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NVIDIA's revenue doubles, beating expectations; is the AI trade narrative making a comeback?
米股研究
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TuiTui X Daily: NVIDIA reports earnings with a classic dip-and-recover trajectory; strong results from three software companies signal a SaaS rebound; Meta settles billion-dollar fine in a single day.

August 27, 2026 · Covering 393 KOLs and 2,140 tweets
NVIDIA entered regular trading hours facing the major test of its earnings report, initially closing down 1.6% at $209.66. The downtrend only reversed after management signaled during the conference call that "while supply remains tight, demand is even stronger"—particularly highlighted by a 70% upward revision to next year's revenue guidance, far exceeding market expectations. In after-hours trading, the stock surged over 4%, delivering a textbook "dip-and-recover" performance. On the same night, Salesforce, CrowdStrike, and Okta all reported earnings that comprehensively exceeded expectations, injecting long-awaited confidence into the dormant SaaS and cybersecurity sectors. Meanwhile, Meta put an end to years of litigation clouds by agreeing to a child protection settlement totaling approximately $16.7 billion, payable over ten years.
I. Trending Stocks on X
August 27, 2026 · Covering 393 KOLs and 2,140 tweets NVIDIA entered regular trading hours facing the major test of its earnings report, initially closing down 1.6% at $209.66. The downtrend only reversed after management signaled during the conference call that "while supply remains tight, demand is even stronger"—particularly highlighted by a 70% upward revision to next year's revenue guidance, far exceeding market expectations. In after-hours trading, the stock surged over 4%, delivering a textbook "dip-and-recover" performance. On the same night, Salesforce, CrowdStrike, and Okta all reported earnings that comprehensively exceeded expectations, injecting long-awaited confidence into the dormant SaaS and cybersecurity sectors. Meanwhile, Meta put an end to years of litigation clouds by agreeing to a child protection settlement totaling approximately $16.7 billion, payable over ten years. I. Trending Stocks on X II. Market Main Themes | NVIDIA earnings show a dip then rally, software trio reports good news, Meta's multi-billion dollar fine clears litigation risk in one day 1. NVIDIA earnings show a dip then rally, 70% guidance significantly beats market expectations: NVIDIA's Q2 revenue reached $96.2 billion (up 106% year-over-year), and adjusted EPS was $2.22, both exceeding market expectations of $91.9 billion and $2.09, respectively. Data center revenue of $89.0 billion also beat estimates, while the gross margin of 75% met expectations (@StockSavvySh...
II. Market Main Themes | NVIDIA earnings show a dip then rally, software trio reports good news, Meta's multi-billion dollar fine clears litigation risk in one day
1. NVIDIA earnings show a dip then rally, 70% guidance significantly beats market expectations: NVIDIA's Q2 revenue reached $96.2 billion (up 106% year-over-year), and adjusted EPS was $2.22, both exceeding market expectations of $91.9 billion and $2.09, respectively. Data center revenue of $89.0 billion also beat estimates, while the gross margin of 75% met expectations (@StockSavvyShay); management provided guidance for approximately 70% revenue growth in FY28, a significant upward revision from the prior market expectation of 43.9%. CEO Jensen Huang stated directly, "We have already achieved AGI in many tasks," and "The coming year will be very, very extraordinary" (@aleabitoreddit@TrendSpider). However, the stock price did not immediately reflect this; it closed down 1.6% at $209.66 during regular trading hours. The stock dipped momentarily upon the release of the earnings report,@TradingThomas3recording an "initial reaction of decline",@zerohedgewhile also noting that NVIDIA's domestic US revenue was only $60.1 billion, missing the $67.5 billion expectation. "Despite the impressive results, the stock still fell, as the market is concerned about weakening gross margins and future spending." As the conference call progressed, details such as AWS adding 2 million GPUs to its partnership and CPU business revenue doubling in FY28 were gradually released, causing the stock price to gradually turn positive. In after-hours trading, it rose more than 4% to $218.58 (@StockMKTNewz@RealSimpleAriel). Management also admitted that memory pricing has entered an "extreme" state, with cost increases exceeding expectations and projected to rise further next year. Supply tightness is expected to continue until FY28, directly driving strength in memory stocks such as Micron and SanDisk (@StockSavvyShay); doubts regarding "circular financing" have not subsided. External supply and capacity-related commitments jumped from $119 billion in the previous quarter to $279 billion, primarily due to rising memory procurement costs. Combined with cloud service agreements, data center leases, and equity investments, total external commitments have reached $366 billion. CFO Colette Kress responded, "We understand that some may call this circular financing, but our understanding is different" (@ParadisLabs@wallstengine)。
2. The three major software companies reported positive results collectively, with the SaaS and cybersecurity sectors warming upSalesforce reported quarterly revenue of $11.34 billion and adjusted EPS of $5.9, significantly beating expectations. Free cash flow grew by 81%, while Agentforce's annualized recurring revenue surged by 240%. Coupled with a 15% year-over-year reduction in share count due to accelerated buybacks, the stock rose over 10% in after-hours trading (@unusual_whales@Fiscal_ai@StockMarketNerd). CrowdStrike also delivered its "best quarter ever"—revenue of $1.47 billion and EPS of $0.31 both exceeded expectations, with net new annualized recurring revenue reaching $333 million (up 51% year-over-year). Quarterly new contract value hit a record high of $1.9 billion (@unusual_whales@InvestingVisual@Fiscal_ai). Okta has met both revenue and earnings expectations for 37 consecutive quarters since its IPO in 2017. This quarter again beat estimates on both fronts, sending shares up nearly 20% in after-hours trading (@bespokeinvest@faststocknewss@InvestmentGuru_). Some traders noted that all three stocks simultaneously "broke out from Stage 1 base patterns with heavy volume," suggesting that "the software sector may be making a comeback" (@TedHZhang)。
3. Meta's multi-billion dollar fine finalized; major litigation risk cleared: Meta reached a settlement with multiple states regarding lawsuits over social media addiction among minors, agreeing to pay up to $16.68 billion over ten years. This amount is far lower than the hundreds of billions or even trillion-dollar claims previously feared by the market (@eliant_capital@RihardJarc). Analysts cite historical precedents—the multi-state tobacco settlement exceeded $206 billion, and the opioid settlements were even larger. Compared to Meta's annual profit of over $200 billion, the $16.68 billion figure is akin to 'a slap on the wrist' (@JonathanTurley). Cramer commented that amortizing this payout over ten years amounts to approximately $1.3 billion annually, which is 'a drop in the bucket.' The major litigation risk has been cleared. 'This is a major victory; I'm surprised the market remains unmoved' (@jimcramer); others caution that what truly deserves attention is Meta's PR maneuver of using the settlement announcement to publicly call out competitors (@StockMarketNerd), as well as the previously reported AI-driven layoff controversy—Meta had planned to let AI take over numerous routine roles and discussed cutting up to 60% of its workforce, until the CEO abruptly 'backed down' just before the first round of layoffs (@ReutersBiz)。
III. Macro Topics | On the Eve of Jackson Hole: High PCE Inflation Clashes with US Treasury Confidence Issues
1. Core PCE inflation remained elevated in July, significantly increasing pressure on Warsh ahead of his Jackson Hole debut: July's core PCE rose 0.25% month-over-month (annualized at approximately 3.0%), with the year-over-year rate holding steady at 3.3%, marking 65 consecutive months above the Federal Reserve's 2% target. The final Q2 GDP figure remained unchanged at 1.5%, but personal consumption was revised up from estimates to 3.4%. Consequently, the Atlanta Fed's GDPNow immediately raised its Q3 real GDP forecast from 4.0% to 4.6% (@NickTimiraos@LizAnnSonders, ). El-Erian commented that the data largely met expectations (@elerianm), while WarrenPies calculated that the probability of a rate hike in September subsequently rose from 34% to 40%. This data sets a high bar for Fed Chair Walsh's keynote speech tomorrow at the Jackson Hole Global Central Bank Symposium. He had previously promised, 'We have missed the inflation window for five years; this time it must be resolved,' but so far there has been 'only rhetoric, no action' (@charliebilello); Reuters pointed out that Treasury Secretary Bessent's aggressive push for a Treasury buyback program aimed at lowering long-end yields is leaving Walsh in a dilemma regarding his tightening stance (@ReutersBiz). Before the earnings release, the market itself was unusually calm—the S&P 500 traded in a narrow range over five trading sessions, closing at 7,668.69 points (a slight decline of just 0.11% over the five days), with the VIX hovering near the low level of 15. The implied volatility for 'NVIDIA 1-day' even dropped below 8 at one point, reflecting that the market was not truly pricing in downside risk (@MichaelMOTTCM@TheMarketMemo )。
2. The debate over confidence in US Treasuries continues to heat up, with bulls and bears each sticking to their views: Charlie Bilello compiled charts warning that the US is accelerating toward a 'debt crisis'; Peter Schiff noted that M2 money supply has grown by approximately 0.9% (annualized near 6%) since Walsh took office two months ago, stating that 'a 6% rate of monetary expansion can hardly be called inflation fighting.' However, Spanish economist Daniel Lacalle offered a sharp rebuttal—Bessent's buyback program totals only $83 billion, which is negligible relative to the $32 trillion US Treasury market size. It 'does not create new reserves and is certainly not QE.' If the market were truly worried about US Treasuries, sovereign yields in major economies like Germany would not be rising in tandem across the board (@dlacalle_IA)。
3. The labor market continues to soften, with full-time employment declining for four consecutive months.According to data from the U.S. Bureau of Labor Statistics, full-time employment fell by 106,000 month-over-month in July to 133.55 million, the lowest level since December 2024. This marks the fourth consecutive monthly decline, with a cumulative loss of 1.12 million full-time jobs.@BenzingaRegarding consumer confidence, the divergence between the Conference Board index (which focuses more on the labor market) and the University of Michigan index (which emphasizes personal finances and purchasing conditions) is widening, reflecting a significant disconnect in how different groups perceive the current economic situation.@LizAnnSonders)。
4. Individual Stock Forums
1. $NVIDIA (NVDA.US)$| Triple beat meets initial dip then rally; 70% guidance overshadows memory cost concerns
NVIDIA's quarterly revenue, earnings, and data center income all exceeded expectations, accompanied by a next-year revenue growth guidance of 70%, far surpassing forecasts. However, during regular trading hours, the stock price initially fell before rising. Bulls cheered the supply-driven growth story, while bears fixated on below-expectation U.S. domestic revenue, soaring memory costs, and questions regarding "circular financing," leading to intense tug-of-war between both sides.
***Bullish
@StockSavvyShayRevenue reached $96.2 billion (expected: $91.9 billion), adjusted EPS was $2.22 (expected: $2.09), and data center revenue hit $89.0 billion (expected: $86.0 billion). Q3 revenue guidance is set at $108.0 billion (expected: $104.0 billion).
@aleabitoredditManagement provided guidance for approximately 70% revenue growth in FY28, a significant upward revision from the market's previous expectation of 43.9%. "This statement may be more important than the entire earnings report itself."
@StockMKTNewzAnnounced a deepened partnership with AWS, with an additional deployment of 2 million GPUs from this quarter through Q2 of FY29, plus another 100,000 GPUs for U.S. government secure data centers.
@TrendSpiderJensen Huang stated on the conference call, "We have already achieved AGI on many tasks," and added, "The coming year will be very, very extraordinary."
***Bearish
@zerohedgeNVIDIA's U.S. domestic revenue was only $60.1 billion, missing the $67.5 billion expectation. "Despite strong performance, the stock price still declined, as the market worries about weakening gross margins and future spending."
@ParadisLabsExternal supply and capacity-related commitments jumped from $119 billion last quarter to $279 billion, primarily driven by rising memory procurement costs. Combined with other categories, total external commitments have reached $366 billion.
@TradingThomas3The stock's initial reaction to the earnings release was a decline.
@Jake__WujastykNVIDIA has become too large to rely on single-quarter earnings reports to drive significant upward momentum.
***Neutral
@wallstengineThe CFO addressed concerns about "circular financing," stating that nearly $50 billion has been invested in frontier AI labs. "We understand this may be labeled as circular financing by some, but our perspective differs."
@StockSavvyShayMemory pricing has entered an "extreme" phase, with cost increases exceeding expectations and projected to rise further next year. Supply constraints are expected to persist through FY28.
@MichaelMOTTCM@TheMarketMemoThe market was unusually calm ahead of the earnings release. The S&P 500 traded in a narrow range over five trading sessions (closing at 7,668.69, down just 0.11% for the period), while the VIX hovered around 15. Implied volatility for NVIDIA's one-day move briefly dropped below 8.
2. $Meta Platforms (META.US)$The $16.68 billion settlement is viewed as a "clearing event," with the market holding steady and buying continuing.
Meta reached a settlement of up to $16.68 billion with multiple states regarding lawsuits over social media addiction among minors, payable over ten years. This figure is far below the previously feared claims in the hundreds of billions or even trillions, and is widely interpreted as a "clearing event" marking the end of negative news. The market largely ignored the headline, with buying pressure continuing and few clear bearish voices emerging.
***Bullish
@eliant_capitalMeta agrees to pay up to $16.68 billion to settle multi-state lawsuits; "this is a clearing event."
@RihardJarcThe settlement amount has been finalized, far below the trillion-dollar rumors that previously worried the market, and will be paid out over ten years.
@jimcramerAmortized over ten years, the annual cost is approximately $1.3 billion, which is "a drop in the bucket." The biggest litigation risk has been cleared. "This is a major victory; I'm surprised the market hasn't reacted."
@JonathanTurleyCiting historical precedents—the multi-state tobacco settlement exceeded $206 billion—the $16.68 billion figure is "just a slap on the wrist" compared to Meta's annual profit of over $200 billion.
***Bearish
• No clear bearish sentiment observed today.
***Neutral
@StockMarketNerdMocking Meta's PR maneuver of using the settlement announcement to publicly call out competitors.
@ReutersBizMedia reports previously disclosed that Meta had planned to let AI take over many routine roles and considered cutting up to 60% of its workforce, until the CEO temporarily "backed down" just before the first round of layoffs.
3.  $Salesforce (CRM.US)$Agentforce ARR surges 240%, sentiment in the software sector rebounds
Salesforce's quarterly revenue and earnings significantly exceeded expectations, with Agentforce's annualized recurring revenue (ARR) surging 240%. Coupled with increased share buybacks, the stock jumped over 10% in after-hours trading, making it the first to ignite market sentiment among the three software companies reporting earnings that night.
***Bullish
@unusual_whales: Revenue of $11.34 billion (expected: $11.3 billion); EPS of $5.90 (expected: $3.27).
@Fiscal_ai: Revenue beat estimates by +11%; adjusted EPS beat estimates by +103%; free cash flow up +81%; remaining performance obligations (RPO) up +11%; Agentforce ARR up +240%; stock up +12% in after-hours trading.
@StockMarketNerd: Share count decreased significantly by 15% year-over-year, thanks to a strong balance sheet and accelerated share buybacks during the year.
@TedHZhang: The stock rose as much as 10% in after-hours trading, "breaking out with heavy volume from the initial base formation."
***Bearish
• No clear bearish sentiment observed today.
***Neutral
@PythiaR: Jokingly noted that someone from JPMorgan's IT department was seen smiling after reading the earnings report (this person previously left JPMorgan to head Investor Relations at Salesforce).
4.  $CrowdStrike (CRWD.US)$ | Best quarter in history, net new ARR increased by 51%, setting a single-quarter record high
CrowdStrike's revenue and earnings both exceeded expectations. Net new annualized recurring revenue (ARR) and remaining performance obligations (RPO) both hit single-quarter historical highs. Media outlets hailed it as the company's "best quarter in history." The stock surged on heavy volume in after-hours trading, with virtually no bearish voices heard.
***Bullish
@unusual_whales: Revenue of $1.47 billion (expected $1.44 billion), EPS of $0.31 (expected $0.29).
@InvestingVisual: Net new annualized recurring revenue (ARR) increased by $333 million (+51% YoY); FY27 revenue guidance is $5.99 billion to $6.01 billion (expected $5.93 billion).
@Fiscal_ai: New remaining performance obligations (RPO) for the quarter reached $1.9 billion, marking the largest quarterly order intake in the company's history.
@MarketWatch: Reports stated that "AI helped cybersecurity companies deliver their best quarter ever," sending shares soaring.
***Bearish
• No clear bearish sentiment observed today.
***Neutral
@RichardMoglen: After-hours trading volume for both CrowdStrike and Okta exceeded 50% of their average daily volume.
5.  $Okta (OKTA.US)$ | Beat both revenue and earnings estimates for 37 consecutive quarters; shares surged nearly 20% in after-hours trading.
Okta beat both revenue and earnings expectations this quarter, extending its unbroken streak of "double beats" since its IPO in 2017. Shares surged nearly 20% in after-hours trading, making it the top gainer among the three software companies reporting earnings that night.
***Bullish
@faststocknewss: Revenue of $805 million (expected $795 million), adjusted EPS of $1.05 (expected $0.97); Q3 revenue guidance is $813 million to $817 million.
@InvestmentGuru_: Shares rose nearly 20% in after-hours trading at one point. Subscription revenue increased 12% year-over-year, remaining performance obligations (RPO) rose 17% year-over-year, and current RPO grew 14% year-over-year.
@bespokeinvest: Since its IPO in 2017, Okta has beaten both revenue and earnings expectations for 37 consecutive quarters, a streak comparable to Joe DiMaggio's hitting streak record.
@TedHZhang: Shares rose 15% in after-hours trading, marking a 'volume-supported gap-up from the Stage 1 base pattern'.
***Bearish
• No clear bearish sentiment observed today.
***Neutral
@RichardMoglen: After-hours trading volume for both Okta and CrowdStrike exceeded 50% of their respective average daily volumes.
6. $Micron Technology (MU.US)$| NVIDIA calls memory pricing 'extreme,' while undercurrents swirl in the HBM supply chain
During NVIDIA's earnings call, management stated that memory pricing has entered an 'extreme' phase, with cost increases exceeding expectations and further rises anticipated next year. This directly fueled bullish sentiment for Micron and SanDisk. However, the memory industry's history of price manipulation, coupled with shifting supply chain dynamics as Samsung and SK Hynix adjust their market shares, has kept some investors cautious.
***Bullish
@StockSavvyShay: NVIDIA described memory pricing as 'extreme,' noting that cost increases exceeded expectations and supply tightness will persist through FY28. 'This makes it harder to justify why Micron and SK Hynix are still trading at their current valuations' (implying valuations should be higher).
@RealSimpleAriel$Micron Technology (MU.US)$ and $SanDisk (SNDK.US)$The stock price 'really liked the numbers delivered by NVIDIA,' strengthening in tandem after the earnings report.
@michaelsikandThe former chairman of Taiwan Semiconductor purchased $8 million worth of Micron stock at historical highs, and the share price has since cumulative risen by 177%.
***Bearish
• No clear bearish sentiment observed today.
***Neutral
@jukan05According to Korean media outlet Zdnet, Samsung and SK Hynix will increase the proportion of 8-layer HBM4 shipments, reflecting ongoing adjustments in NVIDIA's supply chain landscape.
@SamanthaLaDucA reminder: In 2002, a U.S. federal grand jury investigated memory price-fixing; Samsung ultimately pleaded guilty and paid a $300 million fine. "Be mindful of whom you are cheering for."
7.  $Abercrombie & Fitch (ANF.US)$ Tariff rebates drove a stunning earnings beat, with shares surging over 40% in a single day to hit a 52-week high.
Abercrombie & Fitch benefited from tariff rebates, reporting quarterly EPS that significantly exceeded expectations. Even flat same-store sales failed to dampen market enthusiasm, as the stock surged over 40% in a single day to reach a 52-week high. Its year-to-date gain has even outperformed AI leaders such as NVIDIA and Palantir, making it the most unexpected earnings dark horse of the day, with virtually no bearish sentiment.
***Bullish
@MartyCharginBoosted by tariff rebates, EPS came in at $2.18, beating expectations. The company also raised its EPS and revenue guidance for Q3 and FY27, both exceeding consensus estimates.
@joinautopilotEPS reached $4.17, more than doubling market expectations. Its year-to-date performance has outperformed NVIDIA, Palantir, Microsoft, Google, Broadcom, Meta, Tesla, and Oracle.
@JeffMackeThe stock broke out to the upside, rising nearly 30% to hit a 52-week high. "Despite flat same-store sales data, this is a very, very positive reaction," with closing gains reaching 41%.
@ripster47I turned bullish during the pre-market livestream and directly set a target price of $150 at the open.
***Bearish
• No clear bearish sentiment observed today.
***Neutral
@michaelsikandJokingly remarking, "You'd think they stopped selling clothes and started selling GPUs," pointing out the recent surge in certain apparel stocks, with VSXY also up 70% year-to-date.
8. $SpaceX (SPCX.US)$| Trillion-dollar lunar economy vision clashes with professor's "halving" warning; stock price consolidates in a narrow range
SpaceX faced extreme narrative divergence on the day: Deloitte presented a blueprint for a $1.1 trillion lunar economy by 2050, while NYU Professor Scott Galloway warned that the stock might only be worth $10 to $30, implying a potential drop of over 90%. With bullish and bearish views at odds, the stock price itself remained in narrow consolidation.
***Bullish
@SpaceInvestor_D: Deloitte outlined a broad lunar economy blueprint reaching $1.1 trillion by 2050, with core growth sectors including lunar transportation, energy, communications, mobility, and life support.
@SpaceInvestor_D: Bank of America believes SpaceX's expansion in mobile communications is positive for T-Mobile. According to AST management, cooperation talks between the two parties are "progressing smoothly."
***Bearish
@Barchart: NYU Professor Scott Galloway warned that SpaceX is only worth $10 to $30, implying a potential decline of over 90%, and specifically pointed to the short ETF SPCG for investors to hedge.
***Neutral
@RedDogT3: Observe whether the recent strong performance of the stock price can continue.
@markminervini: Analyzed a "historical pattern worth watching" in the SpaceX chart during the program.
5. Event Calendar
1. Announced
• NVIDIA reported Q2 earnings with revenue of $96.2 billion (+106% YoY) and guided FY28 revenue growth of approximately 70%. The stock fell then rose during regular trading hours and rebounded after hours — @StockSavvyShay@aleabitoreddit
• Salesforce, CrowdStrike, and Okta, three major software stocks, collectively beat earnings expectations, surging in after-hours trading — @unusual_whales@MarketWatch
• Meta reached a settlement of up to $16.68 billion with multiple states regarding lawsuits over social media addiction among minors, to be paid over ten years — @eliant_capital
• Abercrombie & Fitch earnings significantly beat expectations, with the stock surging over 40% in a single day to hit a 52-week high —@MartyChargin
• July core PCE rose 0.25% month-over-month (annualized ~3.0%, 3.3% year-over-year); Q2 GDP final reading held steady at 1.5% —@NickTimiraos@LizAnnSonders
• Full-time employment fell by 106,000 month-over-month in July, marking the fourth consecutive monthly decline —@Benzinga
2. Today
• Retail sector earnings season:$Best Buy (BBY.US)$$Burlington Stores (BURL.US)$$Dollar General (DG.US)$$Dollar Tree (DLTR.US)$Released pre-market today,$Gap Inc (GAP.US)$$Ulta Beauty (ULTA.US)$$Affirm Holdings (AFRM.US)$Released after-hours today —@bespokeinvest
$Marvell Technology (MRVL.US)$Earnings to be released after-hours tonight —@Mr_Derivatives
• The Jackson Hole Global Central Bankers Symposium opens today —@APompliano
3. This Week
• Fed Chair Walsh is scheduled to deliver his keynote address at Jackson Hole this Friday (August 28). Treasury Secretary Bessent's Treasury buyback plan has put him in a dilemma regarding his hawkish stance —@charliebilello@ReutersBiz
4. Longer Term
• Polymarket data shows that Anthropic has overtaken SpaceX as the top contender for the largest IPO in history, with the market assigning it a potential valuation of $30 trillion —@unusual_whales
This report is based solely on the real, public tweets of 393 KOLs over the past 24 hours, with no fabrication; each argument can be traced back to the original author's post. "Trending" reflects only discussion volume, not sentiment; duplicate posts sharing the same news have been consolidated. KOLs represent professional and leading viewpoints, which are not equivalent to retail investor sentiment. This is not investment advice.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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