Nvidia beats and issues rare full-year guidance as Fed rate path stays unresolved

Nvidia posted $96.2bn revenue and rose over 4% after hours, while a warm PCE reading left the S&P 500 flat at 7,676 and pushed yields higher

Deepakshi

Kristal Research & Marketing team

27 Aug

Key takeaways — AI summary

US stocks finished nearly unchanged Wednesday ahead of Nvidia: the S&P 500 slipped 0.02% to 7,676 and the Nasdaq 100 edged up 0.05% to 29,225.
Nvidia reported revenue of $96.2bn (more than double a year earlier, versus roughly $92bn expected) and profit of $2.22 a share, guided to $108bn this quarter, and for the first time forecast a full year ahead — about 70% revenue growth in FY2028; shares rose over 4% after hours.
Nvidia flagged margin pressure: gross margin seen slipping to 74% this quarter and bottoming near 71–72%, as supply commitments swelled from $119bn to $279bn and it lifts customer prices by around 15%.
The Fed's preferred PCE inflation gauge ran warm — headline prices up 0.2% in July and 3.7% year-on-year; core matched at 0.2% and 3.3%; 54% of core categories were rising above 3%, up from 47% a year ago; the 10-year yield reached 4.662% and the two-year 4.222%.
Traders put September no-change odds at roughly 60%; among movers Abercrombie & Fitch jumped 34.65% and CrowdStrike gained 11.7%, while Zoom fell 6.57%; the Bank of Korea raised its rate to 3.00%.

Generated by Kristal AI · reviewed by the research desk

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