Nvidia Earnings Beat Lifts Chips as Market Shrugs
Nvidia earnings crushed estimates and guided current-quarter revenue to around $108 billion, above Wall Street’s estimate, yet the broad stock market rose only modestly as the AI trade’s grip on the tape loosens.
Market Snapshot
All figures are indicative opening levels as of this morning, August 27.
Stocks opened higher across the board, but the moves were measured for a day that followed the year’s most-watched earnings print.
The Dow led with a gain of around 0.83 percent while the Nasdaq lagged at around 0.39 percent, a split that says the bid is broadening out of megacap tech rather than piling back into it.
The VIX slipped under 15.3, the dollar held near 99, gold eased toward 4,624, silver pushed back above 69, and WTI reclaimed 83.
The AI-chip complex led the stocks in the news today.
Nvidia jumped around 6 percent after its blowout guide, Broadcom firmed on the read-through ahead of its own report, and AMD rose as chip peers caught a bid.
Main Story
Nvidia earnings beat on both revenue and profit and guided the current quarter to around $108 billion, above Wall Street’s estimate, and the stock jumped around 6 percent. Even so, the broad market barely moved.
- Nvidia posted around $96.2 billion in revenue, up 106 percent from a year ago, with data-center sales near $89 billion, and guided the current quarter to around $108 billion versus roughly $104 billion expected, according to figures reported by CNBC on August 27.
- The mainstream read is clean: demand for AI chips is still accelerating, CFO Colette Kress flagged 70 percent revenue growth for fiscal 2028, and that validates a market sitting near record highs.
- The tell is that a 6 percent pop in Nvidia lifted the Nasdaq only a fraction of a percent, a sign one blockbuster print no longer moves the whole market the way it did a year ago.
Chart of the Day
Nvidia gapped higher on the guide, trading around 225 after clearing its 50-day average near 222.
That puts the prior high near 235 back in play as the next real test on the upside.
The bigger tell is how little the move did for everything else, which is the story to watch from here.
Technical Trading
A few levels worth watching across the tape.
- Nvidia is trading back above its 50-day average near 222 with resistance at the 235 prior high, and its 14-day RSI sits around 69, firm but bumping against overbought.
- Silver is pressing resistance around 69 with its 14-day RSI near 70, strong but stretched, while gold holds support near 4,600.
- WTI has reclaimed 83 as a modest supply-risk premium creeps back into crude.
Global News
- Nvidia’s guide to around $108 billion in current-quarter revenue topped consensus and set the tone for the rest of AI-chip earnings.
- Marvell reports after the close today, the next read on whether AI-infrastructure spending is holding up beyond Nvidia.
- Weekly jobless claims and the second estimate of Q2 GDP land this morning, a fresh check on the growth picture.
- Treasury yields steadied after last week’s spike, easing some pressure on rate-sensitive growth names.
- Fed Chair Kevin Warsh speaks at Jackson Hole on Friday, the week’s next big test for the rate outlook.
Texas News
Nasdaq is standing up a regional headquarters in Dallas as the new Texas Stock Exchange keeps adding listings, another sign of capital markets infrastructure migrating to the state.
The buildout gives Texas issuers a closer venue to list and trade, a quiet structural shift under the day’s market noise.
Looking Ahead
Thursday, August 27: Traders get their first full session to react to Nvidia’s guide, with weekly jobless claims and the second read on Q2 GDP also on the calendar.
Friday, August 28: Fed Chair Warsh speaks at Jackson Hole, closing the week with fresh signals on the path for rates.
Friday, September 5: The August jobs report lands, the next major data point for the Fed’s rate decision this month.
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Prices from Yahoo Finance, CNBC and Fortune. Technical levels from Investing.com and FXStreet. News from Reuters, Al Jazeera and CNBC.
For informational purposes only. Not investment advice. Prices are indicative opening levels and may differ from your broker.
