• Nvidia surges on AI outlook: Nvidia (NVDA) jumped nearly 9% on Thursday, adding about $440B in market value. Source: CNBC.
• Salesforce's earnings beat: Salesforce (CRM) jumped 22% after Q2 revenue rose 11% and adjusted EPS crushed estimates. An expanded Anthropic partnership and a $2.6B investment gain further boosted sentiment. Source: CNBC.
• Judge sides with Anthropic: A federal judge ruled that the Pentagon illegally retaliated against Anthropic by labeling it a supply-chain risk after the AI firm resisted unrestricted military use of its models. The government is expected to challenge the decision. Sources: NPR / AP.
• FDA approves Gilead HIV pill: Gilead (GILD) won FDA approval for Bixlenvo, a once-daily HIV pill combining bictegravir and lenacapavir. The therapy carries a $4,595 monthly list price. Source: CNBC.
• PayPal slides as takeover ends: PayPal (PYPL) fell 13% premarket after Advent and Stripe reportedly abandoned their takeover pursuit. Meanwhile, PayPal is continuing its turnaround efforts. Source: Reuters.
• Kimberly-Clark seeks approval: Kimberly-Clark (KMB) is seeking EU clearance for its $40B takeover of Kenvue (KVUE). The deal is expected to generate $2.1B in annual savings and create a consumer-health group with roughly $32B in revenue. Source: Reuters.
• Toyota sales and output fall: Toyota’s (TM) global July sales fell 4.8%, and production dropped 2.1%, pressured by a 24.3% sales plunge in China and a 44.5% decline in the Middle East. Japan sales rose 11%, partially offsetting weakness abroad. Source: Reuters.
• American expands routes: American Airlines (AAL) is adding seven international routes for 2027, using Airbus (EPA:AIR) A321XLRs to target smaller European cities and expand higher-margin premium travel, as it works to narrow its profit gap with rivals. Source: CNBC.
• SK Hynix boosts chip output: SK Hynix (KRX:000660) plans to begin HBM4E volume production in Indiana in Q3 2029. The $4B site will support U.S. customers, including Nvidia (NVDA), Microsoft (MSFT), and Alphabet (GOOGL). Source: Reuters.
• Meta tightens smart-glasses privacy: Meta (META) is updating its AI smart glasses to stop recording when the capture LED is covered, closing a privacy loophole. It is also launching an awareness campaign as scrutiny grows over covert recording. Source: The Verge.
• Google eases EU spam policy: Alphabet (GOOGL) is changing Google’s spam policy in Europe to address antitrust concerns, stopping certain publisher demotions from Aug. 30. Source: Reuters.
• Tech firms warn of AI cyber risk: Alphabet (GOOGL), Microsoft (MSFT), and nearly 100 other firms warned that current cyber defenses may soon be inadequate as AI-enabled attacks grow more capable, urging major investment in critical infrastructure security. Source: BBC.

• Ulta: Ulta Beauty (ULTA) raised its full-year EPS forecast to $28.70-$29.00 and sales growth outlook to 6.7%-7.2% after Q2 revenue rose 8.9% to $3.04B and EPS of $6.55 beat estimates. Source: WSJ.
• Workday: Workday (WDAY) fiscal Q2 revenue rose 13% to $2.65B, while adjusted EPS of $2.75 beat estimates. AI drove over 25% of new ACV, prompting the company to raise the low end of its full-year subscription revenue outlook. Source: WSJ.
• Gap: Gap (GAP) named retail veteran Michael Francis CEO of Old Navy as the brand’s Q2 sales fell 4%. Gap cut its FY sales growth outlook to 1%-1.5% but raised adjusted EPS guidance. Shares jumped 15% after hours. Source: Reuters
• Marvell: Marvell (MRVL) raised FY revenue guidance to $12B and its FY2028 target to $18B as data-center sales jumped 46%. Q2 revenue rose 36% to $2.74B, beating estimates, but shares fell 6.5% after hours. Source: WSJ.

• Warsh takes center stage: Fed Chair Kevin Warsh is delivering his Jackson Hole keynote today, with markets seeking clarity on inflation and conditions for future rate moves. Source: CNBC.
• Euro inflation boosts rate-hike bets: Spanish inflation jumped to 4.5% in August while France’s rose to 2.7%, driven by energy costs. The data strengthened expectations for a 25-basis-point ECB rate hike in September, which would lift the deposit rate to 2.5%. Source: Bloomberg.

• Nepal's death toll rises: Nepal’s flash-flood death toll has risen to 489, with many more still missing. Rescue efforts are continuing as officials monitor a barrier lake near Tibet that poses a flooding risk. Source: BBC.
• Iceland weighs EU talks: Iceland is voting Saturday on whether to restart EU accession talks, with polls showing a near-even split. Security concerns tied to U.S. policy and Greenland have intensified a debate over sovereignty, fisheries, the krona, and borrowing costs. Source: CNBC.
• King Harald V dies at 89: Norway’s King Harald V has died at age 89 after a 35-year reign that modernized the monarchy and guided the country through major national crises. Crown Prince Haakon succeeds him as king. Source: NY Times.
• Ugandan King Oyo dies at 34: King Oyo Nyimba of Tooro, who became the world’s youngest reigning monarch at age three in 1995, has died at age 34. His largely symbolic role carried significant cultural influence in western Uganda. Source: Reuters.

• 9:45 AM: Chicago PMI
• 10:00 AM: Fed Chair Warsh Speech
• 10:00 AM: Non-Farm Payrolls Annual Revision Prelim.
• 10:00 AM: Michigan Consumer Sentiment Final

Marvell Technology (MRVL) has released its quarterly earnings.

• Revenue of $2.74B (+36.54% YoY) beats by $30.02M.
• EPS of $0.94 (+40.30% YoY) beats by $0.07.
• Financials · As Reported · Metrics · Press Release

The Toronto-Dominion Bank (TD) has released its quarterly earnings.

• Revenue of $12.10B (+8.66% YoY) beats by $1.19B.
• EPS of $1.98 (+23.75% YoY) beats by $0.24.
• Financials · As Reported · Metrics · Press Release

Autodesk (ADSK) has released its quarterly earnings.

• Revenue of $2.05B (+16.05% YoY) beats by $34.43M.
• EPS of $3.30 (+25.95% YoY) beats by $0.33.
• Financials · As Reported · Metrics · Press Release

Workday (WDAY) has released its quarterly earnings.

• Revenue of $2.65B (+12.82% YoY) beats by $14.75M.
• EPS of $2.75 (+24.43% YoY) beats by $0.41.
• Financials · As Reported · Metrics · Press Release

Affirm Holdings (AFRM) has released its quarterly earnings.

• Revenue of $1.17B (+32.93% YoY) beats by $57.65M.
• EPS of $0.48 (+140.00% YoY) misses by $0.24.
• Financials · As Reported · Metrics · Press Release

Ulta Beauty (ULTA) has released its quarterly earnings.

• Revenue of $3.04B (+8.88% YoY) beats by $37.51M.
• EPS of $6.55 (+13.32% YoY) beats by $0.30.
• Financials · As Reported · Metrics · Press Release

Rubrik (RBRK) has released its quarterly earnings.

• Revenue of $427.26M (+37.89% YoY) beats by $30.94M.
• EPS of $0.22 beats by $0.26.
• Financials · As Reported · Metrics · Press Release

Jersey Mike's Subs (JMKE) will report today after close.

• Analysts estimate revenue of $208.60M (n/a YoY).
• EPS is estimated to be $0.19 (n/a YoY).
• Financials · As Reported · Metrics

Electronic Arts (EA) will report tomorrow after market close.

• Analysts estimate revenue of $1.46B (+12.44% YoY).
• EPS is estimated to be $0.81 (+224.00% YoY).
• Financials · As Reported · Metrics

Science Applications International (SAIC) will report Monday before market open.

• Analysts estimate revenue of $1.76B (-0.44% YoY).
• EPS is estimated to be $2.30 (-36.64% YoY).
• Financials · As Reported · Metrics

Palo Alto Networks (PANW) will report Tuesday.

• Analysts estimate revenue of $3.35B (+32.14% YoY).
• EPS is estimated to be $0.88 (-7.37% YoY).
• Financials · As Reported · Metrics

Dell Technologies (DELL) will report Tuesday.

• Analysts estimate revenue of $44.56B (+49.67% YoY).
• EPS is estimated to be $4.86 (+109.48% YoY).
• Financials · As Reported · Metrics

Broadcom (AVGO) will report Wednesday.

• Analysts estimate revenue of $29.44B (+84.56% YoY).
• EPS is estimated to be $3.16 (+86.98% YoY).
• Financials · As Reported · Metrics

Hewlett Packard Enterprise (HPE) will report Wednesday.

• Analysts estimate revenue of $11.96B (+30.94% YoY).
• EPS is estimated to be $0.91 (+106.82% YoY).
• Financials · As Reported · Metrics

NetApp (NTAP) will report Wednesday.

• Analysts estimate revenue of $1.84B (+17.86% YoY).
• EPS is estimated to be $2.04 (+31.61% YoY).
• Financials · As Reported · Metrics

Ciena (CIEN) will report Thursday.

• Analysts estimate revenue of $1.63B (+34.05% YoY).
• EPS is estimated to be $1.67 (+149.25% YoY).
• Financials · As Reported · Metrics

Copart (CPRT) will report Thursday.

• Analysts estimate revenue of $1.14B (+1.40% YoY).
• EPS is estimated to be $0.38 (-7.32% YoY).
• Financials · As Reported · Metrics

• There are no remaining IPOs expected this week. To see all upcoming IPOs, check out our IPO calendar.