HAPPY THURSDAY TO THE STREET.
Meet the S&P 6,500. The index closed above 6,500 for the first time, thanks to Nvidia’s earnings, which traders greeted as more fuel for the AI boom. It didn’t go so well for the chipmaker itself though…
🟩 | US stocks rose today. See above.
📈 | One Notable Gainer: Investors believe Snowflake $SNOW ( ▲ 20.27% ) is both unique and beautiful after the cloud storage firm smashed Q2 expectations on AI demand.
📉 | One Notable Decliner: Nvidia $NVDA ( ▼ 0.79% ) declined once again in the wake of a major earnings beat that investors wished had been even major-er.
Finally, read to the end for Nvidia’s not-so-mystery customer…
— Brooks & Cas
Sponsored by Mode Mobile
THIS STOCK JUMPED 2,900%. MOST INVESTORS MISSED IT.
While Wall Street was distracted, one startup quietly built a platform with 50M+ users and landed the #1 spot on Deloitte’s list of the Fastest-Growing Software Companies.
That company is Mode Mobile – and their stock is already up 2,900% for early investors.
By completely rethinking the $500B smartphone industry, their users have earned and saved over $325M from simply using their phones. It’s a model that’s generated $75M in revenue, and powered a jaw-dropping 32,481% growth in just 3 years.
Mode has retail deals with Walmart and Best Buy, a reserved Nasdaq ticker ($MODE), and is still offering pre-IPO shares to the public… for now.
But the last two rounds sold out fast, and space in this one is limited.
STOCK HEATMAPS
S&P 500 Heatmap. Credit: Finviz
All Stock Heatmap. Credit: Finviz
Global ADR snapshot. Credit: Finviz
Market Movers
APPLOVIN, BEST BUY, FIVE BELOW
$APP ( ▲ 4.5% ) AI Stock Averaging 185% Growth Joins Nvidia, Google On Elite List — And Pops Into Buy Range (IBD)
$BBY ( ▼ 3.7% ) Best Buy Stock Falls After Earnings Beat. Why Wall Street’s Disappointed. (Barron’s)
$FIVE ( ▲ 3.89% ) Five Below raises its full-year outlook, despite ‘ever-changing tariff environment’ (MarketWatch)
$HRL ( ▼ 13.09% ) Hormel to Raise Prices, Citing Costlier Pork, Beef and Nuts (WSJ)
$PSTG ( ▲ 32.34% ) Pure Storage stock soars more than 30% to record as Meta deal bolsters results, outlook (CNBC)
OVERHEARD ON THE STREET
CNBC: The US economy grew 3.3% in Q2, topping earlier estimates as consumer spending and domestic demand remained strong.
Reuters: The EU proposed scrapping tariffs on US industrial goods in exchange for lower American duties on European cars.
AP: President Trump fired a key transportation board member ahead of a major Union Pacific $UNP ( ▲ 0.63% ) – Norfolk Southern $NSC ( ▲ 2.0% ) merger decision.
Fortune: Dollar General’s $DG ( ▲ 0.46% ) rural delivery edge is stealing higher-income shoppers from rivals like Amazon $AMZN ( ▲ 1.08% ) and Walmart $WMT ( ▲ 0.03% ).
WSJ: Fed Governor Lisa Cook officially sued to block Trump’s attempt to remove her from the central bank.
Tomorrow's Trade Idea, Today
NOT DOTCOM — YET
AI Models Plateau
Traders took Nvidia’s earnings as a sign that AI is alive and well. But elsewhere, cracks are showing.
The industry is seeing delays and underwhelming releases, including Meta’s $META ( ▲ 0.5% ) postponed Llama 4 and OpenAI’s GPT-5 which failed to meet expectations. Even Sam Altman himself has tempered his tone, comparing the AI boom to the dotcom bubble, per The Verge.
While this slowdown might disappoint those betting on constant leaps, it could be a healthy reality check. The plateau may suggest that AI innovation, rather than crashing, is stabilizing. This could potentially give businesses much-needed time to adapt current tools, rather than chase every new, shiny innovation.
Adoption Crawl
Despite AI’s impressive abilities, most companies are barely scratching the surface of what’s possible.
Concerns about data privacy, decision-making reliability, and questionable outputs have slowed adoption. A recent MIT study found that 95% of corporate pilot projects for custom AI tools failed, with executives calling them “brittle”, and poorly aligned with workflows.
While off-the-shelf tools get wider acceptance, the leap to deeply integrated AI remains daunting. Much like the early days of the internet, the challenge is less about technology and more about rethinking operations, culture, and long-term strategies.
Long Game, Large Stakes
If AI progress slows, it could potentially encourage wider adoption by reducing the sense of chasing a moving target. Businesses will need decades to fully integrate AI into operations, just as broadband and the internet took years to reshape society.
The Wall Street Journal predicts this trend could particularly pay off for AI pick-and-shovel plays — including, it argues, Nvidia. By now, investors have a solid sample size of how tech giants like Meta and Microsoft $MSFT ( ▲ 0.57% ) respond to AI challenges: throw billions more at them.
Which category of AI stocks do you think will outperform over the next 12 months?
Sponsored by Mode Mobile
INVESTORS ARE WATCHING THIS FAST-GROWING TECH COMPANY
No, it's not Nvidia… It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.
Their EarnPhone has helped users earn and save over $325M, driving $75M+ in revenue and an eye-popping 32,481% growth. And having secured partnerships with Walmart and Best Buy, Mode’s not stopping there…
Like Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source. The difference is that you still have a chance to invest in Mode’s pre-IPO offering before the window closes.
They’ve just been granted the stock ticker $MODE by the Nasdaq and over 50,000 investors participated in their previously sold out offering at $0.30/share.
ON OUR RADAR
Fortune: Nvidia is expanding its data center networking business to secure growth beyond reliance on mega AI campuses.
CNN: American Bitcoin, backed by Eric and Donald Trump Jr., plans to start trading on Nasdaq in September.
Reuters: Intel $INTC ( ▲ 0.32% ) said it received a $6B US grant, but the White House insisted negotiations remain ongoing.
BI: Meta is pushing to release its new Llama 4.X AI model by year-end after earlier versions underperformed.
Forbes: Here are the most valuable NFL teams — with each of the 32 worth over $7B on average.
STREET TWEET
Nvidia, $NVDA, has reported that a single customer accounted for 23% of its total quarterly revenue of $46.7 billion, per Bloomberg
— #unusual_whales (#@unusual_whales)
4:22 PM • Aug 28, 2025
Sounds sustainable.
One customer = 23% of Nvidia’s revenue. That’s nearly $11 billion from a single buyer.
The company didn’t name names, but X thinks they’ve cracked the code. Hint: rhymes with “Felon Tusk.”
WEDNESDAY’S POLL RESULTS
Are you bullish or bearish on VF Corp $VFC ( ▼ 0.27% ) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “A turnaround may well be in the cards; or the shoelaces, as the lace may be.”
🐻 Bearish — “Maybe, maybe not, but I’m not chancing it ”
Disclaimers
Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
Current and historical share price(s) set by Mode Mobile.
In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Mode Mobile has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained here: https://www.sec.gov/Archives/edgar/data/1748441/000164117225025402/ex99.pdf
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