Stocks to Watch Today, September 3, 2026: Nvidia Rebounds as Tesla Cybercab and AI Earnings Take Over

U.S. stocks enter Thursday, September 3, with Nvidia, Tesla and a fresh wave of AI earnings at the center of the market. Wall Street broke a three-day losing streak on Wednesday as buyers returned to beaten-down shares. Nvidia jumped 3.2%, Micron gained 2.4% and Qualcomm rose 2%, helping chip stocks recover.

But Thursday brings a new test: Broadcom’s results, a major Snowflake rally, Tesla’s Cybercab event and another round of U.S. economic data that could move Treasury yields and expectations for the Federal Reserve. The main U.S. indexes finished Wednesday higher:

• Dow Jones Industrial Average: up 295.01 points, or 0.56%
• S&P 500: up 35.16 points, or 0.46%
• Nasdaq Composite: up 118.05 points, or 0.45%
• Russell 2000: up about 1.1%
• Nvidia: up 3.2%
• Micron: up 2.4%
• Qualcomm: up 2.0%

That rebound came after three straight sessions of losses. Investors were willing to buy some chip and industrial names again, even as high bond yields, the U.S.-Iran conflict and worries about inflation remained major risks.

Investors who followed Wednesday’s stock watch saw the market trying to stabilize after sharp pressure at the start of September. Thursday will show whether that move can build into a broader recovery or remains only a short-term bounce. Nvidia is again one of the most important stocks to watch.

The AI chip leader climbed 3.2% Wednesday as semiconductor stocks regained ground. Nvidia had already received a major boost after its latest results, when its outlook reinforced expectations that spending on AI computing infrastructure remains strong. Reuters reported last week that Nvidia shares surged 8.7% after the company projected roughly 70% revenue growth for the following year.

Nvidia remains important far beyond its own stock price. Its performance can influence semiconductor makers, server companies, data-center suppliers and the broader Nasdaq because investors continue to use Nvidia as a gauge of AI infrastructure demand. That makes Thursday’s Broadcom results especially important.

Broadcom reported quarterly revenue of about $29.6 billion and adjusted earnings of $3.32 per share. AI chip sales reached $16.7 billion during the quarter. The company also raised its longer-term expectations for AI semiconductor revenue, forecasting about $115 billion in fiscal 2027 and $230 billion in fiscal 2028.

But the reaction was more cautious than those growth figures might suggest. Broadcom shares weakened after the report as investors focused on its next-quarter sales outlook and the high expectations already built into AI stocks. Broadcom expects:

• Fiscal 2027 AI chip revenue: about $115 billion
• Fiscal 2028 AI chip revenue: about $230 billion
• Latest quarterly AI chip sales: $16.7 billion
• Latest quarterly revenue: $29.59 billion
• Next-quarter revenue forecast: about $34.8 billion

The difference between Nvidia’s rebound and Broadcom’s softer reaction shows why investors should not treat “AI stocks” as one trade. Companies can report very strong AI growth and still fall when their valuation or guidance does not clear Wall Street’s expectations. Snowflake is another major stock to watch Thursday.

Shares jumped more than 20% in extended trading after the cloud-data company raised its annual product revenue forecast. Snowflake now expects fiscal 2027 product revenue of $6.07 billion, up from its earlier $5.84 billion forecast. Second-quarter product revenue rose 37% from a year earlier to $1.49 billion. Snowflake reported:

• Quarterly product revenue: $1.49 billion
• Product revenue growth: 37%
• Total quarterly revenue: $1.55 billion
• Adjusted earnings: $0.62 per share
• New fiscal 2027 product revenue forecast: $6.07 billion
• Previous forecast: $5.84 billion
• Extended-hours stock move: more than 20% higher

The results are important because investors have recently worried that AI could hurt older software companies rather than help them. Snowflake’s report offered evidence that some software and cloud companies are finding ways to turn AI demand into additional usage and revenue. Hewlett Packard Enterprise told a similar growth story, although its shares moved in the opposite direction.

HPE reported a 33.7% increase in quarterly revenue to $12.21 billion and adjusted earnings of $1.11 per share. The company raised its full-year outlook as demand for AI servers and networking equipment remained strong. Yet the stock fell more than 3% in after-hours trading as investors focused on supply shortages and component costs. HPE now expects:

• Fiscal 2026 revenue growth: 34% to 37%
• Previous range: 29% to 33%
• Fiscal 2026 adjusted EPS: $3.75 to $3.85
• Fiscal 2027 revenue growth: 13% to 17%
• Fiscal 2027 adjusted EPS growth: 16% to 20%
• Latest quarterly revenue: $12.21 billion
• Latest quarterly adjusted EPS: $1.11

Together, Nvidia, Broadcom, Snowflake and HPE show that spending on AI infrastructure remains large, but stock reactions are becoming more selective. Tesla is the other major name traders will be watching.

The company is moving toward its Cybercab event in Austin, putting Tesla’s robotaxi strategy back at the center of the investment story. The event comes while Tesla is still dealing with mixed vehicle-demand signals around the world.

Tesla’s China-made electric vehicle sales reached 86,166 units in August, according to industry data reported by Reuters. That was up 3.6% from a year earlier but down 7.9% from July. It marked the tenth consecutive month of year-over-year growth, although the pace slowed sharply from July. Tesla’s latest China figures show:

• August China-made EV sales: 86,166 vehicles
• Year-over-year change: up 3.6%
• Month-over-month change: down 7.9%
• Consecutive months of annual sales growth: 10
• China battery-EV market share in Q2 2026: 6.6%

The Cybercab event could shift attention away from monthly vehicle sales and back toward Tesla’s longer-term plans for autonomous driving and robotaxis. Investors will be watching for concrete information on production, deployment, operating areas, costs and timing rather than broad promises.

Tesla closed Wednesday near $357 based on market data, following a volatile stretch that included a 3.2% decline Tuesday. Investors should expect the stock to remain sensitive to any new Cybercab details. The bigger market question is whether falling Treasury yields can give growth stocks more room to recover.

Global bonds stabilized Thursday after a sharp selloff pushed borrowing costs higher across major economies. Reuters reported that stocks and bonds advanced as investors waited for new U.S. economic data and comments from Federal Reserve officials. U.S. stock futures were only modestly higher in early trading.

The bond market matters greatly for Nvidia, Tesla and other high-growth stocks. Higher Treasury yields can reduce the present value investors place on future earnings, which can put pressure on expensive technology shares even when their businesses continue to grow. The 10-year Treasury yield was around 4.77% after Wednesday’s session, still at a level high enough to remain a major market risk.

Investors are also watching the Federal Reserve closely. Market expectations for another rate increase have climbed as oil prices, inflation risks and bond yields remain elevated. Reuters reported Thursday that money markets were assigning roughly a 60% probability to a September Fed rate increase, although those expectations can change quickly as new economic data arrives.

The next major test is Friday’s U.S. employment report. A stronger-than-expected jobs number could increase concern that the Fed may need to keep monetary policy tight or raise rates again. A softer report could reduce some of that pressure, although investors would then have to judge whether weaker hiring signals a broader economic slowdown.

Oil remains another risk for stocks. Brent crude remained around the mid-$90s Thursday as investors tracked the continuing U.S.-Iran conflict and disruptions around the Strait of Hormuz. Reuters reported Brent around $94.57 a barrel in Thursday trading. Investors can follow the recent oil surge for the connection between Iran, Hormuz, energy prices and inflation expectations.

Higher oil prices can lift energy producers but create pressure elsewhere by raising fuel and transport costs. They can also complicate the Fed’s inflation fight, which is why energy markets and technology stocks have become unusually connected. The main stocks and market signals to watch on September 3 are:

• Nvidia: whether Wednesday’s 3.2% rebound continues
• Tesla: Cybercab details and robotaxi expectations
• Broadcom: reaction to AI chip forecasts and quarterly guidance
• Snowflake: whether its more than 20% extended-hours surge holds
• HPE: AI demand versus supply-chain concerns
• Micron: follow-through after Wednesday’s 2.4% gain
• Qualcomm: follow-through after Wednesday’s 2.0% gain
• 10-year Treasury: whether yields continue easing from elevated levels
• Brent crude: whether prices remain near the mid-$90s
• Fed expectations: reaction to economic data and official comments
• Friday payrolls: the next major U.S. market-moving report

The market has changed quickly over the past several sessions. On September 1, oil and rising yields were putting heavy pressure on risk assets. Wednesday brought the first meaningful rebound in several days. Thursday now adds major AI earnings and Tesla’s Cybercab event to the mix.

The strongest signal so far is that AI spending itself has not disappeared. Nvidia, Broadcom, Snowflake, Dell and HPE have all provided evidence of continued demand for chips, servers, networking or cloud infrastructure. Dell’s shares surged 15.8% Wednesday after it raised annual forecasts, another sign that spending on AI-related hardware remains powerful.

That does not mean every AI stock will rise together. Broadcom and HPE show that investors are demanding more than rapid growth. Guidance, margins, supply limits, valuation and expectations now matter just as much as the phrase “AI demand.” That selective market could define September.

For Nvidia, the immediate question is whether buyers can extend Wednesday’s rebound. For Tesla, attention turns to whether Cybercab brings enough concrete information to strengthen confidence in its robotaxi strategy. For Broadcom, Snowflake and HPE, investors will decide how much of their AI growth is already reflected in their share prices.

Readers can also compare today’s setup with Wednesday’s market rebound and an earlier Nasdaq rebound to see how quickly leadership has moved between AI hardware, software and other growth stocks.

Thursday’s session therefore has several competing forces: strong AI demand, easing bond pressure, high oil prices, geopolitical risk and rising uncertainty over the Fed.

For investors watching stocks today, Nvidia remains the clearest test of the semiconductor rebound, Tesla has the biggest company-specific event, and Broadcom and Snowflake offer the freshest evidence on where the AI spending boom is heading next.