Nvidia Forecast Lifts Nasdaq 1.57% as Fed Risk Stays in Focus

New York, 28 August 2026 – Technology shares led Wall Street higher after Nvidia’s revenue outlook reinforced confidence that corporate spending on artificial-intelligence infrastructure remains robust. The Nasdaq Composite rose 411.16 points, or 1.57%, to 26,541.35, while the S&P 500 advanced 55.29 points, or 0.72%, to 7,730.99. The Dow Jones Industrial Average gained 105.56 points, or 0.20%, to 53,569.44, highlighting a session in which technology strength outweighed softer performance across much of the broader market.

Nvidia shares jumped 8.7% after the chipmaker issued a forecast that met elevated investor expectations. One major bank projected Nvidia’s revenue could grow 70% next year, compared with its own prior estimate of 52% and a market consensus closer to 40%. The guidance supported the view that demand for accelerated computing remains powerful, even as memory-component shortages and rising capital intensity could limit how quickly the industry converts orders into deployed capacity.