Aug 28 — Nvidia blowout, Meta settlement and Hormuz tensions

• Nvidia posted $96.2B in quarterly revenue and guided to $108B next quarter, zeroing out China — the AI capex cycle is accelerating even as export controls bite. • Meta agreed to pay up to $18B to settle 29-state lawsuits over teen addiction — the largest social-media liability settlement sets a platform accountability benchmark. • Iran named conditions for reopening the Strait of Hormuz, which carries roughly 20% of global oil — any closure or partial blockage directly moves crude prices and inflation.