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US technology market AI-driven recovery

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2026-08-28 08:54 UTC → 2026-08-28 15:54 UTC · added ~~removed~~

The Nasdaq-100 and Nasdaq Composite indices continue to show signs of recovery driven by significant investments in artificial intelligence and semiconductor technology. Despite recent volatility, the index has maintained a growth of approximately 14.42% since the start of 2026. Market momentum has intensified as semiconductor demand remains a primary driver. Nvidia has led a significant Wall Street rally, reporting a 106% year-over-year increase in revenue to $92.22 billion. The company’s data center sales grew by 117%, and its projections of 70% revenue growth for fiscal year 2028 continue to boost the broader hardware ecosystem. In its second fiscal quarter of 2027, Nvidia reported a further revenue increase to $96.22 billion, underscoring the continued momentum in the artificial intelligence boom. Recent developments have seen Nvidia shares surge 8.74% following blowout quarterly results and revenue guidance for 2027 that significantly exceeded analyst expectations. This performance has helped ease concerns regarding a potential slowdown in AI demand. While tech momentum remains strong, other sectors face legal and macroeconomic pressures. Meta Platforms experienced stock fluctuations following an agreement to pay up to $18 billion to settle child-safety cases with U.S. states, which includes implementing new safety measures like daily time limits and muted notifications during school hours. Despite the settlement, Meta’s stock faced technical challenges, closing at $571.10 on August 27, below its daily moving averages. Globally, market reactions have been mixed; while Nvidia’s results supported the Japanese technology sector, the Nikkei 225 saw a slight decline of 0.16% as investors remained cautious due to a weak yen. Growth has also expanded into the cybersecurity and software sectors. CrowdStrike reported its “best operating quarter ever” with revenue increasing 26% to $1.47 billion.

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