AI Stock Frenzy: Nvidia’s Record Rally, Surprise Surges & Setbacks Rock Markets (Aug 28–29, 2025)
Key Facts August 28, 2025 – AI Hype Hits New Heights Nvidia’s Big Beat and Market Rally: Thursday brought a euphoria of AI-driven gains on Wall Street. Nvidia’s blowout earnings (revenue up 56% year-on-year) confirmed that demand related to AI technology remains strong,” even though Nvidia’s forecast excluded China due to export uncertainties reuters.com reuters.com. The chip leader’s shares dipped just 0.8% on those cautious forecasts reuters.com, but investors seized on the bigger picture: AI spending is still surging. The S&P 500 jumped 0.3% to a record high (Nasdaq +0.5%), extending a rally that has repeatedly driven indexes to new