This content was published on
August 27, 2026 - 09:38
4 minutes
(Bloomberg) — US stocks advanced as a bullish sales outlook from Nvidia Corp. bolstered confidence that the rapid expansion in artificial-intelligence spending is set to run for longer.S&P 500 futures rose 0.4%, while Nasdaq 100 contracts advanced 0.8%. Nvidia jumped 4.7% in late trading after the AI-chip powerhouse forecast revenue growth for its 2028 fiscal year far above expectations. South Korea’s memory giants fueled gains in Asia. Pockets of weakness kept the broader advance in check, with consumer stocks offsetting technology’s advance in Europe.Treasuries were little changed. European bonds climbed as Brent crude extended its decline, falling for a fourth straight session to head for the lowest level in three weeks. The dollar and most major currencies were little changed.Nvidia’s upbeat outlook offered relief to investors concerned about a bubble in the AI economy. Chief Executive Officer Jensen Huang said demand for its artificial-intelligence accelerators is only accelerating. The chips are key components for training and running AI models.“The main takeaway is that earnings are very strong and will remain so,” said Emilie Tetard at Natixis CIB. “The main risk is excess optimism. but for the moment we do not see anything to confirm this, we do not see any major weakness on the macro side.”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.Attention will now turn 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, giving investors fresh clues on the policy outlook after he faced criticism over a lack of clarity about his views on the economy.“What matters here isn’t a simple hawkish or dovish call, but how he navigates the balance between inflation, employment, long-end yields, and Fed credibility,” Dilin Wu, a strategist at Pepperstone Group Ltd., wrote in a note. “Should the market grow concerned about a policy misstep, it could continue to weigh on US equities.”Corporate Highlights:CrowdStrike Holdings Inc.’s shares jumped in late trading after the company projected revenue for the full year that exceeded analysts’ estimates. Salesforce Inc. jumped in extended trading after the software company gave an outlook for strong revenue expansion and deepened its partnership with Anthropic PBC. Pernod Ricard SA expects to hit only the lower end of its forecast range for sales growth in the next few years. Some of the main moves in markets:StocksS&P 500 futures rose 0.4% as of 3:35 a.m. New York time Nasdaq 100 futures rose 0.9% Futures on the Dow Jones Industrial Average rose 0.2% The Stoxx Europe 600 fell 0.2% The MSCI World Index was little changed S&P 500 futures rose 0.4% Nasdaq 100 futures rose 0.9% The MSCI Asia Pacific Index rose 0.3% The MSCI Emerging Markets Index rose 0.4% CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1653 The British pound was little changed at $1.3591 The Japanese yen was little changed at 159.33 per dollar The offshore yuan was little changed at 6.7188 per dollar CryptocurrenciesBitcoin rose 0.5% to $78,848.82 Ether rose 0.8% to $2,492.47 BondsThe yield on 10-year Treasuries was little changed at 4.64% Germany’s 10-year yield was little changed at 3.23% Britain’s 10-year yield declined two basis points to 5.01% CommoditiesWest Texas Intermediate crude fell 1.4% to $81.09 a barrel Spot gold rose 0.1% to $4,596.05 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from Neil Campling and Anand Krishnamoorthy.©2026 Bloomberg L.P.
