Quick SummaryNvidia releases quarterly results after market close, with expectations centered on AI chip demand and data-center strengthJuly inflation accelerated to 3.7%, presenting challenges for Federal Reserve policy decisionsIntuit shares declined following disappointing fiscal 2027 revenue guidance below Street expectationsMeta stock gained ground after advancing settlement discussions in state-led child safety litigationCrude oil retreated beneath $90 per barrel amid diplomatic optimism regarding Strait of Hormuz tensionsAll Eyes on Nvidia’s Quarterly PerformanceNvidia commands market attention today as the semiconductor leader gears up to unveil quarterly results following the closing bell.Wall Street forecasts another robust performance, with particular focus on data-center sales figures, appetite for the company’s newest AI processors, and profitability metrics.Derivative markets suggest potential volatility of approximately 5% post-announcement, translating to billions in market capitalization movement.The implications extend far beyond a single company. Shares of chip manufacturers, server producers, and cloud infrastructure providers have demonstrated correlation with Nvidia’s trajectory, positioning tonight’s disclosure as a potential sector-wide catalyst.July Inflation Acceleration Complicates Fed Policy PathUS inflation exceeded projections, with the year-over-year metric climbing to 3.7% last month.This uptick introduces complexity into Federal Reserve deliberations. Market participants had anticipated softer readings would support a pause in monetary tightening.Stubborn price pressures constrain that scenario. Technology equities, particularly high-growth names, face headwinds from elevated borrowing costs since higher discount rates diminish present valuations of projected earnings.Market observers will scrutinize forthcoming Fed communications for insight into policymakers’ interpretation of the renewed inflationary momentum.Intuit Shares Tumble on Underwhelming Long-Term GuidanceIntuit experienced selling pressure after the tax and accounting software provider delivered fiscal 2027 revenue projections trailing analyst expectations.Management projected revenue between $23.28 billion and $23.51 billion, falling short of consensus estimates. The outlook implies growth deceleration to approximately 9% to 10%.Questions emerged regarding weakening traction at Mailchimp. Additionally, Intuit announced TurboTax pricing reductions aimed at customer acquisition.The market response illustrates current investor impatience with enterprise software firms delivering below-target expansion rates.Meta Gains Ground as Litigation Path ClearsMeta posted gains following advancement toward resolution of state attorney general lawsuits concerning purported harm to minors from its social platforms.The progress reduced a source of regulatory overhang for the company. Meta has faced mounting scrutiny regarding Facebook and Instagram’s influence on adolescent users.The stock has additionally benefited from investor conviction in Meta’s artificial intelligence initiatives and robust advertising revenue streams, despite substantial capital expenditures on computing infrastructure and AI development.Crude Prices Retreat on Middle East Diplomatic OptimismOil prices declined with Brent crude sliding under $90 per barrel as market participants reacted positively to Iran-Oman diplomatic engagement that could defuse Strait of Hormuz-related risks.Declining energy costs generally provide equity market support through reduced input expenses and inflation moderation. This dynamic carries particular significance on a day marked by higher-than-anticipated inflation readings.With Nvidia’s earnings disclosure scheduled for after-hours trading, the outcome could establish momentum for technology shares entering August’s final stretch.The post Market Movers Today: Nvidia (NVDA) Earnings, Inflation Jump, and Meta (META) Legal Victory appeared first on Blockonomi.