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On August 27th, Nvidia CEO Jensen Huang commented in the companys quarterly report that artificial intelligence has reached an inflection point. AI is doing truly useful work, and the tokens it generates are creating productivity and profits. Now, computing power is revenue, and demand is accelerating. At this time last year, infrastructure construction was mainly driven by a single AI lab; today, we are witnessing a golden age of new AI labs and startups, with multiple cutting-edge AI labs expanding simultaneously, an open model ecosystem flourishing, and physical AI beginning to be applied. Strong momentum is maintained in the US and globally. AI infrastructure construction is proceeding at full speed. Vera Rubin, now fully operational, was built for this moment.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.

Technical Analysis

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