Stock Market Today, Aug. 27: Nvidia Surges on Blowout Results and Surprising Guidance

Nvidia surged 8.74% after reporting $96.2 billion in quarterly revenue (up 106% YoY) and providing surprisingly strong guidance for 70% revenue growth in 2027, nearly double analyst expectations. The results eased AI slowdown concerns and demonstrated sustained data center demand despite increasing competition. The company maintained a 75% gross margin and continues investing in the AI sector.