The Agentic Era

Nvidia posted $96B in quarterly revenue and guided to 70% growth next year, then agreed to buy Hugging Face for $12.9B. Trump weighed sweeping chip tariffs, cybersecurity stocks ripped on AI threats, and Instinct raised at $2.5B.

Links

• Nvidia reports Q2 revenue up 106% YoY to $96.22B, above $92.17B est., Data Center revenue up 117% to $89B, above $85.08B est., and net income up 126% to $59.7B (nvidianews.nvidia.com/news/nvidia-announces-fi…) (Nvidia)

• Nvidia guides to ~70% revenue growth next fiscal year, well above the 45% analysts expected, sending shares up as much as 7.6%, though margins will bottom at 71%-72% on memory costs (bloomberg.com/news/articles/2026-08-26/nvidia-…) (Bloomberg)

• Source: Nvidia has agreed to acquire Hugging Face for $12.9B; the AI repository has had several potential suitors among its investors, including Salesforce (theinformation.com/articles/nvidia-agrees-buy-…) (The Information)

• Sources: the Trump administration is weighing sweeping new tariffs on chips and other products like laptops and consoles, despite warnings from tech companies (politico.com/news/2026/08/27/data-centers-chip…) (Politico)

• Cybersecurity stocks surge, with Okta up 20%+ and CrowdStrike up 15%+, after earnings showed that AI adoption is driving attacks and spending on security tools (cnbc.com/2026/08/27/okta-skyrockets-20percent-…) (CNBC)

• AI assistant Instinct is raising a $250M Series B co-led by Index and Benchmark at a $2.5B valuation, taking its total funding to $350M since its 2025 founding (wsj.com/tech/ai/the-latest-viral-ai-assistant-…) (The Wall Street Journal)

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