Nasdaq futures surge 300 points: 5 things to know before Wall Street opens

• Nvidia jumped over 7% premarket after reporting data-centre sales up 117% to $89 billion and guiding Q3 revenue to $108 billion, though gross margin is expected to decline from 75% to about 74% due to rising memory costs
• Salesforce rose 7% after raising fiscal 2027 revenue guidance to $46.1-$46.4 billion, with Agentforce and Data 360 annual recurring revenue reaching $3.9 billion (up 210% year-over-year); CrowdStrike climbed 9% on 26% revenue growth to $1.47 billion
• July inflation remains elevated with headline at 3.7% and core at 3.3%, both above the Fed's 2% target, keeping rate increase prospects alive ahead of Warsh's Friday keynote at Jackson Hole

Summary

Market Movement:

Nasdaq 100 futures surged approximately 1% (roughly 300 points) on Thursday, August 27, 2026, driven by Nvidia's exceptional earnings outlook. S&P 500 futures gained 0.5%, while Dow futures remained flat.

Key Company Developments:

*Nvidia (NVDA):* Shares jumped 7% pre-market after projecting 70% revenue growth for fiscal 2028, significantly exceeding expectations. Data-center sales surged 117% to $89 billion, with total revenue up 106% year-over-year. Q3 guidance targets $108 billion in revenue. However, gross margins are expected to compress from 75% to 74% in the current quarter, potentially falling to 71%-72% in January due to rising memory costs.

*Salesforce (CRM):* Stock climbed after raising fiscal 2027 revenue guidance to $46.1-$46.4 billion. Agentforce and Data 360 annual recurring revenue reached $3.9 billion, up 210% year-over-year. The company expanded its Anthropic partnership through Claudeforce.

*CrowdStrike (CRWD):* Gained 9% after reporting 26% quarterly revenue growth to $1.47 billion and raising full-year outlook.

Market Implications:

The rally validates the AI infrastructure trade, though concerns remain about whether hyperscalers can monetize AI investments effectively. Memory chip stocks also benefited from Nvidia's supply constraint warnings.

Macro Risks:

Inflation remains elevated at 3.7% headline and 3.3% core—above the Fed's 2% target. Fed Chair Kevin Warsh's Jackson Hole speech on Friday (August 29) represents the next major catalyst, with markets awaiting guidance on September rate decisions.