Market Reaction

On Thursday, 27 August 2026, U.S. equity markets opened higher after Nvidia’s quarterly earnings rekindled optimism around artificial‑intelligence spending. At 12:06 ET (16:06 GMT) the S&P 500 was up 0.6% at 7,724.98 points, the Nasdaq Composite surged 1.3% to 26,476.60 points, and the Dow Jones Industrial Average climbed 0.3% to 53,606.50 points.

Nvidia Earnings Highlights

Nvidia reported quarterly revenue that more than doubled year‑over‑year, driven by a sharp increase in data‑center sales. The company’s shares rose 8.97% following the release. Management also projected revenue growth of roughly 70% for fiscal 2028, a figure well above analyst estimates.

Other Corporate Results

Salesforce.com Inc delivered better‑than‑expected second‑quarter profit and revenue, prompting an upward revision of its full‑year sales and profit outlook. CEO Marc Benioff said, “AI is delivering value across every layer of our platform.” Salesforce’s stock jumped more than 19% after the announcement.

CrowdStrike Holdings Inc saw its share price increase by more than 17% after raising its annual revenue forecast. Conversely, HP Inc declined nearly 6% (‑5.18%) as personal‑computer shipments fell. The market‑wide ticker moves included CRWD +17.05% and CRM +20.86% (Salesforce).

Recent Macro Context

The previous trading day (Wednesday) saw the major averages close slightly lower, with the S&P 500 ending just under flat, the Nasdaq down 0.1%, and the Dow down 0.2%. The headline personal‑consumption‑expenditures (PCE) price index for July came in a touch hotter than anticipated, while the core PCE reading matched expectations. Inflation remains above the Federal Reserve’s 2% target, keeping expectations that the Fed will hold policy rates steady at its September meeting.

Federal Reserve Outlook

Analysts at Deutsche Bank highlighted a “solid slate of data,” including better‑than‑expected durable‑goods orders and an upward revision to second‑quarter consumer spending, suggesting that the Fed’s policy may be less restrictive than previously thought. Nevertheless, Vital Knowledge analysts noted that Fed Chair Kevin Warsh is unlikely to change his remarks at the Jackson Hole symposium scheduled for Friday, reaffirming the Fed’s commitment to taming inflation. Investors are awaiting Warsh’s speech later in the week for further guidance.

Summary of Key Figures

  • Nvidia revenue: >100% YoY increase; shares +8.97%
  • Nvidia FY2028 revenue outlook: +70% growth
  • Nasdaq Composite: +1.3% to 26,476.60
  • S&P 500: +0.6% to 7,724.98
  • Dow Jones: +0.3% to 53,606.50
  • Salesforce shares: +19%
  • CrowdStrike shares: +17%
  • HP shares: ‑5.18%
  • PCE price index (July): slightly above forecast; core PCE on target