Good morning, you're tuned into Markets Desk.
Nvidia delivered a quarter that left little room for doubt. The chipmaker reported revenue of ninety-six point two billion dollars, doubling year-over-year and surging eighteen percent from the prior quarter, crushing analyst expectations. CEO Jensen Huang says demand for AI chips isn't cooling — it's accelerating, and the forecast for the current quarter came in above what the street was looking for.
Shifting to China, industrial profit growth slowed to an eleven point two percent annual pace in July, the weakest reading in seven months. That said, context matters here — Chinese industrial firms spent years in outright decline before barely turning positive last year, so double-digit growth, even a decelerating one, still marks a meaningful recovery in the country's manufacturing base.
And in the IPO pipeline, Anthropic has overtaken SpaceX in betting markets as the most anticipated public offering of two thousand twenty-six. Reports suggest the AI company could seek a valuation somewhere between one trillion and two trillion dollars, with a listing potentially arriving as soon as October. That range alone tells you how much investor appetite for frontier AI remains firmly intact.
That's the tape. Markets Desk, signing off the floor.
