Nvidia Rally Adds $442 Billion to Market Cap Amid Warsh Speech Caution

10:50 - 28.08.2026


August 28, 2026, Fineko/abc.az. Nvidia powered a rally in tech stocks after issuing a stronger-than-expected outlook, reaffirming confidence in the artificial intelligence boom. The chipmaker’s shares surged nearly 9%, adding $442 billion to its market valuation as it projected a 70% revenue increase for the upcoming fiscal year. Strong earnings reports from Salesforce and CrowdStrike further lifted the Nasdaq 100 by 1.4%.

Despite tech gains, broader market sentiment remains cautious ahead of Federal Reserve Chair Kevin Warsh's scheduled address today. Asian equities showed mixed results, with South Korea’s Kospi falling 1.3%. Meanwhile, U.S. Treasury yields held steady following previous losses, with the 2-year yield hovering at 4.23% and the Bloomberg Dollar Index remaining largely unchanged.