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Stocks Steady After Record High; Nvidia Forecasts Decelerating AI Growth | Bloomberg Brief 8/28/25
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August 28, 2025
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48:07
43:29Now PlayingUS equity futures stall its rally after the S&P 500 notched another all-time high, shaking off doubts about AI from Nvidia's earnings. The world's most valuable company gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in AI spending. Jordan Rochester of Mizuho says Fed Chair Powell has raised the bar for a September rate cut. Katrina Dudley of Franklin Templeton believes the Magnificent Seven isn't doing the heavy lifting in the market anymore. Frank Lee of HSBC cites Nvidia's high expectations as the reason for its post-earnings price drop. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
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