Nvidia(US:NVDA) Di Yi Cai Jing Zi Xun·2025-08-28 01:19Market Performance - US stock market saw a broad increase, with the S&P 500 index reaching a new all-time high. The Dow Jones rose by 147.16 points (0.32%) to 45565.23, the Nasdaq increased by 0.21% to 21590.14, and the S&P 500 gained 0.24% to 6481.40 [1] - Notable tech stocks had mixed performances, with Microsoft up 0.9%, Apple up 0.5%, and Google up 0.1%, while Meta and Tesla fell by 0.5% and 0.9% respectively [1] Company Earnings - Nvidia reported its Q2 earnings for the fiscal year 2026, showing revenue of $46.743 billion, a 56% year-over-year increase, slightly exceeding market expectations. Net profit was $26.422 billion, up 59%, with a gross margin of 72.4% [4][6] - Despite exceeding revenue expectations, Nvidia's data center revenue was slightly below market forecasts, leading to a 3% drop in its stock price post-earnings, resulting in a market cap loss of $130 billion [6] Economic Indicators - The Mortgage Bankers Association reported a 0.5% decline in mortgage applications for the week ending August 22, primarily due to a decrease in refinancing applications, although purchase applications saw an increase [1] - US Treasury yields fell, with the 10-year yield down 1.8 basis points to 4.24% and the 2-year yield down 5.4 basis points to 3.62%. The market anticipates an 80% probability of a 25 basis point rate cut by the Federal Reserve in September [2] Commodity Prices - International oil prices increased, with US commercial crude oil inventories dropping by 2.4 million barrels for the week ending August 22. WTI crude closed at $64.15 per barrel, up 1.42%, while Brent crude closed at $68.05 per barrel, up 1.23% [2] - Gold prices continued to rebound, with COMEX gold futures for October delivery rising by 0.51% to $3449.40 per ounce [3] Regulatory Developments - US Treasury Secretary emphasized the need for internal review of the Federal Reserve, citing trust issues related to the allegations against Fed Governor Lisa Cook [2] - The Federal Reserve indicated that interest rates may decrease in the future, contingent on upcoming economic data [2] International Relations - Ukraine's President announced a meeting between Ukrainian and US delegations scheduled for August 29 in New York [7] - The US approved the sale of AIM-9X "Sidewinder" missiles and related equipment to NATO, valued at over $103.9 million [13] Industry Developments - The Chinese Ministry of Commerce plans to introduce policies to expand service consumption and promote service exports, aiming to enhance service supply capabilities [8] - The National Bureau of Statistics reported a 6.8% year-over-year increase in manufacturing profits for July, accelerating from June's growth rate [8] Investment Announcements - Several companies announced significant investment plans, including Guangxi Huayi's 2.6 billion yuan project for cloud manufacturing and Huayu Automotive's acquisition of a 49% stake in SAIC Qingtao for 206 million yuan [20]