U.S. stock futures rose on Wednesday after closing higher on Tuesday. Futures of all the major benchmark indices were positive.He touted 53 all-time stock market highs while vowing to replace income tax with foreign tariffs and launching “Trump Accounts” to provide every American child with a tax-free investment stake in the equity markets.Meanwhile, Scott Bessent sidestepped $134 billion tariff refund questions, slamming corporate lawsuits as “ultimate welfare” following Trump's speech. The 10-year Treasur ...

Market Overview - U.S. stock futures rose on Wednesday after a positive close on Tuesday, with all major benchmark indices showing gains [1] - The Dow Jones increased by 0.14%, S&P 500 by 0.16%, Nasdaq 100 by 0.20%, and Russell 2000 by 0.42% [3] Company Performance - Workday Inc. (NASDAQ: WDAY) saw a premarket decline of 9.51% despite reporting upbeat fourth-quarter earnings, as forward guidance fell below estimates [4] - HP Inc. (NYSE: HPQ) dropped 5.16% after issuing second-quarter GAAP EPS guidance below expectations [4] - HSBC Holdings PLC (NYSE: HSBC) rose 4.43% following a 6% increase in net interest income to $34.8 billion for 2025, while also cutting 10% of its U.S.-based debt capital [4] - Nvidia Corp. (NASDAQ: NVDA) was up 0.44% with analysts expecting earnings of $1.53 per share on revenue of $65.87 billion [4] - Shell PLC (SHEL) maintains a strong price trend across all time frames, supported by a solid value score [5] Sector Insights - Consumer discretionary, information technology, and industrials sectors led the S&P 500 higher, while energy and health care stocks trended lower [6] Analyst Insights - Professor Jeremy Siegel maintains an optimistic outlook for the U.S. economy and equity markets in 2026, citing strong underlying private demand despite a softer 1.4% fourth-quarter GDP report [7] - Siegel anticipates a market rotation favoring small caps, industrials, and globally exposed companies, viewing potential energy-driven volatility as a recalibration rather than a cycle-ending shock [8]

随着有"地球最重要股票"称号的"AI芯片霸主"英伟达(NVDA.US)将在美东时间周三美股收盘后(北京时间周四晨间)公布季度业绩，一场关于AI算力投资主题 的"压力测试"也随之到来。聚焦于AI算力基础设施以及更广泛AI基建狂潮的全球投资者们正寻求证据，证明这家全球最高市值芯片巨头的利润正在紧密依托 高达6500亿美元至7000亿美元的美国四大科技巨头(hyperscalers)巨额AI资本支出预算大趋势而同步实现强劲增长预期。 与此同时，来自hyperscalers近期密集宣布将推出基于自研模式的性价比更高AI ASIC芯片的动向，也正显现出对英伟达在全球AI基建最核心领域——AI芯片 领域长期绝对主导地位构成风险的迹象。 占据标普500指数以及纳斯达克100指数高额权重(大约35%-40%)的所谓"七大科技巨头"，即"Magnificent Seven"(Mag 7)，它们包括：苹果、微软、谷歌、特 斯拉、英伟达、亚马逊以及Facebook母公司Meta Platforms，它们乃标普500指数屡创新高的核心推动力，也被华尔街顶级投资机构们视为在自互联网时代以 来最大技术变革背景下最有能力为投资者们带来巨额 ...

Overnight, we also had the January Australian CPI inflation report, which will not be a pleasant read for policymakers at the RBA. Despite the AUD standing as one of the most overstretched currencies to the upside right now, the report triggered a strong move higher versus G10 peers this morning.Headline YY CPI data rose by 3.8%, matching December’s reading and above the 3.7% median estimate, while MM data increased by 0.4%, below the 1.0% in the prior print but above consensus. The RBA’s preferred measure ...

Market Analysis by covering: US Dollar Japanese Yen, Australian Dollar US Dollar, Nasdaq 100, Gold Spot US Dollar. Read 's Market Analysis on Investing.com ...

新华财经上海2月25日电（葛佳明）当地时间2月25日（周三）美股盘后，AI芯片巨头英伟达将公布 2026财年第四财季（2025年11月1日至2026年1月31日）业绩。目前分析师普遍对英伟达财报表达了乐观 预期。 分析人士对新华财经表示，在AI泡沫争议升温之际，英伟达的财报或成为科技板块的"压力测试"。当其 业绩超预期成为市场惯性认知时，焦点正从"是否强劲"转向"能否持续"。英伟达CEO黄仁勋对AI需求强 度、供给约束以及谷歌等巨头资本开支回报率等问题的答案将成为市场判断的重点。 数据中心业务或再加速 新华财经统计发现，华尔街投行普遍预计英伟达能够在2026财年第四季度再次实现强劲的增长，并发布 乐观的业绩指引，但在近期"AI担忧"引发美股软件股集体大跌的风暴中，英伟达这份财报能否力挽狂 澜，仍是一个未知数。 分析师认为，人工智能基础设施建设需求的持续释放、下一代芯片放量出货，以及全球数据中心支出保 持扩张，共同印证了公司业绩增长动能的稳固与延续性。 从上一季度的财报看，英伟达实现季度总营收570亿美元，其中数据中心收入达到512亿美元，占比 90%，同比增长 66%。数据中心再度成为英伟达的增长来源。 转自 ...

智通财经APP获悉，随着有"地球最重要股票"称号的"AI芯片霸主"英伟达(NVDA.US)将在美东时间周三美股收盘后(北 京时间周四晨间)公布季度业绩，一场关于AI算力投资主题的"压力测试"也随之到来。聚焦于AI算力基础设施以及更广 泛AI基建狂潮的全球投资者们正寻求证据，证明这家全球最高市值芯片巨头的利润正在紧密依托高达6500亿美元至 7000亿美元的美国四大科技巨头(hyperscalers)巨额AI资本支出预算大趋势而同步实现强劲增长预期。 与此同时，来自hyperscalers近期密集宣布将推出基于自研模式的性价比更高AI ASIC芯片的动向，也正显现出对英伟达 在全球AI基建最核心领域——AI芯片领域长期绝对主导地位构成风险的迹象。 在过去三年推动美国股市迈向超级牛市轨迹之后，在纳斯达克100指数以及标普500指数中占据高权重的英伟达股价在 2026年迄今仅上涨约2%，主要因Anthropic一系列AI代理产品引发的"AI末日叙事"重创软件股以及高估值的科技巨头 们，加之超大规模云厂商们加速自研性价比更高的替代AI ASIC芯片(比如TPU)并推动多供应商策略，叠加AMD等竞争 加剧。下图为英伟达 ...

Core Viewpoint - Nvidia's upcoming fiscal fourth-quarter results and guidance for fiscal 2027 are highly anticipated, with a focus on its pricing power and gross margin performance [1][9]. Group 1: Nvidia's Market Position - Nvidia has established itself as a leader in the AI revolution, with its GPUs dominating enterprise data centers, leading to a share price increase of approximately 1,200% since the beginning of 2023 [2]. - The company has consistently exceeded Wall Street's sales and profit forecasts, indicating strong market performance [2]. Group 2: Gross Margin Importance - Gross margin is a critical metric for assessing Nvidia's fourth-quarter performance and fiscal 2027 outlook, with expectations for it to remain high [4][9]. - Nvidia's gross margin has risen from the low-to-mid 60% range to an estimated 74.8% for the fiscal fourth quarter, reflecting strong pricing power [8]. Group 3: Factors Supporting Pricing Power - Two main factors contribute to Nvidia's pricing power: superior GPU capabilities compared to competitors and a significant demand-supply imbalance in the GPU market [5][6]. - The Hopper (H100), Blackwell, and Blackwell Ultra GPUs are seen as premium products, allowing Nvidia to command higher prices [5]. Group 4: Competitive Pressures - If Nvidia's gross margin guidance for fiscal 2027 falls to the low 70% range or below, it may indicate competitive pressures from rivals like AMD, which offer cheaper and more readily available GPUs [11]. - Other major tech companies are developing their own GPUs or AI solutions, which could impact Nvidia's market share and pricing power in the future [12]. Group 5: Strategic Partnerships - Nvidia's recent expansion of a multiyear GPU agreement with Meta Platforms may alleviate some competitive concerns, but the potential easing of GPU scarcity could negatively affect its pricing power [13].

Investment Rating - The report maintains a neutral stance on Nvidia, indicating that the company is currently perceived as leaning towards OpenAI rather than maintaining a neutral position in the AI model competition [6]. Core Insights - Nvidia's stock has seen a modest increase of 7-8% over the past six months, significantly lagging behind other AI-related stocks, such as TSMC, which rose by 73%, and memory chip stocks that surged by 180-300% [5]. - The upcoming earnings report is viewed as a crucial opportunity to reshape market narratives, focusing not only on financial performance but also on narrative reconstruction [5]. - Nvidia's announcement of the full-scale production of the Rubin GPU ahead of schedule is expected to support revenue acceleration, especially in light of unclear timelines for competitors like AMD [6]. - The company is confident in maintaining a gross margin of around 70% despite rising cost pressures, which is expected to be reiterated in the upcoming earnings call [6]. - The Nvidia GTC event scheduled for March 16-19 is anticipated to be a pivotal moment for reshaping narratives around AI development, emphasizing the rapid growth in token consumption and the annual recurring revenue of AI startups [6][7]. Summary by Sections Company Overview - Nvidia focuses on the design and development of graphics processing units (GPUs) across four major markets: gaming, professional visualization, data centers, and automotive. The AI boom has overshadowed other business segments, with data center operations projected to contribute over 90% of revenue in the coming years [9]. Revenue Breakdown - Revenue by Product: - Computing and Networking: 89.0% - Graphics: 11.0% [10] - Revenue by Region: - Asia: 48.6% - Americas: 47.9% - Europe: 2.6% - Middle East and Africa: 0.8% [10] Stock Information - Stock Price (as of February 23, 2026): $191.55 - Market Capitalization: $461.263 billion - Consensus Target Price: $254.81 [12][13]

Core Insights - Treasury yields have decreased, indicating a potential shift in investor sentiment towards safer assets [1] - The US dollar has weakened, which may impact international trade and investment flows [1] Group 1: Treasury Yields - Treasury yields have inched lower, reflecting a decline in borrowing costs and potentially signaling a more cautious economic outlook [1] - The decrease in yields may attract investors seeking lower-risk investments, impacting the overall bond market [1] Group 2: US Dollar - The weakening of the US dollar could lead to increased costs for imports and affect inflation rates [1] - A weaker dollar may benefit US exporters by making their goods cheaper for foreign buyers, potentially boosting export activity [1]