Zoom Communications’ stake in AI company Anthropic is now valued at $3.13 billion, and the company recorded an unrealized gain of $1.61 billion in the second quarter. Over the six months through July, Zoom added roughly $301 million to that position. The company has also invested $140.2 million in equity securities of other private companies building AI products. Zoom shares are up 21.8% over the past year and have continued to show strength recently.

Nvidia is said to have agreed to acquire open-source AI model platform Hugging Face for $12.9 billion, a move that could extend its advantage from chips into models and the developer ecosystem. The company’s market capitalization stands at $5.5 trillion, placing it among the world’s most valuable firms. Shares closed at $227.98 on Aug. 27, up 8.7% on the day, marking the largest one-day increase in market value in its history. The stock is up 16.7% year-to-date.

Charles Schwab said it plans to add SOL to Schwab Crypto Direct, while Bitwise’s Solana Staking ETF surpassed $1B in AUM in 10 months. Solana also closed its first binding on-chain governance vote, alongside a 25% network speed increase. The network additionally rolled out fixed-rate credit and a tokenization project tied to a graded 1997 manga magazine featuring Luffy’s debut.

The Iran war has pushed inflation to near 4%, well above the Federal Reserve’s target, and sent the 10-year U.S. Treasury yield up to around 4.75%. As yields rose, the 30-year fixed mortgage rate climbed from below 6% before the war to nearly 7%. On a $320,000 loan, that translates to roughly $210 more in monthly payments. The bond market is also facing heavy supply pressure as the U.S. annual budget deficit is expected to exceed $2 trillion, or more than 6% of GDP.

NVIDIA reported $96.2 billion in quarterly revenue, a record for the semiconductor industry, with its data center unit delivering $89 billion, up 117% year over year. Persistent demand for AI hardware has helped semiconductor stocks outperform large-cap tech in 2026, with Marvell Technology up 185% and Micron Technology up 220%. A semiconductor-focused ETF has risen more than 70% this year, while an ETF tracking the “Magnificent Seven” has gained 4%.

Wheat futures ended Friday at $7.84 a bushel after touching their highest intraday level since February 2023, logging a 12.1% weekly rise, the biggest since March 2022. Corn settled at $5.365 a bushel after reaching a July 2023 high, and its August gain is on track to be the strongest since April 2021. Wheat is up more than 54.5% year to date amid escalating Russia-Ukraine tensions in the Black Sea region. Corn has risen 21.8% year to date, supported by tighter U.S. supply expectations.

Federal Reserve Chair Kevin Warsh warned that inflation remains too high and suggested interest rate increases could be needed in the coming months if inflation fails to move closer to the Fed’s 2% target. U.S. stocks closed lower, with the Dow, S&P 500 and Nasdaq all finishing in the red, while the 10-year Treasury yield ended near 4.73%. Nvidia reported fiscal second-quarter 2027 revenue of $96.2 billion, up 106% from a year earlier.

Research from the Minneapolis Federal Reserve says demand for AI hardware has pushed up prices for video and information processing equipment, contributing about 0.4 percentage points to core PCE inflation. The study says this effect is comparable to the estimated impact from tariffs. In July, core PCE inflation was steady at 3.3% year over year, according to the Minneapolis Fed.