Nvidia Results Impress, But Shares Fall | The Close 8/26/2026

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Northwestern Mutual Wealth Chief Portfolio Manager, Equities Matt Stucky, JPMorgan Asset Management Executive Director, Global Market Strategist Meera Pandit, Telsey Advisory Group CEO Dana Telsey, NYU Emeritus Professor, Psychology and Neural Science Gary Marcus, Gabelli Funds Portfolio Manager & Managing Director for Growth Portfolios John Belton, AOL Co-Founder Steve Case, Seaport Research Partners Semiconductors & Electronics Senior Analyst Jay Goldberg, Cressent Founding Partner & Chief Investment Strategist Jack Ablin, NYU Professor Stern School of Business Professor Aswath Damodaran, DataBank Incoming CEO Kevin Ooley, & Council on Foreign Relations Senior Fellow for China Chris McGuire.

Chapters:
00:00:00 Bloomberg The Close
00:03:25 Nvidia Earnings Preview: Growth, Valuation & Competition
00:10:20 JPMorgan on Inflation, Fed Rates & PCE
00:11:48 Jackson Hole Preview: What to Expect From Kevin Warsh
00:14:08 AI Spending, Debt & Inflation Risks
00:16:14 Top Calls
00:18:21 Abercrombie Surges on Earnings
00:22:39 Gary Marcus on Anthropic’s $30 Trillion AI “Fantasy”
00:26:30 Is the AI Boom Becoming a Speculative Bubble?
00:29:22 Gary Marcus on AI Risks, Regulation & Society
00:32:15 Meta’s $7.8 Billion Teen Social Media Settlement
00:36:37 Nvidia’s High Expectations & Long-Term Growth Questions
00:38:04 Blackwell, Neo-Clouds & Nvidia’s AI Strategy
00:40:09 Nvidia’s Circular Financing & Pricing Power
00:43:00 Vera Rubin & Nvidia’s Next Growth Cycle
00:48:02 Steve Case on AI & the Value of Human Connection
00:49:10 Why Investors Are Turning to Real Estate & Experiences
00:53:22 Salesforce & CrowdStrike Earnings Cross the Wire
00:54:12 Steve Case Compares the AI Boom to the Internet Gold Rush
00:55:16 Vertical AI & the Next Wave of Opportunity
00:57:35 Finding the Winners in an AI-Driven Economy
01:03:18 Nvidia Faces Growing Competition in AI Inference
01:04:39 Vera Rubin, Power Constraints & Nvidia’s Pricing Power
01:05:46 Nvidia Earnings Arrive: Revenue Beats Estimates
01:08:29 Can Vera Rubin Reaccelerate Nvidia’s Growth?
01:10:04 AMD, Google & OpenAI Challenge Nvidia’s Dominance
01:11:53 Nvidia Demand, Supply Constraints & Margin Pressure
01:13:51 Investor Reaction: “Perfection Is the New Consensus”
01:15:39 How Much Margin Compression Can Nvidia Withstand?
01:16:37 Where Are the Next Big AI Investment Winners?
01:18:17 Could Nvidia Repeat Cisco’s Dot-Com Era Fall?
01:19:49 AI’s “Bar Mitzvah Moment”: Investors Demand Real Returns
01:22:37 Nvidia’s Growth & Margins Face Long-Term Pressure
01:24:20 Anthropic’s $30 Trillion Claim Raises More AI Questions
01:28:25 DataBank CEO on the AI Data Center Power Crunch
01:31:03 Power, Grid Constraints & Data Center Moratoriums
01:32:13 How Much AI Infrastructure Spending Is Actually Real?
01:34:22 Should the U.S. Tighten Nvidia Chip Restrictions?
01:35:48 China’s Semiconductor Push & the Impact of Export Controls
01:37:03 Loopholes in U.S. Chip Controls
01:38:27 Can Export Controls Backfire on U.S. Chipmakers?
01:40:29 Nvidia’s Long-Term Growth Story After Earnings
01:41:22 Nvidia’s $279 Billion Supply Commitments
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