Stock Market Rallies on Nvidia Earnings Beat and Strong Tech Guidance

28 August 2026 · Source balance: Centre

U.S. stock markets closed higher Thursday after semiconductor giant Nvidia delivered blockbuster earnings and strong guidance. The Nasdaq Composite rose one-point-six percent to twenty-six thousand five hundred forty-one, while the S&P 500 gained point-seven percent to seventy-seven thirty. The Dow Jones stayed relatively flat at fifty-three thousand five hundred sixty-nine. Nvidia shares soared eight-point-seven percent after the company reported second-quarter revenue of ninety-six-point-two billion dollars, more than double the prior year. The company projected third-quarter revenue of one hundred eight billion dollars and forecast seventy percent revenue growth for fiscal twenty twenty-eight. Software companies including Salesforce and CrowdStrike also jumped twenty-two and twenty-one percent respectively on strong earnings. The rally reflects renewed investor confidence in artificial intelligence infrastructure spending. However, broader market breadth remained weak, with ten of eleven S&P sectors ending lower. Analysts note that while earnings fundamentals look solid, market gains remain concentrated in technology stocks.