FTSE 100 Drifts Lower as Eyes Turn to Nvidia
Investors will focus on Jensen Huang’s outlook and a new sales breakdown as analysts expect revenue to rise 96% to about $92 billion.
- Nvidia reports financial results after the Wall Street close on Wednesday, with CEO Jensen Huang's demand outlook into 2027 serving as the key focus for investors assessing the broader artificial intelligence rally.
- Analysts polled by Bloomberg expect adjusted earnings of $2.09 a share on revenue of roughly $92 billion, representing 96% growth on the same quarter last year.
- Stronger-than-Forecast inflation data reported earlier Wednesday pressured sentiment, as the personal consumption expenditures price gauge rose 3.7% on-year, tempering market optimism ahead of the earnings release.
- The Kansas City Fed's Jackson Hole symposium opens Thursday in Wyoming, with Fed Chairman Kevin Warsh delivering his first keynote address on Friday.
- Amazon, Google, and Microsoft are increasingly designing their own chips to reduce reliance on Nvidia, leaving concentration risks as a primary investor concern heading into the earnings call.
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Watch Stocks Stall as Wall Street Awaits Nvidia | Open Interest 8/26/2026
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Stocks waver as traders hold back on risk ahead of Nvidia earnings and fresh signals on the durability of the AI trade. US consumer spending stalls in July while the Fed's preferred inflation gauge rises as expected, bolstering the case for rates to stay on hold. Meta agrees to pay $16.7 billion to settle a landmark case over teens’ addiction to Facebook and Instagram. Vanguard CEO Salim Ramji and Altruist CEO Jason Wenk explain why they decided to combine assets. Plus, CityPickle Co-CEO Mary Cannon on the explosive growth of pickleball.
Evening Standard
FTSE 100 drifts lower as eyes turn to Nvidia
The chip maker was expected to release earnings after Wall Street closes.
Nvidia earnings preview: The report the entire market is waiting on
Nvidia will report its second-quarter results after the US market closes on Wednesday, with analysts expecting revenue of roughly $92 billion (€78.8bn) and investors treating the chipmaker's guidance as a verdict on whether the AI rally still has room to run.
After the losses, the upward movement of tech and semiconductor stocks supports the US stock exchanges. In addition, the focus is on the Nvidia chip group ahead of the quarterly figures.
The New York stock markets started positively on Tuesday. Tech and chip companies, in particular, showed signs of recovery following the share price losses of the previous day. Investors are anxiously awaiting the results of AI chip company Nvidia, which will be released on Wednesday. The quarterly figures of the world's most valuable company are a key test of the sky-high expectations surrounding artificial intelligence (AI).
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