Warsh sent yields skyward, and while tech took a hit, our AI bets like WDAY kept climbing the ladder

Morning brief: NVDA and CRM crushed their AI numbers, and suddenly enterprise tech is the place to be

Published Aug 28, 2026, 8:01 AM EDT

Tech Rallies on Enterprise AI Beats

Fear & Greed sits at 58 as blowout earnings from Nvidia and Salesforce silence software slowdown fears and drive broad pre-market buying.

Salesforce Surges 22.6% on Earnings

Salesforce jumped 22.58% after crushing Q2 estimates, lifting full-year outlook, and unveiling an AI partnership with Anthropic called Claudeforce.

Nvidia Rallies 8.7% on Q3 Guidance

Nvidia surged 8.74% following a Q2 earnings beat and $108B quarterly revenue forecast, confirming AI hardware demand continues to accelerate rapidly.

Celsius Drops 6.4% on Wall St Cut

Celsius fell 6.36% after Deutsche Bank downgraded the energy drink maker to Hold, citing persistent weakness and execution delays in its core brand.

Watch Broadcom Ahead of Next Catalyst

With enterprise tech rallying, all eyes now turn to Broadcom reporting next week to confirm whether custom AI chip demand stays equally strong.

Posture: With Fear & Greed at 58, we maintain a cautiously optimistic posture, leveraging enterprise AI momentum while preserving downside discipline.

Tickers in focus: NVDA, CRM

Upcoming earnings

• AVGO — 2026-09-02, After Market Close
• PL — 2026-09-03, TBD
• AVAV — 2026-09-09, TBD
• ADBE — 2026-09-10, After Market Close
• ORCL — 2026-09-14, TBD
• MU — 2026-09-21, After Market Close

Evening brief: Warsh sent yields skyward, and while tech took a hit, our AI bets like WDAY kept climbing the ladder

Published Aug 28, 2026, 8:01 PM EDT

Warsh Hawkish Speech Pressures Markets

Hawkish Jackson Hole remarks from Fed Chair Kevin Warsh raised rate hike fears, driving Treasury yields higher and pressuring tech stocks.

Marvell Sinks 10.28% Post-Earnings

Despite beating Q2 estimates and raising full-year guidance, MRVL dropped due to valuation concerns and sparse details on its Google deal.

IREN Tumbles 12.53% After Q4 Loss

Shares plummeted as a $450M hardware impairment and a wider net loss eclipsed news that AI cloud revenue surpassed Bitcoin mining.

Workday Rallies 5.76% on AI Surge

WDAY surged after Q2 earnings beat estimates, fueled by tripling AI annual recurring revenue to $600M and a boosted margin guidance.

Watch Broadcom Earnings Next Week

All eyes shift to Broadcom reporting on September 2 for the next key test of custom AI chip demand and enterprise tech spending.

Posture: Maintaining a cautious neutral stance as Fed rate hike concerns drive yields higher while market sentiment sits at 54.

Tickers in focus: QQQ, MRVL, WDAY

Upcoming earnings

• AVGO — 2026-09-02, After Market Close
• PL — 2026-09-03, TBD
• AVAV — 2026-09-09, TBD
• ADBE — 2026-09-10, After Market Close
• ORCL — 2026-09-14, TBD
• MU — 2026-09-21, After Market Close

The day's lineup changes

• Aug 28, 2026 · PAAS — Sold @ $52.87 +9.9% (Cut)
  Exiting PAAS to reallocate capital into higher-conviction AI semiconductor equipment leader AMAT while keeping slate balanced.
• Aug 28, 2026 · AMAT — Stage change — → Buy Zone @ $462
  Monopolistic wafer fab equipment positioning catches accelerating HBM and GAA transistor capex waves in prime buy-zone.