Business & Markets
Nvidia jumps 7.3% as US stocks open higher
Nvidia shares jumped 7.3% in early trading on Thursday after the chip company reported another quarter of revenue growth tied to artificial intelligence demand, helping major US stock indexes open higher.
The company reported quarterly revenue of $96.2 billion, more than double a year earlier, and forecast even stronger sales ahead.
About 20 minutes into trading, the Dow Jones Industrial Average was up less than 0.1% at 53,475.23. The S&P 500 gained 0.3% to 7,695.84, while the Nasdaq Composite Index gained 0.8% to 26,333.53.
Nvidia’s results also lifted other chip companies, although some large technology companies involved in artificial intelligence, including Amazon and Google parent Alphabet, retreated.
Markets were also awaiting a Friday speech by Federal Reserve chair Kevin Warsh at the annual Jackson Hole central bank event. Art Hogan of B. Riley Wealth said investors wanted more clarity from Warsh on how the Federal Reserve would respond to inflation and rate policy.
Update
Nvidia shares rose 7.3% in early trading after the earnings report.
About 20 minutes after the open, the Dow was up less than 0.1%, the S&P 500 was up 0.3% and the Nasdaq was up 0.8%.
Other chip companies were lifted, while Amazon and Google parent Alphabet retreated.
Investors were awaiting Federal Reserve chair Kevin Warsh’s Friday address at Jackson Hole.
Source note: AFP news report published on 27 August 2026 at 14:03:00 UTC.
Update
Nvidia reported quarterly revenue of $96.2 billion.
The reported revenue was more than double the year-earlier figure.
Nvidia forecast even stronger sales ahead on demand linked to artificial intelligence.
Source note: AFP news report published on 27 August 2026 at 13:41:17 UTC.
Source
AFP news report published on .