Nvidia reported revenue of $96.22 billion for the quarter ending July 2026, beating Wall Street's $91.90 billion estimate, with net income more than doubling to $53.95 billion. The company guided for roughly $108 billion in the current quarter and forecast about 70% revenue growth in fiscal 2028, well above the 45% analysts had projected. Shares rose over 7% after CFO Colette Kress said customer forecasts point to growth doubling next year, while CEO Jensen Huang confirmed the next-gen Vera Rubin chip is now in production.
techspot.com
· 2026-08-27
New Wendy's CEO Bob Wright has detailed a five-part strategy to reverse the chain's slide behind Burger King into third place among U.S. burger chains, citing prior 'quality degradation' as a key cause. The plan covers menu and ingredient improvements, fixing inconsistent store operations, selectively closing weak locations while opening new ones, overhauling marketing with new hire Tariq Hassan as chief marketing and customer growth officer, and scaling back reliance on discount promotions in favor of core menu value.
entrepreneur.com
· 2026-08-27
Nvidia's stock climbed in premarket trading Thursday following a quarterly earnings report that topped Wall Street forecasts and full-year guidance that exceeded even optimistic analyst projections. The rally comes alongside swirling speculation that Nvidia may be pursuing an acquisition of AI startup Hugging Face.
fastcompany.com
· 2026-08-27
Nvidia reported fiscal second-quarter net income of $59.69 billion, or $2.46 per share, for the May-July period, exceeding Wall Street forecasts. The results were driven by continued strong sales of the company's high-end AI chips, which remain central to the ongoing buildout of artificial intelligence infrastructure.
fastcompany.com
· 2026-08-26
Billionaire investor Stanley Druckenmiller published a Wall Street Journal op-ed criticizing Treasury Secretary Scott Bessent, and readers quickly flagged telltale AI-generated phrasing using detection tools like Pangram. Druckenmiller confirmed he used AI to draft the piece, comparing it to using a calculator, and WSJ opinion editor Paul Gigot backed the decision not to disclose AI assistance, calling AI use a 'fact of modern life.'
futurism.com
· 2026-08-26
A 24-year-old investor who built a reputation as a prescient forecaster of artificial intelligence trends drew billions of dollars in backing from prominent financial circles. His fund's fortunes reversed sharply, transforming him from a celebrated prodigy into an example of how quickly Wall Street enthusiasm can unravel.
wsj.com
· 2026-08-26
The Securities and Exchange Commission has issued subpoenas to banks that financed Situational Awareness, the AI-focused hedge fund run by 24-year-old former OpenAI researcher Leopold Aschenbrenner, after it lost more than two-thirds of its value in a tech stock sell-off last month. Investigators are seeking records on trade timing and communications about the borrowed money, or leverage, the fund used to amplify its bets on AI stocks. The fund says it hasn't been accused of wrongdoing and is cooperating fully with regulators.
futurism.com
· 2026-08-25
Chris Churchman, who runs Goldman Sachs' Marquee platform, said on the firm's Exchanges podcast that heavy reliance on AI models could erode bankers' ability to reason independently. He compared the risk to how GPS and digital tools already weakened people's navigation and memory skills, warning that delegating analysis to algorithms could similarly dull financial judgment.
cnbc.com
· 2026-08-24
With homeownership feeling increasingly out of reach, many Gen Z adults are redirecting money toward retirement accounts instead of down payments. Pew Research found 89% of adults under 40 believe buying a home is harder for their generation than for their parents, while Fidelity data shows Gen Z retirement contributions rising 65% year-over-year, more than double millennials' growth rate. Young savers like 26-year-old Kana Cummings say they started investing early after pandemic-driven financial anxiety pushed them to build multiple savings buckets for the future.
entrepreneur.com
· 2026-08-24
Nvidia is due to report quarterly results that investors and analysts see as a key indicator of whether enthusiasm for artificial intelligence spending can be sustained. The results come amid growing scrutiny of whether massive capital outlays by tech companies on AI infrastructure are translating into durable returns.
wsj.com
· 2026-08-24
GoKawiil