- Generation Income Properties completed property sales to reduce preferred equity balances, while Micron Technology saw rating upgrades and strong AI driven memory demand.
- VolitionRx advanced diagnostic platform integration and reported significant revenue growth alongside ongoing global licensing discussions.
- Mercer International received financial support from the Canadian government, and Reitar Logtech formed a strategic joint venture for logistics solutions.
- Semiconductor stocks including AMD, Micron, SanDisk, and Broadcom rose in pre-market trading following Nvidia's strong fiscal Q2 earnings report.
- Nvidia reported 96.2 billion USD in revenue, representing a 106% year-over-year increase, alongside a robust forecast driven by continuous AI infrastructure demand.
- This growth positively impacts the broader chip sector, signaling sustained tech spending on AI computing, memory supply, and storage capacity.
- Nvidia shares rose 7.41% in Thursday pre-market trading after reporting a second-quarter revenue increase of 106% year-over-year to $96.22 billion and projecting 70% revenue growth for fiscal 2028.
- The company's stock gains also lifted other semiconductor firms, with Micron Technology, Intel, Advanced Micro Devices, and Broadcom climbing between 1.73% and 4.44%.
- Nvidia reportedly agreed to acquire Hugging Face for $12.9 billion to expand its control over open-source AI models amid strong infrastructure demand.
- Micron Technology rose 3.38% in overnight trading as CEO Sanjay Mehrotra sold 38.7562 million USD in stock, alongside strong memory demand driven by AI and an UBS buy rating with a 1,625 USD target price.
- NVIDIA climbed 5.83% after reporting a fiscal Q2 2027 revenue of 96.2 billion USD, surpassing the estimated 92.012 billion USD, while customer orders surged to 279.0 billion USD and Amazon committed to deploying 2 million additional GPUs.
- Intel increased by 1.48% following Nancy Pelosi's disclosed purchase of stock and call options, easing Middle East tensions, and the release of a new AI-focused product portfolio.
- Micron scheduled its fiscal fourth-quarter earnings conference call for Sep. 30, 2026 at 2:30 p.m. Mountain time.
- A live webcast of the conference call will be made available to the public.
- The announcement was published via GlobeNewswire on August 26, 2026.