Jackson Hole keynote. Oil climbed 2% as Iran diplomacy stalled, gold held…
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