Artificial IntelligenceEarnings
Marvell shares fall 10.3% as Google AI-related revenue projected for fiscal 2029
Marvell Technology, Inc. dropped 10.28% on Friday. Shares finished at $216.62, with 48.7 million traded.
Technology
Marvell shares fall 10.3% as Google AI-related revenue projected for fiscal 2029
Marvell Technology, Inc. dropped 10.28% on Friday. Shares finished at $216.62, with 48.7 million traded.
All coverage
Technology
Marvell · NASDAQ: MRVL · stock move
Growth now, Google revenue later
Market: Aug. 28, 2026, 16:00 ET
Financials: quarter ended Aug. 1, 2026
Financials: quarter ended Aug. 1, 2026
Friday close
$216.62
−10.28% · 48.7M shares
Q2 revenue
$2.74B
+37% year over year
Data-center mix
79%
$2.17B · +46%
Forward P/E
58.4×
Broadcom: 32.2×
Operating and forecast bridge
| Measure | Latest | Change / signal |
|---|---|---|
| GAAP gross margin | 53.1% | Q3 guide: 52.9%–53.9% |
| Adjusted gross margin | 58.9% | Q3 guide: 57.5%–58.5% |
| GAAP net income | $308.0M | 11.2% margin |
| Operating cash flow | $605.5M | 22.1% of revenue |
| Q3 revenue midpoint | $3.15B | ≈15% above Q2 |
| FY2028 revenue target | ≈$18B | Custom silicon-led |
Revenue concentration
Google custom-chip revenue becomes materially larger in fiscal 2029. Investor Day: Oct. 6, 2026.
Consensus and risk
Mean target: $278.89 from 44 analysts, implying 28.8% upside. Range: $126–$400.
Risks: custom-chip delays, customer concentration, margin compression, export controls and advanced-packaging constraints.
Sources: Marvell fiscal Q2 2027 release; Reuters/LSEG; MarketScreener delayed Nasdaq quote and consensus. Figures checked Aug. 29, 2026, 14:48 ET.
Artificial IntelligenceNASDAQ:AMZN
Amazon Stock Jumps 4%, Adding $110 Billion as AI Spending Turns Free Cash Flow Negative
Amazon shares jumped 3.97% on Friday, adding roughly $110 billion of market value. Investors rewarded its AI exposure even as that buildout consumed more…
NASDAQ: AMZN · AI capex versus cash flow
Amazon’s $110 billion rally raises the cash-return bar
Market close: Aug. 28, 2026 · 16:00 EDT
Checked: Aug. 29, 2026 · 11:54 EDT
Checked: Aug. 29, 2026 · 11:54 EDT
Close
$266.43
+3.97%After-hours: $266.15
Value added
~$110B
One session$10.17 × 10.79B shares
Volume
49.55M
101% of averageDay range: $257.78–$267.56
Valuation
21.4×
Trailing earningsMarket cap: $2.87T
Friday megacap tape
Amazon outperformed the Nasdaq Composite by 4.49 percentage points.
Catalyst
Fed Chair Kevin Warsh said AI growth had exceeded even proponents’ expectations. Amazon led the Magnificent Seven after the remarks.
The move also followed fresh bullish analyst commentary and renewed attention to AWS infrastructure demand.
There was no new Amazon earnings release Friday.
Q2 operating engine
| Measure | Q2 2026 |
|---|---|
| Total sales | $200.6B · +20% |
| Operating income | $27.5B · +43% |
| AWS sales | $42.2B · +37% |
| AWS operating income | $16.6B |
| AWS operating margin | 39.3% |
| AWS share of operating profit | 60.4% |
Cash-flow tension
Trailing operating cash flow
$161.4B · up 33%
Trailing free cash flow
−$7.6B · versus +$18.2B one year earlier
Property and equipment purchases increased by $66.1B, primarily for AI.
Profit quality
| Reported net income | $62.6B |
| Non-operating other income | $53.4B |
| Main driver | Anthropic investment |
| Q3 operating-income guide | $22.5B–$26.5B |
The guide midpoint is about 11% below Q2 operating income. Reported EPS should not be read as recurring operating profit.
Analyst expectations
$327.67
+23.0% to average targetConsensus: Strong Buy · 60 analysts · $230 low · $405 high.
Targets were checked Aug. 29, 2026. They can lag capex revisions and market-rate changes.
What investors should watch
| Signal | Constructive | Warning |
|---|---|---|
| AWS growth | Stays near 37% | Capacity arrives before demand |
| Free cash flow | Returns positive | Outflow deepens beyond −$7.6B |
| AWS margin | Holds near 39% | Power and depreciation compress it |
| Q3 operating income | Above $26.5B | Below $22.5B |
Bottom line
Amazon’s AI businesses are scaling fast enough to command a premium. The stock’s next leg depends on converting infrastructure spending back into free cash flow.
Risks: slower AI utilization, higher rates, energy constraints, depreciation and retail-cost inflation. Faster Trainium adoption or stronger AWS margins would improve the upside case.
Sources: Amazon Q2 results · MarketWatch quote · analyst consensus.
Earnings ReportsNASDAQ:ONDS
Ondas Shares Drop 9.7% After Reporting Thirteenfold Revenue Jump Amid $50.6 Million EBITDA Loss
WEST PALM BEACH, Florida, August 29, 2026, 11:43. Ondas shares fell 9.7% after the company disclosed revenue surged thirteen times, but posted an EBITDA…
ONDS · Stock move · Autonomous systems
Growth is scaling. Losses are scaling faster.
Market data: Aug. 28, 2026, 4:00 p.m. EDT
Dashboard: Aug. 29, 2026, 11:46 a.m. EDT
Dashboard: Aug. 29, 2026, 11:46 a.m. EDT
Friday close
$7.90
−9.71%
Range: $7.87–$8.71
Volume
69.5M
~1.07× recent average
Approx. $549M turnover
Market value
~$4.5B
8.4×
2026 revenue-guide midpoint
Q2 cash pool
$1.4B
Before Q3 deals
Cash, restricted cash and investments
Operating bridge
RevenueAdjusted EBITDA loss
Why the stock moved
No fresh company release accompanied Friday’s decline. Heavy turnover points to valuation and position resetting after a rapid growth-and-acquisition cycle.
The stock traded 48.3% below its 52-week high of $15.28.
Q2 results beat the revenue estimate cited by Barron’s, but the adjusted EBITDA loss exceeded expectations.
Valuation resetHigh turnoverMargin pressure
Guidance, backlog and cash
| Measure | Current figure |
|---|---|
| Q3 revenue guide | $140M–$155M |
| 2026 revenue target | $525M–$550M |
| Reported backlog, June 30 | $613M |
| Pro forma backlog | $757M |
| Q2 + early-Q3 orders | $280M |
| Post-quarter acquisition uses | ~$325M |
Margins and spending
Gross margin
43.1% Q2 2026 · 49.2% Q1 2026 · 53.1% Q2 2025
Adjusted cash operating expense
$93.3M in Q2; reported operating expense was $199.1M, including $105.8M of non-cash charges.
The core test is whether revenue approaches guidance while cash operating expense grows more slowly.
Valuation bridge
| Market capitalization | ~$4.5B |
| 2026 guide midpoint | $537.5M |
| Market cap / guided revenue | ~8.4× |
| Q2 cash pool | $1.4B |
The cash figure predates roughly $325 million of announced Q3 acquisition spending. It should not be treated as current net cash.
Analyst expectations
$19.42
Average target · 9 analysts
Range: $13–$25. Consensus: Strong Buy, according to Investing.com on Aug. 29, 2026.
Targets can lag acquisition costs, dilution and rapid changes in the share count.
Investor watchlist
| Milestone | What would help | What would hurt |
|---|---|---|
| Q3 revenue | At or above $147.5M midpoint | Backlog converts more slowly |
| Platform profitability | Adjusted EBITDA breakeven by Q4 2026 | Integration costs extend losses |
| Company-wide profitability | Target holds for Q4 2027 | More equity-funded acquisitions |
| Gross margin | Rebounds toward 50% | Mix remains near 43% |
Bottom line
The order book can support another sharp revenue step-up. Friday’s 9.7% decline says the market now wants proof that each new dollar of sales brings Ondas closer to profitability.
Main risks: backlog timing, acquisition integration, margin dilution and further share issuance. Faster defense procurement or a quicker margin recovery would improve the upside case.
Sources: Ondas Q2 results · Yahoo Finance · Investing.com consensus · Ondas IR. Figures are company-reported unless noted.
EarningsNASDAQ:NVDA
Nvidia Shares Drop 4.6%, Wiping Out $251 Billion After Margin Outlook Cools Earnings Surge
SANTA CLARA, California, August 29, 2026, 10:01. Nvidia stock declined 4.6%, cutting $251 billion from its market capitalization as a revised margin forecast reined…
Nvidia investor dashboard
Market data: August 28, 2026, 16:00 EDT · Updated August 29, 2026, 10:01 EDT
Friday close
$217.55
−4.57%
Estimated value erased
$251B
$10.43 × 24.10B shares
Volume
195.1M
1.37× 65-day average
Data-center mix
92.5%
$89.0B of $96.22B
Two-session price path
Two-session return: +3.76%, equal to roughly $190B of net market-value gain.
Growth versus margin
| Metric | Q2 FY26 | Q2 FY27 | Q3 FY27 guide |
|---|---|---|---|
| Revenue | $46.74B | $96.22B | $108B ±2% |
| GAAP gross margin | 72.4% | 75.0% | 74.0% ±0.5pt |
| GAAP opex | $5.43B | $8.41B | $9.2B |
Revenue doubled year over year, while the guided margin midpoint falls 100 basis points sequentially.
Valuation and positioning
| Market capitalization | $5.24T |
| Trailing P/E | 27.5× |
| Annualized Q2 sales multiple | 13.6× |
| 52-week range | $164.07–$236.54 |
Friday's close sat 74% through the 52-week range.
Analyst and demand signals
Buy
Consensus from 36 analysts: 56% Strong Buy, 42% Buy and 3% Hold.
Major technology companies are expected to spend more than $730B on AI infrastructure this year, versus $400B last year.
What can move the stock next
| Signal | Current reading | Investor sensitivity |
|---|---|---|
| China data-center compute | No Q3 revenue assumed | Policy relief could add upside; restrictions remain a risk |
| Gross margin | 74% Q3 midpoint | Another decline would challenge premium expectations |
| Operating expense | $9.2B guide | Growth must keep outrunning cost expansion |
| Guarantee exposure | $3.5B maximum | Land, power and shell commitments raise execution exposure |
Investor bridge
Nvidia lost about $251B on Friday and surrendered roughly half of Thursday's earnings rally. The business still offers 106% revenue growth, but a 74% margin guide and a 13.6× annualized sales run-rate leave little room for ordinary execution.
Sources: Nvidia, Reuters, WSJ market data and Public analyst survey. Calculations use reported figures and may differ from vendor forward estimates.
EarningsNYSE:PATH
UiPath Shares Dip 1% Following 9% Surge as Earnings Challenge 5x ARR Value
UiPath Inc. fell 0.98% on Friday, halting momentum after a 9.37% rally. Shares closed at $18.15 with volume at 53.1 million.
NYSE: PATH · earnings setup
UiPath: rerating meets execution
Close: Aug. 28, 2026 · 16:00 EDT
Quote checked: Aug. 28, 2026 · 18:48 EDT
Quote checked: Aug. 28, 2026 · 18:48 EDT
Close
$18.15
−0.98%
Thursday move
+9.37%
sector-led rebound
Volume
53.1M
72% of 3M average
Market value
$9.4B
about 4.9× ARR
Five-session close path
$16.57 → $16.66 → $16.76 → $18.33 → $18.15
Analyst consensus
Hold
$13.44 average target
Target sits about 26% below close.
Liquidity
$1.42B
cash + marketable securities
About 15% of market value.
Operating scorecard
| Metric | Latest | YoY / signal |
|---|---|---|
| Q1 FY27 revenue | $418M | +17% |
| ARR | $1.901B | +12% |
| Dollar retention | 109% | expansion intact |
| GAAP gross margin | 82% | high software margin |
| Operating cash flow | $132M | 32% of revenue |
| Q2 revenue guide | $395M–$400M | earnings benchmark |
Catalyst clock
September 3 · after closeFiscal Q2 2027 results
September 3 · 17:00 EDTManagement conference call
September 22 · 14:30 EDTInvestor Day begins
Watch ARR conversion, net retention, gross margin and FY27 guidance. Risk: the software rally outruns operating evidence.
Sources: UiPath investor relations, Google Finance, Yahoo Finance and MarketScreener. Market figures are as of Aug. 28, 2026 unless stated.
Artificial IntelligenceNYSE:NOK
Nokia shares fall 3.6% as AI order book puts pressure on cash flow
Nokia Oyj slipped 3.59% on Friday, wiping out roughly $2.1 billion in market capitalization. The stock ended the session at $10.21, breaking a three-day…
Nokia Oyj · NYSE: NOK
AI orders versus the cash-flow test
Market data: Aug. 28, 2026, 4:00 p.m. ET
Fundamentals and consensus: Aug. 29, 2026, 3:00 a.m. ET
Fundamentals and consensus: Aug. 29, 2026, 3:00 a.m. ET
Close
$10.21
−3.59% Friday
Volume
50.6M
58% of 50-day average
Estimated value lost
$2.1B
Friday session
Analyst target
$15.02
47% implied upside
Order conversion bridge
Orders equal 58% of Q2 sales; management expects roughly half to convert within 12 months.
Profit quality
| Comparable operating profit | €434M | +18% YoY |
| Comparable operating margin | 9.0% | +70 bps |
| Reported operating result | −€50M | €390M restructuring charge |
| Free cash flow | −€732M | Q2 2026 |
| Net cash | €2.78B | −€1.01B QoQ |
Growth and valuation snapshot
| Metric | Latest | Comparison | Investor read-through |
|---|---|---|---|
| Group sales | €4.82B | +9% constant currency | Broad growth returned |
| Network Infrastructure sales | €2.04B | +12% constant currency | Optical and IP led |
| AI & Cloud sales | €446M | +105% constant currency | 9.3% of group sales |
| 2026 comparable operating profit | €2.1B–€2.6B | Midpoint €2.35B | Orders equal 1.19× midpoint |
| Analyst mix | 8 Buy / 2 Hold / 1 Sell | Targets $8.50–$21 | Wide execution range |
Friday peer tape
| Company | Ticker | Move |
|---|---|---|
| Nokia | NOK | −3.59% |
| BlackBerry | BB | −5.66% |
| Motorola Solutions | MSI | −0.11% |
| Apple | AAPL | +1.63% |
What changes the thesis
Oct. 22, 2026 Confirmed Q3 reporting date.
Upside: Faster order conversion, sustained Optical/IP growth and positive free cash flow.
Downside: Supply delays, continued restructuring outflows, customer concentration or currency pressure.
Sources: Nokia Q2 2026 earnings release and IR calendar; MarketWatch close and volume; Investing.com analyst consensus.
Artificial IntelligenceNASDAQ:IREN
IREN Shares Slide 12.5% with $4 Billion AI ARR Offset by 68% EBITDA Decline
NEW YORK, August 28, 2026, 23:10. IREN shares dropped 12.5% after reporting $4 billion in annual recurring revenue from AI, which was accompanied by…
IREN · NASDAQ: IREN
AI-cloud crossover, margin reset
Market close: Aug. 28, 2026 · 16:00 EDT
Quote feed checked: Aug. 28, 2026 · 20:15 EDT
Quote feed checked: Aug. 28, 2026 · 20:15 EDT
Close
$35.45
−12.5%
Volume
88.6M
~2.0× three-month average
Equity value erased
≈$1.8B
Yahoo closing capitalization basis
Catalyst
FY26 results
EBITDA missed the cloud ramp
Quarterly business mix · US$M
AI Cloud became 51.4% of quarterly revenue. Source: IREN FY26 results, Aug. 27.
Margin transmission
Adjusted EBITDA fell 68%; margin contracted to 14.0% from 41.1%.
Valuation bridge
| Metric | Value | Multiple |
|---|---|---|
| Closing market value | $12.67B | — |
| FY26 GAAP revenue | $707M | 17.9× |
| Operating ARR, Aug. 26 | $1.0B | 12.7× |
| Contracted 2026 ARR | $4.0B | 3.2× |
ARR is non-GAAP and assumes contracted GPUs operate 8,760 hours; recognized revenue may be lower.
Peer tape · latest quote feed 20:15 EDT
| Company | Price | Day |
|---|---|---|
| IREN | $35.45 | −12.6% |
| CoreWeave | $84.23 | −2.9% |
| Nebius | $209.18 | −4.3% |
IREN underperformed both neocloud peers by more than eight percentage points.
Fundamentals
| FY26 | Value | YoY |
|---|---|---|
| Total revenue | $707.0M | +41% |
| AI Cloud revenue | $128.8M | +685% |
| Adjusted EBITDA | $245.7M | −9% |
| Net result | −$702.6M | vs +$86.9M |
Net loss included $638.8M of non-cash impairments.
Analyst expectations
H.C. Wainwright: Buy, $90 target, reiterated Aug. 28.
B. Riley: commercial and financing path validated; execution now moves to commissioning.
Visible Alpha quarterly adjusted-EBITDA consensus was $57.1M versus $19.2M reported.
What moves the stock next
Delivery
Horizon 2 commissioning; Horizon 3–4 target Q4 2026.
Revenue conversion
$1B operating ARR must approach $4B contracted ARR.
Capital
$14B of cash, committed financing and prepayments supports rollout.
Risks
Delays, customer concentration, GPU pricing, debt and obsolescence.
NYSE:FUBOStock Market
Fubo Shares Edge Up 2% as 1080p Rollout Assesses Power of $1.47 Billion Subscriber Base
Shares of FuboTV Inc. climbed 2.0% on Friday as an announced upgrade shifted ESPN and Fox Sports channels to 1080p resolution. This adjustment increases…
Fubo · NYSE: FUBO
1080p retention test
Sharper sports streams meet flat comparable revenue.
Market close: Aug. 28, 2026 · 16:00 EDT
Dashboard checked: Aug. 28, 2026 · 21:58 EDT
Dashboard checked: Aug. 28, 2026 · 21:58 EDT
Close
$10.30
+1.98%
Volume
813K
52% of 1.55M average
Market value
$1.12B
Google Finance
Analyst view
4 Buy
1 Hold · $17 mean target
Picture-quality jump
720p → 1080p
Reported for ESPN, ESPN2, FS1 and FS2.
Retention sensitivity
$7.4M
Estimated quarterly revenue preserved if 0.5% of 5.75M NA subscribers remain one extra quarter.
Operating bridge
| Metric | Latest | Comparison |
|---|---|---|
| NA subscribers | 5.75M | +2% YoY |
| NA revenue | $1.474B | ~flat pro forma |
| Adjusted EBITDA | $19.1M | 1.3% margin |
| Net loss | $(25.7)M | Improved from $(72.0)M pro forma |
Cash and targets
| Measure | Reading |
|---|---|
| Cash + restricted cash | $236.4M |
| FY2026 ending cash guide | ≥$200M |
| Positive free cash flow | Expected FY2027 |
| FY2028 adjusted EBITDA target | ≥$300M |
Sources: Fubo Q3 FY2026 release and SEC exhibit; Fubo pricing and 4K support; Google Finance; Cord Cutters News. The 0.5% retention case is an illustrative estimate, not company guidance. Monthly revenue run-rate uses quarter-end subscribers and includes advertising.
NASDAQ:AAPLStock Market
Apple Shares Gain 1.6% Ahead of Watch Ultra 4 Search Trends, $7.9 Billion Segment Trial Approaches
U.S. interest in “apple watch ultra 4” increased following Apple’s announcement of a product event set for September 9, drawing renewed focus to a…
Apple Watch Ultra 4 search surge
AAPL market close: August 28, 2026, 16:00 EDT · financial data through June 27, 2026 · product status checked 19:46 EDT
AAPL close
$319.70
+1.61%
Equity value
$4.70T
≈$75B added
Wearables category
$7.88B
+6.5% YoY
Event
Sep. 9
10:00 PT
Verified versus expected
| Item | Status | Investor use |
|---|---|---|
| Apple event | Confirmed | Launch catalyst |
| “Apple Watch Ultra 4” | Not announced | Search term only |
| Current Ultra 3 | $799; 42 hours | Price and battery benchmark |
| Ultra revenue | Not disclosed | Tracked inside $7.88B category |
Category share
7.2%
of Q3 revenue
Apple Q3 revenue
$109.4B
+16% YoY
Gross margin
50.1%
≈2 points from tariff refunds
Valuation
36.7×
trailing earnings
Catalyst sequence
Aug. 26 event confirmed
Aug. 28 search surge
Sep. 9 product event
| Upside | Premium price holds and new health or connectivity features widen upgrade demand. |
| Middle | Incremental update sustains category growth near the latest 6.5% rate. |
| Downside | Limited differentiation shifts buyers to cheaper Watch models or delays upgrades. |
Disclosure gap: Apple does not report Apple Watch or Ultra revenue separately. Search interest cannot be translated directly into unit sales or margin.
EarningsNASDAQ:SMCI
Supermicro Shares Drop 3.6% With $69 Billion Revenue Goal Raising Margin Concerns
SAN JOSE, California, August 28, 2026, 19:32. Supermicro shares slid 3.6% after the company set a $69 billion sales target, putting further pressure on…
Supermicro: growth target meets margin test
NASDAQ: SMCI · market close August 28, 2026, 16:00 EDT · financial data through June 30, 2026
Close
$37.08
−3.59%
Equity value
$25.7B
≈$960M erased
Volume
29.1M
55% of 50-day average
Trailing P/E
17.8×
EPS $2.08
Operating bridge
| Metric | FY2026 | Reference |
|---|---|---|
| Revenue | $39.1B | +78% YoY |
| Gross margin | 10.8% | 11.1% prior year |
| Net income | $2.2B | $1.0B prior year |
| Diluted EPS | $3.26 | $1.68 prior year |
Q4 margin reset
17.5%
9.5% one year earlier
Q1 FY2027 sales
$14.5–15.5B
Management guidance
FY2027 sales
$65–72B
Midpoint ≈30% above prior consensus
Valuation
0.66×
Market cap / FY2026 sales
What moves the stock next
| Positive | Quarterly revenue approaches $15B while gross margin holds above the 10.8% full-year level. |
| Neutral | Revenue scales, but mix pulls margin back toward the fiscal-year average. |
| Negative | Customer timing or power and cooling constraints delay rack acceptance. |
Risk: The $65–$72B outlook requires unusually rapid conversion of large AI-system orders. Server pricing, component costs and shipment timing can move both revenue and margin sharply between quarters.
![Australia Stock Market Today 29/08/2026 [UPDATE: 08:36 AEST] [Weekly Recap + Week Ahead: Tech Rebounds Before GDP]](https://ts2.tech/wp-content/uploads/2026/08/AU-market-dashboard-2026-08-29-0830-1024x683.jpg "Australia Stock Market Today 29/08/2026 [UPDATE: 08:36 AEST] [Weekly Recap + Week Ahead: Tech Rebounds Before GDP]")
ASX:DDRASX:PNR
Australia Stock Market Today 29/08/2026 [UPDATE: 08:36 AEST] [Weekly Recap + Week Ahead: Tech Rebounds Before GDP]
Weekly Recap + Week Ahead: Tech Rebounds Before GDP29/08/2026 · 08:36 AEST WEEKLY RECAP + WEEK AHEAD Tech rescued Friday; rates still set the…
NASDAQ:INTCNASDAQ:MRVL
U.S. Aftermarket Recap: Tech Losses Hold at 18:00 EDT on August 28, 2026
U.S. equity benchmarks held near their closing levels through 18:00 EDT. Thin after-hours trading did not extend Friday’s technology-led selloff.
U.S. Aftermarket · 18:00 EDT
Index ETFs steady after a tech-led decline
Friday, Aug. 28, 2026
Session window: 16:00–18:00 EDT
Session window: 16:00–18:00 EDT
S&P 500 close
7,711.76
−0.25%
Nasdaq close
26,402.42
−0.52%
Dow close
53,559.99
−0.02%
Russell 2000
2,972.37
−1.40%
Regular close versus 18:00 EDT aftermarket
After-hours: SPY −0.03%, QQQ −0.02%, DIA +0.01%, IWM +0.03%.
Sector spread
| Communication services | +1.41% |
| Energy | +0.60% |
| Utilities | −1.08% |
| Technology | −1.55% |
Stocks that set the tone
| Gap | ≈+13% |
| Workday | +5.8% |
| Nvidia | −4.6% |
| Marvell | −10.3% |
| PayPal | −12.7% |
Session drivers
- Warsh kept inflation and a September hike in focus.
- Chip guidance failed to clear elevated expectations.
- Communication services offset part of technology’s drag.
Next-session sensitivities
- Treasury yields and Fed-funds pricing.
- Whether Nvidia and Marvell stabilize.
- Small-cap response to tighter financial conditions.
Sources: AP, Reuters, WSJ market data and StockAnalysis after-hours snapshot. Figures timestamped Aug. 28, 2026, 18:00 EDT unless noted.
NASDAQ:NVDASemiconductors
Nvidia Shares Fall 4.6%, Wiping Out $253 Billion as Margin Concerns Eclipse $108 Billion Forecast
SANTA CLARA, August 28, 2026, 17:50. Nvidia shares closed down 4.6%, losing $253 billion in market value, as investors focused on margin risks despite…
NASDAQ: NVDA · Post-earnings reset
Growth held. The margin premium did not.
Market close: Aug. 28, 2026, 16:00 EDT
After-hours check: 17:35 EDT
After-hours check: 17:35 EDT
Close
$217.55
▼ 4.57%
Equity value lost
≈$253B
One-session estimate
Volume
194.1M
136% of 65-day average
Market cap
$5.28T
P/E: 27.3×
Revenue scale and margin path
Revenue bars; amber line shows gross margin: 74.9%, 75.0%, then 74.0% midpoint guidance.
Quarterly comparison
| Metric | Q1 FY27 | Q2 FY27 | Q3 guide |
|---|---|---|---|
| Revenue | $81.6B | $96.2B | $108.0B ±2% |
| Seq. growth | 20.0% | 17.9% | 12.2% |
| Gross margin | 74.9% | 75.0% | 74.0% ±0.5 pt |
| Data center | $75.2B | $89.0B | Not guided |
Street and capital returns
| Consensus | Buy |
| Ratings mix | 57 Buy · 7 Overweight · 2 Hold · 1 Sell |
| Median target | $316.60 · 45.5% above close |
| Q2 capital returned | $26.0B |
| Remaining repurchase authority | $99.0B |
Operating signals
- Q2 revenue: +106% year over year.
- Data center: +117% to $89.0B.
- Adjusted EPS: $2.22 versus $2.09 consensus.
- FY2028 outlook: about 70% revenue growth.
Risk map
- Upside: faster Rubin supply, resilient hyperscaler spending, buybacks.
- Downside: margin compression, China limits, customer funding pressure.
- Watch: Nov. 25 Q3 report and 74% margin delivery.
Sources: NVIDIA Q2 FY2027 release; Reuters, Aug. 27–28, 2026; FactSet via WSJ/MarketWatch. Market figures are time-sensitive and stated as of the timestamps above.
Cloud ComputingNASDAQ:AMZN
Amazon Stock Jumps 4% as AWS’s 2 Million-GPU Expansion Adds $110 Billion
Amazon.com Inc. gained 3.97% on Friday. The move added roughly $109.8 billion to its equity value.
Amazon · NASDAQ: AMZN
AWS GPU expansion: the $110B market test
Market: Aug. 28, 2026, 17:11 EDT
Financials: Q2 ended June 30, 2026
Financials: Q2 ended June 30, 2026
Close
$266.43
▲ 3.97% regular session
Equity value added
≈$109.8B
Derived from $2.874T closing cap
Volume
49.32M
1.00× recent average
After hours
$266.31
▼ 0.04% at 17:11 EDT
AI capacity commitments
New Nvidia GPU deployment2.0M · 2027–2028
Earlier AWS deployment plan>1.0M · from 2026
Secure federal AI infrastructure100K GPUs
The new two-million-unit plan is incremental. Amazon disclosed no purchase cost, utilization target or return threshold.
What gets deployed
GPU familiesBlackwell Ultra
Rubin · Rubin Ultra
Rubin · Rubin Ultra
EC2 G7 inference4.6× vs G6
Vector indexingUp to 9× faster
Indexing cost¼ of prior cost
AWS operating engine
AWS reached a $169B annualized revenue run rate. Segment operating margin was about 39.3%.
Valuation and analyst range
Average-target upside22.7%
Trailing P/E21.43×
Latest displayed callUBS Buy · $318
Cash-flow transmission
Amazon Q2 net sales$200.6B · +20%
Amazon Q2 operating income$27.5B · +43%
TTM property/equipment increase+$66.1B year over year
TTM free cash flow−$7.6B vs +$18.2B
Investor bridge: Friday’s value gain was 2.6× one quarter of AWS revenue. Capacity must convert into durable utilization and cash returns.
Execution risks
01GPU supply and rack deployment timing
02Power, cooling and data-center construction
03Nvidia dependency and accelerator pricing
04Utilization against Microsoft and Google
05Capital intensity before revenue conversion
Sources: AWS–Nvidia announcement (Aug. 26, 2026); Amazon Q2 2026 results; Yahoo Finance AMZN quote and analyst display. Market-value gain is calculated from the closing market cap and daily return. Figures may be rounded.
Stock MarketTechnology
Exascale Labs Begins Nasdaq Trading with 12% Surge as $300 Million Pipeline Outpaces $12 Million in Cash
NEW YORK, August 28, 2026, 13:37 EDT – Exascale Labs opened on the Nasdaq with its shares rising 12%, as the company debuted with…
XLAB investor dashboard
Debut-day demand meets a thin cash base
Exascale Labs drew heavy trading on its first Nasdaq session. The valuation case now rests on converting a large reported pipeline while funding an asset-heavy GPU capacity strategy.
Market figures as of August 28, 2026, 13:30 EDT / 19:30 CEST
Share price
$5.29
+12.08% versus prior close
Trading activity
5.54m
11.4× the 65-day average
Qualified pipeline
$300m
Company-reported; not booked revenue
Trust cash
≈$12m
After redemptions, before expenses
Price discovery was violent
Revenue versus reported opportunity
Quarterly revenue scaled from a small base
| Quarter | Revenue |
|---|---|
| Q4 2023 | $0.068m |
| Q1 2024 | $0.479m |
| Q2 2024 | $0.770m |
| Q3 2024 | $1.171m |
| Q4 2024 | $1.442m |
| Q1 2025 | $2.160m |
| Q2 2025 | $2.242m |
| Q3 2025 | $3.262m |
| Q4 2025 | $3.545m |
The company reported 64% average quarterly growth across this sequence. FY2025 revenue totaled $7.0 million.
Catalyst timeline
July 16
A three-year agreement committed about $71.4 million to dedicated GPU capacity. It is a procurement obligation, not customer revenue.
July 29
Shareholders approved the combination. Roughly $12 million remained in trust after redemptions, before transaction expenses.
August 27
The business combination closed. Management cited a qualified pipeline exceeding $300 million.
August 28
XLAB shares and XLABW warrants began Nasdaq trading.
Pipeline conversionQualified opportunities may not become contracts, revenue or cash.
Funding burdenThe $71.4 million capacity commitment exceeds disclosed post-redemption trust cash.
Price volatilityVolume was elevated and the price retraced sharply from its $10.80 high.
DilutionPublic warrants and future capital needs can expand the share count.
Sources: MarketWatch market data; closing announcement; SEC filing on trust cash; SEC investor presentation; GPU capacity agreement. Financial figures reflect company disclosures and are not forecasts.
Artificial IntelligenceEarnings
Core AI Stock Jumps 56% as Q2 Revenue Rises to $22.4 Million
Core AI Holdings shares jumped about 56% on Friday after quarterly revenue reached $22.35 million. Trading volume exceeded 205 million shares, roughly 388 times…
Core AI Holdings — earnings reaction
NASDAQ: CHAI · Mobile games and advertising analytics
+≈56% intraday
Share price
$0.39
Aug. 28, 2026, 13:15 EDT
Volume
205.7m
≈388× 530,760 average
Market value
$10.3m
≈+$3.7m versus prior close
Q2 revenue
$22.35m
+55.8% year over year
Quarterly economics
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | $22.35m | $14.34m | +55.8% |
| Gross profit/(loss) | ($0.01m) | ($0.40m) | 97.2% narrower |
| Net loss | ($1.62m) | ($0.76m) | +114% |
| H1 revenue | $26.12m | $28.85m | -9.5% |
| H1 operating cash flow | $5.45m | ($2.42m) | Turned positive |
Revenue and gross margin signal
Q2 nearly erased the quarterly gross loss, but first-half gross margin remained about -11.8%.
Cash
$12.04m
June 30; $1.93m at Dec. 31
Working capital
$1.91m
Current assets less liabilities
Top-two customers
78.4%
Share of H1 revenue
Accumulated deficit
$37.22m
June 30, 2026
What matters next
Margin proofAnother near-breakeven gross-margin quarter would show Q2 was repeatable.
FinancingA $3.54m ATM capacity and outstanding warrants create dilution sensitivity.
ListingThe stock remains below Nasdaq's $1 minimum-bid threshold despite Friday's rally.
Market data: Robinhood snapshot at 13:15 EDT, Aug. 28, 2026. Financial data: Core AI Holdings Form 6-K filed Aug. 27, 2026. No reliable broad analyst-consensus set was available. Figures rounded; market-value change is estimated.