Core Insights - Maverick Capital Ltd. established long positions in Google C, Applied Materials, Boston Scientific, Visa, and Camden Property during the fourth quarter [1] - The firm increased its holdings in TSMC, NVIDIA, GFL Environment, and Carvana [1] - Maverick Capital completely exited positions in Kenvue, US Bancorp, AMD, Danaher, and Insmed [1] - The company reduced its stakes in Nubank, Disney, Merit Medical, Acadia Health, and Sherwin-Williams [1] - The firm maintains significant positions in NVIDIA, Microsoft, Amazon, TSMC, and Google C [1]

Group 1 - Tether announced a strategic investment in Supreme Liquid Labs, the operator of Dreamcash [1] - Tether is collaborating with Selini Capital to launch the first HIP-3 RWA perpetual contract market based on USDT0 on Hyperliquid [1] - The market currently offers contracts for USA500 (S&P 500), gold, silver, and 10 other assets including Tesla, Nvidia, Google, Amazon, Meta, Robinhood, Intel, and Microsoft [1]

Market - US stock market closed mixed on February 14, with all three major indices recording weekly declines. The Dow Jones, Nasdaq, and S&P 500 fell by 1.23%, 2.1%, and 1.39% respectively, as investors weighed the impact of artificial intelligence across various industries and noted that the core CPI for January hit a nearly five-year low [2][4]. - In the top 20 stocks by trading volume, Applied Materials surged by 8.08% after providing a strong revenue forecast, while Nvidia dropped by 2.23% due to procurement issues from Samsung and SK Hynix [3][46]. - Popular Chinese stocks showed mixed performance, with Alibaba down by 2.05% and Tencent Music up by 4.52%. The Nasdaq Golden Dragon China Index fell by 0.1% [4][47]. Company - SpaceX is considering a dual-class share structure for its upcoming IPO to maintain Elon Musk's control, similar to a previous strategy used for Tesla. The company, which recently acquired AI startup xAI, is expected to have a valuation exceeding $1.5 trillion [19][43]. - OpenAI has been selected to participate in a US military challenge to develop voice-controlled drone swarm software, collaborating with two defense tech firms. This initiative is part of a $100 million challenge announced by the Department of Defense [20][43]. - Goldman Sachs launched a new stock basket aimed at companies that are less likely to be replaced by AI, betting on firms that require physical execution or are protected by regulatory barriers [22][43]. - Castle Investment's three flagship funds saw a 22% decline in net profits, attributed to high employee compensation costs amid a competitive talent market, despite a 4% increase in operational costs [23][43]. - The US has eased energy sanctions on Venezuela, allowing companies like Chevron and BP to operate in the oil and gas sector, which could lead to new investments [24][43]. - Meta plans to add facial recognition technology to its smart glasses, allowing users to identify people through an AI assistant, despite previous concerns over privacy and ethical implications [27][43].

Market Overview - The U.S. stock market is showing resilience, with major indexes trending higher due to a positive inflation report suggesting the Federal Reserve's restrictive policy may be nearing its end [1] - Major market indexes are largely in the green, with the S&P 500 trading between 6,500 and 7,000, the Dow Jones Industrial Average gaining over 150 points, and the Nasdaq Composite up approximately 0.4% [2] Inflation Data - The January Consumer Price Index (CPI) showed a month-over-month increase of just 0.2%, below the consensus estimate of 0.3%, and a year-over-year CPI of 2.4%, the lowest since early 2024 [3] - This "muted" inflation reading has led traders to price in a higher probability of a rate cut in the second quarter, benefiting growth-oriented equities [3] AI Capital Expenditure Trends - The combined AI-related capital expenditure for Alphabet, Amazon, Microsoft, and Meta Platforms is expected to exceed $650 billion in 2026, reflecting confidence in long-term AI demand but raising concerns about near-term free cash flow [4] - Amazon is expected to generate significant cash flow, but most is being reinvested into data centers and GPUs, limiting buybacks or dividends [5] - Microsoft is experiencing slight margin pressure due to costs associated with Azure AI workloads, while Nvidia benefits as a primary supplier of hardware for these infrastructure projects [5] Corporate Earnings and News - Restaurant Brands International reported an 8% organic growth in adjusted operating income for full-year 2025 [6] - Apple is adjusting its supply chain in India to mitigate potential tariff impacts [7] - Tesla projects vehicle delivery growth of 47% to 59% for the 2026 fiscal year [7] - Baxter International shares are under pressure following an earnings miss and cautious forward guidance [7] - Advance Auto Parts reported steady performance in a challenging retail environment [7] Upcoming Market Events - U.S. markets will be closed on February 16th for President's Day, with focus shifting to the December Personal Consumption Expenditures (PCE) price index upon resumption of trading [8]

Market Overview - Stocks are higher due to cooler than expected inflation data, although there has been a recent sell-off [1][2] - The Nasdaq composite and S&P 500 are up, with real estate, healthcare, and utilities leading the gains as investors rotate away from tech [2] - Walmart reached an all-time high, while Visa, Nvidia, and Apple saw declines [3] Inflation and Economic Indicators - January's consumer price index (CPI) showed slower inflation, the lowest since May, with improvements in food and energy prices [6][7] - Services inflation remains high, indicating persistent inflationary pressures [7][22] - The unemployment rate dropped to 4.3%, with job growth concentrated in healthcare and social assistance sectors [9][10] Federal Reserve Outlook - Chicago Fed President Austin Goulby emphasizes the need for more progress on inflation before considering further rate cuts [28][29] - Core inflation is projected to remain around 3%, which is above the Fed's target [30][31] - The Fed is cautious about making premature rate cuts, focusing on actual inflation and employment data [21][26] Sector Performance - Semiconductor and software stocks are showing mixed performance after a recent sell-off [4][5] - Defensive sectors like consumer staples and utilities are gaining traction as investors seek stability amid market volatility [57] - AI disruption fears are impacting various industries, including transportation and real estate, as companies adapt to new technologies [51][52] Company Highlights - Rivian reported better-than-expected Q4 results, achieving its first annual gross profit and strong guidance for future vehicle deliveries [63][64] - Applied Materials, a major supplier of chipmaking equipment, has seen significant stock gains due to increased demand driven by AI investments [70][71] - American Superconductor is focusing on enhancing grid reliability and power quality to meet rising electricity demands [81][82]

U.S. equity markets extended their slide on Friday, February 13, 2026, as a deepening sell-off in the technology sector overshadowed a surprisingly cool inflation report. Despite data showing that price pressures are easing faster than economists anticipated, investor anxiety regarding the long-term profitability of artificial intelligence (AI) and a significant technical setback for the world’s largest company sent major indexes into the red for a second consecutive session.Major Market Indexes Performance ...

Core Insights - NVIDIA Corporation has become the world's most valuable company with a market capitalization of approximately $4.5 trillion, a significant increase from around $0.5 billion at its IPO [1] - NVIDIA's shares have surged 427,191.5% since inception, driven by the demand for its GPUs, which are essential for AI training and data centers [2] - Micron Technology and Palantir Technologies have also seen substantial gains, with stock increases of 405.9% and 412.6% respectively, outpacing NVIDIA's growth of 153% over the past two years [3] NVIDIA - NVIDIA's growth is primarily attributed to its GPUs becoming the backbone of AI technology, particularly with the demand for chips based on its Blackwell architecture [2] - The company has experienced strong quarter-over-quarter growth in sales and profits due to relentless demand for its products [2] Micron Technology - Micron has gained attention due to the rising demand for its high-bandwidth memory (HBM) chips, driven by AI expansion [5] - The company expects fiscal Q2 2026 revenues to be between $18.3 billion and $19.1 billion, an increase from $13.64 billion in Q1 2026 [6] - Micron's expected earnings growth rate for the current year is 300.7%, supported by sustained demand for HBM chips despite supply constraints [7] Palantir Technologies - Palantir is experiencing growth due to its competitive edge and the popularity of its Artificial Intelligence Platform (AIP), which has seen robust demand among U.S. commercial clients and government agencies [9][10] - The U.S. commercial segment revenues increased by 137% year over year, reaching $507 million in Q4 2025, while government revenues rose 66% year over year to $570 million [10] - Palantir anticipates full-year 2026 revenues to exceed $7.182 billion, more than doubling from $3.320 billion in 2025, supported by a remaining deal value of $4.38 billion [11]

Core Viewpoint - NVIDIA Corporation (NVDA) is currently positioned as a stronger investment compared to Super Micro Computer, Inc. (SMCI) due to its superior profitability metrics and robust demand for its AI chips, despite both companies benefiting from the AI infrastructure boom [1][12]. Group 1: NVIDIA's Performance - NVIDIA's revenues surged 62% year over year and 22% sequentially to $57 billion in the fiscal third quarter of 2026, with expectations for the fiscal fourth quarter to reach nearly $65 billion, plus or minus 2% [2][8]. - The company's gross margin increased to 73.4% in fiscal third-quarter 2026 from 72.4% in the previous quarter, indicating strong profitability [6][8]. - NVIDIA's return on equity (ROE) stands at an impressive 99.2%, showcasing its effective management and profitability compared to competitors [7][8]. Group 2: Supermicro's Performance - Supermicro's fiscal second-quarter 2026 sales climbed 123% year over year to $12.7 billion, significantly exceeding analysts' expectations of $10.4 billion [3][4]. - However, Supermicro's gross margins fell to 6.3% in fiscal second-quarter 2026 from 11.8% in the same quarter last year, indicating challenges in profitability [6][10]. - The company has a debt-to-equity ratio of 66.9%, which is considerably higher than NVIDIA's 6.3%, suggesting greater financial risk [10]. Group 3: Market Dynamics - The thawing trade tensions between the United States and China are expected to support NVIDIA's sales, as the U.S. government has approved the shipment of NVIDIA's H200 AI chips to China [2]. - Supermicro is scaling its AI server and storage capabilities, with its Data Center Building Block Solutions (DCBBS) gaining traction among AI clients [4][5].

Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to reinvent customer experiences across the company [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, representing a significant shift in the global economy driven by AI innovation [2] - Major firms like PwC and McKinsey acknowledge the multi-trillion-dollar potential of AI, suggesting a broad consensus on its economic impact [3] Company and Industry Analysis - A breakthrough in AI technology is redefining work, learning, and creativity, leading to increased interest from hedge funds and top investors [4] - There is speculation about an under-owned company that may play a crucial role in the AI revolution, with its technology posing a threat to competitors [4] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a significant advancement with the potential for substantial social benefits [8] Market Trends - The AI ecosystem is expected to reshape how businesses, governments, and consumers operate globally, indicating a paradigm shift in various sectors [2] - The investment landscape is becoming increasingly competitive, with major tech companies like Tesla, Nvidia, Alphabet, and Microsoft being closely watched, while a smaller company is suggested to have greater potential [6]

Core Insights - Nvidia's stock fell nearly 3% while AMD's stock rose close to 1% following comments from Arista Networks' CEO about a shift in deployment preferences towards AMD [1][2] - Arista Networks reported that approximately 20% to 25% of its deployments are now utilizing AMD as the preferred accelerator, a significant change from a year ago when it was predominantly Nvidia [2] - Nvidia currently holds about 90% of the AI chip market, but faces increasing competition from AMD and Google, which is gaining traction with its tensor processing units [3] Company Developments - Arista Networks plays a crucial role in AI infrastructure by providing Ethernet switching technology that connects powerful chips [4] - AMD has partnered with Arista to create customized AI clusters for training and inference, indicating a strategic collaboration in the AI space [4] - Nvidia has reduced its reliance on Arista's technology by developing its own networking solutions, which has impacted Arista's stock negatively [5] Market Dynamics - Nvidia's launch of the Spectrum-X Ethernet platform in 2023 has contributed to a decline in Arista's stock value, which lost more than half its value following this development [6] - Despite the challenges, Arista's stock rebounded with a 19% increase last year and is currently up 6% in 2026 [6] - Analysts note that while Arista's diversification is necessary, being integrated with Nvidia has historically been beneficial for the company [6]