US markets pause near record levels as investors await Fed Chair Powell’s Jackson Hole speech, with traders betting on a September rate cut. Home Depot (HD) rises after July trends improve, offsetting an earnings miss. SoftBank invests $2B in Intel (INTC), while Nvidia (NVDA) develops a new AI chip for China to work around export restrictions.

Takeaways:

Stocks hover near record highs as Fed policy signals remain in focus

Home Depot gains despite weaker results, buoyed by small project demand

SoftBank bets $2B on Intel turnaround, boosting semiconductor sentiment

Nvidia working on China-specific AI chip amid US export curbs

Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.

Thoughts? Questions? Fan mail? Please email us at [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices