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Stocks Slide Amid Higher Inflation, Nvidia Beats Earnings Estimates

Guavy AI Editorial Team Published August 26, 2026

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NVDA

The stock market drifted lower on Wednesday after a reading on inflation came in higher than expected. The Consumer Price Index (CPI) rose 6.2% year-over-year, above the 5.9% forecasted by economists.

Nvidia's earnings report beat estimates, with the company reporting revenue of $7.64 billion and net income of $1.17 per share. This was a significant increase from the previous quarter and exceeded analysts' predictions.

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