Hello everyone, welcome back to the U.S. stock analysis channel. I’m lorder. It is now 8:25 p.m. Eastern Time on Wednesday, August 26, 2026. Today’s regular session was, frankly, uneventful, with the four major indices closing nearly flat. However, the after-hours earnings reports brought considerable movement. NVIDIA’s results initially dipped but then rallied, while Salesforce and CrowdStrike surged sharply. We’ll focus on the earnings from NVIDIA and CRM shortly. Also, Meta’s lawsuit has been settled; we’ll follow up on that in a moment.

Our stance today is bullish. In my view, Meta’s litigation settlement removes a layer of uncertainty, which is a positive. Salesforce delivered strong earnings and its AI partnership prospects are improving, though the stock faces technical resistance. NVIDIA’s earnings were solid, its forward revenue guidance is optimistic, and the technical picture supports further upside.

Before we dive into individual stocks, let’s review today’s economic data. The data point for the day was the July PCE price index. Core PCE rose 0.2% month-over-month, matching expectations; headline PCE rose 0.2% month-over-month, above the 0.1% forecast. Core PCE increased 3.3% year-over-year, which was in line with both the prior reading and expectations. Headline PCE rose 3.7% year-over-year, exceeding the 3.6% forecast.

Although the two-year U.S. Treasury yield saw a slight uptick after the PCE release, overall, the money market’s interest rate expectations for the Fed’s September meeting remained unchanged. The market still assigns roughly a 60% probability to rates staying on hold. However, longer-dated Treasury yields fell considerably today. The 10-year yield dropped 1.39%, and the 30-year yield fell 1.18%. It appears the signal sent by the Treasury’s current bond buyback program is exerting some downward pressure on long-end yields, but we still need to watch how this trend develops.

The second data point today was the second estimate of U.S. second-quarter real annualized GDP, which was maintained at 1.5%, matching expectations. Growth was supported mainly by consumer spending, exports, and investment, partially offset by a decline in government spending. Those were the two economic releases for today. Now, let’s move directly to individual stocks.

First, let’s discuss Meta. There was prior concern that if Meta lost its lawsuit with multiple U.S. states, it would cause significant trouble. Now that the lawsuit is settled, this undoubtedly removes a major uncertainty, which is a positive. However, the stock price is still confined to a choppy range, with a key resistance zone around $581 to $632. We need to see substantial progress on AI monetization or cost control before a clearer direction emerges.

Next, let’s look at Salesforce. The company’s after-hours earnings and forward guidance both exceeded expectations, and developments in AI partnerships have bolstered market confidence. The stock rose to around $235 in after-hours trading. But this level represents strong technical resistance; the stock could face a pullback after rallying to this point. If it can break through effectively, it would enter a technically right-sided trading range; otherwise, it might need to retrench a bit. Also, there is some uncertainty around accounting adjustments in its fiscal 2028 forward valuation, which is worth noting.

Finally, let’s focus on NVIDIA. After the earnings release, the stock was trading around $218 in the after-hours session. The current quarter’s performance was solid, but more critically, the company provided strong revenue growth guidance for fiscal 2028, around 70%, which acts as a significant shot of confidence. From a technical perspective, monthly, weekly, and daily indicators all support upward price movement, with no obvious technical risks at the moment. The key resistance level sits at $236; a breakout above that would likely open up further upside. You could say that, right now, from fundamentals to technicals, it’s an opportune window for NVIDIA to move higher. Of course, its market cap is enormous, requiring substantial capital inflows. Unless selling pressure diminishes, pushing it higher will take time. Personally, I’m holding my position steady and continuing to watch it challenge new highs.

Of course, we must also see the risks clearly. For Meta, if the AI monetization process remains slow, it could continue to weigh on the stock’s performance. For Salesforce, the risk of encountering resistance and pulling back at the strong $235 level is something to be aware of. On the NVIDIA side, next quarter’s gross margin guidance is between 73.5% and 74.5%, slightly below expectations. Moreover, its revenue growth is heavily dependent on revolving credit financing within the AI ecosystem, a model that carries potential risk. Additionally, rising memory costs could further compress gross margins. On the macro level, whether the downtrend in long-end Treasury yields can persist remains to be seen.

That wraps up today’s update and analysis on the market and some individual stocks. Thank you for listening, and I’ll see you in the next episode.