Nvidia Shares Fall After Tech Rally on US CPI Data

Global stocks rallied as a drop in oil prices and strong tech earnings lifted sentiment ahead of the US inflation report, though Nvidia shares declined after hours. The S&P 500 posted its best day since April with the Nasdaq gaining 2.7 percent while Brent crude futures fell below $90 per barrel on hopes for peace talks between the United States and Iran. In contrast to the broad market gains, reports indicate that Nvidia faced downward pressure following an after-hours session despite CoreWeave results attempting to alleviate fears of an AI bubble.