Nvidia, QIA-backed Iambic Therapeutics files for US IPO as biotech boom rolls on

Amazon's AWS division plans to buy over 3 million Nvidia GPUs by 2029, including 2 million Blackwell Ultra, Rubin, and Rubin Ultra GPUs. This follows a previous commitment of over 1 million GPUs. Amazon has approximately 1.58 million employees, with a smaller share working in AWS data centers. The deal includes 100,000 GPUs for US government AI workloads. AWS revenue grew 37% year over year to $42.2 billion in Q2.

Nvidia (NVDA) agreed to acquire Hugging Face for $12.9 billion, gaining access to its vast AI ecosystem with 3 million models and 18 million developers. The deal highlights a trend of tech giants acquiring strategic startups to accelerate their AI and robotics capabilities, as building these internally would take years. Other potential acquisition targets include AI safety and security startups, proprietary data providers, and robotics companies.

Nvidia is investing an additional $1.5 billion in SB Energy, bringing its total equity commitment to $3 billion ahead of SB Energy's planned $50 billion IPO. SB Energy, a SoftBank-backed energy and data center company, aims to raise $5-7 billion on Nasdaq under the ticker SBE. The Ohio campus, leased to OpenAI, requires exclusive use of Nvidia chips and has a capacity of 4.25 gigawatts, expandable to 8 gigawatts.

Salesforce launched Koa, a proprietary CRM-focused AI model co-developed with Nvidia, aiming to reduce reliance on third-party models like Claude. Koa scored 8.6 on CRM Bench, trailing Claude and GPT-5.5 but surpassing GPT-4.1. The move is driven by data security, cost savings, and competitive positioning. Salesforce also introduced AIforce, integrating AI with its CRM system. Nvidia supports Koa's development, promoting 'enterprise sovereign AI.'

AMD's market cap briefly surpassed $1 trillion after a 29% share price increase over the past month, with a 9% jump on Monday. The company joins a select group of firms with a market cap over $1 trillion, including Nvidia and Broadcom. AMD's milestone comes ahead of Intel, which has seen a 37% share price increase in the past month.

Einride's shares rose 12% after announcing a partnership with Nvidia to integrate its Blackwell architecture and DRIVE Hyperion platform into Einride's autonomous-trucking operations. Einride aims to expand its fleet to 1,500-2,000 vehicles by 2028, with 80% suitable for automation. The company reported a 26% revenue increase in H1 2026 and expects 60-73% growth in H2, targeting cash-flow breakeven by 2028.