Overview

• Options markets imply roughly a $260 billion swing in Nvidia's market value after its after-hours report.
• Analysts expect about 53% year-over-year revenue growth to roughly $46 billion, with China exposure and a recent U.S. revenue-sharing deal central to guidance.
• U.S. stock futures were little changed as investors waited to see whether Nvidia can sustain the AI-driven rally.
• Trump ordered the removal of Fed Governor Lisa Cook, her lawyer said a lawsuit will challenge the action, and the Fed said it will abide by any court decision.
• Rates markets shifted toward easing with traders assigning roughly an 84%–87% chance of a September cut as the Treasury yield curve steepened.