Wall Street Rises as Nvidia Earnings Boost AI Stocks

Wall Street advanced on Thursday, August 27, 2026, led by a surge in Nvidia shares after the chipmaker reported blockbuster quarterly results and issued a forecast that reaffirmed the strength of the artificial intelligence boom. The tech-heavy Nasdaq Composite outperformed major indexes, rising 0.8% to close at 26,342.87, while the S&P 500 gained 0.4% to 7,702.44 and the Dow Jones Industrial Average edged up approximately 35 points, or 0.1%, to 53,499.60.

Nvidia's stock jumped 7.3% to $224.91 after the company reported fiscal second-quarter revenue of $96.2 billion, a 106% increase from the same period a year ago. The results surpassed Wall Street estimates and were driven by the company's dominant data center division, which generated $89.0 billion in revenue, up 117% year-over-year. Adjusted earnings per share came in at $2.22, beating consensus estimates. The company projected third-quarter revenue of approximately $108 billion and forecast revenue growth of around 70% for fiscal 2028, a figure that topped analyst expectations of under 50%.

The report met lofty investor expectations and bolstered the view that the tech rally still has room to run. "The market rewarded the...