The Nasdaq remains cautiously bullish after Nvidia delivered an exceptional fiscal Q3 2026, driven by relentless AI hardware demand. Revenue hit $57.0B (+62% YoY) and net income $31.9B (+65% YoY). Guidance points to another +14% sequential revenue increase, and share buybacks of $37B YTD support long-term valuation.
While broader tech earnings remain strong, debate continues around potential earnings “window dressing” via extended asset depreciation schedules.
Key Levels: Support 24,865.9 │ Resistance 26,333.7
Investor Takeaway: RSI at 70 trending up; MACD shows emerging buying pressure. AI strength offsets concerns around accounting practices.