Nvidia Earnings Fuel After-Hours Tech Rally Despite Inflation Worries

Today's AI insights from 7horns.ai: As a hot July PCE inflation print of 3.7% weighed on the stock market analysis, the S&P 500 slipped 0.04% to close at 7675, but blockbuster earnings from Nvidia sparked a major after-hours tech rebound. Nvidia reported explosive second-quarter revenue of $96.2 billion, driving its shares up 3.7%, while Meta Platforms rose 1.07% following an $18 billion settlement. These pivotal trading insights deliver the AI-powered analysis needed to navigate the current market outlook, offering critical data-driven investing opportunities despite rising macroeconomic pressures and shifting financial news. AI insights powered by 7horns.ai. Visit 7horns.ai for your free daily AI market analysis.

You are listening to Seven Horns A I — your A I-powered market update. Good evening. Today is Wednesday, August twenty-sixth, twenty twenty-six, and we are wrapping up a quiet regular trading session on Wall Street that quickly turned active after the closing bell. United States stocks finished essentially flat today in a cautious, choppy session. The S and P five hundred edged down just point zero four percent to close at seventy-six hundred and seventy-five. The Nasdaq Composite ticked down point zero eight percent to twenty-six thousand one hundred and thirty, while the Dow Jones Industrial Average dropped point two one percent to fifty-three thousand four hundred and sixty-four. Intraday, markets opened slightly lower and chopped sideways as investors digested a hotter-than-expected July P C E inflation print, which came in at three point seven percent year-over-year. This pushed the ten-year Treasury yield up to four point six six percent and revived speculation about a potential Federal Reserve rate hike. Crude oil also slipped about one and a half percent to settle around eighty-one dollars a barrel. However, in after-hours trading, we are seeing a meaningful shift. The S and P five hundred E T F proxy is up nearly half a percent, and the Nasdaq hundred E T F has gained over three-quarters of a percent, driven entirely by reaction to technology earnings. The big story of the day is Nvidia, which reported its second-quarter earnings right after the close. Revenue skyrocketed one hundred and six percent year-over-year to ninety-six point two billion dollars, beating expectations, while earnings per share came in at two dollars and twenty-two cents. Despite a brief initial dip immediately after the print, Nvidia shares reversed sharply and are now up about three point seven percent in after-hours trading. Looking at other megacaps, Apple gained one point one five percent, and Meta Platforms rose one point zero seven percent after agreeing to an eighteen billion dollar settlement over a youth-safety lawsuit. On the downside, Google fell one point four three percent, and Tesla lost one point two six percent. In the broader market, we saw significant moves in the A I infrastructure space. Semtech gained over ten percent, Silicon Motion rose eight point eight percent, and Lumentum rose six percent on upgraded price targets. Conversely, Spyre Therapeutics dropped twelve point eight one percent, and Zoom fell seven point zero three percent on soft guidance. With United States markets finishing little changed in the regular session, Asian traders will look to regional catalysts for direction. However, the strong positive momentum from New York's tech sector in after-hours trading, fueled by Nvidia, could provide an extra spark as Tokyo opens in about an hour. The Nikkei closed up point six two percent on Wednesday, and the Hang Seng gained point five six percent, signaling that regional markets already had some wind in their sails. Looking ahead, market participants will remain focused on inflation and monetary policy, especially with tomorrow's upcoming G D P revisions and jobless claims data, followed by key central bank commentary later in the week. That is your market wrap for today. This has been a Seven Horns A I production. For more insights, visit us at seven horns dot a i. We will be back tomorrow.