Nvidia's market cap tumbles
Disappointment over Nvidia’s profits slashes the chip titan’s market cap by more than $200bn but the Dow continues in the green to post its 25th record session of the year. U.S. GDP and jobless numbers come in better than expected to ease market jitters and help reinforce hopes of a rate cut next month. U.S. Vice President Kamala Harris gives her first interview since securing the Democratic Party nomination to CNN. And in tech news, Apple and Nvidia are reportedly ready to fund OpenAI which would value the ChatGPT maker at more than $100bn.
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