NVIDIA Corporation (NVDA.US) formally agreed to acquire open-source AI platform Hugging Face for USD12.9 billion, highlighting the chipmaker's further expansion from hardware operations into the upper layer of the AI stack.

The market had already expected the transaction, according to a report by The Information last week. NVIDIA CEO Jensen Huang said in a blog post on Thursday that Hugging Face will continue to serve as an open platform for the entire AI ecosystem. The companies will jointly expand Hugging Face's platform, strengthen its infrastructure, and broaden the use of AI among developers and institutions globally.

The acquisition marks NVIDIA's second-largest acquisition deal in history, second only to its USD20 billion acquisition of chipmaker Groq assets in December last year.
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US President Donald Trump said Iran is attempting to rebuild radar systems, missile systems and mine-laying equipment. He said the US military's strike on Iran a day earlier was very intense, and the US stands ready to launch further attacks on Iran at any time, while the US is controlling the Strait of Hormuz. He also said strikes on Iran would not last too long. Futures for the three major US stock indices advanced, with DJIA futures mounting 119 pts or 0.2%, and S&P 500 futures and Nasdaq futures gaining 0.08% and 0.02%, respectively.

Broadcom Inc. (AVGO.US) dived 3.2% pre-market after forecasting current-quarter revenue of USD34.8 billion, below market expectations of USD35.05 billion. Hewlett Packard Enterprise Company (HPE.US) slid 3.3% pre-market. Its second-quarter revenue and adjusted EPS beat, while it projected third-quarter revenue of USD14.35 billion, topping market expectations by 10%. Management also raised the midpoint of its full-year adjusted EPS forecast to USD3.8, a hike of 11.8%. Cloud data warehouse provider Snowflake Inc. (SNOW.US) leaped 23.6% pre-market after its quarterly adjusted EPS beat and it raised FY2027 product revenue guidance to USD60.7 billion from the previous USD58.4 billion.

Major European bourses lacked clear direction in early trading on Thursday (3rd). The pan-European STOXX 600 last stood at 646.77, up 0.1%. The UK's FTSE 100 rose 0.1% to 10,766. France's CAC lost 0.2% to 8,264. Germany's DAX edged up less than 0.1% to 25,853. Italy's FTSE MIB added 0.2% to 51,894. Spain's IBEX 35 lifted 0.5% to 19,881.
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TENCENT (00700.HK)'s WorkBuddy officially opened to international markets at the end of May this year. Liu Jiamin, product specialist for the international version of WorkBuddy, said the product has already been launched in Hong Kong, Macau, the US, Singapore, Thailand and the Philippines, and will roll out to global markets this month.

In just over three months since launch, the international version has already connected most office scenarios requiring efficiency enhancement, she noted. Hong Kong users in particular have incredibly high expectations for AI product efficiency, while improving workplace productivity is WorkBuddy's core strength.

Following the launch of Hunyuan Hy4 preview, the product's capabilities have been upgraded again. She said the platform has already integrated with Notion and GitHub, and will connect with IM communication tools including Slack, Telegram and Discord within the next two weeks. In the future, it plans to support integration with office software such as Google Workspace and Microsoft Corporation (MSFT.US).

She added that the international version of WorkBuddy integrates mainstream AI large models including Tencent HY, KNOWLEDGE ATLAS (02513.HK)'s GLM, GPT and Gemini, and will provide customized ecosystems based on overseas user needs and application scenarios.
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Based on weekly NEV order data, China's NEV market deteriorated in week 35, with total orders ebbing 6% WoW to 124,000 units, Daiwa noted. Orders for August MTD reached 514,000 units, down 33% MoM, indicating relatively weak overall demand toward month-end.

At the brand level, ZEEKR under GEELY AUTO (00175.HK) logged the strongest WoW growth, rising 14%. XPENG-W (09868.HK) and LI AUTO-W (02015.HK) also lifted 10% and 6%, respectively, outperforming the broader market. In contrast, Harmony Intelligent Mobility Alliance (HIMA) plunged 34% WoW, while XIAOMI-W (01810.HK) and Geely Galaxy sank 18% and 9% WoW, respectively, reflecting weaker order momentum. Orders for BYD COMPANY (01211.HK) edged down 3% WoW.

Looking ahead, the broker projected order momentum to remain broadly stable, supported by launches of new vehicle models and improving performance at certain brands. However, intense industry competition and uneven demand across automakers may keep overall market growth moderate.
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NVIDIA Corporation (NVDA.US) CEO Jensen Huang called on G20 nations to accelerate the adoption of AI and expand data centers and other infrastructure to promote economic growth.

He said every country needs to build infrastructure in order to support its own economy, describing AI as a "great equalizer". For a country, the "worst outcome" would be to "fall behind".

If public and policymaker fears about AI are allowed to dominate discussions surrounding the technology, countries could lag behind in AI development, he said.

He also suggested that governments should adopt strict regulatory measures for AI, while stating that responsibility for ensuring product safety should rest with companies rather than government officials.

As the technology remains at an early stage of development, regulation should target actual existing harms instead of theoretical hypothetical risks, and every company must take responsibility for developing the technology safely.
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Berkshire Hathaway CEO Greg Abel said in an interview with CNBC on Wednesday that the conglomerate's large-scale investment in Google parent Alphabet Inc. (GOOGL.US) reflects its view that the tech giant is a "key participant" in the AI sector.

Abel said Berkshire Hathaway has a clear understanding of the impact of AI across its portfolio companies, while Google holds a strong position in the emerging technology field.

He added that the group can clearly observe AI applications and the benefits they generate through its portfolio companies, which has further increased its interest in the sector.

According to filings submitted by Berkshire Hathaway to the U.S. Securities and Exchange Commission, the company increased its holdings of Alphabet shares by USD17 billion in 2Q26, making it the third-largest holding in Berkshire Hathaway's equity investment portfolio.
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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

Shares of NVIDIA Corporation (NVDA.US) were boosted after Dell Technologies Inc. (DELL.US) reported earnings on Wednesday (2nd). Analysts said the server maker's comments helped validate NVIDIA's view of a strong and continuously expanding AI market.

D.A. Davidson analyst Gil Luria told MarketWatch that Dell's earnings further demonstrated that momentum in the enterprise AI computing market is no longer limited to existing hyperscale cloud service providers.

The server manufacturer reported strong quarterly results, with revenue from its AI server business doubling YoY.

Analysts believe that while hyperscale cloud service providers continue to show strong demand for computing power, Dell's results indicate that data center construction is also supporting growth in enterprise hardware demand, which is positive for NVIDIA.

NVIDIA shares spiked 3.2% on Wednesday.

Rebecca Wettemann, CEO of technology research firm Valoir, said broader market factors may also have supported NVIDIA's share price. As investors reacted to oil price movements and declines in US Treasury yields, the broader market rebounded on Wednesday, which may have benefited NVIDIA. However, she said in emailed comments that markets are likely to remain volatile amid geopolitical and economic uncertainty.

Wettemann said NVIDIA's fundamentals remain strong, with its recent earnings and guidance convincing investors that demand remains robust and that the company maintains a highly significant moat in its chip business.
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NVIDIA Corporation (NVDA.US) is in advanced talks to acquire AI startup Hugging Face, with the total transaction value potentially reaching about USD14 billion, Bloomberg, citing sources, reported.

NVIDIA could reportedly forge an agreement to acquire Hugging Face for USD12.9 billion as early as this week. The deal may also include a USD1 billion employee retention package for Hugging Face staff.

NVIDIA is already one of the investors in Hugging Face. Other backers include Google, Amazon.com, Inc. (AMZN.US), Intel Corporation (INTC.US) and Salesforce, Inc. (CRM.US).
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After the acquisition by Meta Platforms, Inc. (META.US) was called off, Manus issued an announcement on its official website yesterday, declaring that it has officially resumed independent operations with immediate effect.

The founding team will continue to lead the company and remain firmly committed to product innovation while advancing the development of general AI agents for users worldwide.

Going forward, the company will continue expanding the capability boundaries of general AI agents, transforming new capabilities into products to help users tackle complex tasks and achieve more in daily life and work.

Earlier market reports indicated that TENCENT (00700.HK), together with HongShan and ZhenFund, planned to repurchase Manus shares from Meta. The total consideration was expected to be broadly similar to the amount paid by Meta, at about USD2 billion.

In addition, according to Caixin, TENCENT acquired the Manus stake held by U.S. venture capital firm Benchmark, replacing it as Manus' largest shareholder.
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Dell Technologies Inc. (DELL.US) posted a 58% YoY increase in 2Q revenue to a record USD47 billion, beating market expectations of USD44.92 billion. Adjusted non-GAAP EPS was USD7.04, above expectations of USD4.91.

Dell raised its full-year revenue forecast from USD167 billion to USD192 billion, and lifted its adjusted EPS forecast from USD17.9 to USD25.5, reflecting surging demand for AI servers.

Dell shares surged 8.01% in after-hours trading to USD459.03.
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