NVIDIA finally broke the 'earnings day drop' curse this time. A single-day surge of 8.74%, with market cap increasing by about $442 billion. Salesforce, Okta, and CrowdStrike also rallied together. The earnings report slapped down both the 'AI demand has peaked' and 'SaaS doomsday' narratives. But tonight, the market's spotlight shifts from AI back to the Fed: Waller will deliver a key speech at Jackson Hole. The faith in AI has just been restored—can risk assets continue to rally in the second half of the year? First, let's see how tonight's rate hurdle plays out.