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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Consumer Tech News (August 25–August 30): Nvidia Shines but Stocks Wobble on Hotter Core PCE; AI Bets Accelerate, EVs Face Headwinds

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Despite a strong quarter from NVIDIA Corporation (NASDAQ:NVDA)—now the world's largest public company—U.S. stocks lost momentum by week's end.

Markets are recalibrating—AI euphoria is giving way to caution as traders re-price Fed cuts on hotter core PCE and a wider goods deficit.

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