News

According to Taiwan's DigiTimes: Amazon Web Services (AWS) and NVIDIA (NVDA.O) are expanding their artificial intelligence partnership, planning to add 2 million GPUs.

The UK Maritime Trade Operations Office has received reports of an incident in the Strait of Hormuz. An oil tanker was struck by an unidentified object, causing a fire, but the fire is now under control. All crew members have been confirmed safe and have been fully accounted for. No environmental impact has been reported. An investigation is underway. Vessels are advised to exercise caution and to report any suspicious activity to us.

Nvidia's second fiscal quarter revenue reached $96.2 billion, a year-over-year increase of 106%, with data center revenue reaching $89 billion, a year-over-year increase of 117%, both very strong. However, after the earnings report was released, the stock price fell by about 3%, indicating that the market's original expectations were already very high—"exceeding expectations" itself was no longer enough to be a new catalyst. What truly made the stock price rebound was CFO Colette Kress's statement in the conference call: revenue for fiscal year 2028 is expected to grow by about 70%. The market's previous growth expectation for this year was only about 44%-45%, so this is equivalent to a significant upward revision of long-term growth expectations in one go. More importantly: 70% is not actually the growth rate of demand, but "the achievable growth rate under supply constraints." This sentence is the most noteworthy in the entire news. Customer demand growth ≈ close to 100%—Nvidia is currently constrained by its supply chain and can only meet a portion of it—therefore the company's current revenue growth target for fiscal year 2028 is ≈ 70%. In other words: Nvidia is not worried about insufficient demand, but about insufficient production capacity.

Market consensus projects NVIDIA (NVDA.O) FY2027 revenue to January at $396bn; the CFO’s 70% growth guidance implies FY2028 revenue of about $673bn. That level would put NVIDIA ahead of Apple and Alphabet by revenue among U.S. tech firms, leaving it second only to Amazon (still primarily a retailer). CEO Jensen Huang has previously given multi-year AI chip sales cues, but NVIDIA has not before issued guidance this far into the future.

The South Korean KOSPI index opened higher, boosted by Nvidia's earnings report, while investors await the Bank of Korea's interest rate decision today. This means that the KOSPI actually has two catalysts today: first, Nvidia's earnings report – igniting the semiconductor sector; second, the Bank of Korea's interest rate decision – impacting overall South Korean asset prices. If the Bank of Korea releases a dovish signal, it could further strengthen the stock market's rise; if it unexpectedly leans hawkish, it could offset some of the positive impact from Nvidia.

According to Business Insider, Nvidia (NVDA.O) is in talks to acquire Hugging Face for more than $13 billion.

The government authorities stated that Russia attacked industrial facilities in the Ukrainian city of Krivirikh.

Australia's S&P/ASX 200 index opened down 33.50 points, or 0.37%, at 9094.3 on Thursday, August 27.

Baidu (BIDU.O): Voluntarily converts its secondary listing on the Hong Kong Stock Exchange into a primary listing, effective September 1, 2026. The company will have a dual primary listing on both the Hong Kong Stock Exchange and Nasdaq from the effective date.

U.S. energy company Sampra Energy said that if the project is approved and built, it will export up to 27 million metric tons of liquefied natural gas, with exports expected to begin in the second half of 2034.

Regulatory filings show that U.S. energy company Sampra Energy has initiated the process of building a new liquefied natural gas (LNG) plant in southeastern Texas. The company plans to build a four-line LNG plant as an expansion of its existing LNG export facilities.

Qantas CEO: The company has increased flight frequency to Europe to provide alternatives to its Middle Eastern hub airports and will continue to do so as needed.

The Society of Motor Manufacturers and Traders (SMMT) reported that UK car production fell 11.6% year-on-year to 63,655 vehicles in July.

National Australia Bank: The Reserve Bank of Australia is currently expected to raise interest rates in September.

Lawyers for Federal Reserve Governor Tim Cook stated that the White House letter was based on unexamined and unproven allegations of criminal misconduct. Cook has never been involved in mortgage fraud or any willful misconduct. There is no legitimate reason to remove Cook from the Federal Reserve Board.

Federal Reserve Governor Cook: We will fight against Trump’s attempt to remove me from the central bank.

HP (HPQ.N) executive: As workloads shift from the cloud to end devices, AI PCs are now offering more value than they did last year.

Nasdaq futures rose about 1% in early trading on Thursday, boosted by a 4.5% after-hours gain in Nvidia (NVDA.O).

According to court documents, a U.S. judge dismissed a lawsuit filed by Company X against New York State's hate speech laws.

Zoom says the value of its Anthropic stake rose to $3.13 billion, producing a $1.61 billion unrealized (book) gain in the three months to July. Zoom first invested in Anthropic in early 2023 and integrated Anthropic's Claude model into its products. The company added $301 million to its Anthropic holding in the six months to July.