CHATTANOOGA, Tenn. — Kenco opened a 30,000-square-foot Innovation Lab on Sept. 10, tripling a testing footprint the third-party logistics provider first built in 2015.
The larger facility allows Kenco to run warehouse automation testing on larger and more complex systems. It also allows more of those systems to run side by side. Testing takes place inside a building designed to mirror real-world warehouse conditions so results carry over to a live distribution center.
Ainsley Williams, vice president of automation and innovation at Kenco, described the expansion as benefiting both manufacturers and customers.
"The Innovation Lab has long stood as the convergence point for leading technologies and real-world applications, helping both manufacturers and customers identify and realize what's possible," Williams said. "By tripling our innovation footprint, we can further provide a ***** e for OEMs to continue experimenting with their products in a real environment and for customers to explore product and value without having to invest in them."
The original lab was created to help the company understand how emerging technologies such as automation would affect its operations.

#real #customers #larger

Goldman Sachs raised its 2035 humanoid robot forecast nearly 5x to 6.5 million units, now valuing the market at $138 billion.
Each humanoid robot carries between $3,000 and $6,000 in semiconductor content, potentially generating up to $39 billion in annual chip demand at full scale.
Picks-and-shovels suppliers like semiconductor and automation companies offer a smarter entry than betting on which humanoid robot manufacturer wins.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and NVIDIA made the cut. Enter your email to see the other nine names and why NVDA earned its spot. The report is free. Enter your email and see the full list.
Artificial intelligence is moving out of the data center and into the physical world. Autonomous vehicles, warehouse robots, and increasingly capable machines are giving AI a body, creating what Goldman Sachs calls "physical AI." The investment opportunity could be much larger than the market for humanoid robots themselves. Every machine needs processors, memory, sensors, motors, and software, creating a new demand stream for companies already supplying the AI economy.

#robot #sachs

SOFIA, Sept 12 (Reuters) - Bulgaria is investigating the cause of a fire at a weapons storage facility operated by EMCO, including the possibility of sabotage and a link to a previous blaze at ‌another of the company's facilities in August, the interior minister said.
No injuries were reported in the fire, ‌which broke out near the village of Tsareva Livada and lit up the night sky, according to videos broadcast locally. The incident came weeks after an explosion and fire at another EMCO weapons depot in western Bulgaria.
Interior Minister Ivan Demerdzhiev told journalists on Saturday that the fire was under control and that an investigation was underway.
"We will review previous cases in which similar fires occurred in the warehouses of this company, as well as at other companies, in order to look for a possible connection or a ‌similar pattern," he said.
"We are not ruling ⁠out outside interference."

#previous

Harbor Funds, an investment management company, released its Q2 2026 investor letter for "Harbor Mid Cap Value Fund". The letter can be downloaded here. Global equities experienced a sharp rally in Q2 2026, with the S&P 500 returning 15.2%, its strongest quarter since 2020, driven by a shift from software to hardware in the Artificial Intelligence capital spending cycle. Small caps outperformed large caps, with the Russell 2000® gaining 21.5% compared to the Russell 1000's 15.1%. Growth stocks led within large caps, while Information Technology rose about 33%, contributing significantly to the S&P 500's return. The Harbor Mid Cap Value Fund returned 13.99%, outperforming its benchmark, the Russell Midcap Value Index. Strong stock selection in Consumer Discretionary, Real Estate, and Financials contributed positively, although an underweight in Information Technology negatively impacted results. Despite ongoing economic uncertainties, the investment philosophy remains committed to a disciplined value approach. Check the fund's top five holdings for its best picks in 2026.
In its second-quarter 2026 investor letter, Harbor Mid Cap Value Fund highlighted The Kroger Co. (NYSE:KR). The Kroger Co. (NYSE:KR) is a leading supermarket chain that operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. On September 04, 2026, The Kroger Co. (NYSE:KR) closed at $58.59 per share. Over the past month, The Kroger Co. (NYSE:KR) returned 1.83%, but its shares are down 15.42% over the past year. The Kroger Co. (NYSE:KR) has a market capitalization of $35.89 billion, and its stock has traded within a 52-week range of $54.15 to $76.58.
Harbor Mid Cap Value Fund stated the following regarding The Kroger Co. (NYSE:KR) in its Q2 2026 investor letter:
"Other detractors were The Kroger Co. (NYSE:KR) in the Consumer Staples sector and Matador Resources in the Energy sector. Kroger was down more than 20% as slowing same-store sales and inflation weighed on the stock. Competition from lower cost providers has forced Kroger to reduce prices to maintain market share."
The Kroger Co. (NYSE:KR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. According to our database, 56 hedge fund portfolios held The Kroger Co. (NYSE:KR) at the end of the second quarter, up from 52 in the previous quarter. While we acknowledge the potential of The Kroger Co. (NYSE:KR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#NYSE #value #fund

On August 13, TSS Inc. (NASDAQ:TSSI) reported second-quarter results that look worse on the top line and better underneath it. Revenue fell 20% year over year to $35.1 million, yet gross profit rose 11% and adjusted EBITDA climbed 12%. The company is deliberately walking away from lower-margin procurement work and leaning into systems integration for AI and HPC infrastructure, a business that grew 46% in the quarter. That trade-off is the whole story right now, and it cuts both ways.
Systems integration revenue reached $13.9 million in the quarter, up 46% from a year earlier, and now makes up 39% of revenue, versus just 22% in last year's second quarter. Facilities management grew even faster, up 84% to $2.7 million. CEO Darryll Dewan said systems integration is expected to keep outpacing the rest of the business given strong demand and the company's track record on complex technology projects.
TSS has started deploying capital toward a planned $17 million investment aimed at the next wave of AI data center technology, a buildout the company expects to start converting into higher systems integration revenue in the third quarter. The company has also put an idle **** et back to work: its former Round Rock integration facility began warehouse operations on May 1, generating $0.3 million in operating lease income during the quarter.
Management is also pointing to stronger months ahead. TSS expects the second half of 2026 to outperform the first half, with accelerated systems integration growth, and it maintained guidance for full-year adjusted EBITDA to land between $20 million and $22 million, at the high end of that band.
The revenue decline is not small. Procurement revenue, still TSS's largest segment by dollars, fell 45% to $18.2 million in the quarter and is down 53% to $58.2 million for the first six months of the year. That drop pulled total revenue down 20% in the quarter and 37% for the year to date, to $90.5 million, even as the higher-margin segments expanded.

#systems #procurement

Costco (COST) shoppers kept spending through the last weeks of summer, and the numbers back it up. The warehouse giant posted another month of strong sales growth, giving investors plenty of reasons to watch Costco stock heading into Q4 2026.
The retailer's August results, covering the four weeks from Aug. 3 through Aug. 30, showed broad strength across regions and categories. Gas prices played a big role in the headline number, but even without that boost, Costco's core business kept growing at a healthy clip.
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#kept #cost

In the quarter ended 31 July 2026, the company's gross profit was $157.0m compared with $143.4m in the same period last year.
Gross margin increased by approximately 320 basis points to 52.0%, primarily due to International Emergency Economic Powers Act (IEEPA) tariff refunds, partly offset by costs related to a new joint venture royalty structure and temporary expenses from the warehouse management system rollout.
During the quarter, Lands' End posted $302m in net revenue, marking a 2.7% increase year-on-year. Its US e-commerce segment saw the strongest growth, with revenues up 9.0% to $182.4m.
This rebound followed earlier disruption related to the implementation of a new warehouse management system, with carryover shipments contributing to the quarterly rise.
Revenue of Lands' End Outfitters business rose by 4.4% to $69.3m, led by enterprise accounts, which offset ongoing challenges in the school uniform business caused by service processing delays.

#related #Warehouse #management #system

Wendy Schmidt and Kos Evans
I love to sail. And, yes, I've been known to "rock." I've even meet a few rockstars over the years. (Just please don't tell my 14-year-old son I said so. He already thinks I'm pretty cringe.) I've met a few royals and attended some very cool art exhibitions over the years too.
But I've never been to a modern art exhibition that combines rockstars, yachts and all sorts of royalty quite like the event was held to benefit Nantucket Community Sailing at the oh-so-authentic Thomas Macy Warehouse on the island. And lots of well-connected people who love the ocean, yachts, and art were there to see Kos Evans's expanded Rock and Royals modern art collection. It features one-of-a-kind images of legendary rockstars and all sorts of royalty who sail, on rare, one-of-a-kind sailcloth from yachts owned by the likes of Pete Townshend, the Prince of Monaco, and American royalty such as JFK too.
Rock and Royals on display
According to KOS, Rock & Royals is more than an exhibition. "It's a celebration that pays homage to the legends who owned these sails and to the sea itself," she says. By transforming these authentic pieces of history into art, Kos creates a unique dialogue between history, celebrity, royalty, and contemporary artistic expression.

#rock #Royals #royalty #yachts

Small and midsize shippers are often forced to stitch together various tools for parcel labels, freight quotes, tracking, and much more. The fragmentation gets more expensive as a business grows past pure e-commerce, since the moment a merchant needs to move inventory between warehouses or ship a pallet instead of a box, they're forced out of whatever platform runs their day-to-day shipping and into unfamiliar territory.
ShipStation Global CEO Tom Madine has built the company's post-merger strategy around closing that gap, knowing that the same merchants who came to the platform for parcel labels are increasingly buying freight, too, and would rather not leave the software to do it.
The LTL rollout is the first major product integration since Thoma Bravo acquired WWEX Group (parent of Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics) and merged it with Auctane, the parent company of ShipStation, this past June. The combination created ShipStation Global, a company now valued at roughly $12 billion. CEO Tom Madine described the logic of putting the two businesses together as less about scale for its own sake and more about closing a gap both companies kept running into with customers.
"If you think about an e-commerce merchant that's selling through multiple channels, using multiple carriers with inventory in multiple places, it makes that a much more seamless and stress-free process for them, and allows them to manage everything through a single pane of glass," Madine said of the legacy ShipStation product, before pointing to what it had been missing. "There's nothing else like it on the market."
According to Madine, that gap had shown up repeatedly in customer surveys. "One of the most common requests that ShipStation would get in the legacy Auctane world was, 'When are you going to add other modes to the platform?'" he said. "Prior to today, if you were a ShipStation user, you were managing your entire workflow in ShipStation, except when you needed to move freight." Merchants who needed to move inventory between warehouses had to leave the platform entirely, log into a separate freight system, and reconcile the two.

#freight #inventory #multiple #auctane

Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Performance was driven by a recovery in U.S. e-commerce following the resolution of warehouse management system (WMS) issues that had previously disrupted shipments.
Management prioritized high-margin sales and brand integrity over promotional volume in third-party marketplaces, resulting in a 500 basis point gross margin improvement despite lower revenue.
New customer acquisition was fueled by 'iconic' franchises, specifically totes and swim, which served as entry points for younger demographics and new-to-brand shoppers.
The Europe business pivoted toward a 'franchise-first' ******* ortment to simplify operations and improve product margins, resulting in flat revenue but enhanced profitability.

#Margin #brand #performance #Europe

JBM Packaging has opened a 52,500ft² site in Lebanon, Ohio, US, approximately a mile from its main base, as it expands its contract packaging, kitting and filling activities.
The facility will support up to 50 additional jobs.
It will house operations that had previously been run from rented premises in Queensgate, where JBM began its contract packaging business in 2021.
The new building has 28ft clear-height ceilings, dense warehouse racking and a layout intended to improve the movement of materials and completed goods.
JBM said the move lifts total machine capacity by 50%, giving it scope to handle a larger share of customers' packaging requirements, including planning, production and distribution.

#contract

Americold Realty Trust, Inc. (NYSE:COLD) completed a cold-storage joint venture with EQT's Active Core Infrastructure fund covering 12 U.S. temperature-controlled warehouses with more than $1.3 billion of gross ***** et value. EQT acquired 70% of Americold-EQT Cold Storage Partnership, while Americold Realty Trust, Inc. (NYSE:COLD) retained 30% and became the day-to-day manager.
Americold Realty Trust, Inc. (NYSE:COLD) received approximately $1.1 billion of net cash proceeds and intends to use the cash to repay outstanding consolidated debt. Based on rounded announced figures, the proceeds equal approximately 25% of the latest reported net debt of $4.4 billion. Americold Realty Trust, Inc. (NYSE:COLD) projects that the eventual debt repayment will reduce annual interest expense by approximately $46 million and lower leverage by roughly 0.75 turn.
The structure remains more complicated than a simple ***** et sale. The joint venture drew $845.5 million under mortgage financing at closing. Americold Realty Trust, Inc. (NYSE:COLD) and EQT each appoint three members to the six-person board. Americold Realty Trust, Inc. (NYSE:COLD) also has maximum net exposure of up to $70 million under a 10-year income-support arrangement if specified performance thresholds are not achieved.
Those savings should offset part of the surrendered income while improving financial flexibility and reducing refinancing pressure.
Americold Realty Trust, Inc. (NYSE:COLD) retains exposure to distributions and appreciation through the 30% ownership interest. The management role preserves operating continuity, while equal board representation provides governance influence despite the minority economic stake.

#americold #trust #NYSE #debt

AI gate automation cut dwell times to under 30 seconds while EAIGLE posted 350% year-over-year growth. CEO Amir Hoss explains how the company uses existing security cameras and computer vision to automate gate, yard and dock workflows.On site at a live facility, Hoss breaks down how EAIGLE went from a customer problem to a fully automated, paperless gate and yard operation. He also explains why the next growth phase matters for carriers, shippers and warehouse operators trying to move trucks through the yard faster.#GateAutomation #YardManagement #SupplyChainAI
EAIGLE, an automation company focused on gate-to-dock logistics, has closed a growth funding round on the heels of 350% year-over-year revenue growth, CEO and founder Amir Hoss said in an interview with FreightWaves. The company's computer vision platform reduces gate dwell times that previously ranged from 7.5 to 18 minutes down to under 30 seconds — and sometimes under one minute — by tapping into camera infrastructure that facilities already own.
The technology matters to carriers, brokers, and shippers because gate congestion and yard opacity have long been among the most stubborn inefficiencies in distribution operations. EAIGLE's system automates the full check-in and check-out process, validates bills of lading, purchase orders, appointments, and USDOT numbers in real time, and feeds clean data directly into yard management, warehouse management, and transportation management systems via APIs.
At one active facility where Hoss spoke — a site processing roughly 1,100 trucks per day across two gates and four lanes — EAIGLE replaced 18 full-time staff across three shifts with a fully unmanned, paperless operation. "We didn't validate here, we just log," Hoss recalled a security guard telling him five or six years ago, a dynamic he said rendered downstream YMS data unreliable. "It becomes garbage in and garbage out," he said.
"The bar is really high because you own that responsibility of initiating the high accuracy and complete data capture and validation for the rest of the systems in the supply chain ecosystem of each one of the operational customers."

#eaigle #amir #automation

A former employee has filed a class action lawsuit against Ceva Logistics, alleging the freight giant failed to protect highly sensitive personal information stolen during a recent cyberattack that impacted operations in Europe.
Hackers gained access to Ceva Logistics systems and data in late July, which disrupted operations at eight warehouses that provide store replenishment and e-commerce fulfillment for retailers in the Netherlands and other European countries, as FreightWaves reported. The legal action suggests that customers were not the only ones affected by the data breach.
Why It Matters: France-based Ceva is one of the largest third-party logistics providers, with more than 1,000 warehouses worldwide. Last year the company generated $18.3 billion in revenue.
Kevin Krupa, a former employee, sued Ceva Logistics late last month in U.S. District Court for the Southern District of Texas, in Houston, where Ceva's U.S. headquarters is located.
The complaint alleges that the personal information of employees, including bank account details and social security numbers, was stolen during the cyber intrusion, which never would have happened had the company taken appropriate precautions following a similar incident a year earlier.

#ceva

Symbotic (NASDAQ: SYM), a developer of autonomous warehouse robots, went public through a merger with a special purpose acquisition company (SPAC) on June 8, 2022. It started trading at $10.51 per share, closed at a record high of $87.30 on Nov. 26, 2025, but now trades at $38.
Symbotic is still a divisive stock. The bulls are impressed by its robust revenue growth, its expanding margins, and its growing backlog -- which reached $22.5 billion in its latest quarter. But the bears will warn you that it's overly dependent on Walmart (NASDAQ: WMT) and that many investors overlook that customer concentration risk.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Walmart is Symbotic's largest customer and one of its top investors. The world's largest retailer accounted for 85% of its revenue in fiscal 2025 (which ended last September), driven by a long-term contract to automate all of its U.S. regional distribution centers through 2037.
Symbotic also acquired Walmart's own robotics division in early 2025, and the two companies have been co-developing automated micro-fulfillment systems for its brick-and-mortar stores. In other words, Symbotic wouldn't exist in its current form without Walmart's support.

#NVIDIA #walmart #flashing #revenue

On August 21, Martin Marietta Materials (NYSE:MLM) completed its combination with Lhoist North America, a subsidiary of Lhoist Group and one of the country's leading producers of lime and industrial mineral products. The deal hands Martin Marietta more than 2 billion tons of high-quality limestone reserves and, according to the company, makes it the nation's leading producer of limestone products. It caps months of dealmaking that has quietly reshaped what kind of company Martin Marietta is becoming.
Lhoist North America serves steel manufacturing, infrastructure, heavy nonresidential construction and environmental solutions, markets Martin Marietta says it can now reach through a shared limestone base. Company leadership has pointed to lime's mission-critical role in steel production and water treatment, businesses that lean on Martin Marietta's expanding Specialties platform. In the second quarter, that platform delivered $152 million in revenue and $50 million in gross profit, both records, aided by the July 2025 Premier Magnesia acquisition and organic pricing gains. One example the company highlighted: its Woodville lime plant saw shipments exceed 2006 levels by 2% even as broader U.S. aggregates production stayed 25% below its prior peak, a sign of how differently lime demand behaves through a downturn.
The core aggregates business is not standing still either. Second-quarter revenue there hit $1.5 billion, up 16%, while total shipments rose 17% to 61.6 million tons on acquisitions and organic growth in the Central and West divisions. Organic shipments alone grew 2.3%, the fourth straight quarter of gains. Management raised full-year revenue guidance to a range of $7.2 billion to $7.4 billion to reflect the New Frontier Materials acquisition, while reaffirming adjusted EBITDA guidance of $2.36 billion to $2.5 billion. Data center activity in company-served markets climbed 90% year to date, warehouse construction rose 53%, and 70% of under-construction data center and manufacturing square footage sits within 55 miles of a Martin Marietta facility.
Growth has not come free. Average selling prices fell 2% on a headline basis in the second quarter, even though they rose 3.7% once adjusted for geographic mix, a gap that shows how much the picture depends on how you slice it. Reported aggregate gross profit of $418 million absorbed a $52 million noncash inventory step-up charge tied to purchase accounting, and organic cost of goods sold per ton rose 3.6%, including a 150 basis point hit from higher pass-through freight costs.

#billion

Costco did not even sell merchandise on its website until 1998, and in those days, the selection was very limited.
Sure, Costco Travel lived there, but the website was more about advertising ancillary services such as TurboTax access than about selling anything to members.
In recent years, however, Costco has offered a greatly expanded selection, and it allows members to use Instacart and Shipt to order select items directly from its warehouses.
It had also been building on that with its digital-only program, Costco Next, which lets members access items the warehouse club does not stock. It's not a new service; it has technically been around since 2017. But Costco does not promote the offering, and it's something I, and many other members, did not know about.
Now, that service has been shut down with no notice.

#website #selection #travel

Russia launched a massive bombardment across Ukraine, targeting warehouses and damaging private homes, according to local officials. Ukraine's President Volodymyr Zelenskyy is vowing retaliation, warning that Russia's airspace will be swarmed with drones to ground flights and close air traffic. "Russian airspace will effectively closing," he said. NBC's Richard Engel reports for TODAY.

#airspace #president #richard #engel

Descartes Systems Group announced Tuesday that it has acquired Extensiv, a warehouse management and fulfillment tech provider, for $120 million. The deal follows Descartes' $100 million acquisition of Tai last week.
The acquisition was funded with cash on hand.
California-based Extensiv helps 3PLs with inventory management and order fulfillment. It uses AI tools to leverage its omnichannel data and enhance decision making for warehouse operators.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, general manager of ecommerce operations at Descartes. … "Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network."
Like the addition of Tai, a TMS provider to freight brokers, the Extensiv deal deepens Descartes' reach into the logistics services provider market. It also builds out its warehousing, inventory management and ecommerce fulfillment offerings.

#management

Costco did not even sell merchandise on its website until 1998, and, in those days, the selection was very limited.
Sure, Costco Travel lived there, but the website was more about advertising ancillary services, like TurboTax access than selling anything to members
In recent years, however, Costco has a greatly expanded selection, and it allows members to use Instacart and Shipt to order select items directly from its warehouses.
It had also been building on that with its digital-only program, Costco Next, which lets members access items the warehouse club does not stock. It's not a new service; it has technically been around since 2017. But Costco does not promote the offering, and it's something I, and many other members, did not know about.
Now, that service has been shut down with no notice.

#service

Peter Lynch built an impressive track record as the fund manager for Fidelity's Magellan Fund. Under his stewardship, from 1977 to 1990, the fund beat the S&P 500 index in 11 out of the 13 years. And it produced an impressive 29% average annual return.
Fortunately, Lynch shares his wisdom in a book called One Up on Wall Street. He describes his philosophy, which is buy what you know, research the company's fundamentals, and plan to make a long-term commitment.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
With this in mind, here are two consumer goods companies that fit the bill.
Many people continue to shop at Costco Wholesale's (NASDAQ: COST) giant warehouses. If you've ever gone into one, you can usually see a crowd.

#NVIDIA #fund #flashing #years

Descartes Systems Group announced Tuesday that it has acquired Extensiv, a warehouse management and fulfillment tech provider, for $120 million. The deal follows Descartes' $100 million acquisition of Tai last week.
The acquisition was funded with cash on hand.
California-based Extensiv helps 3PLs with inventory management and order fulfillment. It uses AI tools to leverage its omnichannel data and enhance decision making for warehouse operators.
"3PLs are under constant pressure to fulfill faster, scale flexibly, and support the evolving needs of modern brands," said Mikel Richardson, general manager of ecommerce operations at Descartes. … "Extensiv strengthens that position by adding more participants, more contextually rich operational data and fulfillment intelligence to the Descartes Global Logistics Network."
Like the addition of Tai, a TMS provider to freight brokers, the Extensiv deal deepens Descartes' reach into the logistics services provider market. It also builds out its warehousing, inventory management and ecommerce fulfillment offerings.

#descartes #extensiv #provider #deal

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Back in 2023, Mark Cuban found himself seated on a warehouse floor alongside viral sensation Bobbi Althoff as a guest on The Really Good Podcast (1).
During the 58-minute interview, Althoff used her awkward yet engaging tactics to get Cuban to open up about a range of topics, from the Dallas Mavericks to Shark Tank — and even asked him for $5 million to buy a home.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold

#Gold #bobbi #really

Nvidia Corp. (NASDAQ:NVDA) just posted a quarter that would make any other chipmaker blush. On its August 26 earnings call, the company reported $96.2 billion in revenue, more than double what it made a year earlier, and said AI demand has crossed into something it calls an inflection point. But buried inside the good news sat two admissions that matter just as much: memory costs are rising faster than expected, and Nvidia is now underwriting some of its own customers' growth. Both cut against the simple growth story.
Data center revenue reached $89 billion, up 117% year over year, and the ACIE segment, which covers AI labs, cloud providers, industrial and enterprise customers outside the big hyperscalers, grew 138% year over year to $40.0 billion. Management said that segment now represents roughly half of Nvidia's data center business, a sign that governments and specialized cloud operators are becoming nearly as important as Amazon or Microsoft. Sovereign AI revenue, sold mostly through regional NeoCloud partners, grew 35% sequentially and more than tripled from a year ago, and those partners are expected to exit the year with 8 gigawatts of installed capacity, up from roughly 3 gigawatts at the end of 2025.
The bigger shift is how much of each data center dollar Nvidia now keeps for itself. Management said the revenue potential per gigawatt of capacity has climbed from $18 billion in the Hopper generation to $40 billion with the upcoming Vera Rubin platform, as Nvidia sells the CPUs, networking gear and software around its chips rather than just the chips themselves. Networking revenue hit a record, up 18% sequentially, with Spectrum-X Ethernet sales growing 2.6 times year over year. Amazon deepened its own commitment too, agreeing to deploy an additional 2 million Nvidia GPUs through the second quarter of fiscal 2029 alongside new Vera CPUs, while adopting Nvidia's Omniverse and robotics software for its warehouse fleet.
None of this looks like a company running out of runway. Nvidia returned $26 billion to shareholders in the quarter, split between $20 billion in buybacks and $6 billion in dividends, with about $99 billion still left on its repurchase authorization. Global venture funding into AI topped $400 billion in the first half of 2026 alone, with roughly 70% of that money earmarked for compute, which happens to be exactly what Nvidia sells.
Growth this fast is not free. Gross margin held at 75% this quarter, but CFO Colette Kress told investors it will bottom out at 71% to 72% in the fourth quarter as memory component costs spike, and that the size of those price increases has already exceeded the company's own expectations and is set to climb further into next year. Operating expenses are rising too, up 11% sequentially to $8.2 billion, with guidance near $9 billion for the next quarter, and inventory swelled to $31.6 billion as Nvidia stocks up ahead of the Vera Rubin launch.

#vera

With a market cap of $192.5 billion, PepsiCo, Inc. (PEP) is a global leader in the manufacture, marketing, distribution, and sale of a broad range of beverages and convenient foods. The company distributes its products through direct-store-delivery, customer warehouses, third-party networks, and e-commerce platforms, serving a wide variety of retail and foodservice customers worldwide.
Companies valued at $10 billion or more are generally classified as "large-cap" stocks, and PepsiCo fits this criterion perfectly. Its diverse portfolio includes iconic brands such as Pepsi-Cola, Frito-Lay, Quaker, Gatorade, Tropicana, and Mountain Dew, operating across seven segments spanning North America, Latin America, Europe, Africa, the Middle East, South Asia, and the Asia Pacific region.
Wu-Tang Clan Member Raekwon Is a Palantir 'OG,' Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket
Tesla Stock Could Benefit as Trump Locks Down the U.S. Power Grid
Tesla Just Killed Its Solar Roof After Years of Struggling to Scale. What It Means for TSLA Stock.

#tesla

By Dan Peleschuk and Anna Pruchnicka
KYIV, Aug 28 (Reuters) - Recent Russian air attacks have destroyed around 90% of retailers' food logistics, Kyiv's agricultural minister said on Friday, revealing the scope of Moscow's mounting attacks on Ukrainian logistics.
Both countries ‌have stepped up strikes in recent weeks on economic targets like major retailers, with Russia targeting warehouses for Ukraine's premier supermarket chains, ‌top postal service and home-goods stores.
"As of today, roughly speaking, 90% of food logistics operated by retail chains have been destroyed, but that doesn't mean Ukrainians will be left without food," farm minister Taras Vysotskyi was cited by the Ukrinform agency as saying.
His comments to reporters in Kyiv are the most frank official ****** sment of the damage Russia's escalating strikes have brought on Ukraine's increasingly fragile economy in the fifth year of war.

#minister

Aug 26 (Reuters) - A drone attack caused a massive fire that destroyed a warehouse run by Russian e-commerce ‌giant Wildberries, officials said early on Wednesday, as Ukraine ‌pushes ahead with its campaign to hurt Moscow's economy by targeting online retailers.
Two people were wounded in the overnight strike in Russia's Tambov region, its governor Evgeniy Pervyshov wrote on the MAX messaging app.
The logistics centre was "completely destroyed by fire," he said. ‌Earlier he said about ⁠100,000 square metres (1.1 million square feet) of the facility was burning, the equivalent of 14 ⁠soccer pitches.
Ukraine has been hitting Wildberries facilities since mid-July and broadened its strategy in recent days to include the retailer's main rival, Ozon.
More than 20 Wildberries and Ozon warehouses have been ‌attacked with at least 1.9 million square metres of warehouse **** e severely damaged by fire, according to Reuters **** ysis of satellite imagery.

#FIRE #ukraine

MOSCOW, Aug 24 (Reuters) - President Vladimir Putin on Monday handed the Russian state the power to take control of critically important ‌infrastructure if it is deemed to be poorly protected from ‌Ukrainian drone attacks and other threats.
The special powers, set out in a presidential decree, will allow the state to take over temporary administration of such facilities at a time when Ukraine has stepped up drone attacks on oil refineries and retail warehouses.
The state will be able to take control of physical and financial ‌assets and formal ownership rights ⁠if entities responsible for such facilities are judged to have failed in their duty to protect them and are ⁠too slow to repair them after any attack, according to the decree.
It applies to fuel, energy, industrial, communications, transport and logistics facilities and other objects regarded as critically-important for ensuring the security and economic stability of the state ‌and the population.
First Deputy Prime Minister Denis Manturov said the measure should not be viewed as a precursor to nationalisation and would not be used on a broad scale.

#state #control

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I grew up in a small business. My parents ran one, and I learned the business the way most independent owners do, from the inside, on my feet, watching the money and the mistakes up close.
I notice something whenever the subject of chains comes up with independent owners. There seem to be two main reflexes, both can lead to problems. Some wave the chains off entirely. They look at chains like they're a world apart, with different rules, and nothing to learn from a place that ships their sauce from their own warehouses. On the reverse side, there are owners who quietly envy the whole machine and start attempting to bolt pieces of it onto a twelve-table dining room. Both of these directions can be costly mistakes.
The owners who get ahead in the cutthroat business of restauranteering have made peace with a more useful idea. Chains are worth studying, but only if you know what you are trying to learn. National chains are engines built to reproduce the same experience across thousands of locations run by franchise owners who will never meet each other. Almost everything impressive about chain restaurants, and almost everything "soulless" about them, comes back to that single design goal.
Once you see it, studying them gets easier. Some will strengthen your restaurant. Others will slowly turn it into a worse version of the place down the street. Here is how I sort them.

#almost #mistakes #learn #place

MOSCOW, Aug 24 (Reuters) - President Vladimir Putin on Monday handed the Russian state the authority to take ‌control of critically-important infrastructure facilities if they are ‌deemed to be poorly protected from Ukrainian drone attacks and other threats.
The special powers, set out in a presidential decree, will allow the state to take over temporary administration of such facilities at a time when Ukraine has stepped up drone attacks ‌on oil refineries and ⁠retail warehouses.
The state will be able to take control of physical and financial ****** ets and ⁠formal ownership rights if the entities responsible for such facilities are judged to have failed in their duty to protect them and are too slow to repair them after any attack, ‌according to the decree.
It listed fuel, energy, industrial, communications, transport and logistics facilities and other objects regarded as critically-important for ensuring the security and economic stability of the state and the population as falling within the new decree's scope.
Putin ‌last week ordered the government to launch a programme to rebuild commercial warehouses damaged or destroyed by Ukraine in recent weeks.

#facilities