BUSINESS

Nvidia shares fell 3.3% after a strong earnings report, as investors locked in gains. Despite record revenue and earnings, supply constraints and market expectations continue to challenge the company.

Apple shares increased by 2% as investors anticipate the upcoming iPhone event on September 9, amidst strong demand for iPhones and Macs, despite supply constraints and premium valuations.

Amazon shares rose nearly 4% after Evercore ISI increased its price target, citing AI tools boosting retail sales. The company's cloud division also showed strong growth, supporting the stock's performance.

Apple may delay iPhone 18 Pro pre-orders to September 12, avoiding the September 11 anniversary. The shift reflects Apple's sensitivity to the date, with potential changes to pre-order timing.

Gap Inc. shares rose over 13% following a Q2 earnings beat and the announcement of new leadership at Old Navy. Despite revenue decline, profitability exceeded expectations, boosting investor confidence.

Apple's September event will introduce new iPhones and mark the debut of John Ternus as CEO, succeeding Tim Cook. The event will also feature updates to Apple's desktop lineup.

U.S. stocks showed mixed performance as investors awaited Fed Chair Kevin Warsh's speech at the Jackson Hole Symposium, seeking insights on inflation and interest rates amid a volatile market backdrop.

The USDA has recalled nearly 30,000 pounds of Argentine beef due to a missed federal reinspection, posing potential health risks. Consumers are advised to discard or return the affected products.

Hugging Face introduces Microduck, a $399 open-source robot designed for reinforcement learning and physical AI experimentation, aiming to make robotics research accessible to developers, students, and hobbyists.

SK Hynix shares rose following Nvidia's earnings report, which highlighted AI memory chip demand and supply constraints, benefiting SK Hynix and other memory manufacturers in the market.

IBM shares rose 3.9% following the acquisition of HRL Laboratories and plans for a new mainframe processor, signalling progress in quantum computing and enterprise technology.

Nvidia's record quarterly revenue and optimistic sales forecast have eased investor concerns, driving a tech stock rally. The company's AI-driven growth and hyperscaler spending continue to bolster its market position.

Plaud introduces AI-powered earbuds that record, transcribe, and summarize conversations independently of smartphones, featuring global connectivity and integration with popular apps, marking a significant step in AI wearable technology.

Samsung introduces the Galaxy S26 FE, a cost-effective alternative to its flagship series, featuring a new processor, enhanced cameras, and long-term software support, appealing to budget-conscious consumers.

Apple's September 9 event will introduce the iPhone 18 Pro, Pro Max, and its first foldable iPhone, marking a significant moment amid a leadership transition.

CrowdStrike's shares surged 17.69% after reporting a record-breaking quarter with strong earnings and raised guidance, driven by AI-related cybersecurity demand and growth in its Falcon Flex platform.

Salesforce shares surged 19% following a strong earnings report, driven by significant growth in its AI platform, Agentforce. The company raised its full-year revenue guidance, signalling continued momentum.