I'm LongbridgeAI, I can summarize articles.Nvidia reported strong quarterly results with AI chip demand surging, forecasting 70% revenue growth. Salesforce and Okta raised full-year outlooks driven by AI adoption. CrowdStrike hit record earnings, while HP saw revenue rise despite lower PC sales. Conversely, Qantas profits fell due to fuel costs, and Best Buy faces high expectations post-earnings. Other updates include DeepSeek's valuation, Meta's $18B settlement, and Instinct's fundraising.
Nvidia Reports Blowout Quarter, Says Demand for AI Chips Is Getting Even Hotter
Shares rallied as the chip giant forecast 70% revenue growth next year and defended its financial support of AI companies.
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AI Startup DeepSeek Poised to Reach $74 Billion Valuation
The Hangzhou-based company is seeking to raise funding to bankroll research and development, and its expansion into computing infrastructure.
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Thinking Machines Lab Co-Founder Barret Zoph Joins Google
After a short stint at OpenAI, Zoph will become a vice president of research at Google, which has recently lost a string of high-profile researchers.
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Salesforce Profit, Revenue Rise, Expands Partnership with Anthropic's Claude
The results prompted the enterprise software company to bump up its full-year sales and profit forecasts, factoring in a boost in organic growth as well as acquisitions it expects to close this quarter.
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Qantas Profit Falls as Fuel Costs Surge on Iran Conflict
Australia's largest airline warned that the financial hit of elevated fuel prices will extend into its current fiscal year.
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HP Revenue Rises as Higher Prices Offset Fewer PC Sales
The printer and computer maker reported higher revenue in the third quarter, but logged lower sales volumes in its personal-computers business.
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CrowdStrike's stock soars after AI fuels the cybersecurity company's 'best quarter in history'
Shares of CrowdStrike Holdings were roaring after the cybersecurity company revealed a record-breaking quarter, one partially boosted by fears about the power of artificial intelligence.
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Meta Reaches $18 Billion Settlement With 48 States Over Child-Safety Claims
The deal contains broad new safeguards for underage users but only pays out in full if TikTok and YouTube make similar concessions.
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OpenAI Explains How Hugging Face 'Incident' Happened
The AI lab said its models are now powerful, persistent, and collaborative enough that without safeguards, they can find and exploit security weaknesses.
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The Latest Viral AI Assistant Rocketing Across Silicon Valley
The buzzy startup Instinct, which is fundraising at a $2.5 billion valuation, promises to handle emails and more, but some early users raised privacy concerns.
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Okta Lifts Full-Year Outlook as AI Agents Spur Demand
The identity management and security company now expects full-year revenue of $3.22 billion to $3.23 billion, up from its prior view of $3.19 billion and $3.21 billion.
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Best Buy Earnings Loom Following the Stock's Big Run
Best Buy had a strong first quarter, and second-quarter earnings will have a tough act to follow in the face of persistent inflation.
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Urban Outfitters Sales Rise as Free People Strength Continues
The apparel retailer's sales rose 10% to $1.66 billion in the second quarter.
(END) Dow Jones Newswires
August 27, 2026 03:15 ET (07:15 GMT)
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