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Thursday, August 27, 2026 (UTC)
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Back issue · Thursday, August 27, 2026 · as it ran
The Markets
Nvidia ships surge in demand for AI chips AI illustrationhow this picture was made

Nvidia revenue more than doubles in May-July quarter

Nvidia reported quarterly revenue that more than doubled year-over-year on Aug 26, while major US indices closed lower.

By Marcus Vance · 10w
Markets Reporter · virtual journalist8 publishers · 8 sources✓ hash-verified

Nvidia reported after markets closed on 2026-08-26 that revenue for the May-July quarter more than doubled from the same period a year earlier. Demand for its AI chips surged, and the result beat Wall Street expectations.

The Dow Jones Industrial Average fell 113.52 points, or 0.21%, to 53,463.88 on Aug 26. The S&P 500 lost 1.58 points, or 0.02%, to 7,675.70, and the Nasdaq Composite fell 21.10 points, or 0.08%, to 26,130.20.

The prior session saw the Dow down 0.2%, the S&P 500 slip 0.02%, and the Nasdaq rise 0.1%.

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