Enrique Abeyta:

Nvidia Raised the Bar Again. Wall Street Barely Blinked

Yesterday chipmaker Nvidia reported fiscal second-quarter 2026 revenue of $46.7 billion and non-GAAP earnings per share of $1.05, topping Wall Street’s consensus forecasts of about $46 billion and $1.01. 

For a company that has already rewritten expectations several times over, the bar was high — and still, it managed to raise it. The results underline just how firmly Nvidia sits at the center of the AI gold rush.

The top line revenue numbers were up 56% from a year earlier and 6% from the prior quarter, powered almost entirely by its data-center business and underscoring the still-insatiable demand for Nvidia’s AI accelerators. 

That division — the beating heart of the AI boom — booked $41.1 billion in sales, also up 56% year-over-year (and 5% sequentially). Within that, the company’s new Blackwell chips ramped up even faster than expected, notching a 17% sequential increase.

The reaction from the market was muted. The story remains familiar: Nvidia delivers another blowout quarter, and the market keeps rewarding it. But with a sky-high valuation riding on quarterly beats — and policy risks related to China that can rewrite its order book overnight — the stakes for Huang’s empire have never been higher.

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Davis Wilson:

Crypto Crown Jewel? Trump Sons' American Bitcoin Prepares Nasdaq Launch in September

American Bitcoin, a U.S.-based bitcoin mining firm, is preparing to debut on the Nasdaq through an all-stock merger with Gryphon Digital Mining. The company, which counts President Donald Trump’s sons Eric Trump and Donald Trump Jr among its key backers, is expected to begin trading in early September.

Asher Genoot, CEO of Hut 8 — the Canadian firm that holds an 80% stake in American Bitcoin — said the merger is nearing completion and that anchor investors for the combined entity have already been secured. Once finalised, the company will continue under the name American Bitcoin and will trade with the ticker symbol ABTC.

Following the merger, Hut 8 along with Eric and Donald Trump Jr. will collectively own about 98% of the newly formed entity. Genoot explained that opting for a merger, rather than a traditional IPO, provided a more flexible route to capital access through an existing listed company.

Eric Trump is currently in Hong Kong and is expected to attend a bitcoin-related event in Tokyo this weekend hosted by Japanese treasury firm Metaplanet. American Bitcoin is exploring acquisitions of digital assets in Hong Kong and Japan as part of its global expansion strategy.

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James Altucher:

Ethereum Is the ‘Wall Street Token,’ Says VanEck CEO

Ethereum is becoming Wall Street’s blockchain of choice. That’s according to Jan van Eck, the CEO of $132 billion asset fund manager, VanEck.

Ether is “very much what I call the Wall Street token,” he told Fox Business on August 28. When Wall Street CTOs ask themselves what blockchain to build on, he added, “it’s going to be Ethereum.”

Van Eck isn’t alone. Wall Street strategist and BitMine chairman Tom Lee is also betting on the second largest cryptocurrency, saying, "Ethereum is the biggest macro trade of the decade."

The comments come as optimism about Ethereum has surged. The second-biggest cryptocurrency trailed most of its rivals over the start of the year, which fuelled scepticism about the asset’s prospects. While Bitcoin and XRP broke new records, Ethereum seemed unable to push past the all-time high set in 2021.

But a combination of Wall Street’s embrace of decentralised finance and the prospect of the Federal Reserve cutting interest rates has raised traders’ confidence and drove Ethereum to break a new record last week.

And analysts are bullish that the rally is not over.

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