| Nvidia may be the chipmaker at the heart of the artificial intelligence boom, but its massive revenue forecast still fell short of some of the more optimistic estimates. And that in turn stoked concern that its explosive growth may be slowing. Third-quarter revenue will be about $32.5 billion, the company said Wednesday, which would look like a win if you consider that analysts had predicted $31.9 billion on average. But some pinned the forecast as high as $37.9 billion. And that, in tandem with production snags of its highly anticipated Blackwell chip, weighed on the company’s shares in late trading. More broadly, the outlook could threaten to tamp down the AI frenzy that’s transformed Nvidia into the world’s second-most-valuable company. The chipmaker has been the key beneficiary of a race to upgrade data centers to handle AI software, and its sales forecasts—as is the case today—have become a barometer for that spending boom. —David E. Rovella Super Micro Computer said it will delay filing its annual financial disclosures, setting off the stock’s largest intraday decline in almost six years. The San Jose, California-based server maker requires additional time “to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting,” the company said in a filing Wednesday morning. This filing delay comes a day after short-seller Hindenburg Research released a critical report alleging “glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues.” A technical glitch prevented the US government from sharing key payroll data on time last week, according to the Labor Department, which acknowledged that staff provided the numbers to callers before the release was made public, triggering a furor across Wall Street. The episode has prompted steps to beef up data-release protocols at the Bureau of Labor Statistics, the agency responsible for releasing high-profile economic reports such as monthly jobs and inflation figures. The incident was the latest in a series of mishaps at the BLS, which has faced renewed criticism from financial firms over its handling and release of market-sensitive data. Donald Trump keeps running into trouble with the military. NPR reported his campaign aides allegedly broke rules at Arlington National Cemetery when it came to filming near the graves of recently buried service members (Trump’s staff denied it). The alleged confrontation with cemetery employees followed Trump’s recent statements questioning the importance of America’s highest military decoration for bravery in combat, the Congressional Medal of Honor, and those who have received it. Trump’s comments came while he discussed giving the Presidential Medal of Freedom, a civilian award, to a major political donor. Trump, 78, has long been assailed for remarks in which he reportedly belittled American soldiers who had been killed or captured in combat (Trump has denied making such remarks). Relatedly, the Republican’s campaign has been trying to regain traction amid Vice President Kamala Harris’s recent surge in popularity in part by criticizing aspects of her running mate’s 24 years of service in the National Guard. Senator James “JD” Vance of Ohio, Trump’s running mate, has led the attacks on Minnesota Governor Tim Walz (Vance served four years in the Marines, including six month in Iraq as a military journalist, a non-combat role). Trump however avoided serving in the Vietnam War through multiple deferments, including one tied to a diagnosis of bone spurs.  A member of the 3rd US Infantry Regiment place flags at the headstones of US military personnel buried at Arlington National Cemetery Photographer: Win McNamee/Getty Images North America The billionaire founders of the $60 billion firm Two Sigma Investments—John Overdeck and David Siegel—are stepping down from day-to-day management after feuding for years and handing control to two new co-chief executive officers. The relationship between Overdeck and Siegel had become so strained that Two Sigma identified the rift as a material risk in a March 2023 regulatory filing—an unusual move for any hedge fund, let alone one as secretive as Two Sigma. Protests in China are on the rise as the effects of a slowing economy rattle citizens and Beijing refrains from taking bolder steps to shore up growth. Cases of dissent increased 18% in the second quarter compared to the same period last year in figures documented by the China Dissent Monitor at Freedom House, a US advocacy group. The report highlights the economic challenges facing the ruling Communist Party that are threatening to morph into broader governance issues. People in China are grappling with an economic slowdown and waning confidence as a four-decade rise in living standards shows signs of stalling. A real estate crisis, trade war with the US, private sector crackdowns and costly pandemic lockdowns have all weighed on growth.  Chris Barrett, one of the top executives at one of the video game industry’s leading studios, was fired this spring after he was accused by several female employees of inappropriate behavior. Starting at Bungie Inc. in 1999, Barrett rose through the ranks as an artist and then a director on the popular Halo and Destiny franchises and served on Bungie’s board before the company was bought by Sony Group for $3.6 billion in 2022. Until last summer he was also the director of Marathon, which the studio is hoping will become its next big game franchise. But in late March, he suddenly left the company. Pavel Durov, the chief executive of Telegram, was charged in France for complicity in the spread of sexual images of children and other crimes such as drug trafficking on the messaging app. The charges against Durov paint a picture of a platform almost entirely uncooperative with authorities and include allegations he refused to help agencies run legal wiretaps on suspects, Paris prosecutors said. He faces further accusations of enabling organized criminals to carry out unlawful transactions on the platform.  Pavel Durov Photographer: Chris Ratcliffe/Bloomberg While the rest of the world is still debating what artificial intelligence might mean for jobs, citizens in the Philippines are already living in the new reality. The same relentless drive to cut labor costs that saw back-office roles shipped there in the first place is now starting to turn over some of their duties to bots. All of the major players in its vast outsourcing industry, which is forecast to cross $38 billion in revenue this year, are rushing to rollout AI tools to stay competitive and defend their business models.  Photographer: Lisa Marie David Get the Bloomberg Evening Briefing: If you were forwarded this newsletter, sign up here to receive Bloomberg’s flagship briefing in your mailbox daily. Bloomberg Screentime: The entertainment landscape is shifting rapidly. Cable empires are crumbling, streaming giants face new challenges and innovative forces are rising. Join our resident entertainment expert Lucas Shaw on Oct. 9-10 in Los Angeles for an unparalleled experience traversing the future of media. Network with industry titans, immerse in live experiences and enjoy a curated collection of local eats. Get your tickets today. Learn More. | 
