Nvidia

Top Midday Stories: Supreme Leader Says Enriched Uranium Must Stay in Iran; Nvidia Q1 Earnings, Q2 Guidance Top Estimates, But Shares Fall

All three major US stock indexes were down and oil prices were up after Iran's supreme leader issued a directive ordering that Iran's near-weapons-grade uranium must stay in the country, Reuters reported, citing two senior Iranian sources.In company news, Nvidia (NVDA) reported fiscal Q1 adjusted earnings late Wednesday of $1.87 per diluted share, up from $0.78 a year earlier and above the FactSet consensus analyst estimate of $1.75. Fiscal Q1 revenue was $81.6 billion, up from $44.1 billion a year ago and above the FactSet consensus of $78.9 billion. For fiscal Q2, the company said it expects revenue of $91 billion, plus or minus 2%, above the FactSet consensus of $87.23 billion. The company also said it authorized an additional $80 billion share repurchase plan, and it raised its quarterly dividend to $0.25 per share from $0.01. Nvidia shares were down 1.8% around midday.Walmart (WMT) reported fiscal Q1 adjusted earnings Thursday of $0.66 per diluted share, up from $0.61 a year earlier and equal to the FactSet consensus. Fiscal Q1 revenue was $177.75 billion, up from $165.61 billion a year ago and above the FactSet consensus of $174.84 billion. For fiscal Q2, the company said it expects adjusted EPS of $0.72 to $0.74, below the FactSet consensus of $0.75. Fiscal Q2 net sales are expected to increase by 4% to 5%, the company said. Walmart shares were down 7.4%.IBM (IBM), GlobalFoundries (GFS) and D-Wave Quantum (QBTS) said they are set to receive billions of dollars in US government backing as part of an effort by the Trump administration to solidify the nation's lead in quantum computing. IBM said it signed an LOI with the Commerce Department to launch Anderon, the US' first pure-play quantum chip foundry backed by $1 billion in CHIPS and Science Act funding. GlobalFoundries said it plans to build a domestic quantum manufacturing ecosystem with $375 million in proposed funding, while D-Wave said it secured a proposed $100 million award under the CHIPS and Science Act. Shares of IBM, GlobalFoundries and D-Wave were up 7.3%, 11.0% and 25.2%, respectively.SpaceX (SPCX) filed an S-1 registration statement with the Securities and Exchange Commission late Wednesday for an initial public offering. Separately, SpaceX entered into cloud-computing agreements to provide Amazon-backed (AMZN) Anthropic access to its server infrastructure, SpaceX said in a regulatory filing. Amazon shares were down 0.1%.Stellantis (STLA) said Thursday it's launching a 60-billion-euro ($69.7 billion), five-year plan to accelerate growth and increase profits. The plan, called FaSTLAne 2030, seeks to debut more than 60 new vehicles and 50 "significant refreshes" by 2030, the company said. Stellantis shares were down 2.3%.Intuit (INTU) reported fiscal Q3 adjusted earnings late Wednesday of $12.80 per diluted share, up from $11.65 a year earlier and above the FactSet consensus of $12.57. Fiscal Q3 revenue was $8.56 billion, up from $7.75 billion a year ago and above the FactSet consensus of $8.54 billion. For fiscal Q4, the company said it expects adjusted EPS of $3.56 to $3.62 on revenue growth of 11% to 12%. Analysts polled by FactSet expect adjusted EPS of $3.14. For fiscal 2026, Intuit said it expects adjusted EPS of $23.80 to $23.85, up from its previous guidance of $22.98 to $23.18 and above the FactSet consensus of $23.22. Fiscal 2026 revenue is expected to be between $21.34 billion and $21.37 billion, above the FactSet consensus of $21.24 billion. The company said it expects to incur $300 million to 340 million in restructuring charges from its plan to cut its full-time workforce by 17%, primarily in fiscal Q4. Intuit shares were down 19.7%.Anthropic is in talks to rent servers powered by artificial intelligence server chips designed by Microsoft (MSFT), The Information reported Thursday, citing two people who spoke to executives involved in the discussion. Microsoft shares were down 0.3%.Price: $218.96, Change: $-4.51, Percent Change: -2.02%

Nvidia Sees Strong GPU Momentum, Growing CPU Opportunity, RBC Says

Nvidia (NVDA) reported results and guidance ahead of expectations, driven by sustained AI-related demand across its GPU and data center segments, with strong Blackwell demand and Rubin chips on track for a Q3 ramp, RBC Capital said in a Thursday note.RBC highlighted accelerating data center momentum driven by demand outpacing hyperscaler capex trends, with strength in Blackwell GPUs, rising networking demand, and growing confidence in non-hyperscale AI workloads, including sovereign and enterprise segments, according to the report.The analyst noted upside from Nvidia's CPU strategy, particularly the Vera CPU, seen as a roughly $20 billion revenue driver this year. RBC also pointed to share gains among frontier model developers and AI cloud providers, as well as strong networking growth, reinforcing Nvidia's position across the AI infrastructure stack.Despite valuation and long-term AI infrastructure spending debates, RBC expects strong double-digit growth for Nvidia through calendar 2027. The brokerage believes that the growth is supported by ongoing AI adoption, rising compute demand, and a strong product cadence with ecosystem advantages sustaining momentum amid evolving competition.RBC maintained its outperform rating on the stock while raising its price target to $270 from $250.Nvidia shares were down 2% in Thursday trading.Price: $218.91, Change: $-4.56, Percent Change: -2.04%

Nvidia's Vera Rubin Ramp Could Reinforce Leadership in AI Factory Economics, Morgan Stanley Says

Nvidia (NVDA) delivered a clean Q1 beat and raise on all metrics, and its expected ramp of its Vera Rubin platform could reinforce its leadership in AI factory economics, Morgan Stanley said in a note Thursday.Market share concerns are likely dissipating, with Vera Rubin offering a competitive advantage and understanding that the elevated benchmark weighting creates certain headwinds, although valuation at about half of AI peers stands out, according to the note.Nvidia has consistently delivered the lowest cost per token on its hardware, and is expected to maintain that advantage, the brokerage said. Current products are being benchmarked against competitors' upcoming chips like AMD MI455 or TPU v8, even though Vera Rubin will likely reach general availability before either of those, Morgan Stanley said.For the October quarter, the brokerage said it now expects revenue of about $102.35 billion and non-GAAP earnings per share of $2.34, up from about $99.02 billion and $2.25, respectively. It also lifted revenue and non-GAAP EPS estimates for 2027 and 2028.Morgan Stanley maintained an overweight rating on Nvidia and raised the price target to $288 from $285.Price: $219.61, Change: $-3.86, Percent Change: -1.73%

Nvidia's Full-Stack AI Portfolio Uniquely Positioned in Expanding AI Market, BofA Says

Nvidia's (NVDA) full-stack AI portfolio is uniquely positioned to benefit from rapid growth in the AI market, which could expand to a $3 trillion to $4 trillion total addressable market by 2030, BofA Securities said.The brokerage said in a Wednesday research report that it raised its fiscal 2027 and 2028 EPS guidance by 9% and 15%, respectively, to $9.09 and $13.27. It cited the company's full-stack positioning, higher gross margins, free cash flow and emerging leadership in agentic CPU of a $200 billion total addressable market.The investment firm said it likes the company's diversification of growth engines across hyperscale and AI cloud. Furthermore, growth outlook remains supported by purchase commitments of $145 billion, according to the note.BofA reiterated its buy rating on the stock and raised its price objective to $350 per share from $320.Shares of Nvidia were down more than 2% in Thursday trading.Price: $218.71, Change: $-4.76, Percent Change: -2.13%

BofA Securities Raises Price Target on Nvidia to $350 From $320, Maintains Buy Rating

Nvidia (NVDA) has an average rating of buy and mean price target of $283.99, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $222.23, Change: $-1.24, Percent Change: -0.55%

US Equity Futures Edge Lower Pre-Bell as Nvidia Stock Flat Despite Earnings Beat, Middle East Peace Talks Drag

US equity futures were edging lower pre-bell Thursday despite upbeat fiscal Q1 financial results posted by Nvidia (NVDA) and amid continued lack of solid progress in the Middle East peace talks.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.5% lower.In addition to surpassing analysts' expectations for fiscal Q1 adjusted earnings and revenue, Nvidia raised its quarterly dividend and announced an additional $80 billion share repurchase authorization. However, the company's stock was largely flat in premarket activity.President Donald Trump said the US was ready to resume attacks on Iran if its leadership did not agree to a peace deal, but that it could wait a few days. Iran's Supreme Leader has ordered the country's highly enriched uranium to not be sent abroad, which is one of the main US demands, according to a Reuters report citing two senior Iranian sources.Traders kept an eye on the latest round of earnings, with Walmart (WMT) posting higher fiscal Q1 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.7% at $106.80 per barrel and US West Texas Intermediate crude 2.4% higher at $100.62 per barrel.US initial jobless claims fell to a level of 209,000 in the employment survey week ended May 16 from an upwardly revised 212,000 level in the previous week, compared with expectations for a smaller decrease to 210,000 in survey of analysts compiled by Bloomberg as of 7:30 am ET.April housing starts fell by 2.8% from the previous month to a 1.465 million annual rate, compared with expectations compiled by Bloomberg as of 7:30 am ET for a 1.410 million rate after an increase to a 1.507 million pace in March.The Philadelphia Federal Reserve's monthly manufacturing index fell to minus 0.4 in May after rising to 26.7 in April, compared with expectations for a smaller decrease to a reading of 17.8 in a survey compiled by Bloomberg.The May S&P Global Composite Purchasing Managers' Index, due at 9:45 am ET, is seen coming in at 53.8.Richmond Federal Reserve President Thomas Barkin is scheduled to speak on Thursday.In other world markets, Japan's Nikkei closed 3.1% higher, Hong Kong's Hang Seng ended 1% lower, and China's Shanghai Composite finished 2% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.5% lower in Europe's early afternoon session.In equities, Shell (SHEL) stock was up 1.2% and BP (BP) shares rose 1% after the companies, along with Indonesia's PT Perusahaan Gas Negara, and PT PLN Energi Primer Indonesia, signed agreements with Japan's Inpex for liquified natural gas offtake from the Abadi LNG Project at the Masela Block in offshore Indonesia. Shares of IBM (IBM), GlobalFoundries (GFS), and D-Wave Quantum (QBTS) were up after the companies said they are included among the major quantum companies set to receive billions in proposed US government backing. IBM stock was up 5.8%, GlobalFoundries shares rose 13%, and D-Wave Quantum stock was 15% higher.On the losing side, Intuit (INTU) stock was 16% lower after RBC and Northcoast Research cut their price targets for the stock. Palantir Technologies (PLTR) shares were down 1.2% following an Axios report about the company challenging Pentagon's Defense Intelligence Agency over its ability to bid for a contract to modernize the agency's data analytics system.

US Equity Futures Fall Pre-Bell as Nvidia Stock Flat Despite Earnings Beat, Middle East Peace Talks Drag

US equity futures were falling pre-bell Thursday despite upbeat fiscal Q1 financial results posted by Nvidia (NVDA) and amid continued lack of solid progress in the Middle East peace talks.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were down 0.3%, and Nasdaq futures were 0.5% lower.In addition to surpassing analysts' expectations for fiscal Q1 adjusted earnings and revenue, Nvidia raised its quarterly dividend and announced an additional $80 billion share repurchase authorization. However, the company's stock was largely flat in premarket activity.President Donald Trump said the US was ready to resume attacks on Iran if its leadership did not agree to a peace agreement, but that it could wait a few days. Iran's Supreme Leader has ordered the country's highly enriched uranium to not be sent abroad, which is one of the main US demands, according to a Reuters report citing two senior Iranian sources.Traders kept an eye on the latest round of earnings, with Walmart (WMT) posting higher fiscal Q1 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.7% at $106.80 per barrel and US West Texas Intermediate crude 2.2% higher at $100.45 per barrel.The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 210,000 new unemployment claims for the week ended May 16, compared with 211,000 in the prior week, according to estimates compiled by Bloomberg. Housing starts for April are expected to come in at 1.41 million.The Philadelphia Fed's regional manufacturing index for May is seen coming in at 17.8, down from 26.7 posted previously.The May S&P Global Composite Purchasing Managers' Index, due at 9:45 am ET, is seen coming in at 53.8.Richmond Federal Reserve President Thomas Barkin is scheduled to speak on Thursday.

CBOE Volatility Index Slips Pre-Bell After Nvidia's Results, Tense Trump-Netanyahu Call Augurs Well for Iran

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Nvidia Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our target price at $270, on a P/E of ~23x our CY 27 EPS view of $11.95, within peers but well below its historical averages. After better-than-expected Apr-Q results and Jul-Q guidance, we lift our FY 27 (Jan.) EPS view to $8.90 from $8.41 and FY 28 to $11.95 from $11.40. We come away positive on NVDA's growth trajectory (e.g., CPUs, content growth), greater cash return to shareholders (at least $100B annually rate on $200B FCF run rate), and valuation (~18x on CY 27 EPS). NVDA's greater traction on the CPU side with Vera opens a brand new $200B TAM, with potentially $20B in standalone CPU revenue in FY 27, a market NVDA has never addressed before. We also see accelerating diversification beyond hyperscalers, as AI Clouds, Industrial, & Enterprises now nearly match the spending of hyperscalers and are growing 31% sequentially vs. Hyperscale's 12% sequential growth. This balanced customer mix validates the broadening AI adoption thesis across enterprises, sovereign nations, and industrial applications.

Research Alert: Nvda: Jul-q Guide Well Above Expectations; Returning More Cash To Shareholders

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:NVDA posted Apr-Q revenue of $81.6B (+85% Y/Y, +20% Q/Q), ahead of our $79B expectation, with Data Center revenue of $75.2B (+92%, +21%) representing over 90% of total revenue and $2B above expectations. Non-GAAP EPS of $1.87 (+140% Y/Y) beat the $1.78 consensus, while gross margins remained stable at 75.0%. We view the new reporting framework splitting Data Center into balanced Hyperscale ($37.9B) and ACIE ($37.4B) segments as demonstrating expansion beyond traditional hyperscalers into sovereign AI and enterprise applications. Jul-Q guidance of $91.0B (+/- 2%) came well ahead of our $87B expectation, indicating continued sequential growth momentum. NVDA announced an additional $80B share repurchase authorization and dividend increase to $0.25 per share, signaling confidence in the business trajectory. We continue to anticipate the company will generate over $400B in FCF over the next eight quarters and think returning more cash to shareholders is warranted as top-line growth decelerates over time.

US Equity Indexes Jump Amid Sliding Treasury Yields, Crude Oil as Trump Says Iran Talks in Final Stages

US equity indexes jumped at the close on Wednesday as government bond yields sank amid a slide in crude oil futures after President Donald Trump talked up expectations for an Iran peace agreement.The Nasdaq Composite advanced 1.6% to 26,270.36, with the S&P 500 up 1.1% to 7,432.97 and the Dow Jones Industrial Average higher by 1.3% to 50,009.35 on Wednesday.Consumer discretionary and technology topped the sector charts. Energy was the worst performer.US equity indexes closed higher on Wednesday in anticipation of strong results from the tech bellwether and AI poster child, Nvidia (NVDA). The chipmaker reported after the bell stronger-than-expected fiscal Q1 adjusted earnings and revenue, beating market expectations. The chipmaker unveiled an additional $80 billion share repurchase authorization and raised its quarterly dividend.Meanwhile, Iran negotiations are in the final stages, Reuters cited President Donald Trump as saying on Wednesday. The US president reiterated his warning of further attacks unless Tehran agrees to a deal."We're in the final stages of Iran. We'll see what happens," Trump was cited as telling reporters. "Either have a deal, or we're going to do some things that are a little bit nasty, but hopefully that won't happen.""If aggression against Iran is repeated, the promised regional war will extend beyond the region this time," Reuters cited the Revolutionary Guards as saying in a statement.Brent crude futures slumped 5.7% to $104.91.US Treasury yields fell, with the 30-year down 6.6 basis points to 5.11%, retreating from its highest since 2007. The 10-year dropped 9.3 basis points to 4.58%, also declining from its strongest level in more than a year.In precious metals, gold futures rose 0.8% to $4,548.2, and silver futures climbed 1.5% to $76.27.A majority of FOMC participants appear to be leaning away from rate cuts for now and were open to the possibility of rate increases, minutes of the April 28-29 meeting released Wednesday showed."Several participants highlighted that it would likely be appropriate to lower the target range for the federal funds rate once there are clear indications that disinflation is firmly back on track or if solid signs emerge of greater weakness in the labor market," the minutes said."A majority of participants highlighted, however, that some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%," according to the minutes.

US Equity Markets Close Higher as Oil Prices Fall, Tech Gains Ahead of Nvidia Results

US equity indexes ended higher on Wednesday after crude oil prices fell and the tech sector rose ahead of Nvidia's (NVDA) results.* President Donald Trump said negotiations with Iran are in the final stages, though he warned of further attacks unless Tehran agrees to a deal, Reuters reported.* Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said.* A majority of FOMC participants appear to be leaning away from rate cuts for now and were open to the possibility of rate increases, minutes of the April 28-29 meeting released Wednesday showed.* July West Texas Intermediate crude oil fell $5.76 to settle at $98.39 per barrel, while July Brent crude, the global benchmark, was last seen down $6.30 at $104.98.* United Airlines (UAL) shares rose 10%, the biggest gain on the S&P 500, a day after the company forecast double-digit increases in demand this summer, with more than 53 million passengers from June to August, up 3 million from a year earlier.* Hasbro (HAS) shares fell 8.8%, the steepest decline on the S&P, after the company reported a Q1 operating loss for the consumer products division amid flat sales.

US Equity Indexes Jump Ahead of Nvidia's Quarterly Results

US equity indexes jumped ahead of Nvidia's (NVDA) earnings and as government bond yields sank amid a slide in crude oil futures.The Nasdaq Composite jumped 1.4% to 26,221.2, with the S&P 500 up 1% to 7,426.5 and the Dow Jones Industrial Average higher by 1.3% to 50,023.7 ahead of Wednesday's close.Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said in a note. The brokerage maintained its buy rating on the Nvidia stock, with a $320 price objective, citing its "dominance in the fastest growing tech market and its compelling valuation."Iran negotiations are in the final stages, Reuters cited President Donald Trump as saying on Wednesday. But the US president warned of further attacks unless Tehran agrees to a deal.West Texas Intermediate crude oil futures dropped 5.7% to $98.19, while Brent crude futures slumped 5.7% to $104.91.US Treasury yields fell, with the 30-year down seven basis points to 5.11%, retreating from its highest since 2007. The 10-year dropped 9.9 basis points to 4.57%, also declining from its strongest level in more than a year.A majority of FOMC participants appear to be leaning away from rate cuts for now and were open to the possibility of rate increases, minutes of the April 28-29 meeting released Wednesday showed.

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4.7%.The Philadelphia Semiconductor index popped 4.1%.In corporate news, Microsoft-backed OpenAI (MSFT) is aiming for an initial public offering as soon as September that will value the company at more than $1 trillion, the Financial Times reported. Microsoft shares rose 1%.Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said in a note. The brokerage maintained its buy rating on the Nvidia stock, with a $320 price objective, citing its "dominance in the fastest growing tech market and its compelling valuation." Nvidia shares rose 1.3%.Meta Platforms (META) CEO Mark Zuckerberg told employees the company does not expect further company-wide layoffs this year, Reuters reported, citing an internal memo. Meta on Wednesday cut 10% of its global workforce and reassigned 7,000 employees to AI-related initiatives as part of a broad restructuring, the report said. Meta shares added 0.2%.Intuit (INTU) is laying off about 17% of its global workforce, or roughly 3,000 employees, as part of a restructuring aimed at simplifying operations and sharpening focus on key priorities, including AI initiatives, Reuters reported. Intuit shares were down 3.6%.

Sector Update: Tech Stocks Gain Wednesday Afternoon

Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4%.The Philadelphia Semiconductor index popped 3.6%.In corporate news, Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said in a note. The brokerage maintained its buy rating on the Nvidia stock, with a $320 price objective, citing its "dominance in the fastest growing tech market and its compelling valuation." Nvidia shares rose 1.8%.Microsoft-backed (MSFT) OpenAI has been working with bankers in preparation of filing for an initial public offering in the coming days or weeks, The Wall Street Journal reported. Microsoft shares added 0.9%.Intuit (INTU) is laying off about 17% of its global workforce, or roughly 3,000 employees, as part of a restructuring aimed at simplifying operations and sharpening focus on key priorities, including AI initiatives, Reuters reported. Intuit shares were down 3.5%.

US Equity Indexes Rise as Investors Await Nvidia's Earnings While Iran Peace Talks Enter Final Stages

US equity indexes rose ahead of Nvidia's (NVDA) earnings and April minutes from the Federal Reserve's policy meeting, and as Iran's negotiations with a trio of Gulf nations entered the final stages.The Nasdaq Composite rose 1.1% to 26,165.1, with the S&P 500 up 0.8% to 7,412.9 and the Dow Jones Industrial Average higher by 1% to 49,854.6 in midday trading on Wednesday.Consumer discretionary and technology topped the sector charts. Energy was the worst performer.Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said in a note. The brokerage maintained its buy rating on the Nvidia stock, with a $320 price objective, citing its "dominance in the fastest growing tech market and its compelling valuation."Chip stocks steadied ahead of Nvidia's earnings, which investors view as a "crucial test of AI demand amid concerns about elevated Treasury yields," according to a D.A. Davidson note.Meanwhile, Iran negotiations are in the final stages, Reuters cited US President Donald Trump as saying on Wednesday. But Trump warned of further attacks unless Tehran agrees to a deal."We're in the final stages of Iran. We'll see what happens," Trump was cited as telling reporters. "Either have a deal, or we're going to do some things that are a little bit nasty, but hopefully that won't happen.""If aggression against Iran is repeated, the promised regional war will extend beyond the region this time," Reuters cited the Revolutionary Guards as saying in a statement.West Texas Intermediate crude oil futures slid 0.8% to $107.77, while Brent crude futures slumped 5.7% to $104.92.US Treasury yields fell, with the 30-year down 6.5 basis points to 5.12%, retreating from its highest since 2007. The 10-year dropped 8.7 basis points to 4.58%, also declining from its strongest level in more than a year.In precious metals, gold futures rose 0.6% to $4,536.8, and silver futures climbed 1.5% to $75.30.In US economic news, the Federal Reserve is scheduled to post minutes from its April policy meeting at 2 pm ET, in which policymakers had voted to keep the federal funds rate unchanged at 3.5% to 3.75%.However, Dallas Fed president Lorie Logan, Minneapolis Fed president Neel Kashkari, and Cleveland Fed president Beth Hammack were the three members of the Federal Open Market Committee who explicitly dissented against language that left the door open to a possible easing bias, according to a Scotiabank note. Boston Fed president Susan Collins later revealed that she was a non-voting supporter of the dissenters."That makes almost one-quarter (4) of the 17 FOMC members and one-quarter (3) of the voting FOMC members who officially opposed any hint at easing" at the last meeting, Derek Holt, head of capital markets economics at Scotiabank, said in an earlier note. "Will others be revealed? Watch the language that cites frequency of citation for an indication (one, a couple, a few, some, several, many, most, etc.)."