Morning Brief
Stocks stall near highs, Home Depot beats trend, SoftBank backs Intel
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Show notes
US markets pause near record levels as investors await Fed Chair Powell’s Jackson Hole speech, with traders betting on a September rate cut. Home Depot (HD) rises after July trends improve, offsetting an earnings miss. SoftBank invests $2B in Intel (INTC), while Nvidia (NVDA) develops a new AI chip for China to work around export restrictions.
Takeaways:
Stocks hover near record highs as Fed policy signals remain in focus
Home Depot gains despite weaker results, buoyed by small project demand
SoftBank bets $2B on Intel turnaround, boosting semiconductor sentiment
Nvidia working on China-specific AI chip amid US export curbs
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