Nvidia Earnings and Aug. 27 Jackson Hole Test AI Rally as 30-Year Yield Hits 2007 High
Updated
Updated · Yahoo Finance · Aug 21
Nvidia Earnings and Aug. 27 Jackson Hole Test AI Rally as 30-Year Yield Hits 2007 High
3 articles · Updated · Yahoo Finance · Aug 21
Summary
Nvidia’s Aug. 26 results and the Fed’s Aug. 27-29 Jackson Hole symposium are the next major tests for a stock rally increasingly tied to AI spending and rate expectations.
30-year Treasury yields climbed to their highest since 2007 this week, pressuring equities and reviving concern that higher borrowing costs could curb households, companies and AI infrastructure investment.
The S&P 500 is down this week and sits about 2% below its record high, while the Philadelphia chip index has fallen roughly 5% as rising yields weigh on semiconductor shares.
Nvidia’s report matters beyond one company because its chips anchor the AI buildout, and it recently joined six major financial institutions on platforms targeting more than $500 billion for AI infrastructure financing.
Jackson Hole will also mark Fed Chair Kevin Warsh’s first appearance there since taking office in May 2026, giving investors a closely watched chance to gauge his policy framework after stepping back from forward guidance.