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THE DAILY BRIEF
FRIDAY, AUGUST 28, 2026
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■ TOP STORY
Salesforce posted Q2 revenue of $11.35B (beating $11.32B estimate) with net income jumping 87% to $3.5B, and guided Q3 revenue above expectations. The stock jumped 13% in after-hours trading.
► WHY IT MATTERS: Enterprise software spending remains resilient despite macro uncertainty, signaling sustained corporate investment in cloud infrastructure.
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| 2. |
Nvidia projected Q3 revenue of $108B (above $104B consensus) and signaled approximately 70% revenue growth for fiscal 2028, sending shares up 4% after hours.
► Sustained AI infrastructure demand shows no signs of slowing, with Nvidia commanding pricing power across accelerator and data center markets through 2028.
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| 3. |
Nvidia is acquiring Poolside's software platform that automates AI model generation, along with 109 employees, for $6 billion.
► Nvidia is vertically integrating software tooling to lock in customers and reduce friction in the AI development pipeline, extending moat beyond chips.
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| 4. |
A federal judge partially overturned the conviction of former Google engineer Linwei Ding, who was initially found guilty of stealing AI trade secrets for two Chinese companies.
► AI trade secret cases face legal complexity; partial overturning signals courts are still calibrating standards for tech IP theft prosecution.
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The US cybersecurity agency confirmed that suspected Iran-backed threat actors targeted over 100 American water utilities during July as part of a broader wave of attacks on critical infrastructure.
► Water systems represent an escalating target for nation-state actors; defenders should expect sustained pressure on unglamorous but essential infrastructure.
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