1 hr ago1 min readNvidia CEO Jensen Huang (Nvidia)SummaryNvidia reported $96.2 billion in quarterly revenue and guided for $108 billion next quarter, pushing its shares 8% higher in pre-market trading. Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, according to The Information.Technology stocks and bitcoin have also risen Thursday morning. Nvidia NVDA$224.19·At close shares rose 8% during Thursday’s pre-market session after the AI chipmaker delivered another earnings beat and issued stronger-than-expected guidance, lifting the wider technology and crypto markets.The Invesco QQQ has gained more than 1%, while bitcoin climbed over 1% in the past 24 hours to challenge $80,000. AI infrastructure companies also advanced, with IREN IREN$41.06·At close rising 5% and TeraWulf WULF$16.36·At close and Cipher Mining CIFR$16.45·At close gaining around 3% each.Nvidia reported fiscal second-quarter revenue of $96.2 billion, exceeding the $92.27 billion consensus estimate, while adjusted earnings per share of $2.22 beat expectations of $2.09. The company guided for third-quarter revenue of $108 billion, ahead of Wall Street’s $103.9 billion forecast.Management expects revenue to grow approximately 70% in fiscal 2028, despite customer forecasts pointing to demand potentially doubling. Nvidia said supply would remain the primary constraint through the end of that fiscal year.CEO Jensen Huang said on the earnings call that AI agents require between 15 and 100 times more compute than conventional human-prompted interactions. However, Nvidia expects gross margins to bottom between 71% and 72% in the fourth quarter due to rising memory costs. Its outlook includes no China data-center compute revenue amid continuing geopolitical uncertainty.Separately, Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, The Information reported.The acquisition would give Nvidia ownership of one of the largest platforms for sharing and deploying open-source models, extending its reach beyond chips and infrastructure and further across the AI software stack.Related StocksMarket Closed12345678910Anvil: The Missing Collateral LayerAnvil: The Missing Collateral LayerAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Jul 29, 2026Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Why it matters:Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.View Full Report