Blockonomi

TLDR:
Securitize and Dubai’s VARA signed an MoU to advance regulated tokenization market efforts.
The partnership will give licensed market participants access to Securitize’s global expertise.
Collaboration will focus on ecosystem growth, talent attraction, and financial market education.
Executives said regulatory clarity will shape where tokenized capital markets will take root.
Securitize has signed a Memorandum of Understanding with Dubai’s Virtual Assets Regulatory Authority to advance regulated tokenization across the emirate.
The agreement, announced on September 3, 2026, aims to strengthen digital asset infrastructure and support Dubai’s ambition to lead global tokenized financial markets.
Under the MoU, both parties will share expertise, encourage institutional participation, and promote research and talent development within Dubai’s regulatory framework. The partnership signals growing regulatory engagement with tokenization worldwide.
Securitize and VARA Outline Collaboration Framework
The MoU sets up a structure for ongoing cooperation between Securitize and VARA. Both organizations plan to work together on knowledge sharing and ecosystem development within Dubai’s virtual asset sector.
Licensed market participants operating under VARA’s oversight will gain access to Securitize’s global tokenization experience.
Securitize confirmed the announcement through a post on its official X account. The company described the agreement as a step toward advancing tokenization and digital asset infrastructure throughout Dubai. It also noted the deal supports Dubai’s goal of becoming a leading jurisdiction for regulated tokenized markets.
We’ve signed an MoU with @varadubai to advance tokenization and digital asset infrastructure across Dubai.
The agreement supports Dubai’s ambition to become the leading global jurisdiction for regulated tokenized financial markets and digital financial infrastructure. pic.twitter.com/n0oHk6vbdz
— Securitize (@Securitize) September 3, 2026
A follow-up post outlined additional areas of focus under the partnership. These include exploring tokenization initiatives, supporting talent attraction, and encouraging market education across Dubai’s ecosystem. Data-driven research and the development of new tokenized financial products were also listed as shared priorities.
According to the companies, projects may be initiated or facilitated directly by VARA. The collaboration is designed to operate within Dubai’s existing regulatory framework rather than outside it. This structure is intended to maintain market integrity while allowing innovation to continue.
Executives Comment on Dubai’s Regulatory Vision
Carlos Domingo, Co-Founder and CEO of Securitize, addressed the partnership in a public statement. He said Dubai “has established itself as one of the world’s most forward-looking jurisdictions” for digital asset innovation.
Domingo added that collaboration between regulators and industry is becoming increasingly important as tokenization advances.
Domingo also spoke about Securitize’s role in the broader shift toward onchain capital markets. He said the company is “proud to support VARA’s vision” of a trusted, well-regulated digital asset ecosystem. His comments tied the partnership directly to Securitize’s ongoing institutional tokenization efforts.
Matthew White, CEO of VARA, also commented on the agreement’s purpose. He said Dubai’s ambition is that financial markets be shaped “not only by new technologies” but by supportive regulatory frameworks. White noted this approach gives institutions confidence to adopt emerging digital asset tools.
White further described the Securitize partnership as reinforcing Dubai’s broader market position. He said the collaboration supports development of regulated tokenized markets within the emirate. White framed the agreement as strengthening Dubai’s standing as a global capital markets center.
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TLDR:
Bitcoin-gold correlation hits its highest level since 2020, per Bitwise Asset Management data.
Bitcoin surged 22.4% weekly after Treasury Secretary Bessent’s bond market intervention in August.
Bitcoin’s correlation with the Nasdaq-100 dropped to a one-year low, weakening its risk-asset label.
Gold’s $30 trillion market could reprice bitcoin if the correlation trend with debasement hedging holds.
Bitcoin’s correlation with gold just hit a six-year high, according to new research from Bitwise Asset Management. The 90-day rolling correlation between the two assets has climbed to its strongest level since 2020, when pandemic-era stimulus reshaped global markets.
Bitwise says the shift signals a change in how investors view bitcoin, moving it closer to gold’s traditional role as a store of value during periods of macro stress.
Bitcoin’s Correlation With Gold Reaches Six-Year Peak
Bitwise tracked the relationship using Bloomberg data spanning from April 2015 through August 2026. The current reading matches levels last seen during the Covid-19 stimulus era. That earlier period also involved heavy government intervention in financial markets.
August marked a turning point for this correlation. U.S. Treasury Secretary Scott Bessent stepped into the bond market after yields on 10- and 30-year Treasuries climbed. The move stirred concerns about financial repression and yield curve control.
Bitcoin posted its largest weekly gain since March 2024 following the intervention, rising 22.4%. Gold gained roughly 5% over the same period while equities fell. Bitwise says both assets moved together in a way that stood out statistically.
What’s Driving the Bitcoin-Gold Relationship
Bitwise’s official account shared the findings, noting that when macro conditions dominate headlines, investors tend to stop choosing between gold and bitcoin. Instead, many allocators are buying both assets at once.
Bitcoin's correlation with gold just hit a six-year high.
The last time it was this high was 2020, after the Covid stimulus.
When macro dominates, many investors stop choosing between gold and bitcoin.
They buy both.
In this week's CIO memo, @Andre_Dragosch explains why… pic.twitter.com/YHnvXp9KN5
— Bitwise (@Bitwise) September 3, 2026
The firm’s Europe research director, André Dragosch, authored the analysis. He pointed to bitcoin’s declining correlation with the Nasdaq-100, which has dropped to a one-year low. That trend weakens the argument that bitcoin simply tracks tech stock sentiment.
Bitcoin also remains negatively correlated with the U.S. Dollar Index. Bitwise explains that dollar weakness tends to align with bitcoin strength, a pattern gold has exhibited for decades during currency pressure.
Why the Six-Year High Matters for Investors
Bitwise cautions that bitcoin and gold remain different assets despite the recent convergence. Gold has served as a store of value for thousands of years, while bitcoin was created less than two decades ago.
Still, the firm argues that rising correlation during stressful macro periods carries weight. Gold’s market is valued near $30 trillion, built by central banks and institutional allocators over generations.
If bitcoin continues moving toward this category, Bitwise suggests it could eventually be priced against a much larger capital base. That would mark a shift from its historical pricing as a venture-style risk asset toward something closer to a macro hedge.
The post Bitcoin’s Correlation with Gold Hits Six-Year High Amid Macro Uncertainty appeared first on Blockonomi.

TLDR
Hyperscale Data reports about $110 million in stockholders’ equity for June.
Total assets reached about $360 million at the end of the June reporting quarter.
Net book value stands near $0.95 per share based on the June 30 share count data.
Gross asset value reaches about $3.10 per share before liabilities are deducted.
GPUS falls 3.68% to $0.1911 as the company releases its balance sheet update.
Hyperscale Data (GPUS) shares reported about $110 million in stockholders’ equity for the quarter ended June 30, 2026. The company also reported $360 million in total assets and about 116 million shares outstanding. Meanwhile, GPUS fell 3.68% to $0.1911 after dropping below $0.20 during the session.
Hyperscale Data, Inc., GPUS
Hyperscale Data Reports $110 Million in Stockholders’ Equity
Hyperscale Data said common stockholders held about $110 million in net stockholders’ equity at quarter end. The company reached that figure after accounting for the carrying value of its preferred stock. It used reported balance sheet figures from its Form 10-Q for the calculation.
The company had 116,290,473 shares outstanding on a post-split basis as of June 30. Hyperscale Data divided its net common equity by that share count to calculate book value. The calculation produced a net book value of approximately $0.95 for each common share.
The reported book value provides an accounting measure of common shareholder equity at the end of the quarter. However, the figure does not represent liquidation proceeds or an estimate of future market performance. Instead, it reflects the company’s recorded financial position on the reporting date.
Gross Assets Reach $360 Million at Quarter End
Hyperscale Data also reported total assets of $360.038 million for the June quarter. Those assets supported a gross asset value calculation of about $3.10 for each common share. The company used the same June 30 share count when calculating that measure.
Gross asset value differs from net book value because the measure does not subtract company liabilities. Therefore, it represents the company’s reported asset base rather than residual equity available to common stockholders. Hyperscale Data presented both measures to provide broader balance sheet context.
The calculation also shows the difference between total assets and equity attributable to common shareholders. Liabilities and other balance sheet obligations account for much of that difference. As a result, the two per-share measures serve separate accounting purposes.
Hyperscale Data Maintains Data Center and Strategic Asset Focus
Hyperscale Data operates as an artificial intelligence data center company with a business strategy anchored by Bitcoin. The company also holds operating businesses and strategic investments across data center infrastructure and other industries. Its latest update focused on the accounting value attached to those assets and businesses.
Management presented the figures to provide shareholders with additional context about the company’s reported financial position. The update focused on stockholders’ equity, total assets, outstanding shares, and related per-share calculations. It did not provide a new earnings forecast or financial guidance.
The reported figures reflect Hyperscale Data’s financial position as of June 30, 2026. Future filings could change these measures as assets, liabilities, equity, or outstanding shares change. The latest disclosure therefore provides a quarter-end balance sheet snapshot rather than a forward-looking valuation.

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TLDR
Roblox stock gains 1.58% as creator earnings top $1.5 billion during 2025.
U.S. Roblox creators generated a $752 million GDP impact during 2025 alone.
Creator earnings jumped from $923 million in 2024 to above $1.5 billion in 2025.
Roblox says studied markets supported nearly 12,000 full-time job equivalents.
Jumpstart and Incubator programs aim to expand Roblox’s developer pipeline.
Roblox Corporation gained 1.58% to $41.86 as new creator economy data highlighted stronger platform earnings and wider economic reach. The stock recovered from midday weakness after briefly moving above $43 earlier in the session. Roblox said creator earnings exceeded $1.5 billion in 2025, sharply above the prior year’s total.
Roblox Corporation, RBLX
Roblox Creator Earnings Top $1.5 Billion
Roblox reported that creators earned more than $1.5 billion during 2025 across its global platform. That figure surpassed the $923 million paid to creators during 2024. The increase showed stronger monetization across games, virtual items, and other creator-led experiences.
Roblox also said its studied markets supported nearly 12,000 full-time job equivalents worldwide. The company included the United States, Australia, Mexico, the European Union, and MENA in its reports. Together, the findings showed a broader economic role for the platform beyond gaming activity.
The reports also showed that many creators operate independently instead of through large studios. In the United States, 83% of surveyed creators worked as individual creators. That structure gives smaller developers access to platform tools, distribution, and direct earning opportunities.
U.S. Creator Economy Adds $752 Million to GDP
Roblox’s U.S. creator economy generated an estimated $752 million in GDP impact during 2025. The figure represented a 69% increase from 2024, according to analysis from Nordicity. That growth strengthened Roblox’s position as a digital platform with measurable economic activity.
Creator payments also reached regions outside major technology centers across the United States. About 66% of U.S. creator earnings went to areas with lower concentrations of technology workers. Those payments totaled nearly $444 million and reached creators across 5,257 ZIP codes.
Roblox said U.S. creators contributed an estimated $2.37 billion to the economy between 2017 and 2025. The longer-term figure shows how creator activity expanded as the platform grew. It also adds context to the company’s latest annual earnings and employment estimates.
Roblox Expands Programs for New Developers
Roblox continues to expand tools and training programs designed to support new and experienced creators. The company offers Roblox Studio and a mobile-first Build tab for creating platform content. These tools lower technical barriers for people entering game development.
The company also added Jumpstart and Incubator programs during 2026 to support developer growth. Jumpstart helps creators learn the platform and experiment with different types of games. Incubator runs for six months and helps teams develop concepts into scalable products.
Roblox also supports learning programs that introduce younger users to coding and design skills. These efforts connect platform growth with a larger pipeline of future developers. The latest economic reports place that strategy beside rising creator earnings and broader regional activity.

The post Roblox Corporation (RBLX) Stock: Surges as Creator Economy Earnings Top $1.5 Billion appeared first on Blockonomi.

TLDR:
Crypto market capital is returning after artificial intelligence investments attracted much of the speculative money earlier this year.
CZ says investors are moving “hot money” toward Bitcoin and spot ETFs, supporting renewed demand across major digital assets.
Bitcoin rose from below $65,000 in mid-August to about $78,500 on September 3 amid stronger institutional crypto flows.
CZ argues finance will retain its economic role because people and artificial intelligence systems will continue requiring money.
The crypto market is attracting capital that previously moved toward artificial intelligence investments, Binance co-founder Changpeng Zhao says. The shift is helping Bitcoin and other digital assets recover after a weak period earlier this year.
CZ said speculative “hot money” is beginning to leave AI stocks and enter Bitcoin, crypto exchange-traded funds, and related assets. He linked the change to renewed institutional participation and stronger ETF demand.
Bitcoin traded near $78,500 on September 3 after falling below $65,000 in mid-August. That represents a recovery of more than 20% from those August lows. The move provides early evidence of improving demand, although CZ did not disclose specific capital-flow figures.
Crypto Market Draws Money Previously Chasing AI Growth
Earlier this year, CZ argued that the AI investment boom had diverted speculative capital from digital assets. Investors poured money into chipmakers, infrastructure providers, data centers, and companies connected to generative AI development.
Some "hot money" flowing back from AI to crypto.
The money industry is not going away. You (and AI) will still need money.
— CZ BNB (@cz_binance) September 2, 2026
That concentration left less risk capital available for the crypto market, contributing to weaker prices and lower trading activity. The latest rotation suggests investors are reassessing opportunities after the strong run across AI-linked assets.
CZ described the returning funds as “hot money,” a term for capital that moves quickly between markets. Such funds often follow momentum, liquidity, and short-term return opportunities instead of long-term fundamentals.
The AI capital rotation does not mean investors are abandoning artificial intelligence. Instead, some traders may be reducing crowded positions and seeking assets that have underperformed. Bitcoin’s rebound gives those investors a fresh momentum signal.
CZ also rejected concerns that AI could reduce the long-term importance of financial services. “The money industry is not going away,” he said. “You and AI will still need money.”
His argument positions blockchain networks and digital assets within an economy increasingly shaped by autonomous software. AI systems may eventually conduct transactions, purchase computing resources, or pay for digital services. Those activities would still require payment and settlement infrastructure.
The returning capital could increase liquidity across major assets if the rotation continues. Nevertheless, fast-moving speculative funds can leave just as quickly when momentum weakens or another investment theme gains attention.
Institutional Crypto Flows Strengthen the Market Recovery
CZ linked Bitcoin’s August rally partly to the return of institutional investors. He also pointed toward capital entering ETFs that track spot cryptocurrency prices.
Spot ETFs allow investors to gain regulated price exposure without directly holding tokens. They also provide familiar brokerage access, established custody arrangements, and standard reporting structures. These features can reduce operational barriers for institutions entering the crypto market.
Bitcoin’s rise above $78,000 indicates that demand strengthened after the mid-August decline. The recovery also came while investors reconsidered allocations across technology stocks and alternative assets.
Still, price appreciation alone cannot confirm a lasting capital rotation. Trading volume, ETF inflows, stablecoin liquidity, and corporate purchases offer clearer evidence of whether new funds are entering the sector.
Institutional crypto flows can affect more than Bitcoin. Stronger demand often spreads toward Ether and other liquid assets after Bitcoin establishes upward momentum. Smaller tokens may also benefit, although they usually carry greater volatility and thinner liquidity.
CZ remains an influential figure within the digital asset industry despite stepping down from Binance leadership. Investors closely follow his public comments because of his experience running the world’s largest cryptocurrency exchange by trading activity.
Binance remains privately held, meaning investors cannot buy its shares on a public stock exchange. Therefore, traders seeking exposure to renewed activity must use digital assets, listed crypto companies, or regulated investment products.
The crypto market now faces a test of whether returning speculative funds develop into sustained demand. Continued ETF purchases and broader institutional participation would provide firmer support for CZ’s capital-rotation view.
The post Crypto Market Draws Fresh Capital as CZ Flags AI Rotation appeared first on Blockonomi.

TLDR
MSTR jumps 14.62% as Strategy unveils seven-city AI forum with Google Cloud.
Strategy and Google Cloud launch enterprise AI forums across seven U.S. cities.
The October forum series targets enterprise data, governance, and AI at scale.
Strategy brings Google Cloud into a seven-city U.S. enterprise AI forum series.
MSTR rallies to $141.20 as Strategy expands enterprise AI outreach with Google.
Strategy Inc. (MSTR) stock surged 14.62% to $141.20 as the company announced a seven-city forum series with Google Cloud. MSTR climbed throughout the session and held near its intraday high, giving the announcement added market attention. The series will focus on enterprise data, governance, business context, and the operational demands of scaling artificial intelligence systems.
Strategy Inc, MSTR
Strategy and Google Cloud Launch Seven-City AI Forum
Strategy will hold the AI Transformation Forum across seven major United States business and technology centers during October 2026. The program will visit New York, Boston, Washington, Sunnyvale, Chicago, Dallas and Atlanta across four weeks. Google offices will host the New York, Boston, and Sunnyvale forums, while separate venues will handle the other sessions.
New York will open the series on October 1, followed by Boston on October 6 and Washington on October 8. Sunnyvale will host the next forum on October 14, before Chicago takes its turn on October 20. Dallas follows on October 22, while Atlanta will close the announced schedule on October 29.
The forums will target data chiefs, information officers, technology leaders, and executives managing enterprise analytics and transformation programs. Sessions will address trusted enterprise data, semantic layers, governance, compute efficiency, and methods for moving pilot programs into production. Strategy and Google Cloud will also bring enterprise specialists into discussions about practical deployment challenges and business requirements.
Enterprise Data and Governance Drive Forum Agenda
Companies increasingly need consistent business definitions and governed information as automated systems take on more operational tasks. Strategy says enterprises must control how systems access internal data and interpret business context before expanding deployments across departments. The forum agenda therefore connects data quality, governance, and operational consistency with broader enterprise technology decisions.
The program will also address rising token use and computing costs as organizations expand workloads beyond early experiments. Strategy plans to examine methods that reduce resource consumption while improving the economic return from larger enterprise deployments. That focus links infrastructure efficiency with the financial demands companies face when they scale data-heavy applications across operations.
An IDC survey cited by Strategy found 93% of respondents increased attention toward semantic layers due to enterprise AI priorities. Semantic layers help organizations apply shared definitions and business meaning across data used by different teams and applications. Strategy will use the forum series to position governed data and common business context as key parts of enterprise deployment.

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TLDR
ORBS stock jumps 21% after Eightco expands its major share buyback program.
Eightco reports about $380 million across crypto, cash and private tech stakes.
Worldcoin remains a major treasury holding with nearly 302 million WLD tokens.
Eightco holds 16,278 ETH alongside OpenAI and Beast Industries investments.
Share repurchases and treasury exposure drive a sharp rally in Eightco stock.
Eightco Holdings (ORBS) shares surged 21.18% to $1.0150 after the company released a fresh treasury and share buyback update. The stock extended its intraday rally toward the session high near $1.04, marking a sharp market response. The update showed $380 million in holdings and more than 25 million shares repurchased during the past month.
Eightco Holdings Inc., ORBS
ORBS Buyback Supports Strong Stock Rally
Eightco said it repurchased more than 25 million common shares during the past month. The purchases fall under its previously announced $125 million share repurchase program. The company presented the buyback alongside an updated breakdown of its treasury assets and strategic private investments.
As of September 2, Eightco reported total holdings of about $380 million across several asset categories. Cash and stablecoins accounted for about $122 million of that total. The portfolio also included digital assets and stakes in several private technology companies.
Eightco built its treasury around artificial intelligence, digital identity, and the creator economy. The company uses OpenAI, Worldcoin, and Beast Industries as its main exposures to those themes. Therefore, the latest update connected the share repurchases with the company’s broader treasury structure.
Worldcoin Position Represents Major Treasury Exposure
Eightco held 301,971,219 Worldcoin tokens as of September 2. The company valued the WLD position at $0.37 per token for its latest treasury calculation. That holding represented about 29% of Eightco’s reported treasury assets.
The company said its WLD position equals about 8.3% of circulating supply. Eightco described the stake as its largest publicly disclosed institutional Worldcoin position. The exposure links its treasury strategy with digital identity infrastructure and World network growth.
World expanded its identity technology through the open-source release of ProveKit on September 2. The toolkit supports zero-knowledge identity proofs and already powers privacy features within World ID. Eightco highlighted that development as relevant to its digital identity exposure and long-term treasury theme.
Ethereum Holdings Add Another Digital Asset Component
Eightco also reported holdings of 16,278 Ethereum tokens in its latest treasury update. The company did not assign a separate portfolio percentage to the ETH position. However, Ethereum remains one of the major digital assets inside its treasury mix.
Beyond crypto, Eightco reported a $90 million indirect investment in OpenAI through special purpose vehicles. It also listed an $18 million funded investment in Beast Industries. A separate $1 million position gave the company exposure to Mythical Games and the gaming sector.
OpenAI exposure represented about 24% of treasury assets, while Beast Industries represented about 5%. Meanwhile, the company maintains significant liquid reserves through its cash and stablecoin position. The combined portfolio gives ORBS exposure to private technology companies, digital assets, and liquid holdings.

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TLDR
Zoox expands paid robotaxi rides to Las Vegas airport, boosting Amazon’s reach
Amazon’s Zoox gains an airport edge as robotaxi competition grows in Vegas
Zoox adds Harry Reid Airport rides as commercial robotaxi plans accelerate
Amazon shares rise as Zoox expands robotaxi operations across Las Vegas
Zoox faces rising competition as Tesla, Uber and Waymo enter Las Vegas
Amazon’s Zoox has expanded its paid robotaxi service to Harry Reid International Airport in Las Vegas. The move gives the company access to a major travel hub and expands its commercial reach across the city. Meanwhile, Amazon shares traded at $258.73, up 1.47%, while the stock approached the key $259 resistance level.
Amazon.com, Inc., AMZN
Zoox will offer rides to and from both airport terminals, including pickups near baggage claim. The service starts Thursday and adds an important destination to Zoox’s growing Las Vegas network. Consequently, the expansion strengthens the company’s position as autonomous transport gains wider traction across the city.
The airport service also gives Zoox a practical advantage against traditional ride-hailing services in Las Vegas. Uber and Lyft direct airport pickups to a nearby parking garage, requiring travelers to walk from baggage claim. However, Zoox can now collect riders directly near baggage claim at both busy airport terminals.
Zoox Accelerates Its Commercial Expansion
Zoox spent more than a decade developing autonomous driving technology and its purpose-built robotaxi. Unlike standard vehicles, its robotaxi does not include a steering wheel or traditional pedals. The company has provided rides in Las Vegas for about a year while preparing for commercial operations.
Federal regulators changed that position in August by granting Zoox a temporary exemption from safety standards. The exemption covers eight federal vehicle standards and remains valid for two years. Additionally, the approval allows Zoox to deploy as many as 2,500 vehicles under the exemption.
Zoox then began charging customers for rides on August 10 as commercial operations moved forward. The company also announced plans to test its vehicles in San Diego and Houston. Moreover, Zoox released a safety framework as it expanded its operations and prepared for wider deployment.
Las Vegas Draws More Robotaxi Competition
Las Vegas has become an important testing market for autonomous vehicle companies seeking commercial opportunities. Zoox now operates at the airport, but several rivals are preparing competing services across Clark County. Therefore, the company faces stronger competition as more operators receive regulatory approval.
Tesla, Uber and Waymo received permits from the Nevada Transportation Authority to run commercial robotaxi services. Uber plans to operate through partnerships involving Hyundai subsidiary Motional and Zoox. Together, the approved plans could support the deployment of up to 8,000 robotaxis across Clark County.
The growing competition could reshape ride-hailing across Las Vegas as companies expand their autonomous fleets. Zoox has gained an early airport position, while rivals continue building their local operations. Meanwhile, Amazon’s stock remains near $259 resistance, with $258 and $257 serving as key short-term support levels.
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TLDR:
Ethereum saw accelerated August activity across Layer-2 upgrades, institutional adoption and ecosystem development.
BlackRock expanded tokenization on Ethereum while Gnosis and Whitechain pursued Layer-2 transitions.
Privacy tools and wallet infrastructure advanced through new applications, security features and post-quantum technology.
DeFi growth continued as Aave, Morpho and Uniswap reached new deposit and trading milestones.
Ethereum development activity accelerated through August as builders across the ecosystem shipped new upgrades, launched fresh protocols, and expanded institutional integrations.
Layer-2 networks advanced their infrastructure, decentralized finance protocols recorded fresh deposit milestones, and privacy-focused applications gained new momentum.
The developments touched governance, tokenization, wallet security, and onchain gaming across the wider Ethereum landscape.
Institutional and Layer-2 Expansion Gain Momentum
Ethereum’s Layer-2 ecosystem saw structural changes this month. GnosisDAO approved a vote to move Gnosis Chain from an independent Layer-1 network to a ZK-proven Ethereum Layer-2 rollup.
The shift introduces synchronous composability, allowing applications on Gnosis and Ethereum to interact within a single transaction.
Institutional interest in Ethereum also expanded. BlackRock introduced its Select Treasury Based Liquidity Fund with a tokenized share class deployed on Ethereum mainnet.
The asset manager additionally began tokenizing share classes tied to its $311 billion European money market fund series on the network.
Ethereum is for shipping.
Here are 35 things the Ethereum ecosystem launched, upgraded, and announced through August.
1/ GnosisDAO approved a vote to transition @gnosischain from its own L1 to a ZK-proven Ethereum L2 rollup with synchronous composability, so apps on Gnosis and…
— Ethereum (@ethereum) September 3, 2026
Arbitrum activated its ArbOS Elara upgrade, bringing more responsive transaction fees to Arbitrum One. The update also increased Stylus smart contract capacity fourfold and added new features for chains built on the Arbitrum stack.
Elsewhere, Whitechain, the network connected to the WhiteBit exchange ecosystem, announced plans to transition from an independent Layer-1 into an Ethereum Layer-2 built on the OP Stack.
Ethereum client teams also introduced the Platåberget testnet to prepare implementations ahead of the Glamsterdam network upgrade.
Privacy Tools and Wallet Infrastructure Advance
Privacy-focused development remained active across the Ethereum ecosystem in August. Aztec Network launched Alpha v5, a protocol upgrade that reduced private transaction proving times. The release also brought an initial group of privacy-preserving applications onto the network.
Privacy Boost introduced a new frontend application enabling users to send private transfers directly from connected wallets.
Separately, Privacy Pools launched onchain payroll support, letting employers issue recurring wage payments while keeping salary amounts and recipient addresses private.
Wallet security also advanced through new releases. MetaMask launched its Agent Wallet, an agentic tool built with spending limits, allowlists, and configurable risk profiles.
Freedom Factory opened presales for PQ1, an air-gapped hardware wallet that signs transactions using post-quantum cryptography through an Ethereum smart account.
Privacy-focused wallet Cloaked reported reaching $650,000 in deposits and $1 million in transaction volume during its first 90 days of operation.
Web3Privacy also released an updated Ethereum Privacy Ecosystem Mapping for 2026, documenting the network’s growing privacy tooling landscape.
DeFi Growth and Ecosystem Programs Continue
Decentralized finance activity on Ethereum showed continued expansion during the month. Aave v4 surpassed $525 million in deposits on Ethereum mainnet.
Morpho reported crossing $880 million in total deposits on Robinhood Chain within less than two months of going live, while also reaching $5.75 billion in deposits on Base.
Uniswap processed more than $1 billion in stock token volume on Robinhood Chain, contributing to over $20 billion in total volume since the platform’s July launch.
The exchange also launched v4 Permissioned Pools, a hook standard enabling allowlisted swaps for regulated assets while keeping the base protocol permissionless.
Coinbase launched tokenized stocks on Base for non-U.S. users, backed one-to-one by a regulated custodian and held in self-custody wallets.
Base separately opened applications for its Base Batches 004 accelerator program, supporting ten early-stage teams building on the network.
Ether.fi expanded its crypto neobank offering with tokenized stocks and portfolio-backed loans facilitated through Aave.
The Ethereum Foundation also launched an autoresearch challenge focused on post-quantum security, built alongside zkSecurity and EigenLabs, placing a machine-verified security problem on a public leaderboard for open contribution.
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Quick Overview
Nvidia completes acquisition of AI development platform Hugging Face in a $12.93 billion transaction
Snowflake stock soars more than 20% following impressive quarterly results and upgraded guidance
Broadcom forecasts AI chip revenue reaching $230 billion mark by 2028
Hewlett Packard Enterprise upgrades revenue outlook after posting 33.7% growth in quarterly sales
Crude oil climbs to six-week peaks amid heightened U.S.-Iran geopolitical tensions
Nvidia Completes $12.93 Billion Hugging Face Acquisition
Nvidia has finalized its purchase of Hugging Face, a leading open-source artificial intelligence model platform, in a transaction valued at approximately $12.93 billion.
This represents one of Nvidia’s most significant corporate acquisitions to date, signaling the chipmaker’s strategic expansion beyond hardware into AI software infrastructure and development tools.
Hugging Face has established itself as a cornerstone resource for developers globally, providing access to machine learning models, comprehensive datasets, and development frameworks. Company leadership has confirmed the platform will maintain its open-access philosophy following transaction completion.
This strategic move arrives at a critical juncture as several of Nvidia’s major clients pursue proprietary chip development initiatives. The Hugging Face acquisition positions Nvidia as an essential partner in AI development workflows, independent of underlying hardware architectures.
Snowflake Stock Rallies Over 20% on Strong AI-Driven Growth
Snowflake shares experienced a dramatic surge exceeding 20% following the data cloud provider’s announcement of better-than-anticipated quarterly performance and an upward revision to revenue projections.
The company posted second-quarter product revenue of $1.49 billion, representing 37% year-over-year expansion. Overall quarterly revenue reached $1.55 billion.
Management has increased its fiscal 2027 product revenue guidance to approximately $6.07 billion, a substantial upgrade from the previous projection of $5.84 billion.
Chief Executive Officer Sridhar Ramaswamy attributed approximately 50% of the company’s recent growth momentum to artificial intelligence-related products. This positions Snowflake advantageously compared to competitors viewing AI as disruptive to their business models.
Broadcom Projects AI Chip Revenue Could Reach $230 Billion by 2028
Broadcom has unveiled ambitious projections for its artificial intelligence semiconductor division, anticipating AI chip revenue will approach $115 billion during fiscal 2027 before potentially escalating to $230 billion in 2028.
Third-quarter AI semiconductor sales already totaled $16.7 billion. The company reported comprehensive quarterly revenue of $29.59 billion.
Broadcom has emerged as a critical supplier of customized AI processors for major technology corporations, offering these companies strategic alternatives to exclusive dependence on Nvidia’s hardware ecosystem.
Notwithstanding these robust figures, Broadcom’s stock declined following the release of near-term guidance that marginally underperformed analyst consensus estimates.
HPE Posts 33.7% Revenue Increase on Surging AI Infrastructure Demand
Hewlett Packard Enterprise delivered quarterly revenue totaling $12.21 billion, marking a 33.7% year-over-year expansion that exceeded Wall Street projections. The company posted adjusted earnings of $1.11 per share, surpassing analyst expectations.
HPE has elevated its fiscal 2026 revenue growth projection to a range between 34% and 37%, with additional expansion of 13% to 17% anticipated for fiscal 2027.
The company’s Chief Financial Officer indicated that current market demand for AI-optimized servers and networking infrastructure significantly exceeds available supply. Memory constraints and component shortages are creating fulfillment challenges for pending orders.
HPE has also broadened its strategic collaboration with Oracle, agreeing to provide networking equipment supporting Oracle’s artificial intelligence data center expansion initiatives.
Crude Oil Reaches Six-Week Peak Amid Escalating Iran Tensions
Brent crude advanced approximately 1.7% to reach $97.29 per barrel. West Texas Intermediate increased roughly 2.2% to $93.04, propelling oil prices to their highest levels in six weeks.
The price acceleration followed renewed U.S. military operations targeting Iranian interests and mounting concerns regarding potential disruptions through the Strait of Hormuz, a critical conduit for international petroleum shipments.
Elevated oil prices may amplify fuel and logistics expenses across the economy. This development could contribute to inflationary pressures and influence Federal Reserve deliberations on monetary policy adjustments.
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Key Takeaways
Snowflake crushed Q2 expectations with earnings of 62 cents per share versus 45 cents forecast and revenue of $1.55B against $1.48B consensus
Shares rocketed 22% in after-hours trading and climbed above 23% to $376 in pre-market sessions
CNBC’s Jim Cramer highlighted SNOW as poised for a significant rally after the quarterly report
The company’s AI coding assistant CoCo expanded to 9,100 accounts, adding more than 2,000 users in the quarter
Investor Michael Burry countered the optimism, warning Snowflake is significantly overpriced and faces cybersecurity threats
Snowflake delivered an impressive fiscal Q2 performance, surpassing analyst projections across key metrics. The cloud data platform reported revenue of $1.55 billion, representing a 35% year-over-year increase and exceeding the Street’s $1.48 billion estimate. Adjusted earnings per share reached 62 cents, substantially higher than the 45-cent consensus forecast.
Following the announcement Wednesday after market close, SNOW shares skyrocketed 22% during extended trading. By Thursday’s pre-market session, the stock had advanced 23.27% to reach $376 per share. If sustained, this would represent the fourth-largest single-session jump since the company’s 2020 initial public offering.
The company’s product revenue segment generated $1.49 billion in Q2, reflecting 37% growth from the prior-year period. Snowflake’s net loss contracted to $191.7 million, or 55 cents per diluted share, compared with a $297.9 million deficit in the year-ago quarter.
Looking ahead to Q3, Snowflake projected product revenue of $1.59 billion, topping the analyst consensus of $1.50 billion. Executives also boosted the full fiscal year product revenue outlook to $6.07 billion from the previous $5.84 billion target issued in May.
Additionally, the company elevated its adjusted operating margin projection to 14.5%, an improvement from the 13.5% guidance provided three months earlier.
CoCo AI Assistant Gains Traction
A significant highlight from the earnings call centered on CoCo, Snowflake’s artificial intelligence coding assistant. The platform now serves 9,100 accounts, representing growth of more than 2,000 accounts throughout the quarter. Company leadership emphasized CoCo as a critical catalyst for revenue expansion and deeper enterprise adoption.
CNBC’s Jim Cramer featured Snowflake on his Mad Money program, declaring the stock positioned for a substantial upward movement. He emphasized that Snowflake provides businesses with an efficient method to purchase on-demand computing resources. Cramer’s CNBC Investing Club maintains a position in Broadcom, though he expressed greater caution regarding that holding after its Q4 outlook fell marginally short of forecasts.
Burry Raises Valuation Concerns
Not all investors share the enthusiasm. Michael Burry, the hedge fund manager famous for predicting the 2008 financial crisis depicted in “The Big Short,” described Snowflake as “very overvalued” in a recent Substack commentary. He cautioned that the company confronts an “existential threat” should data lakes prove increasingly susceptible to cyberattacks as artificial general intelligence and quantum computing technologies advance.
Burry further suggested that if corporations choose to internalize AI development and maintain data on proprietary infrastructure, demand for third-party platforms like Snowflake might diminish.
Despite Burry’s skepticism, Wall Street analysts remain overwhelmingly bullish. SNOW holds a Strong Buy consensus rating based on 23 Buy recommendations and three Hold ratings. The average analyst price target stands at $368.68, suggesting approximately 20.6% upside potential from pre-earnings trading levels.
Prior to Wednesday’s market close, SNOW had already climbed 39% year-to-date, significantly outperforming the S&P 500’s roughly 12% gain over the same period.
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TLDR
Australia has set Sept. 30 as the deadline for affected crypto firms to meet ASIC’s licensing conditions.
ASIC’s temporary no-action relief ends after the deadline, exposing non-compliant firms to enforcement from Oct. 1.
Penalties could reach 10% of annual turnover for businesses operating without required financial services authorization.
More than 45 crypto-related license applications have reached ASIC since its guidance update in October 2025.
Australia’s broader Digital Assets Framework starts April 9, 2027, bringing crypto and tokenized custody platforms under licensing rules.
Australia has given crypto businesses until Sept. 30 to meet licensing conditions tied to regulatory relief. The Australian Securities and Investments Commission said firms that miss the deadline could face enforcement from Oct. 1. ASIC said affected companies must apply for an Australian Financial Services license, change an existing license, or join arrangements with licensed firms. Businesses operating without required authorization may breach financial services law and face civil or criminal penalties.
Australia Tightens Crypto Licensing Rules
ASIC’s no-action position gave crypto companies temporary protection while they prepared for licensing. The regulator extended that relief from June 30 to Sept. 30 and widened it to cover some authorized representatives and intermediary arrangements.
Companies that require an Australian Market Licence or a Clearing and Settlement facility licence must also contact ASIC by the deadline. They must notify the regulator and hold a pre-application meeting by Sept. 30 to remain within the relief conditions.
From Oct. 1, ASIC may act against businesses that need a licence but fail to meet the relief terms. The regulator said penalties can include fines reaching 10% of annual turnover, depending on the breach.
ASIC has received more than 45 applications for crypto-related authorizations since updating its INFO 225 guidance in October 2025. The guidance explains when digital assets and related services fall under Australia’s existing financial services laws.
New Digital Asset Framework Arrives in 2027
Australia is preparing for a wider legal framework for digital asset businesses. The Corporations Amendment (Digital Assets Framework) Act 2026 will take effect on April 9, 2027, and bring crypto and tokenized custody platforms under financial services licensing rules.
ASIC said many companies may still need current financial services authorizations after the new framework starts. The regulator plans to release more standards and guidance before the law takes effect, giving businesses future compliance details.
The Sept. 30 deadline creates a near-term compliance requirement for firms that relied on ASIC’s temporary position. Companies must now decide whether to seek their own license or operate through an approved licensed entity.
The move forms part of Australia’s broader effort to place crypto services within existing financial regulation before the 2027 framework begins. ASIC’s warning makes clear that temporary relief will not protect companies that fail to complete required steps by the deadline.
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Key Highlights
A 7-figure, one-year agreement with a European defense and intelligence agency has been secured by Planet Labs
Planet Mosaics and professional services for operational planning are included in the agreement
This follows multiple 2026 contracts including NGA, Swedish Armed Forces, and Defense Innovation Unit partnerships
Wall Street analysts maintain a consensus “Hold” rating with a $35.36 average price target
Recent quarterly revenue jumped 42% year-over-year to $94.15 million, exceeding analyst expectations
On Thursday, Planet Labs (NYSE: PL) revealed it has secured a substantial 7-figure, one-year agreement with a European defense and intelligence organization.
Under the terms of this agreement, the customer will receive access to Planet Mosaics along with dedicated professional services support designed to enhance operational planning for both land and maritime regions of strategic importance.
According to Jon Powers, VP of Global Defense and Intelligence at Planet, this contract underscores the increasing appetite for geospatial intelligence and specialized support services within these sectors.
Shares were trading approximately 2.60% lower during the trading session.
This recent win represents part of a larger trend. Throughout 2026, Planet has been securing a series of defense-related agreements, including prior announcements involving the National Geospatial-Intelligence Agency, Sweden’s Armed Forces, and the Defense Innovation Unit.
The company’s contract pipeline continues to expand at a notable pace.
Financial Performance Shows Strong Momentum
Financially, Planet delivered quarterly revenue of $94.15 million in its latest earnings release, representing a 42.1% increase compared to the same period last year and surpassing the Street’s consensus estimate of $90.39 million.
The satellite imaging provider posted a per-share loss of $0.03, which came in narrower than the anticipated loss of $0.04.
For the full fiscal year, the analyst community projects earnings per share of -$0.92.
Institutional investors control 41.71% of shares outstanding, with Vanguard representing one of the largest stakeholders, holding more than 19.3 million shares with an approximate value of $381.7 million.
Wall Street Maintains Cautious Outlook
Even with recent contract announcements and solid revenue expansion, analysts remain measured in their assessments. The consensus recommendation stands at “Hold” with a mean price objective of $35.36.
Price targets vary across the Street, from Deutsche Bank’s “Buy” rating with a $36 target down to New Street Research’s “Sell” rating accompanied by a $28 target. Goldman Sachs recently raised its price target from $22 to $25 while maintaining a “neutral” recommendation.
Regarding insider activity, company executives divested 171,122 shares valued at approximately $4.15 million during the most recent quarter. Robert H. Schingler offloaded 64,593 shares at $25.92 in July, while board member John W. Raymond sold 6,494 shares at $26.16.
The stock’s 52-week trading range spans from $6.26 to $51.76, and it currently maintains a 50-day moving average of $24.31 alongside a 200-day moving average of $30.17.
The post Planet Labs (PL) Stock Wins Major European Defense Deal Following NGA Partnership appeared first on Blockonomi.

TLDR
Campbell reported adjusted earnings of $0.39 per share, missing the $0.40 consensus estimate.
Quarterly revenue reached $2.14 billion, below expectations and down from $2.32 billion a year earlier.
Campbell stock has fallen about 14.7% in 2026, while the S&P 500 has gained roughly 12%.
The company has beaten consensus earnings estimates in only two of the past four quarters.
Analysts expect $0.60 EPS on $2.64 billion revenue for the coming quarter.
Campbell (CPB) stock drew fresh attention after the food company reported weaker-than-expected quarterly earnings and revenue for the period ended July 2026. The results added to pressure on shares, which have already trailed the broader market this year. Investors now face another quarter of softer profit figures while analysts review forecasts for the company’s new fiscal year. That gap could shape near-term trading as investors assess the company’s next earnings cycle.
Campbell Stock Slips After Earnings Miss
Campbell reported adjusted earnings of $0.39 per share, below the Zacks consensus estimate of $0.40. The result also fell well below the $0.62 per share reported in the same quarter a year earlier. The company recorded an earnings surprise of negative 2.50%.
The company posted quarterly revenue of $2.14 billion, missing estimates by 0.68%. Revenue also declined from $2.32 billion a year ago. Campbell has beaten consensus revenue estimates only once across the past four quarters. In the previous quarter, earnings reached $0.50 per share versus an expected $0.48.
Campbell stock has fallen about 14.7% since the start of 2026. Over the same period, the S&P 500 has gained about 12%, leaving the packaged food maker well behind the wider market.
The latest report may keep investors focused on management’s comments about demand, costs and the outlook for the next fiscal periods. Campbell has beaten consensus earnings estimates in two of the past four quarters, showing mixed recent performance.
Earnings Outlook Remains Under Pressure
Before the latest results, analyst estimate revisions for Campbell had moved in an unfavorable direction. Zacks currently assigns the stock a Rank #4, or Sell, which reflects weaker near-term earnings expectations based on its rating method.
Analysts currently expect Campbell to earn $0.60 per share on revenue of $2.64 billion in the coming quarter. For the current fiscal year, the consensus forecast stands at $1.97 per share on revenue of $9.82 billion.
Campbell also faces a difficult industry backdrop. Zacks places the Food – Miscellaneous group in the bottom 20% of more than 250 industries, adding another factor for investors tracking Campbell stock after the earnings release.
Lamb Weston, another company in the same industry, will report results for the quarter ended August 2026. Analysts expect earnings of $0.58 per share and revenue of $1.65 billion, giving investors another read on packaged and frozen food demand.
The post Campbell Stock Slides After Earnings and Revenue Miss appeared first on Blockonomi.

TLDR
MSFT stock slipped below $500 as investors reassessed Microsoft’s rising AI infrastructure costs and future returns.
Microsoft spent about $41 billion on capital expenditure in its fiscal fourth quarter, with much of it tied to AI hardware.
An Outlook outage added fresh pressure after thousands of users reported service disruptions beginning August 31.
Microsoft continues expanding data-center capacity through major cloud agreements and greater use of NVIDIA and AMD processors.
Competition from Alphabet, Amazon and Meta remains intense, increasing pressure on Microsoft to turn AI spending into stronger revenue and profits.
Microsoft (MSFT) stock moved below $500 as investors weighed rising infrastructure costs, service reliability concerns, and growing competition in artificial intelligence. MSFT stock remains supported by Azure, enterprise software, and AI demand, but the scale of spending has become a central issue for the market.
MSFT Stock Faces Pressure Below $500
Microsoft shares lost momentum after failing to hold above $500 following a recent rebound. The level has become a technical and psychological area as traders assess whether the company can support its valuation while funding a large expansion in cloud and AI capacity.
Microsoft spent about $41 billion on capital expenditure during its fiscal fourth quarter, including $5.6 billion through finance leases. Roughly two-thirds went toward processors, GPUs, and other AI-related equipment. Operating cash flow reached $55.4 billion, while free cash flow stood at $19.6 billion.
Outlook Outage Adds Scrutiny
Microsoft also faced a widespread Outlook outage that affected thousands of users. The disruption began on August 31, and Downdetector recorded more than 6,000 reports at the peak. Microsoft said an authentication component contributed to the service problem.
The outage does not change the company’s financial position, but it arrived while investors were already watching the scale and reliability of Microsoft’s technology network. Cloud and software services remain central to the company’s revenue base and long-term growth plans.
AI Spending Keeps Rising
Microsoft continues to expand data-center capacity and secure access to processors from NVIDIA and AMD. Its participation in a $9.7 billion cloud agreement with IREN shows how much capital the AI build-out requires.
The company also approved Horizon 1, the first quarter of IREN’s planned 200MW deployment. These projects could support Azure growth, but investors are watching whether customer demand and AI pricing can produce enough revenue to match the higher cost base.
Competition Tests Microsoft’s Returns
Morgan Stanley has raised concerns about hyperscaler credit quality and the gap between AI infrastructure spending and revenue. That issue matters for MSFT stock because advanced AI services require ongoing spending on processors, networking, power, and data centers.
Microsoft has also expanded its work with AMD to reduce reliance on NVIDIA and improve hardware flexibility. Even with more suppliers, the company still faces heavy capital needs. Alphabet, Amazon and Meta are spending aggressively as well, increasing pressure on Microsoft to show returns from Copilot, Azure and other AI products.
The post Microsoft (MSFT) Stock Breaks $500 as Spending Fears Grow appeared first on Blockonomi.

Key Takeaways
Jefferies launched coverage of Cameco (CCJ) with a Buy recommendation and set a $138 price objective (C$190 per share)
Shares of CCJ jumped 3.4% on Thursday in response to the positive analyst initiation
The investment firm simultaneously started coverage on BWX Technologies (BWXT) with a Buy rating and $181 target
Wellington Management disclosed a new position of 2.09 million CCJ shares during the second quarter, worth roughly $212.9 million
The company’s second-quarter results disappointed, with earnings of $0.13 per share falling short of the $0.26 analyst expectation
Shares of Cameco (CCJ) advanced 3.4% during Thursday’s session following a favorable initiation by Jefferies, which assigned a Buy recommendation alongside a $138 price objective, equivalent to C$190. Laurence Alexander, the analyst covering the stock, emphasized Cameco’s standing as a leading global supplier of uranium fuel as a primary rationale for the optimistic stance.
Alexander identified accelerating demand for nuclear energy as the fundamental catalyst propelling the industry forward. He highlighted that over 30 nations have committed to tripling their nuclear generation capacity by mid-century, while major technology companies are securing long-term power agreements to support artificial intelligence data centers.
“With operational excellence and a robust financial position, Cameco stands out as, in our assessment, an ideal beneficiary of Western nuclear expansion,” Alexander stated in his research note.
The investment firm’s valuation methodology employed a sum-of-the-parts framework. Jefferies assigned $63 per share to upstream operations, $11 per share to conversion facilities, $7 per share to undeveloped assets and corporate functions, and $51 per share to Cameco’s strategic Westinghouse collaboration with the federal government.
BWX Technologies (BWXT) similarly benefited from Jefferies’ coverage launch on Thursday, rising 1.2% after receiving a Buy designation with a $181 price objective. Alexander underscored BWXT’s unique position as the exclusive provider of naval nuclear reactor parts and fuel for America’s fleet.
The firm anticipates BWX Technologies will achieve annual sales growth of 6% to 7% and earnings per share expansion of 13% to 17% extending through the decade’s end.
Major Funds Increase Positions
Wellington Management Group established a fresh stake in Cameco throughout the second quarter, accumulating 2.09 million shares with an approximate value of $212.9 million. This transaction provides Wellington with roughly a 0.48% ownership interest.
Additional institutional players have similarly expanded their allocations. Temasek Holdings initiated a new holding during the first quarter worth $70.9 million. Sumitomo Mitsui Trust Group expanded its investment by 35.2%, while Janus Henderson Group more than doubled its stake with a 102.3% increase. Institutional ownership in Cameco currently represents 70.21% of outstanding shares.
Recent Financial Results Disappoint
Contrary to the favorable analyst sentiment, Cameco’s latest quarterly performance fell short of expectations. The uranium producer delivered second-quarter earnings of $0.13 per share, significantly trailing the consensus forecast of $0.26. Total revenue reached $573.1 million, representing a 6.8% year-over-year decline and narrowly missing the $579.6 million projection.
This marks a substantial decrease from the $0.71 per share reported in the corresponding period one year earlier.
Wall Street analysts collectively forecast Cameco will generate $1.27 in earnings per share for the complete fiscal year.
The overall analyst community maintains a positive outlook on the shares. Thirteen research firms have assigned Buy recommendations to CCJ, while five rate it as Hold, producing a “Moderate Buy” consensus rating. The mean price target among analysts stands at $145.68.
Truist Financial elevated its price objective to $130 this past August while maintaining its Buy stance. Bank of America made a minor adjustment, reducing its target from $143 to $140 while preserving a Buy rating. Scotiabank continues with an Outperform designation and a $175 target.
CCJ trades within a 52-week band of $73.20 to $135.24, with shares positioned around $98.75 ahead of Thursday’s upward movement.
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TLDR
Nvidia buys Hugging Face for $12.93B to deepen its reach across AI development.
Hugging Face will remain open, multi-cloud, and independent of Nvidia hardware.
The deal gives Nvidia access to more than 18 million developers and researchers.
Hugging Face hosts over 3 million models, 500,000 datasets, and 1 million apps.
Nvidia stock gained 1.38% to $227.51 as markets assessed the strategic deal.
Nvidia (NVDA) agreed to acquire Hugging Face for $12.93 billion, expanding its position across artificial intelligence development and computing infrastructure. The deal connects Nvidia’s hardware capabilities with one of the world’s largest open-source artificial intelligence development platforms. Meanwhile, Nvidia stock rose 1.38% to $227.51 after recovering from earlier weakness during the trading session.
NVIDIA Corporation, NVDA
Nvidia Adds Hugging Face’s Large Developer Network
Hugging Face provides tools that developers use to build, test, share, and deploy artificial intelligence models. The platform currently serves more than 18 million developers, researchers, creators, and other technology professionals worldwide. It also supports artificial intelligence deployment across more than 200,000 organizations operating in several industries.
The platform hosts more than three million artificial intelligence models and approximately 500,000 open datasets. It also provides access to about one million applications created through its growing development ecosystem. Nvidia gains direct exposure to a large community that already builds and distributes artificial intelligence products.
Nvidia has expanded beyond graphics processors as demand for artificial intelligence infrastructure has accelerated globally. The company now supplies computing systems, networking technology, software, and development tools for artificial intelligence workloads. Acquiring Hugging Face adds another major platform connecting developers with models, datasets, applications, and deployment services.
Hugging Face Will Maintain Platform Independence
Nvidia plans to keep Hugging Face operating under its existing brand after completing the acquisition. The company also intends to preserve the platform’s open structure and support for several computing environments. As a result, developers can continue choosing different frameworks, cloud providers, inference engines, and hardware systems.
Hugging Face users will not need Nvidia hardware when building or deploying applications through the platform. Instead, the service will continue supporting multiple infrastructure providers across its existing ecosystem. That structure maintains Hugging Face’s role as a broad development hub rather than an Nvidia-only distribution platform.
The agreement also keeps Hugging Face’s existing leadership team in place following the transaction. Co-founders Clem Delangue, Julien Chaumond, and Thomas Wolf will continue leading the company’s operations and development strategy. Their continued leadership provides operational continuity while Nvidia expands the platform’s global scale and technical resources.
Nvidia Deepens Existing Open-Model Partnership
Nvidia already maintains a significant presence across Hugging Face’s model and dataset ecosystem. The chipmaker has published more than 500 open-weight models through the platform during their existing partnership. Nvidia has also contributed more than 250 datasets that developers can use for artificial intelligence development.
That relationship gave both companies an established foundation before Nvidia agreed to purchase the platform. Nvidia can now combine Hugging Face’s developer reach with its own engineering capabilities and computing infrastructure. The combination expands Nvidia’s influence across both artificial intelligence hardware and the software development process.
The acquisition follows Nvidia’s broader push to capture more parts of the artificial intelligence technology stack. Its processors already power many systems used for training and running large artificial intelligence models. Hugging Face now adds a major development ecosystem connecting those models with millions of users and organizations.

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Key Takeaways
ChargePoint shares rallied 18.3% to $6.14 in premarket hours following a fiscal Q2 earnings beat.
Quarterly revenue reached $116 million, representing an 18% year-over-year increase and surpassing the $105 million consensus forecast.
The company posted an adjusted loss per share of $1.35, significantly better than the anticipated loss of $1.60.
Non-GAAP gross margin expanded to 38%, reflecting a 600-basis-point improvement from the previous quarter.
Management issued Q3 revenue guidance ranging from $105 million to $115 million.
Shares of ChargePoint climbed to $6.14 during Thursday’s premarket session on September 3, marking an 18.3% gain from Wednesday’s closing price of $5.19. The rally followed the electric vehicle charging company’s fiscal Q2 2027 results that exceeded Wall Street projections on both revenue and earnings metrics.
For the quarter that concluded on July 31, 2026, the company generated $116 million in revenue. This figure surpassed analyst expectations of approximately $105 million and represented an 18% growth rate compared to the year-ago quarter.
Regarding profitability metrics, ChargePoint delivered an adjusted loss per share of $1.35. Wall Street had projected a loss of $1.60 per share, meaning the company outperformed estimates by $0.25.
CHARGEPOINT $CHPT Q2’27 EARNINGS HIGHLIGHTS
Revenue: $116.1M (Est. $105M) ; +18% YoY
Non-GAAP Adj. EBITDA: -$4.8M (Est. -$16.4M) ; -78% YoY
Non-GAAP Gross Margin: 38%; +500 bps YoY
Q3 Guide:
Revenue: $105M-$115M (Est. $109M)
Segment Net Revenue:
Networked…
— Wall St Engine (@wallstengine) September 2, 2026
While this quarter demonstrated solid execution, CHPT shares remain under pressure over longer timeframes, declining approximately 28% during the past three months and more than 51% year-over-year. Even with Thursday’s premarket surge to $6.14, the stock trades substantially below its 52-week peak of $12.61.
Margin Expansion Continues
ChargePoint achieved a non-GAAP gross margin of 38% during the quarter. This represents a 600-basis-point sequential improvement from Q1 and a 500-basis-point expansion versus the prior-year period.
One important caveat: the 38% figure incorporates a one-time tariff refund totaling $4.2 million. Excluding this benefit, the adjusted gross margin would be approximately 35%.
The company also recorded an adjusted EBITDA loss of $5 million during the quarter.
The steady improvement in gross margin represents one of the most encouraging aspects of the report. The progression from the low-30% range toward the upper-30s in recent quarters demonstrates operational momentum, though the company remains unprofitable overall.
Leading up to this earnings release, ChargePoint received three upward EPS estimate revisions and no downward adjustments over the preceding 90 days. This positive revision trend created relatively constructive expectations heading into the announcement.
Forward Outlook
For the current quarter, management projected revenue between $105 million and $115 million. While this range sits modestly below Q2’s $116 million result, it aligns closely with prevailing analyst forecasts.
The guidance implies continued expansion, though the sequential decline warrants monitoring in upcoming quarters.
According to InvestingPro, ChargePoint’s financial health assessment indicates “weak performance,” a reflection of persistent losses and the company’s cash consumption rate.
Industry competitors including Blink Charging and EVgo provide relevant comparison points as they compete in the EV charging infrastructure market.
Broader equity markets exhibited minimal movement Thursday morning, with the S&P 500 trading flat and the Nasdaq slightly negative, indicating CHPT’s premarket rally was driven primarily by company-specific factors.
Despite Thursday’s positive momentum, the stock’s 52-week high of $12.61 remains substantially above current trading levels.
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TLDR
Micron stock remains supported by record revenue and strong AI-driven memory demand.
MU shares are about 23% below their record high after a broader semiconductor sector pullback.
Micron reported quarterly revenue of $41.4 billion, sharply higher than the previous year.
Management expects memory supply to remain tight before production capacity improves around 2028.
New capacity from Micron, Samsung, and SK Hynix could pressure memory prices once supply expands.
Micron (MU) stock has pulled back from its record high, but current business data does not point to a collapse. The shares are down about 23% from their peak after a broader chip-sector decline. Higher bond yields and concerns about labor action in Taiwan added pressure, while Norges Bank reduced part of its holding.
The decline came after Micron reported record quarterly revenue. That timing suggests the recent weakness reflects market conditions more than a sudden drop in demand. Investors are now watching how long tight memory supply can support pricing and margins. Current forecasts still point to strong demand from AI systems, data centers, and other advanced computing markets.
Record Revenue Supports Near-Term Forecast
Micron reported $41.4 billion in revenue for the quarter ended in May, compared with $9.3 billion a year earlier. The company also guided to $50 billion in revenue for the quarter that ended in August. Gross margin reached 85% during the same period.
Chief Executive Sanjay Mehrotra said Micron expects industry supply to improve gradually in 2028. He also said the company cannot yet see when memory supply will fully catch up with rising demand. That view supports a strong supply environment through 2027. It also keeps pricing conditions favorable while customers compete for limited memory capacity.
2028 Supply Remains the Main Risk
The Micron stock forecast becomes less certain as the market approaches 2028. Micron, SK Hynix, and Samsung are expected to add new production capacity around that period. If supply grows faster than demand, memory prices could weaken.
Nvidia has also warned that supply could remain tight through fiscal 2028. Its guidance supports Micron’s view that AI demand may continue to strain available capacity. However, more factories entering production could reduce the shortage that currently supports high margins.
Valuation Still Depends on the Cycle
Micron closed at $956.08, up 2.43% from the prior close of $933.44, giving the company a market value near $1.08 trillion. Wall Street’s one-year Micron stock price target stands near $1,513.11, showing analysts still expect further gains.
Memory markets have a history of sharp cycles. Micron recorded a negative 11% gross margin in fiscal 2023, which shows how quickly conditions can change. For now, Micron stock remains supported by record revenue, tight supply, and strong AI demand before supply conditions begin to normalize materially. The larger test may come when new capacity arrives in 2028.
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TLDR
AbbVie finalized the Apogee Therapeutics purchase at $135.11 per share, representing a total transaction value of roughly $10.9 billion
Zumilokibart, Apogee’s flagship candidate, is an IL-13 inhibitor that delivered skin clearance in approximately two-thirds of atopic dermatitis patients during Phase 2 testing
Additional assets include APG273, a dual-mechanism treatment combining IL-13 and TSLP blockade for asthma management
The transaction is projected to reduce adjusted EPS by $0.14 this year and $0.46 next year, with positive contribution not anticipated before 2032
The company maintained its 2026 adjusted diluted EPS forecast in the $13.87 to $14.07 range
On September 3, 2026, AbbVie (ABBV) finalized its acquisition of Apogee Therapeutics, delivering $135.11 in cash per share. The all-cash transaction valued the biotech company at approximately $10.9 billion in total equity. Apogee’s shares ceased public trading following the deal’s completion.
This acquisition brings a collection of immunology-focused assets into AbbVie’s therapeutic arsenal. The acquired programs concentrate on immune-mediated and inflammatory conditions such as atopic dermatitis, asthma, and chronic obstructive pulmonary disease.
Zumilokibart stands out as Apogee’s most advanced candidate. This monoclonal antibody selectively inhibits IL-13, a key cytokine responsible for driving type 2 inflammatory responses. The molecule features an extended half-life engineered to enable reduced dosing frequency compared to existing therapeutic options.
Clinical data from Phase 2 trials demonstrated that roughly two-thirds of patients with atopic dermatitis achieved clear skin by week 16 while receiving zumilokibart. Trial participants also experienced notable improvements in pruritus relief and overall symptom management.
Extended follow-up findings from the same study validate maintenance regimens administered either every three months or just twice annually. Such infrequent administration schedules may offer significant practical advantages for both patients and healthcare providers.
Examining the Acquired Pipeline Assets
In addition to zumilokibart, the transaction includes APG273, an innovative combination therapy that links zumilokibart with APG333. APG333 functions as a TSLP antagonist, neutralizing a critical upstream inflammatory mediator in pulmonary tissue.
Early-stage Phase 1 results demonstrated that APG333 achieved sustained suppression of inflammatory biomarkers lasting up to six months following a single administration. Encouraging preliminary findings from a Phase 1b asthma trial evaluating zumilokibart provide additional validation for the dual-target strategy.
The combined APG273 regimen has the potential to deliver asthma control with dosing just four times yearly or even semi-annually. This positions the therapy as a competitive alternative to current biologics in an expanding therapeutic market.
AbbVie CEO Robert Michael emphasized that integrating Apogee’s innovative science with AbbVie’s established commercialization infrastructure should accelerate clinical development timelines and broaden patient access.
Financial Impact on AbbVie’s Bottom Line
The acquisition carries near-term financial headwinds. AbbVie projects the transaction will decrease adjusted diluted EPS by $0.14 in 2026 and approximately $0.46 in 2027.
The deal won’t become accretive to earnings until 2032, representing an extended investment horizon. Despite these projections, AbbVie left its existing financial outlook unchanged following the transaction’s close.
Management reiterated the full-year 2026 adjusted diluted EPS forecast range of $13.87 to $14.07. The third-quarter 2026 adjusted diluted EPS outlook also remained steady at $3.84 to $3.88.
The current 2026 forecast incorporates $0.58 per share in negative IPR&D and milestone charges recognized during the first half of the year. Additional IPR&D or milestone-related expenses arising after the second quarter are excluded from official guidance due to forecasting uncertainty.
AbbVie highlighted that its immunology portfolio currently serves over 1 million patients globally, with regulatory approvals spanning 19 distinct immune-mediated conditions across more than 175 markets worldwide.
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