Bitget UEX Daily | Warsh’s Jackson Hole Debut Tonight; Nvidia Surges Nearly 9% and Breaks the “Earnings-Day Curse”; Spot Bitcoin ETFs See $2.8 Billion of Inflows Over Eight Sessions (August 28, 2026)

I. Hot News Highlights

Federal Reserve Dynamics

Warsh’s Jackson Hole Debut Tonight; Markets Focus on Inflation Credibility

• Fed Chair Kevin Warsh will deliver his first Jackson Hole keynote at 22:00 Friday (UTC+8). The core watchpoints are his commitment to the inflation target, his communication framework, and the Fed’s role in a high-debt environment.
• Goldman Sachs expects no explicit guidance on the September meeting. He is more likely to reaffirm the 2% target, explain a “say less and let markets react to data” communication approach, and discuss productivity and global shocks.
• CME data put the probability of holding rates unchanged in September at about 63.5%, versus about 36.5% for a cumulative 25 bp hike.
  Market Impact: The speech is the week’s pricing anchor. If he again avoids a roadmap, long-end yields and the dollar could become more volatile; if he restates a hard anti-inflation stance, rate-sensitive growth stocks may face near-term pressure.

International Commodities

U.S. Declines to Return to the June Iran Understanding; Hormuz Stalemate Continues

• The Wall Street Journal, citing people familiar with the matter, reported that the Trump administration has repeatedly told mediators it has no intention of returning to the June memorandum of understanding with Iran.
• Iranian officials said they have prepared a list of conditions for Washington. Ships are currently allowed only through a temporary designated channel, and future passage would depend on a new understanding.
• Bloomberg reported that Venezuela is assessing a possible exit from OPEC, a topic already raised in talks with U.S. officials.
  Market Impact: Expectations of a diplomatic breakthrough have cooled, giving oil geopolitical support. Concerns about OPEC cohesion have risen, increasing near-term crude volatility and making the sticky-inflation narrative harder to fade.

Macroeconomic Policy

Canada Widens Retaliatory Tariffs; Data-Center Constraints Persist

• Canada added copper wire, charcoal and other items to its 50% retaliatory-tariff list. Coverage remains calibrated to about $20 billion of U.S. goods, with measures effective September 8.
• Institutions continue to warn that planned data centers face delay or cancellation risk, as power and community constraints slow AI infrastructure delivery.
  Market Impact: North American trade friction and power bottlenecks form a dual constraint. Domestic equipment and supply-chain themes are drawing attention, and tech capex expectations are becoming more differentiated.

II. Market Review

Commodities & Forex Performance

• Spot Gold: Approx. $4,597/oz, +0.06%
• Spot Silver: Approx. $69.25/oz, +0.12%
• WTI Crude: Approx. $83.47/bbl, -0.06%
• Brent Crude: Approx. $88.45/bbl, -0.19%
• US Dollar Index (DXY): Approx. 99.12, +0.01%

Driver Analysis: Washington’s refusal to return to the June Iran deal reduced hopes for a near-term reopening of Hormuz and put a floor under oil. Gold consolidated at elevated levels ahead of Warsh’s speech, while silver received support from industrial demand. Dollar-call hedging in the options market increased, showing traders are reluctant to accumulate large USD shorts before the speech. Institutional views hold that near-term commodities are driven by a “geopolitical stalemate + policy-communication vacuum,” with the linkage running from fading negotiation hopes → oil support → persistent sticky-inflation concerns → metals and FX waiting for Warsh to set the tone.

Cryptocurrency Performance

• BTC: Approx. $80,785, +2.6%
• ETH: Approx. $2,520, +1.2%
• Crypto Total Market Cap: Approx. $2.79 trillion, +1.7%
• Market Liquidations: 24-hour liquidations $370 million, of which shorts $226 million
• Bitget BTC/USDT Liquidation Map: BTC currently around $80,700. Significant short-liquidation pressure is clustered in the $81,000–$82,000 zone above; a sustained break of $81,000 could trigger a further short squeeze. Long liquidations are relatively concentrated near $78,500–$80,000; a break back below $80,000 could accelerate leveraged-long liquidations and amplify short-term volatility.

• Spot ETF Net Flows: August 26 net inflow about $232 million; cumulative net inflows over the past eight sessions about $2.8 billion.

Driver Analysis: Nvidia’s earnings lifted risk appetite, and consecutive spot-ETF inflows helped Bitcoin reclaim $80,000. ETH lagged BTC, suggesting capital is still favoring the hard-asset / debasement-trade line rather than altcoin beta. Institutional consensus points to short-term pricing driven jointly by ETF liquidity and Warsh’s speech. The $82,000–$86,000 zone remains both technical resistance and a short-liquidation band.

US Equity Index Performance

• Dow Jones: Closed at 53,569.44, +0.20%
• S&P 500: Closed at 7,730.99, +0.72%, with mega-cap contributions dominant
• Nasdaq: Closed at 26,541.35, +1.57%, led by technology and software

Tech Giants Dynamics

• NVDA: $228.00, +8.74%
• AAPL: $314.80, +0.43%
• MSFT: $506.00, +1.94%
• GOOGL: $340.80, -0.35%
• AMZN: $256.90, -1.30%
• META: $571.20, -0.86%
• TSLA: $354.25, +2.44%

Performance Summary & Driver Analysis: All three major indexes rose, but breadth was limited. The equal-weight S&P did not keep pace, and gains were highly concentrated in Nvidia and software earnings winners. Nvidia’s single-day market-cap gain of about $440 billion explained most of the index advance. Apple and Microsoft were relatively steady, while Amazon and Alphabet lagged on valuation digestion and rotation. The software rebound suggests investors are no longer indiscriminately pricing a “SaaS winter,” but are again differentiating names that can convert AI into recurring revenue.

Sector Movers Observation

Software / SaaS – Sharp Rebound

• Representative stocks: Salesforce up more than 22%; CrowdStrike up more than 20%.
• Drivers: Earnings and guidance beat estimates. Analysts argued the “SaaS endgame” narrative was overdone, as AI features begin to show up in recurring revenue.

Semiconductors / AI Hardware – Leaders

• Representative stocks: Nvidia up nearly 9%; Intel up more than 4%.
• Drivers: Nvidia’s demand validation repaired the AI-capex narrative and lifted risk appetite across the compute chain.

Crypto-Related Stocks – Follow-Through Strength

• Representative stocks: Trading platforms and Bitcoin-treasury proxies generally higher.
• Drivers: Bitcoin’s return above $80,000 and consecutive ETF inflows supported sentiment.

III. In-Depth US Equity Analysis

1. Nvidia (NVDA) – Breaks the “Earnings-Day Curse” With a Nearly 9% Surge

Event Overview: Nvidia reported FY2027 Q2 revenue of $96.2 billion, up 106% year-over-year, and data-center revenue of $89.0 billion, up 117%. The company unusually guided to about 70% FY2028 revenue growth and said the outlook would be higher without supply constraints. Shares rose nearly 9% in regular trading, adding about $442 billion in market cap—the best post-earnings performance since April 2025. Markets also focused on reports that Nvidia is expanding its AI-ecosystem investments.
Market Interpretation: Institutions see the report as simultaneous validation of demand intensity, guidance visibility and pricing power. Giving high-growth guidance a full year early is rare and implies improved order visibility; the “supply-constrained” qualifier also means bottlenecks remain and the pricing logic is not over. Analysts caution that index gains were overly concentrated in one mega-cap weight and that follow-through across the broader AI chain still needs confirmation.
Investment Implications: The medium-term demand thesis is stronger after the beat, but near-term crowding has increased. Monitor supply release and divergence in customer capex.

2. Salesforce (CRM) – Beat and Raised Full-Year Guidance

Event Overview: Salesforce reported FY2027 Q2 revenue of $11.3 billion, up 11%, and subscription-and-support revenue of $10.8 billion. Current remaining performance obligation rose 14% year-over-year to $33.5 billion. Full-year revenue guidance was raised to $46.1–$46.4 billion, implying 11%–12% growth. The company also announced Claudeforce, a partnership with Anthropic. Shares jumped more than 22%.
Market Interpretation: Institutions view the move as a correction of the “software growth stall” pricing. Accelerating cRPO and a guidance raise suggest AI features are entering renewal and expansion cycles rather than remaining conceptual. Analysts will watch the split between Informatica’s contribution and organic growth, as well as the margin impact of pending acquisitions.
Investment Implications: The key variable for software repair is recurring-revenue quality, not one-off thematic trading.

3. CrowdStrike (CRWD) – Record Net-New ARR

Event Overview: CrowdStrike reported FY2027 Q2 revenue of $1.47 billion, up 26%, and non-GAAP EPS of $0.31. Ending ARR reached $5.84 billion, with record net-new ARR of $333 million, up 51% year-over-year. ARR from Falcon Flex accounts doubled to $2.29 billion. The company raised its full-year net-new ARR growth outlook. Shares rose more than 20%.
Market Interpretation: Institutions see cybersecurity as one of the more rigid slices of AI spend. The Flex model improved expansion elasticity, and international revenue accelerated for a fifth consecutive quarter, showing growth is not solely dependent on large North American accounts. Analysts will watch whether margin expansion can coexist with high growth.
Investment Implications: Suitable as high-beta exposure to AI-security adoption; track net-new ARR and retention rates.

4. Tesla (TSLA) – Rises Nearly 3% With the Tech Rebound

Event Overview: Tesla rose about 2.4% to $354.25, outperforming some consumer-tech leaders. Markets also noted Trump’s executive order restricting certain foreign power equipment from the U.S. grid, which some analysts see as an indirect positive for domestic energy-storage and grid capabilities.
Market Interpretation: Institutions attribute the move more to repaired risk appetite and a return of tech beta than to a standalone fundamental inflection. Energy and grid policy add a narrative increment, but deliveries, gross margin and autonomous-driving commercialization remain the medium-term pricing core.
Investment Implications: Near-term trading remains tied to tech sentiment; the medium-term case still depends on energy-business contribution and execution.

5. Apple (AAPL) – Relatively Steady Ahead of the Launch Event

Event Overview: Apple closed slightly higher. The company has confirmed its autumn event for early morning September 10 Beijing time, with markets still pricing the first foldable iPhone and the iPhone 18 Pro series.
Market Interpretation: In a session dominated by Nvidia and software spikes, Apple’s smaller gain shows capital chasing higher-beta themes. Institutions still regard it as the more stable cash-flow allocation inside technology and remain focused on pricing and the replacement cycle.
Investment Implications: Suitable as a relatively defensive core holding in tech; watch launch pricing and first-sale data.

IV. Market & Project Updates

1. Bitcoin reclaimed $80,000. Spot ETFs recorded about $2.8 billion of cumulative net inflows over eight sessions, with IBIT contributing the bulk.
2. Bernstein continues to position Bitcoin as a core “debasement-trade” asset and maintains a $300,000 year-end 2029 target.
3. Glassnode said August 19 produced the largest single-day short liquidation in its records. The $82,000–$86,000 zone remains key resistance and a liquidation band.
4. Reports that Nvidia is in talks to acquire open-source model platform Hugging Face for about $12.9 billion reinforced the narrative of its expansion into the model ecosystem.
5. Strive CEO Matt Cole said the next year may be difficult, but that over the following four to five years Bitcoin could comfortably exceed $500,000. He argued the dollar is depreciating and that scarce assets such as gold, silver and Bitcoin should be viewed as wealth-preservation tools rather than measured in today’s dollar terms.

V. Today’s Market Calendar

Data Release Schedule

Key Event Preview

• Warsh speech: 22:00 August 28 (UTC+8). Focus on the 2% inflation target, communication framework, and fiscal/debt issues—not on whether he names a September hike.
• Preliminary non-farm employment benchmark revision: Tests the scale of labor-market data revisions.
• Digestion of the Nvidia move: Watch whether gains broaden beyond the mega-cap itself.

Institutional Views

Investment-bank analysts argue that Nvidia’s beat and unusually long-dated guidance have materially repaired the AI-demand narrative, while Salesforce and CrowdStrike show that “software growth stall” pricing moved too far, too fast. Warsh’s Jackson Hole debut remains the macro centerpiece; markets care more about whether he can produce an anti-inflation roadmap than about a one-off hawkish or dovish label. Geopolitically, the U.S. refusal to return to the June Iran understanding has put a floor under oil and made sticky-inflation concerns harder to fade. Crypto has reclaimed $80,000 on ETF inflows and a short squeeze, but $82,000–$86,000 remains the key test. Overall strategy recommendation: treat tonight’s speech as a volatility catalyst; stay flexible on high-valuation growth stocks; and continue to track storage, optical communication, software monetization and power constraints as structural themes.

Disclaimer: The above content is compiled by AI search and verified by humans for publication only. It does not constitute any investment advice. Data in the text may inevitably contain deviations; please refer to real-time market data.