S&P 500 and Nasdaq rise in final hour as Wall Street awaits Nvidia results

US equity markets pushed higher in the final trading hour on Tuesday, with the S&P 500 and Nasdaq Composite both posting gains as Wall Street collectively held its breath for Nvidia’s fiscal Q2 2027 earnings report. The results, due after the closing bell, have become something of a quarterly referendum on whether the AI spending boom is real or just vibes. The S&P 500 gained between 0.19% and 0.31% on the session, while the Nasdaq climbed roughly 0.45% to 0.66%, lifted by a rebound in technology and semiconductor stocks that had sold off in prior sessions. The Nvidia question Analysts expect Nvidia to report approximately $92 billion in revenue for the quarter, nearly double what the company posted a year ago. Adjusted earnings per share estimates sit around $2.09 to $2.10. Nvidia’s stock has declined on the day following each of its last four earnings reports, regardless of whether the numbers beat expectations. On August 26, shares traded roughly 1% lower heading into the report. Still, the stock has managed a roughly 13% gain year-to-date, even if it remains below its recent peaks. AI spending under the microscope The company has secured up to $105 billion to support a ...