• The Tech Buzz
  • Posts
  • Nvidia Holds Up The Sky. Central Banks Buy More Gold

Nvidia Holds Up The Sky. Central Banks Buy More Gold

Sticky 3.7% PCE, Nvidia’s $442B surge, chip-tariff push, Venezuela oil talks, stalled AI regulator, copper squeeze

Author

The Tech Buzz
August 28, 2026

IN PARTNERSHIP WITH

WHAT’S INSIDE:

Feature: Nvidia Holds Up The Sky. Central Banks Buy More Gold

Top Tech News: Sticky 3.7% PCE, Nvidia’s $442B surge, chip-tariff push, Venezuela oil talks, stalled AI regulator, copper squeeze

Company Watch: Nvidia $96.2B Q2, Hugging Face + Poolside deals, Gemini finance/legal, OpenAI Jalapeño chip, CrowdStrike ARR, Moonshot cloud talks

Buzzy Tools: Apple foldable + M5 Ultra, Gemini legal/finance, Claudeforce, Plaud AI earphones, ChatGPT login tasks, Torq, AdKit MCP ads

Buzzy Tech: Flock camera probe, Gates’ “human reserved” jobs, quantum-safe BTC, Hugging Face robot duck, gas-fired AI data centers, physics-AI lab

Crypto: SEC crypto custody rewrite, StarkWare quantum-safe BTC tx, Ethereum EIP-8394, Schwab adds SOL/AVAX/LINK, Revolut EURR, Solana dashboard

IN PARTNERSHIP WITH FINANCEBUZZ

Tackle your credit card debt by paying 0% introductory interest until 2028

High-interest credit cards can make it ridiculously hard to get ahead.

But there’s a solution: transfer your balance to a credit card that offers a 0% intro APR until 2028 on balance transfers and no annual fee, which means more of your money actually goes toward paying down your balance.

It could be worth considering if you want to break that high-interest cycle.

Top Technology News

Inflation Won't Take the Hint — July PCE inflation held at 3.7%, topping forecasts and lifting Fed rate-hike odds to ~40%. Three Fed presidents voiced inflation concerns ahead of Warsh's Jackson Hole speech.

Nvidia Leads Pump — Markets rose as Nvidia added $442B Thursday, the second-largest daily gain by any stock ever. It posted $96.2B Q2 revenue, beating estimates. It guided Q3 revenue as high as $110B. One Analyst Pencils In a $13T market cap.

Washington Eyes Tariffs on Anything With a Chip Inside — The US is weighing new tariffs on chips and chip-containing devices like laptops and servers.

Trump Angles for Venezuelan Crude — The US is negotiating a major stake, possibly a 100-year lease, in Venezuela's oil fields.

Trump's FINRA-for-AI Plan Hits a Wall — Trump's FINRA-style AI regulator plan has stalled after David Sacks called it a 'horrible idea.'

Copper Follows the Money to America — Copper hit a six-month high as tariff-driven flows pulled LME warehouse stock down to just 106,950 tons.

Nvidia Holds Up The Sky. Central Banks Buy More Gold 

Tech Buzz Editorial Feature

On Thursday Nvidia added $442B in one day, the second-biggest one-day gain any stock has ever posted, and dragged the whole US market up while nearly every other sector fell. Underneath that record lies a less rosy macro setup: federal debt just passed $40T, the Treasury is buying back its own bonds to hold off a bond vigilante revolt, and Washington has turned the dollar and tariffs into economic weapons directed against… well pretty much everyone. The response tells you plenty. Central banks bought a record $22B of gold in three weeks and are choosing metal over US Treasuries, and copper just hit a six-month high.

The blowout came first. Nvidia told investors revenue would grow about 70% next year, far above the 44% Wall Street expected, and its shares jumped enough to lift the main indexes even as the tech-heavy Nasdaq rose less than 2%. At a value near $5.5T, Nvidia is the most valuable company on the planet, and its quarterly report has become the health check for the whole AI trade.

You Probably Own More NVIDIA Than You Chose To

Nvidia is so big that most investors own a slab of it without ever choosing to. A plain S&P 500 fund is often close to 8%. A tech fund can run past 20%. Lovely on the way up. Just as fast in reverse. Nvidia also holds the dubious record for the largest one-day loss in history, nearly $600B gone in a single session over fears about China's DeepSeek model. Former BlackRock portfolio manager Edward Dowd warns that the market is now 40% to 50% AI and AI-adjacent, and that much concentration always ends the same way.

Jamie Dimon Says No To Long-dated US Bonds

While Nvidia flew, Washington was busy shoring up its own books. The Treasury doubled a program to buy back its own debt, from $2B to $4B, starting September 9, and it is sitting on a cash pile close to $1T. The 30-year borrowing rate is near 5.25%, the highest since 2007. Parts of the picture look fine. Corporate profits just hit a record 13.2% of GDP, and most companies locked in cheap loans years ago. Some maintain Washington has near-limitless borrowing capacity, can print as many dollars as it wants, and controls the world's reserve currency. True enough for now, but at this size of debt pile, the giant bond buyers start to fidget. Even Jamie Dimon of JPMorgan has said he no longer wants to hold long-dated US government paper. "If you lose the bond market, bad things happen," warned Chris Martenson, founder of Peak Prosperity.

The Central Bank Revolt Hits Decade-Long High

Gold is trading near $4,600, and Goldman Sachs reckons it reaches $4,900 by year end. The buyers are not retail. Central banks bought a record $22B of gold in three weeks, the most in over a decade, and nearly every reserve manager on earth is stockpiling it. They are picking gold over US Treasuries, and the reason is trust. Once the US used the dollar as a weapon against Iran (and everyone who trades with them) through its Operation Economic Outcast sanctions, naming gold itself as a target, every unaligned country started wondering whether it was next in line. China has even set up gold exchanges in Hong Kong where you can swap yuan straight into metal.  As Chris Martenson said yesterday, "the US has just been chipping away at the trust they have, weaponizing it time and time again."

Copper Hits Six-Month High

The pull toward hard, real things runs wider than gold. Copper just hit a six-month high, with available metal in London Metal Exchange warehouses dropping to 106,950 tons. The driver here is narrower than panic. US tariff uncertainty is pulling metal toward American warehouses, and hedge funds are riding the headlines. Even so, it fits the same picture. Stuff you cannot print is getting scarce and getting bid, while paper promises wobble.

The Takeaway

So where does that leave a normal portfolio in 2025? Indexes quietly load you up on a single chip at valuations that rhyme with the dot-com peak, and try to lure retail into upcoming big AI IPOs. Or you sit in cash, the one thing almost certain to lose value as fresh dollars flood in. Or you could look at hard assets, the way the world's central banks are leaning. One fact keeps this from tipping into doom. Nvidia trades at a forward 17.9x, cheaper than AMD at 37.2x and Intel at 46.2x, and its profits actually doubled. This is not 1999 math, even if the mood sounds familiar. 

"If you lose the bond market, bad things happen."

— Chris Martenson, founder, Peak Prosperity

Latest deals and trending companies

Open Deals

Temporal Talks a $12B Number — Temporal is in talks for a $500M raise at $12B+, doubling its February mark, as AI agents lean on its workflow reliability layer to run.

Six Billion for Robot Brains — General Intuition is raising at a $6B pre-money valuation led by Valor and Point72, just weeks after a $320M round valued it at $2.3B.

Fractile's Sixfold Repricing — British chip startup Fractile is raising at $6.5B, six times its May mark, after agreeing to supply roughly $250M of chips to Anthropic.

Big Movers

Nvidia Beats, Again — Nvidia posted Q2 revenue of $96.2B, beating estimates, guided Q3 revenue as high as $110.1B. One Analyst Pencils In a $13T market cap.

Nvidia Buys the Front Door to Open-Source AI — Nvidia reportedly agreed to buy Hugging Face for $12.9 billion + Struck $6B deal for Poolside's coding models.

Google Suits Up — Google Cloud launched Gemini Enterprise for Legal and Financial Services, with Deutsche Bank and Cleary Gottlieb as early partners.

OpenAI's Own Silicon — OpenAI's Jalapeño chip beat rival systems by 1.5-1.9x performance per watt and up to 3.6x lower latency across three public models.

CrowdStrike’s 'Mythos Moment' — CrowdStrike posted A record $333M in new ARR on what its CEO called a 'Mythos moment.'

Moonshot Asks Big Cloud for a Storefront — Moonshot AI is in talks to let Microsoft, Amazon and Google host Kimi K3 for a 30% revenue share.

They Turned Down Bezos — Stealth lab, Accelerated Understanding's founders turned down a Bezos-backed offer to build a rival physics-AI scaled to 35T parameters, betting simulation beats language-only reasoning.

Buzzy Tools & Tech

The Latest Trending Tools & Cutting Edge Technology Developments

Buzzy Tools

Buzzy Tools To Watch and Try Today

Apple Fold — Sep 9 expect foldable iPhone + 18 Pro. Released Local-AI Workstation M5 Ultra Mac Studio 512GB memory

Gemini Legal/Finance — Gemini Enterprise for Legal and Financial Services

Salesforce Bets on Claude — 'Claudeforce,' embeds Claude, and raised guidance.

Note-Taker in Ear — Plaud’s $249 earphones for remote AI-agent commands

ChatGPT Learns to Log In — ChatGPT Work logs into websites without password

Browser Extension for SEO — Torq layers ChatGPT answers on Google search

Ads Kit For AI Agents — AdKit AI agents research, clone and launch ads via MCP

Buzzy Technology

Buzzy Tech Discoveries and Breakthroughs Trending Today

People vs Flock — Sen. Hawley opened a Senate probe into Flock camera network

Humans-Only — Bill Gates proposed 'Human Reserved' jobs, warning of AI injustice

Robot Duck — Hugging Face Microduck is a $399 open-source robot duck

AI With Gas Turbines — US gas-fired capacity built for data centers jumped in H1

Physics vs LLMs — Accelerated Understanding bets simulation beats language

Cryptocurrency News

The Latest News in Crypto & Blockchain

SEC Quietly Loosens Crypto's Leash — The SEC sent a crypto custody rule rewrite to the White House tagged deregulatory, targeting a formal proposal in October.

A Bitcoin Transaction That Quantum Computers Can't Crack — StarkWare demonstrated the first quantum-resistant Bitcoin transaction on mainnet.

Ethereum Starts Its Quantum Countdown — Ethereum's EIP-8394 would rebuild the deposit contract for quantum-resistant signatures, protecting roughly $104 billion in staked ETH.

Schwab Widens the Crypto Menu — Charles Schwab will add Solana, Avalanche and Chainlink to its crypto platform.

Revolut Mints Its Own Euro — Revolut is launching its EURR euro stablecoin in three EU markets, with Stripe-owned Bridge issuing it and holding the reserves.

A SOL Hoarder Builds a Scoreboard — DeFi Development Corp. launched a State of Solana dashboard as its SOL treasury hit 2.31 million tokens and holders hit a record 176.5M.

Crypto Opportunities

EAT Tops Charity Tokens — WYDE's EAT token became the largest charity coin on CoinGecko at roughly $24M market cap as the charity crypto category hit $76M.

Best Crypto Debit Cards 2026 — Coinbase Card offers up to 4% cashback, Kraken's Krak Card launched in the US August 18 paying up to 2% in BTC or USD, while Crypto.com tops rewards at 5% for staked CRO holders.

Follow Us On Social Media