Quote from Nick on 27th August 2026, 9:13 am

Technical analysis for 27th August 2026

Nvidia beat expectations and guided third-quarter revenue to around $108 billion, comfortably ahead of the roughly $104.2 billion analysts had expected. More importantly, management expects revenue to grow by roughly 70% in fiscal 2028, reinforcing the argument that the AI infrastructure boom still has considerable room to run. Nvidia shares initially dipped after the announcement before turning higher.

Asian equities have responded positively this morning, particularly technology and hardware shares. However, there is an important counterweight: yesterday's US inflation data was hotter than expected, pushing Treasury yields and the dollar higher and increasing speculation that the Federal Reserve could raise rates again.

READ MORE