Ac t i o n | 16 Feb 2026 20:54:33 ET │ 18 pages NVIDIA Corp (NVDA.O) Preview – Investors Looking Past Earnings to GTC 2026 CITI'S TAKE NVIDIA reports Jan-Q earnings on 2/25. We model Jan-Q sales of $67B above Street $65.6B and expect Apr-Q guide of $73B vs Street $71.6B. We expect continued strong ramp of B300 with Rubin launch to drive a 34% H/H acceleration in CY2H26 sales vs 27% in CY1H26. We believe most investors are looking past the earnings to annual GTC conference in mid- March for NVIDIA to talk ab ...

Ac t i o n | Google TPU sales to grow 4x or ~$65B by FY27 — We model FY26/27 AI revenues of $63B/$102B driven by better-than-expected TPU ramps. We believe AVGO's five announced customers are Google, Meta, Bytedance, Anthropic and Fujitsu based on supply chain discussions, while its two additional engagements are with OpenAI and Apple. Gross margin dilution from Anthropic rack shipments — Given Anthropic's estimated ~$10B rack sales in 2H26 and ~$11B in 1H27 (per AVGO), which we assume ~55% gross margins, w ...

Flash | 20 Feb 2026 01:31:06 ET │ 11 pages Microsoft Corp. (MSFT.O) Investor Meeting Takeaways: Copilot Momentum + Race To Build Azure Capacity CITI'S TAKE We hosted investor meetings with Microsoft IR Jonathan Neilson and Mary Grekstas on 2/18-2/19. The meetings offered positive takeaways, with management addressing several investor concerns around competitive dynamics (Claude/CoWork), MSFT positioning post-OpenAI, capacity allocation, and capex trajectory. Commentary reinforced improving copilot adoption, ...

Billionaire entrepreneur Mark Cuban is sounding the alarm on the traditional tech industry, claiming that the era of rigid Software-as-a-Service (SaaS) is over as artificial intelligence (AI) shifts the value from building tools to personalizing them. The Death Of Rigid Software In a viral interview on the Technology Brothers (TBPN) podcast, Cuban delivered a sobering forecast for the multi-billion-dollar software sector. He argued that the era of “static” tools—where businesses must bend their workflows ...

Anthropic is leading the charge in user development of autonomous agentic systems, and its Tuesday debut of Claude Sonnet 4.6 delivered another blow to software companies. Anthropic's Sonnet 4.6 followed hot on the heels of the Claude Opus 4.6 release, creating a one-two punch that has left traditional software stocks reeling. MSFT stock is moving. See the chart and price action here. Software investors fear cannibalization: the concern that advanced AI agents, like Anthropic’s latest models, are rendering ...

Core Viewpoint - The recent decline in software stocks is viewed as a buying opportunity rather than a catastrophic event for the industry, according to Wedbush analyst Dan Ives [1][2]. Industry Overview - The current market sentiment is overly pessimistic, with fears of an impending disaster for software companies being exaggerated [3]. - Concerns about AI's impact on earnings growth, competition, and enterprise adoption have resurfaced amid the sharp market pullback, which is the worst since the "Liberation Day" crash [2]. Company Summaries Microsoft Corp. - Microsoft closed at $414.19, down over 12% year-to-date, with its future tied to Azure cloud growth and its partnership with OpenAI [8]. - Ives projects a price target of $575, believing Microsoft will be a core winner in the AI revolution [9]. Palantir Technologies, Inc. - Palantir's stock has decreased more than 16% year-to-date, closing at $139.54, as it focuses on data analytics and AI software for governments and enterprises [10]. - Ives sets a price target of $230, suggesting Palantir has the potential to reach a trillion-dollar market cap [11]. Snowflake, Inc. - Snowflake has experienced a significant sell-off, dropping over 23% year-to-date, closing at $165.29, amid increased competition in cloud-based data storage and analytics [12]. - Ives expects Snowflake to outperform with a target price of $270, emphasizing its role as a trusted layer for enterprise data [13]. Salesforce, Inc. - Salesforce is down more than 21% year-to-date, closing at $199.44, as it integrates AI tools into its customer relationship management software [14]. - Ives believes Salesforce remains well-positioned for long-term success with a price target of $375, highlighting its strong market opportunity [15]. CrowdStrike Holdings, Inc. - CrowdStrike closed at $415.36, down over 8% year-to-date, as it continues to address rising cybersecurity threats linked to AI and cloud adoption [16]. - Ives sets a price target of $600, asserting that CrowdStrike's position as a cybersecurity leader remains strong despite market challenges [18].

A year ago, the Chinese startup DeepSeek freaked out the stock market with the idea that developing artificial intelligence was much easier and cheaper than everyone imagined. But 12 months later, that’s turned out to be largely a mirage so far.DeepSeek erased a record $589 billion from Nvidia Corp.’s market value in one day after the company revealed an AI model thought to be comparable to those of OpenAI and Meta Platforms Inc. and developed at a fraction of the cost. Nvidia’s double-digit plunge led the ...

Market Overview - U.S. stock futures declined on Monday following a mixed close on Friday, with major benchmark indices showing lower futures [1] - Investors are focused on upcoming earnings reports from companies such as UnitedHealth Group, General Motors, Microsoft, Meta Platforms, Tesla, and Starbucks [1] - The Federal Open Market Committee's interest rate decision is anticipated on Wednesday [1] Treasury Yields - The 10-year Treasury bond yield is at 4.21%, while the two-year bond yield stands at 3.59% [2] - Market projections indicate a 97.2% likelihood that the Federal Reserve will keep interest rates unchanged in January [2] Index Performance - Dow Jones decreased by 0.12%, S&P 500 by 0.24%, Nasdaq 100 by 0.44%, and Russell 2000 by 0.29% [3] - SPDR S&P 500 ETF Trust (SPY) fell by 0.22% to $687.69, and Invesco QQQ Trust ETF (QQQ) declined by 0.43% to $620.04 [3] Stocks in Focus - Baker Hughes Co. reported a 3.74% increase in premarket trading after posting adjusted earnings of 78 cents per share, exceeding estimates of 67 cents [7] - Sarepta Therapeutics Inc. saw a 6.72% rise following the completion of a confirmatory trial for its PMO therapies and third-quarter results [7] - Nucor Corp. is projected to report quarterly earnings of $1.91 per share on revenue of $7.87 billion [7] - WR Berkley Corp. is expected to report earnings of $1.13 per share on revenue of $3.66 billion [15] - Brand Engagement Network Inc. surged by 221.60% due to a strategic partnership with Valio Technologies [15] Analyst Insights - Mohamed El-Erian notes a "2025 Paradox" where financial markets remain resilient despite geopolitical tensions, with U.S. economic activity appearing robust [11] - El-Erian anticipates the Federal Reserve will maintain interest rates, with a focus on corporate earnings from tech giants and political issues surrounding trade tariffs [12] - The stock market has retraced losses from geopolitical tensions, but there is a notable surge in precious metals as a counter-narrative [11] Upcoming Economic Data - Key economic data releases include durable-goods orders, consumer confidence, and the Federal Reserve's interest rate decision [17]

Market Overview - U.S. stock futures declined on Monday following a mixed close on Friday, with major benchmark indices showing lower futures [1] - Investors are focused on upcoming earnings reports from companies such as UnitedHealth Group, General Motors, Microsoft, Meta Platforms, Tesla, and Starbucks [1] - The Federal Open Market Committee's interest rate decision is anticipated on Wednesday [1] Treasury Yields - The yield on the 10-year Treasury bond is at 4.21%, while the two-year bond yield stands at 3.59% [2] - Market projections indicate a 97.2% likelihood that the Federal Reserve will keep interest rates unchanged in January [2] Index Performance - Dow Jones decreased by 0.12%, S&P 500 fell by 0.24%, Nasdaq 100 dropped by 0.44%, and Russell 2000 declined by 0.29% [3] - SPDR S&P 500 ETF Trust (SPY) was down 0.22% at $687.69, and Invesco QQQ Trust ETF (QQQ) declined 0.43% to $620.04 in premarket trading [3] Stocks in Focus - Baker Hughes Co. reported a 3.74% increase in premarket trading after posting adjusted earnings of 78 cents per share, exceeding estimates of 67 cents [7] - Sarepta Therapeutics Inc. saw a 6.72% rise after completing a trial commitment for its PMO therapies and releasing third-quarter results [7] - Nucor Corp. is projected to report quarterly earnings of $1.91 per share on revenue of $7.87 billion [7] - WR Berkley Corp. is expected to report earnings of $1.13 per share on revenue of $3.66 billion, with a weaker price trend according to Benzinga's Edge Stock Rankings [15] Analyst Insights - Mohamed El-Erian notes a "2025 Paradox" where financial markets remain resilient despite geopolitical tensions, with U.S. economic activity appearing robust [11] - El-Erian anticipates the Federal Reserve will maintain interest rates, with a focus on corporate earnings from tech giants and political issues affecting market stability [12][13] Upcoming Economic Data - Key economic reports to watch include durable-goods orders, consumer confidence data, and the Federal Reserve's interest rate decision [17]

‘The Big Short’ investor Michael Burry has issued a dire warning regarding the artificial intelligence (AI) sector, predicting a systemic collapse that not even federal intervention can prevent. Defining The Mania In a scathing post on X, Burry characterized the current AI investment frenzy as a “mania” that is mathematically destined to fail. Burry, famous for betting against the housing market before the 2008 crash, argues that the massive capital expenditures by the world's wealthiest corporations can ...