Stocks Bounce Before Nvidia as Bessent Faces Pushback
Stocks rebounded ahead of Nvidia’s earnings, while Treasury Secretary Scott Bessent faced criticism over bond buying and his Iran strategy. Nvidia’s results now sit at the center of a market test for AI demand and software valuations after the stock’s losing streak.
The Bloomberg Television segment previewed the U.S. trading day with Nvidia approaching its earnings release after a run of declines. It also highlighted pushback against Treasury Secretary Scott Bessent: Stan Druckenmiller called the department's bond buying a mistake, while Bessent's Iran strategy was described as potentially putting Washington on a collision course with Beijing.
Nvidia is the clearest single-name focus in the report. The company's fiscal-year 2026 revenue was $215.9B, up 65.5% year over year, with a 71.1% gross margin, a 55.6% net margin and $4.90 in diluted EPS.
The immediate catalyst is Nvidia's earnings release, with software stocks and broader equity sentiment positioned as secondary read-throughs.
Nvidia’s $215.9B revenue base and 65.5% growth keep the fundamental tape strong, but the pre-earnings losing streak leaves NVDA facing a high-bar event risk rather than a clean upside setup.
The setup is fundamentally strong but tactically unresolved: Nvidia’s $215.9B revenue and 65.5% year-over-year growth support the AI-demand case, while the losing streak and absent earnings benchmarks prevent a defensible directional call. The earnings release is the decisive event, but the report does not supply a dated release or enough forward estimates to set a measured target and stop.
A result or outlook that fails to extend the company’s $215.9B revenue trajectory could turn the existing losing streak into a broader de-rating; a strong report could instead invalidate the cautious read through a renewed AI-spending impulse.
CoverageSource: Bloomberg Television · Published here WED, AUG 26 · 1:37 PM ET · 5 reports · 2 publishers in this record · latest listed: Bloomberg Television · WED, AUG 26 · 1:37 PM ETHow this is decided →
File photo · NVIDIA’s headquarters, Santa Clara · Aug 2018 · Coolcaesar · CC BY-SA 4.0 · Source & license- Investing.com — Wall Street ends higher as tech rebounds before Nvidia results
- Bloomberg Television — Intuit Sinks 11% on Weak Outlook as Nvidia Earnings Loom
- Bloomberg Television — Nvidia Results on Deck, Bessent Bounce Begins to Emerge
- Bloomberg Television — Stocks Stall as Wall Street Awaits Nvidia
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Price context does not establish that the story caused the move.
Nvidia’s 65.5% year-over-year revenue growth, 71.1% gross margin and 55.6% net margin provide concrete evidence that AI demand remains highly profitable.
The losing streak ahead of earnings is the clearest opposing signal.
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