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The Daily Briefing · Tuesday, September 1, 2026
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Nvidia's $2.9B Hugging Face Deal Stirs Antitrust Alarm
Nvidia is acquiring Hugging Face for $2.9 billion, converting a prior minority stake into full ownership in the chipmaker's largest transaction to date.
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Also today
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Silver Lake's WDAY Buyout Eyes Sovereign Co, Investors
Silver Lake is valuing Workday at approximately $65 billion, a figure that would surpass every prior software leveraged buyout in history
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AVGO Earnings: Can Broadcom Prove AI Demand Real?
Broadcom (AVGO) guided Q3 FY2026 revenue to $29.4 billion, up 84% year, over, year, anchored by $16 billion in projected AI semiconductor revenue, itself more than 200% above the year, ago quarter.
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Gold Nears $2,300 as Iran Hits U.S. Bases
Gold spot climbed more than 2% toward $2,300, its sharpest single, session safe, haven surge in months, after Iran launched roughly 14 ballistic missiles at U.S. military installations across Qatar and Iraq.
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Chicago PMI Crashes to 47.1, Fueling Stagflation Fears
The Chicago PMI fell 10.5 points to 47.1 in August, the lowest reading of 2025, against a consensus estimate of 57.9.
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Iran Missiles Target U.S. Bases in Jordan, UAE
Jordan's air defenses intercepted 8 inbound ballistic missiles; Al, Minhad Air Base in the UAE sustained minor perimeter damage from drone debris
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VEEV Holds 15% Surge as Vault CRM Displaces Salesforce
VEEV reported $828 million in Q2 FY2027 revenue, up 18% year, over, year, beating consensus estimates by a wide margin.
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More headlines
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July JOLTS Data Tests Fed's September Rate Decision
June job openings printed at 7.36 million, missing the 7.40 million consensus estimate and extending a gradual downtrend in labor demand.
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Medtronic Q1 FY2027: AI Robotics Under Spotlight
Consensus targets Q1 FY2027 adjusted EPS of $1.38, a 9.5% year, over, year improvement, on revenue of approximately $8.54 billion.
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MDB Faces Steepest Earnings Bar as Q2 FY27 Reports Tonight
Wall Street expects Q2 FY27 revenue of $733.61 million, a 24% year, over, year gain, with non, GAAP EPS of $1.60, up 60% from the year, ago quarter.
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PANW Q4 2026 Earnings: $3.35B Revenue Test
Consensus revenue estimate for PANW's fiscal Q4 2026 stands at $3.35 billion, up 32% year over year.
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August ISM PMI: Can July's Factory Boom Hold?
ISM Manufacturing is expected to pull back from July's 55.6, the strongest reading since May 2022, when it reports at 10:00 AM ET on September 1
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Salesforce CRM: Agentforce Tops $1.5B, JPMorgan Turns Bullish
Agentforce ARR surpassed $1.5 billion in Q2 FY2027, up 240% year over year, as enterprise agentic AI deployments accelerated globally.
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Defense Stocks Surge as Iran Strikes U.S. Bases
LMT, RTX, NOC, and LHX gained 3, 5% Monday as Iran's ballistic, missile strikes on U.S. bases in Jordan and the UAE sharpened Pentagon procurement timelines.
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DELL Earnings: AI Backlog Faces Order Fatigue Test
Dell's AI server backlog hit a record $51.3 billion exiting Q1 FY2027, up from an initial $5 billion, plus milestone target
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Treasury Yields Scale 20, Month High on Iran Oil, Rate Fears
The benchmark 10, year yield climbed more than 5 basis points to 4.75%, a level last seen in January 2025.
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Energy Leads S&P 500 as Brent Crude Hits $120
Brent crude rose 3.5% to $120 per barrel Monday, its highest settlement in months, driving a broad, based rally across energy equities.
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Eli Lilly Pays $1.88B for Merida Biosciences
Eli Lilly will pay up to $1.88 billion in cash for privately held Merida Biosciences, subject to regulatory clearance.
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CRWD Jumps 4% at Fal.Con 2026 on Cloud Deals
CRWD climbed 4% to $227.84 Monday, extending a year, to, date gain of roughly 86% to a fresh all, time high.
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Tesla TSLA Jumps 3.7% on Optimus Mass Production Launch
Tesla (TSLA) surged 3.7% after officially activating its first dedicated Optimus humanoid robot production line at Fremont, California.
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PG&E Crashes 16.7% as California Wildfire Bill Fails
PCG plunged 16.7%, erasing the risk premium investors had built into the stock on expectations of a legislative liability cap.
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From the startup desk
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REGENT Craft's $240M Series B Breaks RI VC Record
REGENT Craft (US) — Rhode Island seaglider maker raises $240M Series B — the largest VC raise in state history — to transition its electric wing-in-ground-effect marine craft into full manufacturing, backed by a US Marine Corps contract.
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Gatik Raises $200M Series D for Driverless Freight
Gatik (US) — Autonomous middle-mile trucking company raises $200M Series D led by Qatar Investment Authority, with 85,000 completed driverless orders on Walmart, Kroger, and PepsiCo routes.
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Muon Space Raises $250M Series C at $1.5B Valuation
Muon Space (US) — Dual-use earth-observation satellite startup raises $250M Series C at a $1.5B valuation backed by Google and Salesforce Ventures, targeting 500 satellites per year from its new San Jose factory.
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Video of the day
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Understanding Backwardation
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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