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Published: 27 August 2026,07:41
Daily Market Analysis New
Key Takeaways:
*Nvidia reported $96.2B in revenue, up more than 100% YoY, with data-centre revenue surging 117% to $89B, reinforcing strong AI demand.
*Third-quarter revenue guidance of around $108B and strong longer-term growth expectations eased concerns over an AI spending slowdown and helped lift U.S. equity futures.
*Strong GPU demand could benefit the wider AI supply chain, particularly HBM and memory makers such as Micron and SK Hynix, while reducing fears of an imminent AI bubble.
Nvidia delivered an impressive set of fiscal second-quarter results after the market closed on Wednesday, reinforcing its position as the central bellwether for the artificial intelligence theme. The company reported revenue of approximately $96.2 billion, more than doubling year-over-year and comfortably exceeding Wall Street expectations. Data-centre revenue, the core driver of its AI-related business, rose 117% to $89 billion. Adjusted earnings per share also beat consensus forecasts. Looking ahead, Nvidia guided for third-quarter revenue of around $108 billion and signalled expectations of roughly 70% sales growth into fiscal 2028, underscoring management’s confidence that demand remains robust and is still accelerating.
The initial post-market reaction was mixed, with shares briefly declining before reversing higher and finishing the after-hours session with gains of around 4%. The recovery was supported by the upbeat longer-term growth outlook and comments from CEO Jensen Huang highlighting that AI has reached an “inflection point.” The positive response helped lift Nasdaq 100 and S&P 500 futures, easing some of the recent caution that had surrounded elevated AI valuations and spending levels.
Beyond Nvidia itself, the results are expected to provide a constructive signal for the wider AI ecosystem. Strong demand for high-performance GPUs continues to drive requirements for high-bandwidth memory (HBM), offering potential support for leading memory manufacturers such as Micron Technology and SK Hynix. By demonstrating that customer spending remains healthy and that supply constraints, rather than softening demand, remain the primary limitation, Nvidia’s report has helped temper concerns about an imminent “AI bubble.” In the near term, the market will watch whether this renewed confidence translates into sustained gains across the semiconductor and AI infrastructure complex as investors reassess the durability of the current investment cycle.
Technical Analysis
Nvidia, H4:
NVIDIA underwent a round of technical retracement after reaching its all-time peak near $236.26. However, the latest price action has shown renewed buying interest, with the stock breaking above its previous short-term downtrend trendline and providing an early signal of a potential bullish trend reversal.
The bullish momentum has strengthened further in post-market trading, with NVIDIA rising above the immediate resistance level at $213.55. This breakout suggests that the stock is regaining upward momentum and could remain within its current bullish trajectory.
Should NVIDIA sustain its position above $213.55, the breakout would be further validated and could pave the way for the stock to revisit its previous all-time peak near $236.26.
Overall, the break above the short-term downtrend structure and the subsequent move above $213.55 strengthen the bullish outlook for NVIDIA. Maintaining above $213.55 will be key for the stock to preserve its current momentum and potentially challenge its previous peak in the next leg.
Resistance Levels: 235.70, 253.80
Support Levels:192.70, 170.55
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