Nvidia, Salesforce crush bears as Warsh pushes back — SkimNews
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- Nvidia guided roughly 70% fiscal 2028 revenue growth — ~25 points above Wall Street's ~45% consensus — with hyperscalers now ~50% of business and Vera Rubin on schedulelink ›
- Salesforce jumped 22% on its strongest sales growth in four years, with AI bundle bookings more than doubling quarter-over-quarter and customer attrition near historic lowslink ›
- Salesforce deepened its Anthropic partnership with 'Claudeforce,' letting Claude users tap Salesforce data to compose emails and update recordslink ›
- Fed Chair Kevin Warsh told Jackson Hole that better CPI/PCE prints don't yet constitute a downtrend, pledging to retire forward guidance as something that "has overstayed its welcome"link ›
- Cleveland Fed's Beth Hammack said "now is the time to act" on a rate hike, citing Wednesday's ~3% annualized inflation print well above the 2% targetlink ›
- Bitcoin dipped to $78,442 but is up 26.35% month-to-date — best August since 2017 — with Canaan, American Bitcoin, and Cango gaining 41–67% on the weeklink ›
- Canada announced $20B in retaliatory 15–50% counter-tariffs on 700+ U.S. goods effective Sept. 8 after Trump's 50% metals tariffs; VanEck Steel ETF (SLX) is up 28% YTDlink ›
- California AG Rob Bonta and a state coalition filed to block the $110B Paramount–WBD merger on antitrust grounds; the deal pays $31/share with a ticking fee if approval slips past Septemberlink ›
Nvidia and Salesforce did the market's heavy lifting on Wednesday, torching short sellers with a one-two earnings punch that demolished the AI-skeptic narrative for another quarter. Nvidia's roughly 70% fiscal 2028 revenue guide blew past Wall Street's ~45% consensus, sending the stock up 8%; Salesforce surged 22% as AI bundle bookings more than doubled and customer attrition hit historic lows. The prints landed the same day Fed Chair Kevin Warsh used Jackson Hole to remind markets that inflation hasn't "meaningfully improved," with Cleveland Fed's Beth Hammack separately calling for an immediate rate hike. Bitcoin dipped to $78,442 on the hawkishness but is still up 26.35% month-to-date — its best August since 2017.
The stories behind this week
37% of 2026 Indian IPOs Trade Below Issue Price: 6 RHP Red FlagsWith two-fifths of post-2022 Indian listings now underwater and 37% of 2026 IPOs failing on debut, retail investors face real money at stake before the 30 September Sebi approval expiry triggers a final burst of offerings—making RHP literacy a practical necessity rather than a nice-to-have.
Hammack Pushes for Rate Hike at Jackson HoleHammack is a voting FOMC member in open dissent against the majority's hold position, and her Jackson Hole remarks make it harder for the Fed to project the unified 'patient' message Chair Powell has tried to maintain — yet futures markets still price no move before December, setting up a potential collision between internal Fed debate and Wall Street expectations.
U.S.-Canada 50% Tariffs Expose Metals Supply ChainsThe one-day ETF pop that faded by Friday reveals a deeper exposure: U.S. steel may have a slight edge, but autos have no winners because parts cross the border multiple times per vehicle, and tariffs compound on every re-crossing. Rewriting those bills of materials takes 12-24 months of capital and requalification — and as Luttner put it, "the real story isn't which stock popped, it's which manufacturers had already de-risked."
Buffett remains active at 96, but Berkshire's shares aren't doing muchBerkshire's 12-point lag behind the S&P 500 puts a spotlight on Greg Abel's tenure as the cash pile hits $365.5 billion — investors clearly want more aggressive capital deployment, a dividend, or a transformational deal, none of which has materialized yet. With Buffett turning 96, the clock is ticking on a transition that markets seem to be pricing in.
Bitcoin Dips to $78.4K as Warsh Dismisses Soft InflationWarsh's hawkish Jackson Hole tone produced a split reaction — Bitcoin fell about 1% to $78,442 while the S&P 500 and Nasdaq rose 0.5% — suggesting crypto traders priced in more inflation risk than equity traders did. With monthly returns already at 26.35% and resistance stacking between $83K and $86K, QCP Capital says derivatives positioning (contained funding, gradual open interest) will determine whether BTC breaks higher or stalls into September.
Bitcoin's 23% Rally Lifts Miners Past AI-Pivot StocksPublic Bitcoin miners have invested roughly $15 in AI data centers for every $1 in AI-related revenue, yet direct BTC exposure delivered the week's biggest stock gains — a reminder that the 'miners pivot to AI' narrative still has no revenue to show for $5.11 billion in 2026 capex.
Lost in limbo: Where the Paramount merger delay leaves WBD, and what may come nextWBD's paralysis comes precisely as the streaming industry is pivoting toward bundling deals — Peacock is embedding into YouTube Premium, Netflix is reportedly courting partners — moves WBD cannot easily match while its future is unsettled. If the Paramount deal collapses, both companies end up with subscale streamers that Fishman says cannot compete long-term against Disney, Amazon, Netflix, and YouTube, leaving 150 million expected HBO Max subscribers in a weaker position than if the merger had closed cleanly.
Nvidia, Salesforce earnings shatter bear narrativesShort sellers betting against Nvidia and Salesforce got crushed as both companies posted numbers that directly contradicted core bear theses. Nvidia's roughly 70% fiscal 2028 revenue growth guidance — about 25 points above Wall Street's ~45% expectation — shows AI infrastructure demand remains far stronger than skeptics had modeled, while Salesforce's Claudeforce partnership with Anthropic demonstrates software incumbents can monetize AI rather than be displaced by it.
Why it matters: If Nvidia can guide 70% growth against a 45% consensus while Salesforce simultaneously proves incumbents can monetize AI, the bear case for the entire AI trade gets pushed back another quarter — and mega-cap tech reclaims leadership of risk assets.
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