Core Insights - The company announced a 20% increase in its cash dividend and an additional $10 billion for its share repurchase program, indicating a strong commitment to returning value to shareholders [1][9] - Major tech firms are projected to invest at least $630 billion in AI infrastructure this year, which is expected to significantly increase demand for server and data center equipment from vendors like Dell [1][9] Company Performance - Dell forecasts annual revenue between $138 billion and $142 billion, surpassing analysts' average estimate of $125.54 billion [5][9] - The company expects annual adjusted earnings per share of $12.90, exceeding estimates of $11.59 [7][9] - In the first quarter, Dell anticipates revenue between $34.7 billion and $35.7 billion, above estimates of $29.13 billion [7][9] - Dell reported record revenue of $33.4 billion in the fourth quarter, beating estimates of $31.73 billion, with an adjusted EPS of $3.89 also exceeding the $3.53 estimate [7][9] Market Dynamics - The memory chip shortage is expected to dampen global demand for consumer electronics, including PCs, smartphones, and gaming consoles [5][9] - Companies like Dell and HP Inc. have implemented price increases to offset rising memory chip costs due to the AI infrastructure buildout [2][10] - Dell's revenue from its infrastructure solutions group, which includes storage, software, and server offerings, surged 73% to $19.60 billion, while sales from the client solutions group rose 14% to $13.49 billion [8][9] Customer Base and Growth - Dell has more than 4,000 AI server customers, including notable clients such as Elon Musk's AI startup xAI and CoreWeave [4][9] - The company expects AI server revenue to grow by 103% to approximately $50 billion in fiscal 2027 [3][9]

Wipro, HCL Tech, Tech-heavy Nasdaq ended lower on Thursday, as the world’s most valuable company, Nvidia, saw its share price decline by 5% a day after rising sharply, following its better-than-expected January quarter results and high revenue forecast for the ongoing quarter.Google-parent Additionally, the US labour department’s data showed that the number of Americans filing new applications for jobless benefits increased marginally last week and the unemployment rate appeared to hold steady this month. ...

Core Viewpoint - Biglari Capital Corp. urges shareholders to vote against the re-election of Chairman David Goebel due to significant shareholder losses during his tenure [1][2][4] Group 1: Shareholder Value Loss - Under David Goebel's leadership, JACK shareholders have lost approximately $1.8 billion in shareholder value [2] - In the last five years, JACK's value decreased by 80%, while Mr. Goebel received $1.5 million in total compensation [3] Group 2: Accountability and Change - The company has spent $5 million to defend Mr. Goebel's directorship, which is seen as a misuse of shareholder capital [3][4] - Removing Mr. Goebel could lead to meaningful discussions in the boardroom and a potential positive market reaction, signaling a shift towards accountability [5] Group 3: Financial Distress Risks - One more year of Mr. Goebel's influence could risk pushing JACK into further financial distress, as the company has already suspended dividends and closed 150-200 stores [6]

Core Viewpoint - Corcept Therapeutics is facing a class action lawsuit due to alleged misrepresentations regarding the approval process of its drug relacorilant, which has led to significant stock price declines following negative FDA feedback [4][5][6]. Group 1: Class Action Details - The class action is on behalf of investors who purchased Corcept securities between October 31, 2024, and December 31, 2025, with a deadline for filing a lead plaintiff motion set for April 21, 2026 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Company Overview - Corcept Therapeutics specializes in the discovery and development of medications for severe endocrinologic, oncologic, metabolic, and neurologic disorders, with relacorilant being a key product candidate for treating hypercortisolism [3]. Group 3: Allegations Against Corcept - The lawsuit claims that Corcept misled investors by stating that the relacorilant New Drug Application (NDA) was well-supported and nearing approval, despite known concerns from the FDA regarding clinical evidence [4]. - On December 31, 2025, Corcept disclosed that the FDA issued a Complete Response Letter (CRL) indicating that additional evidence was needed for a favorable benefit-risk assessment, resulting in a stock price drop of over 50% [5]. - A redacted copy of the CRL published by the FDA on January 30, 2026, highlighted concerns about the adequacy of clinical studies submitted, and prior warnings from the FDA about potential review issues were noted [6].

Core Viewpoint - The current stock market is experiencing widespread pessimism, particularly affecting growth stocks, recent IPOs, the crypto market, and the software industry [1]. Group 1: Company Insights - Figure Technology Solutions (FIGR) recently went public, entering a challenging market environment [1]. - The company benefits from the expertise of Gary Alexander, who has extensive experience in both Wall Street technology coverage and Silicon Valley, as well as advising seed-round startups [1]. Group 2: Industry Context - The overall sentiment in the technology sector is negative, impacting various segments including growth stocks and software companies [1].

Market Volatility and Currency Intervention - The People's Bank of China (PBOC) has reduced shorting costs to halt the Yuan's recent rally, which reached its strongest levels since mid-2023, potentially threatening the export-led recovery [2] - Analysts believe Beijing is trying to create a "slow bull" market to avoid historical boom-bust cycles in Chinese equities [2] Regional Performance and Record Highs - The Hang Seng Index (HSI) is facing its steepest monthly decline since October, down 3.2% in February, driven by concerns over AI disruption affecting traditional sectors [3][9] - Malaysia's FBM KLCI index fell over 1% to 1,722.34 points, its lowest since late January, but remains nearly 10% higher than a year ago due to growth in financial services and utilities [4] - Hyundai Motor (HYMTF) shares surged over 6% to a record high, driven by a 60 trillion won proposal for hydrogen fuel cell infrastructure in Canada and optimism surrounding its robotics division [5][9] Geopolitics and Domestic Policy - Russia has warned Britain against deploying troops to Ukraine, stating it could lead to a large-scale military confrontation [6] - A meeting between President Trump and New York City Mayor Zohran Mamdani focused on a proposal for 12,000 housing units at Sunnyside Yards, indicating potential federal-local cooperation on urban development [7] Commodities and Corporate Trends - Copper prices are rising, supported by positive global demand and industrial growth prospects, as Chinese firms seek foreign expertise for global expansion [10]

Group 1 - Foreign investors are returning to Indian stocks at the fastest pace in eight months, with nearly $2.1 billion of local shares purchased in February, indicating strong inflows since June [1][2] - The recent US trade deal has removed uncertainty for the $5.2 trillion Indian market, contributing to the positive momentum in corporate earnings and stock performance [2][3] - The MSCI India Index gained 8.1% last year, supported by local investors, despite foreign investors cutting exposure in 2025 [3] Group 2 - Indian equities have underperformed compared to the MSCI Asia Pacific Index, which surged 25% in 2025, leaving Indian valuations relatively low, trading about 4% below their five-year average price-to-earnings ratio [4] - Earnings for FTSE India Index companies rose 10% year-on-year in the December quarter, with net income climbing 13%, indicating a recovery in corporate earnings [5] - Consensus estimates suggest fiscal 2027 earnings growth of 16% for over 250 companies, supported by recovery in nominal GDP growth, private capex, and consumption [5][6] Group 3 - Financial companies are among the top picks for global investors, with increased interest in metals and capital goods sectors [6] - Some investors caution against viewing the latest inflows as the beginning of a structural bull run, as concerns over AI's impact on software and tech firms have led to significant market value losses [6] - Foreign funds' buying is partly tactical, influenced by softer US yields and emerging-market appeal, with a cautious but clear global positioning toward India [7]

Group 1 - NTT Data plans to increase its workforce in India by 5,000 employees this year, focusing on software programming, consulting, and IT support [1] - The company has seen a doubling of large IT contracts exceeding $100 million in the past year, particularly in manufacturing, logistics, and the public sector [1] - NTT Data is currently constructing four data centers in India as part of a $1.5 billion investment, with a current workforce of 40,000 in the country [2] Group 2 - The Indian data center market is attractive due to the country hosting 20% of the world's data but having less than 6% of global data center capacity [2] - Clients' technology budgets are projected to increase by 7% to 9% this year, up from 6% to 7% last year, driven by investments beyond AI [3]

Core Viewpoint - Salesforce reported strong fiscal fourth-quarter results with revenue and adjusted earnings per share exceeding analysts' expectations, alongside a $50 billion share repurchase authorization [1][2] Financial Performance - Total fiscal 2026 revenue increased by 10% year over year to $41.5 billion, with Q4 revenue growth accelerating to 10% on a constant-currency basis from 8% in the previous quarter [4] - Operating cash flow for fiscal 2026 rose by 15% to $15.0 billion, while free cash flow increased by 16% to $14.4 billion, reflecting strong cash generation capabilities [5] - Remaining performance obligations (RPO) reached $72.4 billion, up 14% year over year, with the current portion expected to be recognized over the next 12 months totaling $35.1 billion, up 16% [6] AI and Growth Drivers - The Agentforce suite, which includes autonomous AI agents, achieved $800 million in annual recurring revenue, marking a 169% year-over-year increase, indicating a positive impact from AI initiatives [7] - Despite strong RPO growth and Agentforce momentum, the company's guidance did not reflect a significant acceleration in overall growth trends [8] Guidance and Outlook - Management provided fiscal 2027 revenue guidance of $45.8 billion to $46.2 billion, implying approximately 11% growth at the midpoint, but this includes about three points from the acquisition of Informatica, suggesting underlying growth is in the high single digits [9] - For Q1 fiscal 2027, Salesforce expects revenue of $11.03 billion to $11.08 billion, representing a year-over-year increase of 12% to 13%, but this also includes contributions from Informatica [10] - Management anticipates organic revenue reacceleration in the second half of fiscal 2027, although the overall full-year guidance is viewed as disappointing [11] Valuation Considerations - The stock is currently trading at approximately 26 times earnings, reflecting expectations for high-single-digit to low-double-digit earnings-per-share growth in the coming years, which may not provide much room for error if growth slows [12][13] - Despite strong cash flow and an aggressive buyback program, the unimpressive growth outlook leads to a perception that the stock is fairly valued rather than undervalued [13]

Core Viewpoint - Nintendo is planning to unwind strategic shareholdings, which will involve companies such as MUFG Bank and the Bank of Kyoto selling shares of the company [1] Group 1 - The unwinding of shareholdings indicates a potential shift in investment strategy for Nintendo [1] - The involvement of major financial institutions like MUFG Bank and the Bank of Kyoto suggests significant market implications [1]