Nvidia couldn’t derail the stock market’s rally. Hot inflation might.
AI Summary
Markets have rallied despite Nvidia-related concerns, but hotter inflation and the possibility of a half-point Federal Reserve rate hike could threaten that momentum. The article also notes renewed attention to Anthropic’s valuation ahead of a potential blockbuster IPO.
A Fed official raises the prospect of a half-a-percentage-point rate hike. Plus, fresh valuation focus on Anthropic’s blockbuster IPO.