One man's success benefits the whole family, NVIDIA's impressive financial report drives up both stocks and cryptocurrencies.

AI chip giant NVIDIA announced its second-quarter financial report after the market closed yesterday, with quarterly revenue reaching $13.5 billion, an 88% increase from the previous quarter, far exceeding Wall Street's expected $11.2 billion. NVIDIA's stock price had already risen by 3.17% during trading hours, and surged by 6.57% after hours to reach a historical high of $502.10, up 243% so far this year.

Stocks and Cryptocurrency Prices Rise, Market Focuses on Powell's Remarks

Yesterday, the U.S. stock market surged in anticipation, with the S&P 500 rising by 1.1% and the Nasdaq climbing by 1.59%. Bitcoin and Ethereum also rebounded from the bottom, rising by 1.85% and 3.1% respectively in the past 24 hours.

The market will now focus on the remarks of Federal Reserve Chairman Powell at the global central bank symposium in Jackson Hole on Friday, seeking clues to the future interest rate path. According to the CME Group's FedWatch tool, there is a general market expectation of an 86.5% probability that the Fed will keep the interest rate unchanged at 5.25-5.5% at the next rate decision meeting on September 20.