Market Overview: A Day of "Sell the News" in TechThe U.S. stock market experienced a volatile session on Thursday, February 26, 2026, as investors grappled with a "buy the rumor, sell the news" reaction to blockbuster earnings from the world’s most valuable company. Despite reporting record-breaking revenue and a stellar outlook, Nvidia (NVDA) saw its shares tumble, dragging the tech-heavy Nasdaq Composite lower and creating a ripple effect across the semiconductor and artificial intelligence sectors.As of ...

Market Overview - The VIX index is above 20, indicating increased market volatility, while the S&P 500 is at session lows with Nvidia down 5% [1] - There is significant downward movement in chip stocks, despite the IGV (iShares Expanded Tech-Software Sector ETF) showing an increase [2] Nvidia Performance - Nvidia's recent results were disappointing despite good guidance and margins, leading to skepticism about its stock valuation [2][3] - The stock's performance reflects ongoing concerns about potential inflection points in capital expenditures that are hard to predict [3] Semiconductor and Software Sector Analysis - The semiconductor sector reached an all-time high recently, but the sentiment remains negative, particularly in the software sector [4] - The software sector is viewed as uncertain, with long-duration assets facing challenges due to AI disruption risks [5] Technical Indicators - There are signs of seller exhaustion in the software sector, with a positive divergence noted in relative strength indicators [6][12] - The IGV ETF has shown some near-term rally potential, but there is caution about calling a bottom in the software market [7][10] Salesforce Insights - Salesforce has announced a $50 billion buyback, which is significant given its market cap of $180 billion, indicating confidence from management [10][11] - The stock has seen a substantial decline of 25% year-to-date, with notable divergences between software and the NASDAQ since 2001 [12] Future Outlook - The potential for a mean reversion bounce exists, but predicting the long-term impact of AI on software margins and productivity remains uncertain [12][13] - The market is in a mixed state, particularly among major tech stocks, with ongoing analysis required to gauge future trends [13]

While Nvidia's latest results were deemed "phenomenal,†a massive shift in trading flows has sent software stocks rising as investors ditch AI chip names. ...

摩根士丹利：将英伟达(NVDA.O)目标价从250美元上调至260美元， 维持"增持"评级。 本文源自：金融界AI电报 ...

分组1 - The data center sector is expected to see significant growth, with projections indicating a 70% growth rate and potential for 30% to 40% growth in the coming year [1] - NVIDIA is positioned as a dominant player in the chip market, with expectations to capture 15% to 20% of the market share over the next few years [4] - There is a competitive landscape emerging, with big tech companies attempting to develop their own chips, but NVIDIA remains a key player in sectors like autonomous robotics [6] 分组2 - Concerns exist regarding the software sector, where investors are uncertain about the potential threats posed by new entrants, despite established companies like Salesforce and Microsoft maintaining strong positions [8] - The current market sentiment appears to favor semiconductor and hardware sectors, while software stocks are experiencing a downturn, presenting potential buying opportunities for investors [9][10] - The narrative in the market is currently bearish, but this sentiment is expected to be short-lived, suggesting potential for recovery and investment opportunities in the future [14]

来源：环球市场播报 与此同时，瑞银的欧盟人工智能风险篮子指数上涨3.8%。SAP AG等软件股、WPP集团等广告公司以及 威科集团等专业出版商股收复了今年部分失地。 其他欧洲个股方面，伦敦证券交易所宣布计划回购30亿英镑（41亿美元）自家股票后，股价上涨 9.1%。英德拉信息技术股价飙升21%，此前摩根士丹利指出，这家IT公司第四季度业绩"全面超预期"。 欧洲股市有望连续第八个月上涨，该地区传统经济领域的强劲表现使其免受人工智能带来的最严重冲 击。这促使投资者将资金从美国公司转向德国、法国和英国股票。 欧洲股市周四基本持平，未能激发投资者热情的英伟达业绩促使投资者抛售高涨的芯片设备股，转而买 入因人工智能扰动担忧而遭受重创的股票。 斯托克欧洲600指数在周三创下纪录新高后，周四收盘基本持平。阿斯麦控股对指数构成最大拖累，股 价下跌4.3%，因英伟达在周三财报发布后于美股交易中走低。 ...

本文源自：金融界AI电报 伯恩斯坦：将英伟达(NVDA.O)目标价从每股275美元上调至每股300美元，维持"跑赢大盘"评级。 ...

高盛指出，尽管英伟达(NVDA.O)营收同比增长73%，且对人工智能业务前景给出乐观指引，但该股仍 下跌4.5%，拖累半导体板块及标普500指数走低。分析师称，这反映出"卖事实"行情、获利了结，以及 对超大规模云服务商人工智能资本支出可持续性的担忧。预计2026年人工智能支出将增长62%，低于 2025年的73%，但供需失衡和强劲的资产负债表仍可能推高预期。目前的数据中心需求及存储器瓶颈对 英伟达形成支撑，市场焦点正转向2027年，届时资本支出或见顶。 来源：滚动播报 ...

Core Insights - NVIDIA's shares rose by up to 3% in after-hours trading following a strong earnings report that exceeded analysts' expectations for both revenue and earnings [1] - The company provided a fiscal first-quarter 2027 revenue guidance of $78 billion, surpassing the consensus estimate of $69.25 billion, indicating robust growth prospects [9] Financial Performance - In the fourth quarter of fiscal 2026, NVIDIA's earnings exceeded consensus estimates by 6.6%, marking an 82% increase year-over-year, while revenues surpassed expectations by 4.1%, rising 73% from the previous year [4] - The data center segment generated $11 billion in revenue, driven by strong performance from Blackwell and Blackwell Ultra [5] - The Gaming segment saw significant advancements, with professional visualization revenues exceeding $1 billion for the first time, up 159% year-over-year [6] Strategic Partnerships and Innovations - NVIDIA announced a multiyear partnership with Meta for large-scale deployment of NVIDIA CPUs and GPUs, and expanded its collaboration with AWS [7] - The company introduced several new technologies, including the NVIDIA Rubin platform and NVIDIA G-SYNC Pulsar, during the fiscal fourth quarter [8] Market Outlook - Analysts project an average price target of $255.55 for NVIDIA, suggesting a potential upside of 32.5% from the last closing price of $192.85 [2] - Despite anticipated strong demand in the gaming segment, NVIDIA expects supply constraints to pose challenges in the first quarter of fiscal 2027 [9] ETF Investment Opportunities - Several ETFs with significant exposure to NVIDIA include: - Vanguard Information Technology ETF (VGT) with an 18.04% weight in NVDA and a 27.8% gain over the past year [12][13] - Strive U.S. Semiconductor ETF (SHOC) with a 19.25% weight in NVDA and an 84.2% increase over the past year [14] - VanEck Semiconductor ETF (SMH) with an 18.70% weight in NVDA and an 86.3% rise over the past year [15] - VanEck Fabless Semiconductor ETF (SMHX) with a 21.46% weight in NVDA and a 56.9% gain over the past year [16]

An index of global equity markets eased ‌after hitting a fresh record high on Thursday as concerns about lofty valuations of leading technology companies weighed on markets after artificial intelligence chipmaker Nvidia reported strong quarterly results.Shares on Wall Street and ‌in Europe ‌traded ⁠down as investors digested another blowout quarter from Nvidia, ​the world’s most valuable company, but worried about its market value even as it forecast that first-quarter revenue would come in at a whopping $7 ...