Friday, September 04, 2026 — $NVDA’s $13B Hugging Face bet, an explosive August jobs report, and Kushner/Witkoff heading to Moscow/Kyiv to revive peace talks are the stories that matter most.

Kushner and Witkoff are going to Russia and Ukraine to restart peace talks; Putin says a deal is possible and wants full US relations restored. Watch this—it’s the biggest geopolitical tail-risk turn if it sticks, even with Gaza ceasefire violations still flaring. Made in America: August jobs were an explosive beat on manufacturing and private hiring. KXPAYROLLS only had a 30.5% chance of +125k, so this is a good signal for growth and a bad signal for Fed rate cuts. $NVDA popped 2.7% AH to $230.45 on a $13B Hugging Face deal that keeps models open-source. Vera Rubin could be a $20B windfall next quarter, and Nvidia says cloud customers are sitting on a $2T backlog—$MSFT and $AAPL are the demand behind that number. DeepSeek’s Huawei order still leaves $NVDA doing the training. Tom Lee says $NVDA is still cheap. That’s a bad signal for $AMD and $INTC, and I’d watch $MU memory pricing and $AVGO custom silicon—open-source AI plus Nvidia’s backlog is squeezing everyone else. Volkswagen’s bo

Kushner and Witkoff are going to Russia and Ukraine to restart peace talks; Putin says a deal is possible and wants full US relations restored. Watch this—it’s the biggest geopolitical tail-risk turn