Markets Await Nvidia Earnings Amid AI Rally Scrutiny

On Tuesday, the stock market saw modest gains as investors awaited Nvidia`s upcoming earnings report, which is anticipated to provide insights into the strength of the artificial intelligence (AI) sector. Strong consumer confidence data, showing a six-month high, also contributed to market sentiment. Despite this positive news, some analysts cautioned about potential volatility due to chip production delays. Overall, market participants remain optimistic but are prepared for potential market fluctuations depending on Nvidia`s performance. Meanwhile, upcoming economic data, including unemployment figures and inflation measurements, are expected to influence the Federal Reserve`s interest rate decisions in September.