ChainThink news: On August 26, pre-market activity in U.S. equities focuses on the following events: NVIDIA will release its second-quarter earnings after the close of trading on Wednesday, with Wall Street expecting revenue to exceed $92 billion and third-quarter revenue to reach approximately $103.7 billion.
This earnings report is seen as a key indicator of AI trading sentiment and may influence the future direction of the AI sector. The U.S. July PCE annual rate came in at 3.7%, above the expected 3.6%, while the core PCE annual rate of 3.3% matched expectations.
After the data release, market expectations for a Fed rate hike in September rose to 42%, up from 36%. According to a Reuters survey, the S&P 500 is forecasted to reach 7,900 by the end of 2026, with the Dow Jones expected at 54,500.
With 10 weeks remaining until the 2026 U.S. midterm elections, the Democratic Party is leading by approximately 6 percentage points in congressional polling; if they regain control of Congress, the U.S. could enter a divided government scenario.
Alibaba has completed a rights offering of 710 million new shares at HK$112.70 per share, raising a net proceeds of HK$80 billion to strengthen its global AI strategy.
MiniMax disclosed that its token consumption in July reached 20 times that of January, with Q2 revenue increasing by 81.8% quarter-over-quarter, and August ARR exceeding $800 million.
Samsung Electronics and SK Hynix plan to increase their supply of 8-layer HBM4 memory to NVIDIA in the second half of the year.
Approximately 81,700 Bitcoin options will expire this Friday, with a notional value of about $6.44 billion; open interest is concentrated at strike prices of $75,000 and $80,000.
Bank of America maintains its "Buy" rating on NVIDIA and a $350 price target, expecting revenue to exceed estimates by another 3%-4%, but the market is more focused on its off-balance-sheet commitments.