Dow Jones and Nasdaq futures flat as Nvidia and Salesforce earnings digested

• Nvidia reported its 16th earnings beat in 17 quarters with adjusted EPS of $1.62 (versus $1.50 expected) and expects no China data center revenue in Q1 guidance, with Wedbush projecting the company could reach $6 trillion market cap by 2027
• Markets opened mixed with Dow up 0.4% but Nasdaq down 0.8% as Nvidia dropped 2.3% and semiconductor stocks fell, while Salesforce swung positive despite afterhours declines on AI competition concerns
• Oil prices fell 2.2% to under $64/barrel ahead of an OPEC+ meeting, with upcoming economic data including jobless claims and January PPI expected to show declining price pressures

Market Summary: Nvidia and Salesforce Earnings Drive Mixed Session

Market Performance:

US markets opened mixed on February 26, 2026, with the Dow up 0.4%, the S&P 500 down 0.3%, and the Nasdaq falling 0.8%. Nvidia shares dropped 2.3% despite strong earnings, while semiconductor stocks broadly declined.

Nvidia Results:

The chipmaker delivered its 16th beat in 17 quarters, reporting Q4 revenue of $68.13 billion (up 73% year-over-year) and adjusted EPS of $1.62 (up 82%), exceeding the $1.50 consensus. The company announced Q1 guidance of approximately $78 billion versus $72.78 billion expected, assuming zero revenue from China's data center market. Nvidia maintains a $58.5 billion buyback program and highlighted that "agentic AI inflection point has arrived."

Despite the beat, shares cooled after an initial 4% afterhours pop. Wedbush analyst Dan Ives called it a "gold medal performance," projecting Nvidia could reach a $6 trillion market cap by 2027 within a $4 trillion AI infrastructure addressable market.

Salesforce Update:

The software company fell 3% afterhours despite beating quarterly expectations, as revenue guidance came in slightly below Street estimates. Subscription revenues rose 13%, free cash flow increased 39%, and the company announced a $50 billion share buyback program. Concerns persist about AI disruption to its business model.

Broader Market Context:

Oil prices dropped 2.2%, with WTI trading below $64 per barrel ahead of an OPEC+ meeting. Economic data releases include jobless claims and January PPI data expected to show declining price pressures.