President Donald Trump walks past Supreme Court Chief Justice John Roberts, Associate Justice Elena Kagan, Associate Justice Brent Kavanaugh and Associate Justice Mary Coney Barrett as he arrives for the State of the Union address during a Joint Session of Congress at the U.S. Capitol on Feb. 24, 2026, in Washington, D.C. The court ruled Friday that the president had exceeded his authority by imposing tariffs on goods from nearly every country in the world under the International Emergency Economic Powers A ...

Core Viewpoint - Nvidia continues to experience significant revenue growth, reporting its 11th consecutive quarter with revenue growth exceeding 55%, driven by strong demand for its AI chips [1][2]. Financial Performance - Nvidia's year-over-year revenue is projected to surge approximately 77% this quarter, reaching around $78 billion, marking the fastest growth rate since January 2025 [2]. - Revenue in the fourth quarter increased by 73%, surpassing estimates, following a 62% growth in the previous quarter [3]. - The data center business, which includes Nvidia's AI graphics processing units, now constitutes over 91% of total sales [3]. Product Development - The company is ramping up production of its next-generation AI system, Vera Rubin, which is expected to deliver ten times more performance per watt compared to its predecessor, Grace Blackwell [4]. - Nvidia has already shipped its first Vera Rubin samples to customers and anticipates widespread deployment among model builders and cloud providers [6]. Market Position and Competition - Nvidia's shares remained stable after an initial rise, reflecting high investor expectations, with the company valued at nearly $5 trillion due to its leadership in AI processors [8]. - Competition is emerging from Advanced Micro Devices (AMD), which plans to release its first rack-scale AI system, Helios, later this year [8]. - Major customers like Amazon and Google are developing their own in-house AI chips, posing a potential risk to Nvidia's future results [9]. Future Outlook - Nvidia expects growth this year to exceed previous projections for a $500 billion revenue opportunity between its Blackwell and Rubin systems [6]. - However, growth is anticipated to slow significantly beyond fiscal 2027, dropping from 63% this year to 30%, 11.5%, and 3% in the following three years [9]. - The company has not included any potential data center revenue from China in its forecasts due to uncertainties surrounding export controls [13][15].

Core Viewpoint - The ongoing dispute between the U.S. Defense Department and Anthropic regarding the use of AI tools is significant but not critical, according to Nvidia CEO Jensen Huang [1][4]. Group 1: Dispute Overview - The U.S. Defense Secretary has given Anthropic a deadline to relax its usage rules for AI tools or face potential loss of its government contract [2]. - If Anthropic does not comply, it may be labeled a "supply chain risk" or have the Defense Production Act invoked against it [2]. Group 2: Perspectives on the Dispute - Huang emphasized that both the Defense Department and Anthropic have valid viewpoints regarding the use of AI technology and its marketing [3]. - Anthropic is seeking assurances that its AI models will not be used for autonomous weapons or mass surveillance, while the Defense Department desires unrestricted use of the technology [3]. Group 3: Company Background and Contract - Anthropic, founded in 2021 by former OpenAI researchers, is known for its AI models called Claude and was awarded a $200 million contract with the DoD last year [4].

Core Viewpoint - Nvidia's CEO Jensen Huang believes that the market has underestimated the impact of AI on software companies, asserting that companies like ServiceNow will excel in optimizing AI tools for their services [2]. Financial Performance - Nvidia's revenue for the fiscal fourth quarter increased by 73% to $68.13 billion compared to the previous year, surpassing analysts' expectations of $66.21 billion [3]. - The company provided a positive revenue forecast for the fiscal first quarter, projecting $78 billion, plus or minus 2%, which is significantly higher than analysts' predictions of $72.6 billion [3]. Market Sentiment - There is growing investor concern regarding the sustainability of the significant spending on AI hardware, leading to fears of a potential bubble in the sector [3].

Group 1 - Software companies are expected to survive AI disruption, with the ability to merge and adapt to remain in business, although they are currently priced for perfection [2][4] - A blog post by Citrini Research sparked an AI-related sell-off in software and other sectors, discussing potential future impacts of AI on white-collar jobs and software models, which caused significant market reactions [2][3] - The market's response to AI concerns was deemed overblown, with the stock market exaggerating the potential negative impacts on enterprise software firms [3] Group 2 - Real consequences are anticipated, with software companies likely to trade at lower price-to-earnings multiples due to AI compressing pricing power and revenue growth, but this does not indicate a collapse [4] - The sell-off has negatively impacted sectors that could benefit from AI-driven productivity, such as banks, travel companies, and select retailers [5] - Nvidia's strong performance and guidance indicate high demand for AI, suggesting that AI is a significant driver of economic growth rather than destruction [5][6]

South Korea's central bank raised its key interest rate by a quarter-percentage point as expected on Thursday, in a bid to contain inflation and prevent capital outflows as the U.S. Federal Reserve gears up for more hikes.Japan's Nikkei 225 hit another record Thursday fueled by "Takaichi trade," while the broader Asia-Pacific markets climbed after tech stocks powered a Wall Street rally overnight.The Nikkei 225 rose 1.1%, to an all-time high of 59,199.31, extending its winning streak of record highs to a th ...

Google is folding in former moonshot robotics software company Intrinsic as Alphabet tries to streamline its ambitions in the space.After five and a half years developing its technology at Alphabet's "moonshot factory" X, Intrinsic became an independent Alphabet company in its "Other Bets" division in July 2021. The Google parent company announced Wednesday that it will be folded into Google itself.While hardware like robotic arms has become cheaper, programming them remains incredibly complex, often requir ...

Core Insights - Nvidia is expected to report a revenue growth of 68% year-over-year, reaching $66.2 billion, marking the 11th consecutive quarter of growth above 55% due to the AI boom [1][4][7] - Analysts project continued growth of 65% to $72.6 billion for the quarter ending in April [2] - The combined capital expenditures of major tech companies could approach $700 billion as they invest in AI infrastructure, benefiting Nvidia significantly [3] Company Performance - Nvidia's data center business is projected to grow by 70% to $60.7 billion, with approximately 90% of its revenue now coming from data center hardware [4] - The company reported a gross margin of around 75% for the current quarter, an increase from 73.5% in the previous quarter, with analysts expecting it to be slightly higher [6] Market Dynamics - A global shortage of memory due to high demand poses a potential concern for Nvidia, as memory is a critical component of its AI systems [5] - Analysts are closely monitoring Nvidia's ability to pass on rising memory costs to customers, which could impact gross margins [5][6]

Marc Benioff, chief executive officer of Salesforce Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 20, 2026.Salesforce shares slipped 3% in extended trading on Wednesday after the customer service software maker reported healthy results and boosted its long-range revenue goal, although its fiscal 2027 revenue view trailed Wall Street projections.Here's how the company did in comparison with LSEG consensus:Earnings per share: $3.81 adjusted vs. $3.04 expectedRevenue: $11. ...

Netflix CEO Ted Sarandos speaks during comedian Ricky Gervais's star unveiling ceremony on the Hollywood Walk of Fame in Los Angeles, U.S., May 30, 2025.Netflix CEO Ted Sarandos will head to the White House on Thursday for meetings on his company's efforts to acquire part of Warner Bros. Discovery as Paramount ratchets up its rival bid, Politico reported Wednesday.The reported visit is set to occur five days after President Donald Trump demanded that Netflix immediately fire former Obama administration offi ...