Nvidia Delivers, Markets Hold Bullish Tone
Date: 26 February 2026
Overview
The article discusses the market's reaction following Nvidia's earnings report, which was released after the market closed on Wednesday. Nvidia's earnings per share (EPS) and revenue exceeded expectations, contributing to a sustained bullish sentiment in the equity markets.
Nvidia's Earnings Report
Nvidia reported strong financial results, with both EPS and revenue surpassing market forecasts. Despite these positive results, the stock's after-hours trading remained relatively flat, indicating that while the numbers were impressive, they did not contain any major surprises that could significantly alter market sentiment.
Market Sentiment
The overall mood in the equity markets remained positive, with indices showing upward momentum for three consecutive sessions. The lack of negative surprises from Nvidia helped maintain this bullish tone, particularly in technology sectors.
Macro Calendar and Market Drivers
Interestingly, the macroeconomic calendar for the day was light, which is atypical for Thursdays that usually feature significant US data releases. This absence of major economic indicators meant that market movements were primarily driven by technical factors and overall sentiment rather than new economic data.
Currency and Commodity Markets
In the foreign exchange market, the Japanese yen showed signs of recovery after experiencing heavy losses the previous day. Yen pairs rallied sharply, although a correction was observed during the Asian session. Meanwhile, the US dollar and Canadian dollar faced downward pressure.
Commodity markets also reflected a positive trend, with both metals and oil prices trading higher, aligning with the bullish equity sentiment. Although the movements were not aggressive, the overall bias was upward.
Bitcoin's Performance
Bitcoin emerged as a standout asset, rebounding nearly 10% after establishing a local bottom earlier in the week. This significant recovery indicates renewed optimism within the cryptocurrency market, suggesting a stable risk appetite among investors.
Conclusion
The article concludes that the market has effectively digested Nvidia's earnings report without any disruption. Equity indices remain supported, commodities are firm, and cryptocurrencies are leading the upward charge. With no major macroeconomic catalysts on the horizon, market movements are expected to be guided by sentiment and technical levels.