每经编辑｜张明双 王晓波 1 隔夜市场 美股三大指数集体收跌，道指跌0.54%，纳指跌0.31%，标普500指数跌0.28%，大型科技股多数收跌，苹果、奈飞、英特尔跌超1%，微软、谷歌、英伟达 小幅下跌；亚马逊、特斯拉、Meta小幅上涨。中概股多数下跌，纳斯达克中国金龙指数跌0.35%，霸王茶姬跌逾2%，百胜中国、奇富科技跌超1%，禾赛科 技涨超2%，华住集团涨逾1%。 国际油价集体大涨，美油主力合约涨2.49%，报66.67美元/桶；布油主力合约涨2.25%，报71.93美元/桶。 国际贵金属期货普遍收涨，COMEX黄金期货涨0.12%，报5015.50美元/盎司；COMEX白银期货涨1.09%，报78.44美元/盎司。 欧洲三大股指收盘多数下跌，德国DAX指数跌0.93%报25043.57点，法国CAC40指数持平报8429.03点，英国富时100指数跌0.55%报10627.04点。 2 国务院安委会对湖北宜城烟花爆竹爆燃事故查处挂牌督办 据央视新闻2月19日报道，2月18日，湖北省襄阳市宜城市郑集镇一烟花爆竹零售店发生一起爆燃事故，造成12人死亡。根据《重大事故查处挂牌督办办 法》，国务院安委会决定对 ...

The S&P 500 (SNPINDEX:^GSPC) fell 0.28% to 6,861.89, breaking a three-day winning streak. Geopolitical tensions and weaker confidence weighed on the Nasdaq Composite (NASDAQINDEX:^IXIC), which slipped 0.31% to 22,682.73, and the Dow Jones Industrial Average (DJINDICES:^DJI), which dropped 0.54% to 49,395.16. Market movers Walmart (NASDAQ:WMT) fell after issuing weaker-than-expected guidance. This put pressure on Dow futures and retail peers. DoorDash (NASDAQ:DASH) and Medical Properties Trust (NYSE:MPT) ...

3 Reasons NVIDIA Will Crush Earnings on February 25th - 24/7 Wall St.[S&P 5006,860.40 -0.29%][Dow Jones49,369.00 -0.58%][Nasdaq 10024,783.80 -0.41%][Russell 20002,662.38 +0.15%][FTSE 10010,680.90 -0.27%][Nikkei 22557,090.50 -0.79%][Live: Newmont Corporation Reports After the Bell][Investing]# 3 Reasons NVIDIA Will Crush Earnings on February 25th### Quick ReadNVIDIA (NVDA) reports Q4 results February 25 with $65B revenue expected. China data center revenue remains at zero.NVIDIA has $350B in Blackwell and Ru ...

Core Viewpoint - U.S. equity markets faced volatility as resilient labor market data contrasted with a cautious outlook from Walmart, leading to concerns over consumer spending and geopolitical tensions impacting risk appetite [1]. Major Market Indexes Performance Recap - Major benchmarks ended in negative territory, with the S&P 500 declining 0.28% to 6,861.89, the Nasdaq Composite slipping 0.31% to 22,682.73, and the Dow Jones Industrial Average falling 267 points, or 0.54%, to close at 49,395.16 [2]. Small-Cap vs. Large-Cap Performance - The small-cap Russell 2000 managed a late-day recovery, finishing up 0.25%, indicating that smaller domestic-focused firms found support despite headwinds faced by larger retail and tech companies [3]. Economic Data Insights - Initial jobless claims fell to 206,000, significantly lower than the projected 223,000, marking the lowest level since early January, complicating the Federal Reserve's interest rate cut path [4]. - The U.S. trade deficit unexpectedly widened to -$70.3 billion in December, exceeding the forecasted -$56 billion, while the Philadelphia Fed Manufacturing Index rose to 16.3 in February from 12.6 the previous month, indicating strength in the industrial sector [5]. Corporate News and Stock Movements - Walmart reported better-than-expected fourth-quarter earnings and revenue but saw its stock fall 1.4% due to a disappointing profit forecast, overshadowing a $30 billion share buyback announcement [6]. - Deere & Company shares surged 11.6% after reporting higher-than-expected quarterly profits and raising full-year net income guidance to $4.5 billion to $5.0 billion [7]. - Etsy's stock increased by 21.2% following a significant earnings beat, while Booking Holdings dropped 7.1% amid competition concerns [8]. - Other notable stock movements included Occidental Petroleum rising 9.4%, Blue Owl Capital falling 5.9%, Robinhood Markets tumbling 11.3%, and Nvidia edging higher due to a partnership with Meta Platforms [8]. Upcoming Market Events - Investors are focused on upcoming corporate reports from Newmont Corp. and Consolidated Edison, as well as monitoring Live Nation Entertainment, Texas Roadhouse, and Sprouts Farmers Market for insights into consumer spending [9]. - Nvidia's earnings report is highly anticipated on February 25th, with geopolitical developments in Iran supporting oil prices, which rose 2.6% to $66.71 per barrel [10].

Core Viewpoint - The upcoming earnings reports are anticipated to provide a significant boost to the S&P 500, potentially influencing market trends positively [1] Group 1: Earnings Reports Impact - A large number of companies are set to release their earnings next week, which could be crucial for the S&P 500's performance [1] - Analysts are closely monitoring these reports to gauge the overall health of the economy and corporate profitability [1] Group 2: Market Expectations - There is a general expectation that strong earnings could lead to a rally in the stock market, particularly for the S&P 500 index [1] - Investors are looking for signs of resilience in corporate earnings amidst economic uncertainties [1]

Core Viewpoint - Comfort Systems, an HVAC and plumbing contractor, has outperformed Nvidia in stock market returns over the past five years, with its shares increasing by more than 2,000% [1]. Company Performance - Comfort Systems has seen its stock price surge over 2,000% in the last five years, making it the best performer in the S&P 500, surpassing even Nvidia, a leading artificial intelligence chip maker [1].

Core Viewpoint - NVIDIA Corporation has completely exited its position in Recursion Pharmaceuticals, which has led to mixed reactions in the market, with some investors seeing opportunity while others reacted negatively to the news [1][2][3]. Group 1: NVIDIA's Actions - NVIDIA held 7.71 million shares of Recursion Pharmaceuticals at the end of Q3 2025, which was a small part of its AI portfolio [2]. - Following the disclosure of its exit, NVIDIA's stock experienced a drop of up to 14% during the trading session, but later recovered to close nearly 2% higher [2]. Group 2: Market Reactions - Despite NVIDIA's exit, ARK Invest, led by Cathie Wood, purchased 1.25 million shares of Recursion across two ETFs, indicating a contrasting investment strategy [3]. - The market has shown little patience with Recursion Pharmaceuticals, as its stock has fallen 66.1% over the past 52 weeks and 27.6% over the last six months [6]. Group 3: Recursion Pharmaceuticals Overview - Recursion Pharmaceuticals is a clinical-stage biotechnology company focused on drug discovery, with a market capitalization of approximately $1.8 billion [5]. - The company reported Q3 fiscal 2025 results showing revenue of $5.2 million, which represents an 80.2% year-over-year decline and is significantly below analyst expectations of $16.98 million [9]. Group 4: Valuation Insights - Recursion's stock is currently trading at 29.82 times sales, which is above the industry average, indicating a premium valuation [8].

Nvidia (NVDA) rarely missteps. But this time, the chip giant made a big mistake, namely, missing a key headline moment in one of the world’s fastest-growing AI markets. However, when it comes to behind-the-scenes moves, something big is brewing. Nvidia CEO Jensen Huang missed the India AI Impact Summit in New Delhi, citing “unforeseen circumstances.” The optics were not great. The event was big, with Prime Minister Narendra Modi making a key speech at an event touted as the harbinger of India’s artifici ...

Group 1 - Nvidia has invested approximately $7.9 billion in Intel, acquiring 214,776,632 shares, indicating confidence in Intel's recovery strategy for the AI sector [1] - Intel's stock has increased by 21% year-to-date, outperforming the S&P 500 Index, suggesting positive market sentiment [2] - Intel is valued at $227 billion and focuses on semiconductor chip design and manufacturing for PCs, data centers, and AI systems [4] Group 2 - Intel's management highlighted that the primary issue is constrained supply rather than weak demand, with strong demand noted across various sectors [4] - The company reported total revenue of $52.9 billion in 2025, remaining flat year-over-year, but achieved a profit of $0.42 per share compared to a loss of $0.13 in 2024 [4] - Nvidia's deeper integration with Intel enhances its ecosystem, particularly with Intel's development of a custom Xeon integrated with Nvidia's NVLink technology [5] Group 3 - Intel is prioritizing long-term stability over short-term aggressive growth, focusing on improving yields and capital allocation while delaying spending on new nodes [6] - This strategic approach positions Intel as a reliable long-term partner for Nvidia in advanced manufacturing and AI infrastructure [6]

Group 1 - OpenAI is in the process of finalizing a funding round that could potentially raise over $100 billion [1] - This funding round is expected to positively impact AI-related stocks, particularly those of Oracle, CoreWeave, and Nvidia [1]