CNBC

Nvidia’s blockbuster quarter and a massive wave of software earnings hijacked the tape today, but critical structural developments in the Treasury and trade markets are the real macro signals to watch. Here is your high-signal video digest of CNBC’s coverage from August 26, 2026.

Lead Story

Nvidia’s stunning 70% revenue growth projection for fiscal year 2028 hijacked the narrative after a Q2 blowout, proving the AI buildout is far from peaking. The chipmaker posted adjusted EPS of $2.22 on $96.22 billion in revenue, handily beating the Street and igniting a 4% extended-trading rally that re-energized the entire technology sector.

Markets & Economics

The S&P 500 hovered flat as July’s core PCE rose 0.2% monthly and 3.3% annually, matching estimates but failing to quiet hawk chatter ahead of Fed Chair Kevin Warsh’s Friday keynote at Jackson Hole. Bond yields held near multi-decade highs, with the 10-year Treasury flat at 4.645% despite Scott Bessent’s aggressive debt buybacks, a program scrutinized in Investor Peter Boockvar Sees Merit to Druckenmiller’s WSJ Op-Ed Bashing Bessent’s Bond Ploys. Trade tensions intensified after Canada retaliated “dollar-for-dollar” with a 50% tariff on $20 billion of U.S. goods, detailed in Former U.S. Trade Rep. Ron Kirk: Tariffs are a self-imposed tax on American families and businesses. Meanwhile, crude prices fell sharply, with Brent down 2.52% to $86.35 and WTI dropping 2.17% to $80.56 as Iran and Oman advanced an independent Hormuz navigational corridor, analyzed in the Strait of Hormuz is just one of many choke points being squeezed right now says Jeff Currie.

Business & Earnings

Salesforce soared 14% post-market on Q2 revenue of $11.35 billion, boosted by a massive $2.6 billion strategic gain from its Anthropic stake and the roll-out of “Claudeforce,” as CEO Marc Benioff declared “SaaSpocalypse” fears “nonsense” on “Mad Money”. To expand their AI footprint, the companies unveiled the “Claudeforce” integration, discussed in Anthropic CEO on ‘Saaspocalypse’: We’re not interested in destroying anyone. Cyber giant CrowdStrike surged 11% on record revenues of $1.47 billion, with CEO George Kurtz pointing to a post-Mythos boom in AI cybersecurity demand. Identity provider Okta surged 19% following a clean top-and-bottom-line beat, while Meta Platforms erased a major overhang by securing a $16.7 billion settlement over youth addiction lawsuits.

Investing & Commentary

Panmure Liberum’s Joachim Klement advised investors that hyperscalers are wasting billions overbuilding data centers, pitching Apple and Dell as the ultimate winners as AI workloads shift to cheaper, edge-based local models. Bernstein re-stoked the crypto bulls, forecasting that U.S. debt debasement will propel Bitcoin to $300,000 by 2029, a trend expected to supercharge MicroStrategy. Pundits also highlighted shifts among ultra-high-net-worth investors, discussing a major move into equities in Family offices shift to stocks: Here’s what to know.

Also Worth Watching

• Apple Sets iPhone Event under John Ternus (CNBC): Apple announced its next hardware showcase for September 9, marking the first product launch under incoming CEO John Ternus.
• Waymo Plans German Driverless Debut (CNBC): The Alphabet-owned robotaxi service plans to initiate driverless rides in Munich by the end of 2027 as its first European Union market.
• Amazon Shuts Down Mechanical Turk (CNBC): The crowdsourced platform once famously called ‘artificial artificial intelligence’ by Jeff Bezos will permanently shutter on September 30.
• SpaceX Attractively Valued After Massive Spaceport Plan (CNBC): Morgan Stanley reiterated its overweight rating on SpaceX, citing the unmatched scale of its planned $100 billion Louisiana spaceport.

📊 Since Nvidia’s massive 2028 guidance has reignited the AI supercycle debate, we could trace how other semiconductors and memory providers are positioning themselves to handle the current supply constraints.