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2025.08.2713:34:02UTC+00Stocks Hold in Tight Range Ahead of Nvidia

On Wednesday, U.S. stock markets hovered near the flatline, continuing the week's trend of narrow trading margins while remaining near record highs. Investors are eagerly anticipating Nvidia's earnings report, set to be released after today's market close, as it serves as a key indicator of global demand for artificial intelligence and investor confidence. All three major indices wavered around the flatline. Nvidia itself remained steady, with projections pointing towards a 37% rise in earnings for the company's second fiscal quarter. However, market participants are poised to analyze CEO Jensen Huang's outlook regarding AI revenue projections, amid heightened concerns about overvaluation in tech sectors. Additionally, Huang's perspective on U.S.-China trade restrictions will be of particular interest. In contrast, shares of MongoDB soared 30%, and Okta gained 4%, following both companies surpassing Wall Street projections, spurred by increased demand from firms developing AI platforms. Cracker Barrel also saw a notable 7% increase after announcing the removal of its new logo, following negative feedback from customers and former President Donald Trump.

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