Well, welcome back. Now, a look where markets ended the week after we did get some key economic data on Friday, giving us the first read on fourth quarter GDP, coming in at 1.4%. That was far below the range of expectations, which called for growth of 3%.But remember, we had a 43-day government shutdown during the quarter. We also got the Federal Reserve's preferred measure of inflation. The December PCE index came in slightly hotter than expected at up 4/10en of a percent compared to expectations of 310en ...

Bitcoin’s price fell 3% on Monday to just under $65,000 after $434 million in long positions were liquidated amid fresh market uncertainty. The losses followed signals from White House officials on Sunday that indicated that previously negotiated trade agreements would remain intact, despite a Supreme Court decision invalidating US President Donald Trump’s use of emergency powers to impose global tariffs. In a social media post on Saturday, Trump said he’d raise the global tariff rate from 10% to 15%, j ...

High-profile billionaire money managers are selling shares of artificial intelligence (AI) titan Nvidia -- and profit-taking may not tell the whole story.You might not realize it, but one of the most important data releases of the entire quarter took place last week. Feb. 17 marked the filing deadline for institutional investors with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission (SEC).A 13F provides a concise snapshot of the stocks Wall Street' ...

Mostly a narrative that we can see out there is a weaker dollar right across the board and with some of the Asian currencies performing strongly, but not just those over here, but also European currencies too. Secondary. We've got futures lower again for US stocks today, and I think that that gives you that sort of impression that all of this is creating just a real sense of uncertainty at the moment.What is Trump going to do exactly. He's changing his mind every 5 minutes. That's not very good for long ter ...

The S&P 500 (SNPINDEX: ^GSPC) is the benchmark for the U.S. stock market. It has advanced less than 1% year to date. The MSCI ACWI ex U.S. Index is a benchmark for the global stock market (excluding U.S. equities). It has returned 10% year to date. The S&P 500 has not lagged the MSCI ACWI ex US Index by such a wide margin at this point in any year since 1995, according to Kevin Gordon, head of macro research and strategy at Charles Schwab. Will AI create the world's first trillionaire? Our team just rele ...

Core Viewpoint - The upcoming financial reports from Nvidia and Salesforce are anticipated to provide critical insights into the current state of the AI revolution and its implications for the stock market, particularly for SaaS stocks and AI-related technologies [2][13]. Nvidia - Nvidia has experienced a remarkable stock increase of 1,200% since early 2023, driven by the demand for its GPUs, which are essential for running AI models in data centers [4]. - The company's third-quarter revenue reached $57 billion, marking a 62% year-over-year increase and a 22% quarter-over-quarter increase, with diluted EPS rising 67% to $1.30 [5]. - Nvidia's management forecasts record revenue of $65 billion for Q4, representing a 65% growth, with adjusted EPS expected to be $1.45, an increase of 63% [5]. - Nvidia constitutes approximately 7.4% of the S&P 500, indicating that its performance can significantly influence the index's movement [6]. Salesforce - Salesforce's stock has declined by 30% since the start of 2026 due to fears that advancements in AI could diminish demand for its SaaS offerings [8]. - For its fiscal 2026 third quarter, Salesforce reported revenue of $10.3 billion, a 9% year-over-year increase, and EPS of $2.20, up 38% [9]. - The company's remaining performance obligation (RPO) grew 12% to $59.5 billion, suggesting strong future demand as RPO growth outpaces revenue growth [9]. - Salesforce is forecasting Q4 revenue of $11.2 billion, indicating an 11% growth, although heavy investments in AI-related tools are expected to reduce EPS by 15% [10]. - Despite its small weighting of 0.28% in the S&P 500, Salesforce's results are viewed as a bellwether for the overall SaaS market [11]. Market Sentiment - There is a prevailing concern among investors regarding the potential decline of SaaS stocks due to AI advancements, termed the "SaaSpocalyse" [8]. - However, Nvidia's CEO Jensen Huang suggests that fears of AI replacing existing software solutions may be exaggerated, arguing that AI will likely enhance rather than replace current software offerings [14].

公司本次向特定对象发行股票事项尚需通过深交所审核，并获得中国证券监督管理委员会(以下简称"中 国证监会")同意注册后方可实施。最终能否通过深交所审核并获得中国证监会同意注册的决定及时间尚 存在不确定性。 格隆汇2月23日丨通富微电(002156.SZ)公布，公司于近日收到深圳证券交易所(以下简称"深交所")出具 的《关于受理通富微电子股份有限公司向特定对象发行股票申请文件的通知》(深证上审〔2026〕34 号)。深交所根据相关规定对公司报送的向特定对象发行股票的申请文件进行了核对，认为申请文件齐 备，决定予以受理。 ...

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Insights - The company has launched an equity incentive plan aimed at reducing costs and increasing efficiency, which is expected to accelerate performance release [1] - The demand for FPGA chips is surging due to their applications in various fields such as artificial intelligence, 5G communication, and aerospace, with the market for satellites in China projected to exceed 2 trillion yuan [2] - The company is recognized as a leading player in the domestic FPGA sector, actively developing advanced products and expanding its market presence [2] - The company has diversified its product lines, including RFID chips, non-volatile memory, and low-power MCUs, which are expected to contribute to sustained revenue growth [3] Financial Summary - The company forecasts revenue growth from 3.59 billion yuan in 2024 to 5.90 billion yuan in 2027, with a compound annual growth rate of approximately 23.78% [6] - The net profit is projected to decline significantly in 2025 to 232 million yuan, before rebounding to 1.30 billion yuan by 2027 [6] - The earnings per share (EPS) is expected to increase from 0.70 yuan in 2024 to 1.57 yuan in 2027, reflecting a positive long-term outlook [6]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Insights - The company has launched an equity incentive plan aimed at reducing costs and increasing efficiency, which is expected to accelerate performance release [1] - The demand for FPGA chips is surging due to their applications in various fields such as artificial intelligence, 5G communication, and aerospace, with the market for satellites in China projected to exceed 2 trillion yuan [2] - The company is recognized as a leading player in the domestic FPGA sector, actively developing advanced products and expanding its market presence [2] - The company has diversified its product lines, including RFID chips, non-volatile memory, and low-power MCUs, which are expected to contribute to sustained revenue growth [3] Financial Summary - The company forecasts revenue growth from 3.59 billion yuan in 2024 to 5.90 billion yuan in 2027, with a compound annual growth rate of approximately 23.78% [6] - The net profit is projected to decline significantly in 2025 to 232 million yuan, before rebounding to 1.30 billion yuan by 2027 [6] - The earnings per share (EPS) is expected to increase from 0.70 yuan in 2024 to 1.57 yuan in 2027, reflecting a positive trend in profitability [6]

Group 1: Diplomatic Relations and Investment - A high-ranking aide to U.S. Secretary of State Marco Rubio visited South Korea to stabilize bilateral relations amid trade tensions related to President Trump's demands for increased Korean investment in U.S. manufacturing [2][3] - The visit is seen as a "fact-finding mission" to assess if South Korea can meet legislative deadlines for a $350 billion investment package by the end of February [3] Group 2: Trade Agreement Status - South Korea's Ministry of Trade confirmed that the KORUS FTA is operational and unaffected by recent legal changes in the U.S., following a Supreme Court ruling that deemed certain tariffs unlawful [4][10] - The ruling nullified a 15% reciprocal tariff on Korean exports, but a new 10% global tariff under Section 122 of the Trade Act poses ongoing concerns [5][10] Group 3: Impact on Key Sectors - The reaffirmation of the KORUS FTA is beneficial for major companies like Samsung Electronics and SK Hynix, which are dealing with U.S. semiconductor subsidies and export controls [6] - The automotive sector, particularly Hyundai Motor and Kia, remains vulnerable due to the potential for a 25% auto tariff, which could significantly impact their revenue from the U.S. market [6][7] Group 4: Legislative Challenges - The U.S. delegation plans to meet with South Korean National Assembly members to address delays in passing the Strategic Investment Memorandum of Understanding, with divisions between the Democratic Party and the People's Power Party over fiscal responsibilities [8] - The U.S. State Department has indicated that legislative delays create an unfavorable mood in Washington, but the visit suggests both sides are seeking a rational resolution to avoid escalating trade barriers [9]