Nvidia is reporting fiscal second-quarter results as its AI-driven rally enters a tougher prove-it phase, while Federal Reserve Chair Kevin Warsh prepares his first Jackson Hole speech. Shares have fallen for six straight sessions, the longest decline in four years, despite rising about 1,700% from roughly $11 split-adjusted in late 2022 to the mid-$210s. Bloomberg consensus calls for adjusted earnings per share of $2.09 on revenue of $92 billion, about a 96% year-over-year increase, and Data Center revenue of roughly $85.4 billion. Investors will assess Blackwell and Rubin demand, high-bandwidth memory supply, margins, export rules, custom silicon and Nvidia’s growing financing and infrastructure commitments. The results arrive during a market week also featuring July PCE inflation data, Treasury auctions, eurozone inflation readings, Iran-sanctions measures and Warsh’s first Jackson Hole address, potentially amplifying the reaction across technology stocks and broader risk assets.