TEBBIT US Stocks Perpetual Daily Report｜August 29, 2026 (Saturday)
Data as of: August29, 2026 08:00 (UTC+8)
Corresponding US stock trading day: August28, 2026
1. Overnight US Stocks
On August 28, US stocks traded around the Jackson Hole Global Central Bank Annual Meeting, Federal Reserve Chair Kevin Warsh’s speech, and the AI sector's repricing following NVIDIA and Marvell earnings reports.
Warsh delivered his first major keynote speech as Fed Chair at Jackson Hole. He stated that the US economy remains resilient overall, but inflation still requires clear and sustained improvement toward the Fed’s target.
Warsh also proposed reducing the use of normalized forward guidance and emphasized that monetary policy should rely more on real-time economic and financial market data.
Regarding AI, Warsh said it could become a new factor of production, bringing higher productivity and economic growth potential. AI infrastructure investment remains a key driver of current US corporate capital expenditures.
NVIDIA’s strong earnings continue to support the AI investment thesis, but the market’s reaction after Marvell’s earnings has led investors to pay closer attention to AI companies’ valuations, capital expenditures, and actual performance delivery.
Dow Jones Industrial Average: 53,559.99 points (slightly down -9.45 points, -0.02%)
S&P 500: 7,711.76 points (down -19.23 points, -0.25%)
Nasdaq Composite Index: 26,402.42 points (down -138.93 points, -0.52%)
2. TEBBIT Perpetual Contract Prices
| TEBBIT Perpetual Symbol | Corresponding US Stock | Closing Reference Price on August 28 | Daily Change |
| NVDAUSDT | NVIDIA | $222.24 | -4.60% |
| TSLAUSDT | Tesla | $353.52 | -1.12% |
| AAPLUSDT | Apple | $320.91 | +1.60% |
| MSFTUSDT | Microsoft | $498.41 | -0.84% |
| AMZNUSDT | Amazon | $270.83 | -0.51% |
| METAUSDT | Meta Platforms | $572.63 | -0.66% |
| SNDKUSDT | SanDisk | $1,554.75 | -2.66% |
| SPYUSDT | SPDR S&P 500 ETF | $771.16 | -0.25% |
Data Explanation
Note: Reference prices and daily changes are based on the corresponding US stock/ETF closing prices during regular trading hours on August 28. TEBBIT US stock perpetual contract actual transaction prices may differ due to trading hours, market liquidity, and price fluctuations.
3. Market Observation
On August 28, the market focus shifted further from NVIDIA's earnings to:
Warsh’s speech｜Fed policy｜AI capital expenditure｜Semiconductor capital flows｜US Treasury yields
Warsh gave a positive assessment of US economic resilience but emphasized that inflation still needs to improve further, keeping the market cautious about the future interest rate path.
Regarding AI, NVIDIA’s strong performance continues to provide fundamental support, but the market is increasingly focused on the ability of companies with high valuations to deliver actual profits and capital expenditures.
NVDA, AMD, MU, SNDK, MRVL, AVGO, and other AI and semiconductor supply chain stocks remain market highlights.
4. Key Stock｜NVDAUSDT
NVDA remains a key indicator for the global AI and technology sectors.
NVIDIA FY2027 Q2 core results:
• Revenue: $96.221 billion｜YoY +106%
• Data center revenue: $89 billion｜YoY +117%
• Non-GAAP EPS: $2.22
• GAAP gross margin: 75.0%
• Q3 revenue guidance: $108 billion ±2%
• Q3 gross margin guidance: 74.0% ±0.5 percentage points
Current market focus:
• AI data center demand
• Vera Rubin volume progress
• AI capital expenditure by large tech companies
• Data center business growth rate
• Gross margin changes
• Q3 revenue realization
After earnings release, the market’s trading logic on NVIDIA has gradually shifted from “performance expectations” to “valuation and growth realization.”
NVDA’s subsequent trend may continue to influence semiconductor stocks such as AMD, MU, SNDK, MRVL, AVGO, and overall Nasdaq risk appetite.
5. August29 Headlines
1｜Jackson Hole Policy Signals Continue to Digest
Warsh stated at Jackson Hole that the US economy remains resilient overall, but inflation still needs further improvement toward the target.
The market will continue to assess the impact of his speech on future interest rate policy, US Treasury yields, and the US dollar trend.
Key focuses:
• US inflation
• Interest rate policy path
• US Treasury yields
• US dollar index
• Tech stock valuations
2｜Potential Changes in Fed Policy Communication
Warsh said the role of normalized forward guidance should be limited, and monetary policy should maintain greater decision-making flexibility.
This means the market may rely more in the future on:
Economic data｜Inflation｜Employment｜US Treasury｜Financial conditions
to judge the Fed’s next policy steps.
3｜AI Investment Continues to Attract Attention
Warsh focused on AI in his speech, believing it could become a new factor of production and enhance the long-term productivity of the US economy.
US corporate capital expenditures maintain rapid growth, with AI infrastructure construction contributing significantly.
The market continues to watch:
NVDA｜AMD｜AVGO｜MU｜SNDK｜MRVL｜MSFT｜META｜AMZN
4｜NVIDIA Earnings Enter Ongoing Pricing Phase
NVIDIA’s strong quarterly revenue, data center growth, and Q3 guidance continue to support the AI investment thesis.
Market focus further shifts to:
AI demand｜Capital expenditure｜Vera Rubin｜Profit margin｜Valuation｜Performance realization
5｜Marvell Earnings Affect Semiconductor Sentiment
After Marvell’s earnings release, its stock price came under pressure, causing the market to reassess growth expectations for AI networking, custom chips, and data center businesses.
With consecutive earnings from NVIDIA and Marvell, performance within the AI supply chain may further diverge.
6. Today’s Focus
The market’s key focus is on five main themes:
Warsh policy signals｜US Treasury yields｜NVIDIA｜AI and semiconductors｜Tech stock valuations
Key tech stocks to watch:
NVDA｜META｜MSFT｜SNDK｜AMZN｜TSLA
NVIDIA’s strong performance continues to support the long-term AI investment thesis, but market attention has shifted from pure revenue growth to valuation, capital expenditure, and earnings realization.
Meanwhile, Warsh’s comments on inflation and monetary policy may continue to influence US Treasury yields.
If yields continue to rise, high-valuation tech stocks may face some pressure; if yields fall, it may improve the valuation environment for growth stocks.
7. Today’s Time Reminder
US stock trading hours｜21:30–04:00 (Beijing Time)
Market liquidity and trading activity are usually high.
Pre-market and after-hours｜16:00–21:30 / 04:00–08:00
Liquidity is relatively lower; be cautious of rapid price fluctuations around major earnings and macro events announcements.
Weekend Market Closure
August 29 is Saturday; the regular US stock market is closed.
TEBBIT US stock perpetual contracts may continue trading during US market closures; attention should be paid to market liquidity, price deviations, and potential gap risks for the next trading day.
Actual trading hours and market conditions are subject to the TEBBIT platform’s displayed times.
8. Risk Warning
US stock perpetual contracts are leveraged trading products and may experience significant price volatility.
Market volatility may increase significantly around major tech earnings, US economic data, Fed policy signals, and major macro events.
Please manage positions and leverage reasonably and pay full attention to market liquidity, price fluctuations, and leveraged trading risks.
9. Disclaimer
This article is for market information reference only and does not constitute any investment or trading advice.
Relevant market data are sourced from public markets and the TEBBIT platform; differences in prices and timing may exist between sources.
TEBBIT US stock perpetual contracts are continuous trading products; their actual transaction prices, mark prices, and settlement prices may differ from the corresponding US stock spot market prices.
Users should make independent judgments based on their own situations and bear the related trading risks themselves.
TEBBIT Team