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On August 27th, Salesforce (CRM.N) shares surged 12% in after-hours trading on Wednesday after the cloud software company reported better-than-expected results and guidance. The company reported second-quarter revenue of $11.35 billion, slightly exceeding market expectations. Net income reached $3.53 billion, an 87% increase year-over-year. The company stated that it realized a $2.6 billion strategic gain through its investment in artificial intelligence startup Anthropic. For the third fiscal quarter, Salesforce expects adjusted earnings per share to be between $3.42 and $3.44, with revenue between $11.42 billion and $11.5 billion. Analysts had previously expected adjusted earnings per share of $3.38 and revenue of $11.41 billion for the third quarter. Currently, Salesforce projects full-year earnings per share of $16.67 to $16.71 and revenue of $46.1 billion to $46.4 billion, implying an 11% increase at the midpoint of the range.
Nvidia (NVDA.O): As of July 26, total future commitments, calculated on a fiscal year basis, increased to $279 billion, primarily related to memory chip procurement.
Nvidia (NVDA.O) reported a 13% sequential increase in revenue from its hyperscale cloud services business in the second fiscal quarter, and more than double the revenue from the same period last year.
Nvidia (NVDA.O) will pay a quarterly cash dividend of $0.25 per share.
Nvidia (NVDA.O) reported a gross margin of 75% for Q2 of fiscal year 2027.
After the earnings report was released, Nvidia (NVDA.O) shares fell nearly 3% in after-hours trading.
Nvidia (NVDA.O) reported data center revenue of $89 billion for Q2 of fiscal year 2027, compared with $41.096 billion in the same period last year and market expectations of $85.077 billion.
Nvidia (NVDA.O) has projected revenue of $108 billion for Q3 of fiscal year 2027, compared to market expectations of $104.196 billion.
Nvidia (NVDA.O) reported revenue of $96.2 billion for Q2 of fiscal year 2027, compared to $81.615 billion in the same period last year, while the market expected $92.012 billion.
The Dow Jones Industrial Average closed down 112.81 points, or 0.21%, at 53,464.59 on Wednesday, August 26; the S&P 500 closed down 1.46 points, or 0.02%, at 7,675.82; and the Nasdaq Composite closed down 21.10 points, or 0.08%, at 26,130.20.
The U.S. Army has awarded contracts totaling up to $2.2 billion to five companies to build and operate miniature nuclear reactor power generation facilities at five U.S. military bases.
August 27th - U.S. stocks closed lower on Wednesday. The Dow Jones Industrial Average fell 0.2%, the S&P 500 fell 0.02%, and the Nasdaq Composite fell 0.08%. Tesla (TSLA.O) fell 1%, Oracle (ORCL.N) rose 2.8%, Nvidia (NVDA.O) fell more than 1%, and SK Hynix (SKHY.O) fell nearly 1%. The Nasdaq China Golden Dragon Index closed down 0.6%, and iQiyi (IQ.O) fell more than 4%.
According to Tasnim News Agency, local Syrian sources say that Israeli artillery attacked Syrian highlands near Damascus.
On August 27th, according to the Wall Street Journal, Google plans to move its AI Responsibility team of approximately 90 people out of DeepMind in early September, placing them in the Global Affairs department responsible for lobbying and public policy. This is part of a further integration of DeepMind into the Google ecosystem. Teams such as Human Resources and Policy will also be moved out of DeepMind simultaneously. The AI Responsibility team primarily researches cutting-edge AI risks, including testing models for chemical, biological, radioactive, and nuclear risks, as well as studying the psychological impact of user interactions with AI and chatbots. Some employees are concerned that moving out of DeepMind will increase the distance between them and the Gemini model development team, potentially weakening their ability to conduct independent research and identify risks in cutting-edge models. Google stated that the team will retain access to DeepMind, computing power, and personnel resources, and other teams responsible for model behavior, privacy, and security will also remain at DeepMind. This adjustment comes amidst ongoing changes in DeepMind's management and talent pool.
According to Saudi Arabia's Al Arabiya TV: Two explosions were heard in the port of Mocha, Yemen, as Houthi rebels launched missiles at Mocha again.
Nvidia will release its earnings report after the US stock market closes.
On August 27, local time, the head of the Atomic Energy Organization of Iran, Eslami, stated on the 26th that any inspection of Iranian nuclear facilities that have been militarily attacked by the International Atomic Energy Agency (IAEA) must be approved by law from the Iranian parliament and have corresponding regulations established. He stated that all Iranian nuclear facilities attacked by the military had previously been registered with the IAEA and inspected. The agency's failure to condemn these attacks has cast doubt on its capabilities and independence. The US and Israel have pressured the IAEA to visit the damaged Iranian nuclear facilities in order to assess the results of the US-Israeli military strikes. Until the security regulations stipulated by law in the Iranian parliament are enacted, Iran will not accept the IAEA's request to inspect these facilities.
On August 27th, OpenAI stated in a report that the incident of its AI model accidentally infiltrating Hugging Face could have been prevented much earlier. As early as the end of May, OpenAI discovered that the model in testing had breached sandbox restrictions, successfully connected to the open internet, and bypassed existing rules to communicate with other AI agents. OpenAI stated that these early signals should have triggered a more timely response. An independent third-party assessment concluded that the model used AI agents during the intrusion, which attempted to circumvent automated security checks from both OpenAI and Hugging Face, but put significantly less effort into evading human detection. OpenAI stated that it will strengthen monitoring of models under development, deploy more robust sandboxes, and automatically alert researchers and security engineers when models exhibit dangerous or "inconsistent" behavior.
On August 27, local time, Hungarian Prime Minister Majol stated on social media that the Pakše nuclear power plant has achieved full-capacity operation, with all four reactors and eight turbines operating normally.
Saskatchewan, Canada: will impose a 50% tariff on U.S. alcoholic beverages.
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