Nvidia Corp. (NASDAQ: NVDA) saw a 2% increase in midday trading on Monday, putting it close to its record high and now less than 2% away. Investors are optimistic before the highly anticipated earnings release later in the week. Despite a slight market downturn post-Fed rally on Friday, investors are taking a breather after a strong upward movement, driven by Federal Reserve Chair Jerome Powell's comments hinting at a September rate cut. Additionally, crude oil prices surged 2%, surpassing $65 a barrel for the fourth consecutive day, sparking new inflation worries amid expectations of relaxed financial conditions. Geopolitical tensions are once again a concern, amidst hopes for diplomatic efforts. The full story can be found on Benzinga.com.