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August 27, 2026 - 03:52
6 minutes
(Bloomberg) — Nvidia Corp.’s bullish sales outlook boosted stocks and futures, bolstering optimism that this year’s rally in artificial intelligence shares has further to run. Oil fell for a fourth day.MSCI’s Asia Pacific stocks gauge rose 0.6%, with semiconductor companies SK Hynix Inc., Samsung Electronics Co. and Kioxia Holdings Inc. among the biggest contributors. The Kospi Index — a bellwether for AI investments — advanced 1.5%.Futures contracts for the tech-heavy Nasdaq 100 Index climbed 0.8% after Nvidia signaled strong sales growth in 2028. The company’s shares rallied 4.7% in extended trading, helping lift other AI stocks such as Marvell Technology Inc. and Sandisk Corp.Brent crude fell 0.5% to around $87.40 a barrel as traders weighed diplomatic progress in the Middle East against rising Russia-Ukraine tensions. Still, caution lingered in bond markets as traders boosted bets on a Federal Reserve interest-rate hike this year after a key US inflation gauge remained above the central bank’s target.Shorter-maturity Treasuries fell in Asian trade, with the yield on the two-year rising one basis point to 4.22%, as money markets fully priced in a Fed rate increase by December.Nvidia’s outlook offered fresh evidence that spending on AI infrastructure remains robust, easing concerns that the investment boom is losing steam. The upbeat forecast comes as investors increasingly scrutinize whether heavy AI spending can sustain earnings growth after a volatile stretch for technology stocks.The “results provide further support for my bullish outlook on the AI investment theme and the broader technology sector,” said Ivan Feinseth, chief investment officer and director of research at Tigress Financial. “The AI infrastructure cycle remains in an early-to-middle stage rather than nearing a peak.”Nvidia expects to grow revenue by approximately 70% in fiscal 2028, Chief Financial Officer Colette Kress said during a post-earnings conference call. Analysts have projected an increase of about 45% for that year, according to data compiled by Bloomberg.What Bloomberg Strategists Say…“Nasdaq contracts are enjoying a rare opening gap higher on Thursday, which bodes well for sentiment across Asian stocks. Traders will be eyeing the one-week high at 29,689 as a first possible destination. Should that be eroded, it could excite momentum players to come off the sidelines.”— Mark Cranfield, Markets Live strategist. Click here for the full analysis.In other AI earnings-related news, MiniMax Group Inc.’s revenue surged 283% in the first half of 2026, even as the Chinese startup trailed rivals such as Z.AI Co. in releasing top-tier large language models.Elsewhere, wheat futures reached the highest in three years as persistent attacks on vessels and infrastructure in the Black Sea region curb shipments from one of the world’s biggest breadbaskets, reigniting food inflation worries.Gold edged up to trade around $4,610 an ounce. The South Korean won gained against the dollar after the country’s central bank delivered back-to-back rate hikes to curb inflation risks.Investors also got a fresh read on US inflation Wednesday. The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% from the prior month and 3.3% from a year earlier. Inflation-adjusted consumer spending was flat after gains in May and June.The broader PCE price index rose 3.7% from a year earlier, remaining well above the Fed’s 2% goal. Combined with other data pointing to a cooling economy in July, the figures bolstered the case for policymakers to keep interest rates unchanged for now.Attention now turns to the Jackson Hole Economic Symposium. Kevin Warsh will deliver his first major speech as Fed chair, giving investors fresh clues on the policy outlook after facing criticism over a lack of clarity on his views about the economy.“The number of dissenters at the next meeting may grow because the month-over-month readings are getting worse, but we believe enough of the FOMC will want to wait to see more data before making a decision to raise rates next month,” said Chris Zaccarelli, chief investment officer at Northlight Asset Management.Corporate Highlights:CrowdStrike Holdings Inc. forecast revenue figures for the full year that exceeded analysts’ estimates, evidence that the cybersecurity industry continues to see demand driven by threats from artificial intelligence. Salesforce Inc. gave an outlook for strong revenue expansion and deepened its partnership with Anthropic PBC, reassuring investors that it can compete successfully in the AI era. Anthropic PBC has agreed to spend $45 billion to rent AI cloud computing power from Nscale’s flagship data center development in West Virginia, the latest move in an effort to secure capacity for its expanding business in advance of going public.Some of the main moves in markets:StocksS&P 500 futures rose 0.4% as of 10:49 a.m. Tokyo time Nikkei 225 futures (OSE) fell 0.6% Japan’s Topix rose 0.1% Australia’s S&P/ASX 200 fell 0.6% Hong Kong’s Hang Seng fell 0.3% The Shanghai Composite was little changed Euro Stoxx 50 futures rose 0.2% CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1657 The Japanese yen was little changed at 159.24 per dollar The offshore yuan was little changed at 6.7224 per dollar CryptocurrenciesBitcoin rose 0.6% to $78,929.03 Ether rose 1.1% to $2,499.72 BondsThe yield on 10-year Treasuries advanced one basis point to 4.66% Japan’s 10-year yield advanced one basis point to 2.895% Australia’s 10-year yield advanced eight basis points to 5.11% CommoditiesWest Texas Intermediate crude fell 0.5% to $81.79 a barrel Spot gold rose 0.9% to $4,630.37 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from Winnie Hsu.©2026 Bloomberg L.P.
