Nvidia earnings, Target's profit outlook, Meta's antitrust victory and more in Morning Squawk
CNBC·2025-11-19 13:08

Group 1: AI Sector Developments - Nvidia's earnings report is highly anticipated as the company has seen a decline of over 4% this week, with shares up more than 1% in premarket trading [5] - Nvidia and Microsoft announced a partnership with AI startup Anthropic, raising its valuation to approximately $350 billion from $183 billion in September [5] - Google introduced its upgraded Gemini 3 model to compete with OpenAI's ChatGPT, while Intuit will pay OpenAI over $100 million for integrating ChatGPT into its financial products [5] Group 2: Retail Sector Updates - Target Corp. reported third-quarter revenue slightly below Wall Street expectations and reduced its full-year profit outlook, resulting in a 2% drop in shares during premarket trading [2] - Incoming CEO Michael Fiddelke emphasized the need for investments to return Target to growth, although he did not specify a timeline for positive sales [3] - Lowe's also lowered its full-year profit outlook but reported stronger-than-expected earnings per share for the third quarter, leading to a stock increase of over 6% in premarket trading [4] Group 3: Legal and Regulatory News - Meta won its antitrust case against the Federal Trade Commission, with the judge stating that Meta does not hold a monopoly in social media, citing competition from TikTok and YouTube [7][8]