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Ollivant projected to win GOP primary in battleground Virginia district

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Republican Douglas Ollivant is projected to win the GOP primary for Virginia’s 7th Congressional District. He will face Democratic Rep. Eugene Vindman in November. 

Ollivant is a former official at the White House’s National Security Council who graduated from West Point. Vindman also served as a lawyer on the National Security Council, and he and his twin brother, Alex Vindman, drew national attention for their role in President Trump’s first impeachment in 2019.

The district is considered a battleground district, although its two most recent U.S. representatives have been Democrats. Vindman beat his Republican opponent by less than three points in 2024. 

Vindman has raised over $12 million, while his potential Republican challengers didn’t come close to $1 million, according to federal election data compiled by the Virginia Public Access Project ahead of the primaries. 

The district spans from north of Richmond to parts of northern Virginia. In May, the Virginia Supreme Court overturned a redistricting amendment that the state’s voters had passed in April. The amendment would have allowed the districts to be drawn mid-decade. The median household income in the district, according to the U.S. Census Bureau, is $113,690, above the median household income for the commonwealth. 

Vindman, a retired U.S. Army officer, is campaigning on addressing the cost of living, holding public officials to stricter ethics standards and supporting service members and veterans, while opposing Mr. Trump’s handling of the war with Iran. Ollivant has also run on cost-of-living issues, including energy prices and housing affordability, and has said the district needs “more jobs, better jobs.”

Nvidia set to report earnings as AI bubble fears loom

Nvidia's logo is displayed at their headquarters on Aug. 26, 2026, in Santa Clara, California. Nvidia's second-quarter earnings are expected to be released after markets close on Wednesday. (Benjamin Fanjoy/Getty Images)(NEW YORK) -- Nvidia is set to report earnings on Wednesday as a data center boom drives demand for the company's advanced artificial intelligence chips, despite political backlash and looming concern about a financial bubble.In recent years, the California-based behemoth has defied skeptics with blockbuster revenue quarter after quarter.Rip-roaring growth transformed Nvidia from an ascendant AI player into the world's most valuable company. Investors will be eager to see whether the firm continued to deliver staggering revenue gains over the three months ending in July.The results hold implications well beyond Nvidia. Many analysts view the company as a bellwether for the stock market and the overall economy, which have both come to rely in part on massive spending on AI.Nvidia is expected to report second quarter revenue of $92 billion, which would amount to a 96% jump from the same period a year earlier, Bloomberg estimates showed.As big-tech names spend hundreds of billions on chips and data centers necessary for the energy-intensive technology, however, the financial benefits remain uncertain.The earnings reported by Nvidia will gauge demand for a key building block of AI, showing whether appetite for the technology remains at a fever pitch.Before the earnings report, Karan Girotra, a professor of operations, technology and innovation at Cornell Tech, said investors would watch whether the company has retained its dominance in chip manufacturing.As opposed to the highly competitive markets for AI models and enterprise products, the chip sector has given way to a clear winner.Nvidia "does not face a serious challenger at its layer of the stack and is probably the best chance for public market investors to profit from the AI boom," Girotra said.Fears of an AI bubble persisted ahead of Nvidia’s previous earnings report, but the company rebuked naysayers. Nvidia recorded $81.6 billion in sales over three months ending in April, which beat analyst expectations of $79.2 billion. The jump in revenue marked 85% growth compared to the same quarter a year earlier.Despite Nvidia's continued expansion, investors have proven jittery in recent months. Shares have climbed 13% so far this year after soaring nearly 39% in 2025.The company boasts a market cap of $5.1 trillion, making it roughly equivalent to the GDP of Japan or Germany. Nvidia expanded at a breakneck pace after an AI craze set off by the release of OpenAI’s ChatGPT in 2022, soaring nearly 700% over the ensuing two years.Copyright © 2026, ABC Audio. All rights reserved.
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