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OpenAI Builds Its Own AI Chip, Wall Street Braces for Nvidia Earnings

Market update for Wednesday August 26, 2026

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In today’s episode, Zaid covers:

OpenAI’s new Jalapeño chip and why the company says it can outperform Nvidia in certain tests

Nvidia’s massive earnings report tonight and why expectations are so high

Abercrombie’s earnings beat and Intuit’s disappointing outlook

Why LeBron James borrowed nearly $300 million against his future endorsement income

The skinny

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