🧠 Nvidia data center revenue surges 56%, CEO says AI boom far from over

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🏛️ Financial News

• Federal Reserve 💵CNBC: Trump tells Fed’s Lisa Cook she’s fired; she says ‘he has no authority to do so’

• Administration 🏛️ NBC News: US could take stakes in more companies, Trump adviser says

• US Inflation 💸 Reuters: US core inflation rate rose to 2.9% in July, as expected, while overall inflation was up 2.6%, also as expected, key Fed measure shows 

• US GDP 🏭 CNBC: US economy expanded 3.3% in Q2, with growth even stronger than initially thought

• US Tariffs 🗽 CTV News: End of US low-value package tariff exemption is permanent, Trump officials say

  • CTV News: US shoppers' orders canceled 25 countries suspend postal services to U.S. over tariffs: UN

  • CNBC: Why the end of ‘de minimis’ can hurt consumers — especially lower-income ones

•  Europe Inflation 💸 euronews: Inflation in France, Spain and Italy was lower than expected in August, data shows

• Europe Tariffs 🏰 Reuters: EU to remove tariffs on US industrial goods, triggering cuts for European cars

• 🧠 Upgrade your PortfolioGPT account Get an ad-free experience, unlimited credits, backtesting, forward guidance and real-time Yahoo! Finance data.

📊 Global Markets

• S&P 500 $VOO ( ▼ 0.58% )🌍 Yahoo! Finance: S&P 500 retreats from 6,500 record Friday, but heads for 4th winning month in a row 

• Russel 2000 $IWM ( ▼ 0.45% ) 🏪 Reuters: Small-cap stocks could break out soon 

• China Markets $MCHI ( ▲ 1.42% ) 🐉 Reuters: Chinese households have amassed record savings. That’s now fueling a stock market boom

  • Reuters: Chinese stocks at decade high lure hesitant retail investors

• Europe Markets $FTSE ( 0.0% )  💂 euronews: UK bank shares tumble as sector fears new tax 

• Japan Markets $NIKKEI ( 0.0% )⛩️ Reuters: Foreigners snap Japanese stock purchases as tech rally cools

• India Markets $NSEINDIA.P ( 0.0% ) 🕌 Reuters: India’s $434B merchandise exports engine: What’s at stake as Trump’s 50% tariffs kick in

• India GDP 🕌 Reuters: Elephant-Dragon tango: Modi’s visit to China signals improving ties — will the bonhomie last?

• 🌍 Increase global exposure with Index GPT Generate index portfolio ideas to gain exposure to the largest indices in and outside the US, such the Eurozone, Germany, UK, France, China (Shanghai), India more.

🛍 Staples & Discretionary

• Brokerage $IBKR ( ▼ 0.73% ) 📈 Reuters: Interactive Brokers to join S&P 500, replacing Walgreens 

• FinTech : Buy Now, Pay Later $AFRM ( ▲ 10.59% ) 💳 CNBC: Affirm stock surges as CEO Levchin notes continued consumer strength

• Retail : Big Box $DG ( ▼ 2.64% ) 💲 Reuters: Dollar General lifts annual targets on steady demand for affordable essentials

• Communications $T ( ▲ 1.21% )☎️ CNBC: EchoStar stock skyrockets on AT&T deal to buy wireless spectrum for $23B

• Retail : Big Box $KSS ( ▼ 2.02% ) 👚 CNBC: Kohl’s shares jump after big earnings beat 

• Retail : Big Box $GAP ( ▲ 1.52% ) 👖 CNBC: Gap stock falls as retailer misses sales expectations, driven by decline at Athleta

• Consumer : Beauty $ULTA ( ▼ 7.14% ) 💄 Reuters: Ulta Beauty leaps after retailer posts strong Q2 and hikes its full-year guidance 

• Consumer : Apparel $NKE ( ▼ 0.71% ) 🎽 Reuters: Nike to lay off about 1% of corporate staff in an effort to refocus the business  

• 📊 Avoid single-stock exposure with Sector ETF GPT Generate sector-specific portfolio ideas, such as technology, discretionary, health care and more.

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🚀 Magnificent 7 

• Semi-conductors $NVDA ( ▼ 3.33% ) 🧇 Reuters: Nvidia beats on top and bottom lines as data center revenue surges 56%

  • Reuters: Nvidia CEO says AI boom far from over after tepid sales forecast 

  • Reuters: Nvidia’s top two mystery customers made up 39% of the chipmaker’s Q2 revenue 

• Technology $GOOG ( ▲ 0.55% )🔍 Reuters: Google has eliminated 35% of managers overseeing small teams in past year, exec says 

• Technology $AAPL ( ▼ 0.18% ) 🍎 Reuters: Apple announces launch event on Sept. 9, iPhone 17 expected 

• Autos : EV $TSLA ( ▼ 3.5% ) 🔌 Reuters: How Tesla and Waymo's radically different robotaxi approaches will shape the industry 

  • Reuters: Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple 

  • Reuters: Tesla rejected $60M settlement before losing $243M Autopilot verdict 

🌐 Technology 

• Semi-conductors $INTC ( ▼ 2.33% ) 🧇 Reuters: Intel gets $5.7B from Trump deal as details are ‘ironed out’

  • Reuters: Intel warns US stake could hurt international sales, future grants

• Semi-conductors $MRVL ( ▼ 18.6% )⚡ Reuters: Marvell’s stock slumps on concerns over custom silicon, but long-term prospects look strong

• Technology : China $BABA ( ▲ 12.91% ) 🐉 CNBC: Alibaba shares jump as AI drives cloud unit acceleration

  • Reuters via Yahoo! Finance: China's Alibaba develops new AI chip to help fill Nvidia void, WSJ reports

• Network : Security $CRWD ( ▼ 4.14% )🛡️ Reuters: CrowdStrike forecasts weak quarterly revenue as Windows-outage impact lingers

• Hardware : Network $DELL ( ▼ 8.88% )🗄️ CNBC: Dell shares fall on soft Q3 earnings outlook

• Hardware : Business $HPQ ( ▲ 0.67% )💻 SiliconANGLE: HP cites strong demand for AI PCs as it beats expectations on revenue, but investors aren’t impressed

• Hardware : Storage $PSTG ( ▼ 3.64% ) 🧱 CNBC: Pure Storage stock soars as Meta deal bolsters results, outlook

• 🧠 Join the 2200+ PortfolioGPT users Generate portfolio ideas to quickly get started on your personal wealth journey for $3/mo or $27/annually (25% off).

🦾 Artificial Intelligence

• Communications $META ( ▼ 1.65% ) 👥 Sherwood by Robinhood: Details emerge of rocky start to Meta Superintelligence Labs

• Frontier LLMs : Anthropic 🤖 CNBC: Anthropic users face a new choice – opt out or share your chats for AI training 

• Frontier LLMs : OpenAI 🤖 CNBC: OpenAI says it plans ChatGPT changes after lawsuit blamed chatbot for teen’s suicide 

• AI Adoption : Enterprise 🦾 Gizmodo: Taco Bell says ‘no mas’ as it rethinks future of voice AI from its drive-through experiment 

• Worker Sentiment : Gen Z 💼 WSJ via MSN: These AI-skilled 20-somethings are making hundreds of thousands a year

• 📧 Subscribe to Unprompted Invest beyond Nvidia in the $15T global AI market, from infrastructure, ingest & training, and inference (Coming soon)

We’ll be back next Saturday morning to recap the week’s financial news.

Thanks to Superhuman AI Newsletter for sponsoring.

✨ Happy Unprompting,

Rawee
[email protected]

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