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Nvidia

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617 stories mentioning NvidiaUpdated just now

Rallied as tech and semiconductor stocks jumped, with the Philadelphia Semiconductor Index climbing 5.4% amid the broad market rally.

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Wire

Nvidia's Blackwell Ultra Offers Upside, VR200 Ramps Boost H2 Momentum, Oppenheimer Says

Nvidia's (NVDA) Blackwell Ultra offers upside to fiscal Q2 and Q3 prints, while next-generation VR200 ramps in the current quarter strengthen H2 momentum, Oppenheimer said in a note Wednesday.The company is scheduled to report its fiscal Q2 financial results on Aug. 26.Its Data Center segment is expected to be up 15% quarter-over-quarter, with Compute led by Blackwell Ultra GB300. Vera Rubin VR200 is on track for fiscal Q3 ramp, while Vera Rubin Ultra VR300 is expected to follow in H2 of 2027, according to the note.Networking is expected to grow 35% quarter-over-quarter, led by NVLink and Spectrum-X/Infiniband, Oppenheimer said, as it forecast the mix to increasingly favor ethernet, driven by cloud service provider demand.The brokerage models free cash flow of $212 billion this year and $312 billion next year, a stable gross margin through year-end, and $19.6 billion returned to shareholders in fiscal Q2, primarily through share buybacks.Oppenheimer kept an outperform rating on Nvidia with a price target of $265.Shares of Nvidia were down 0.5% in Thursday trading.Price: $216.40, Change: $-1.16, Percent Change: -0.54%

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Wire

Nvidia's AI Demand, Rubin Ramp Support Strong Q2, RBC Says

Nvidia (NVDA) is expected to deliver another strong quarter as demand for AI compute remains strong and the initial Rubin platform ramp begins, RBC Capital Markets said.RBC models fiscal Q2 revenue of $91.1 billion and adjusted EPS of $2.06, compared with consensus estimates of $92 billion and $2.09, respectively. The firm expects fiscal Q3 revenue guidance to come in about 5% above the $103.8 billion consensus.The initial Rubin platform ramp is expected to carry a more than 50% average selling price premium, along with an estimated $10 billion of incremental standalone CPU opportunity in the second half of the year, according to the report Wednesday.RBC also pointed to Nvidia's access to component supply, citing $119 billion of purchase commitments in the last quarter. The firm expects gross margin of 75% in fiscal Q2 and Q3 and expects management to reiterate mid-70% gross-margin guidance for fiscal 2027.The investment firm said it projects more than $400 billion in free cash flow over the next two years even after dividends, which it said could provide room for additional share repurchases.RBC reiterated its outperform rating on Nvidia, with a $300 price target.Price: $218.21, Change: $+0.65, Percent Change: +0.30%

$NVDA
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.6%.The Philadelphia Semiconductor index dropped 1.9%.In sector news, the White House has yet to share details on its new AI framework, leaving tech companies uncertain on how the government plans to handle the release of AI frontier models, The Information reported. After meeting with companies such as OpenAI, Anthropic, and Alphabet's (GOOGL) Google in an early August briefing, the Office of the National Cyber Director has not given more clarity on the framework, nor has it given details on a potential public AI event related to the framework, the report said.In corporate news, Nvidia (NVDA) has considered participating in a $20 billion-valuation funding round for Mercor, a data labeling provider that helps it develop its open-source AI models, The Information reported. Nvidia shares were fractionally lower.Marvell Technology (MRVL) shares jumped past 8% after the chip designer entered into a deal that would allow Google to buy up to $12.18 billion of Marvell shares as part of a collaboration.Nebius (NBIS) shares fell past 12% after it said Wednesday it plans to offer $4.5 billion of convertible senior notes in a private offering.Backblaze (BLZE) shares were down 11% after the company said late Tuesday it plans to issue $150 million in convertible senior notes due 2031 via a private placement to institutional investors.

$BLZE$MRVL$NBIS$NVDA
Sectors

Sector Update: Tech

Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.8% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.8%.The Philadelphia Semiconductor index dropped 1.8%.In corporate news, Nvidia (NVDA) has considered participating in a $20 billion-valuation funding round for Mercor, a data labeling provider that helps it develop its open-source AI models, The Information reported. Nvidia shares were fractionally higher.

$NVDA
Wire

Market Chatter: Nvidia Mulls Mercor Investment at $20 Billion Valuation

Nvidia (NVDA) has considered participating in a $20 billion-valuation funding round for Mercor, a data labeling provider that helps it develop its open-source AI models, The Information reported Wednesday, citing a person with knowledge of the process.General Catalyst has been in discussions to lead the round, the report said.Nvidia didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $219.09, Change: $-0.65, Percent Change: -0.30%

$NVDA
Wire

Nvidia Mulls Mercor Investment at $20 Billion Valuation, The Information Reports

Nvidia Mulls Mercor Investment at $20 Billion Valuation, The Information Reports

$NVDA
Sectors

Sector Update: Tech Stocks Decline Wednesday Afternoon

Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.5%.The Philadelphia Semiconductor index dropped 2%.In sector news, the White House has yet to share details on its new AI framework, leaving tech companies uncertain on how the government plans to handle the release of AI frontier models, The Information reported. After meeting with companies such as OpenAI, Anthropic, and Alphabet's (GOOGL) Google in an early August briefing, the Office of the National Cyber Director has not given more clarity on the framework, nor has it given details on a potential public AI event related to the framework, the report said.In corporate news, Nebius (NBIS) shares fell past 9% after it said Wednesday it plans to offer $4.5 billion of convertible senior notes in a private offering.Nvidia (NVDA) has offered to connect data-center operators in the Nordics to companies with its graphics processing units in need of capacity, CNBC reported. Nvidia shares were down 0.4%.Marvell Technology (MRVL) issued a warrant to Alphabet's Google to buy up to 59 million shares of its common stock at $206.58 per share as part of an expanded partnership agreement the two companies reached on July 29, Marvell said Wednesday in a regulatory filing. Marvell shares climbed 8.2%, and Alphabet was fractionally lower.

$GOOGL$MRVL$NBIS$NVDA
Wire

Market Chatter: Nvidia Trying to Connect Firms With Its GPUs to Data Centers in Nordics

Nvidia (NVDA) has offered to connect data-center operators in the Nordics to companies with its graphics processing units in need of capacity, CNBC reported Wednesday, citing two sources familiar with the matter.Gigawatts of data-center capacity are due to be built in the Nordics in the coming years, and Nebius Group (NBIS) and Microsoft (MSFT) have inked deals in the region this year, the report said.Nvidia didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $218.98, Change: $-0.76, Percent Change: -0.35%

$MSFT$NBIS$NVDA
Wire

Nvidia Trying to Connect Firms With Its GPUs to Data-Center Capacity in Nordics, CNBC Reports

Nvidia Trying to Connect Firms With Its GPUs to Data-Center Capacity in Nordics, CNBC Reports

$NVDA
Equities

Social Buzz: Wallstreetbets Stocks Mixed Premarket Wednesday; Nebius Group, Sandisk to Decline

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Wednesday's opening bell.DTE Energy (DTE) was 0.5% higher premarket, swinging from a 0.7% fall at Tuesday's close.Nike (NKE) advanced by 0.4% in pre-bell hours, following a 2.5% increase at Tuesday's close.Nvidia (NVDA) was 0.3% higher pre-bell, after a 2.3% decline from Tuesday's session.Meta Platforms (META) was up 0.3% in premarket activity, swinging from a 4.5% decline at Tuesday's close.Nebius Group (NBIS) fell by 2.4% premarket, following a 7.6% fall from the previous session.Sandisk (SNDK) was 0.9% lower pre-bell, after a 9% decline at Tuesday's close.Micron Technology (MU) was down 0.9% hours before market open, following a 7% fall from the previous session.Reddit (RDDT) declined by 0.5% premarket, after closing Tuesday with a 3.8% fall.

$DTE$META$MU$NBIS$NKE$NVDA$RDDT$SNDK
Japan

US Equity Markets End Lower Amid Rise in Government Bond Yields Following Deadlock in US-Iran Talks

US equity indexes ended lower Tuesday after crude oil prices rose and the 30-year government bond yield hit a 19-year high following President Donald Trump's declaration that the US is not negotiating any deal with Iran.* "There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran," Trump posted on his social media platform and claimed that the Strait of Hormuz is "New U.S. Territory."* The Strait of Hormuz will remain closed until the US meets the conditions of an interim deal signed with Iran in June, Reuters reported Tuesday, citing Iran's negotiator Mohammad Baqer Qalibaf in state media.* US housing starts dropped 12% sequentially to a seasonally adjusted rate of 1.24 million units last month, the Census Bureau and the Department of Housing and Urban Development said. The analyst consensus stood at 1.35 million in a Bloomberg-compiled survey.* Pending home sales fell 2.3% in July, compared with a 4.8% drop in June, according to the National Association of Realtors. Analysts expected no change in a Bloomberg-compiled survey.* September West Texas Intermediate crude oil rose $0.49 to settle at $84.99 per barrel, while October Brent crude, the global benchmark, was last seen up $0.10 at $90.97.* Targa Resources (TRGP) shares were up about 7.4%, the top performer on the S&P 500, a day after the company secured 20-year, fee-based agreements with ExxonMobil (XOM).* Nvidia (NVDA) talent is being recruited by Etched, with about 15% of the AI startup's 400 employees having previously worked at Nvidia, The Wall Street Journal reported. Nvidia shares were down 2.3%, the second-worst performer on the Dow.

Dow JonesNasdaq CompositeS&P 500$NVDA$TRGP$XOM
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6.3%.The Philadelphia Semiconductor index shed 5.5%.In corporate news, Meta Platforms (META) shares were falling 4.2% as a social media addition trial brought by 29 US states got underway.Nvidia (NVDA) talent is being recruited by Etched, with about 15% of the AI startup's 400 employees having previously worked at Nvidia, The Wall Street Journal reported. Nvidia shares were down 2.6%.Alphabet's (GOOGL) Google has informed suppliers it plans to have its Pixel smartphones, watches and Bluetooth earbuds made outside of China starting next year, Nikkei Asia reported. The move comes amid continuing tension between the US and China, the report said. Alphabet shares were fractionally higher.Baidu (BIDU) reported lower-than-expected Q2 results on Tuesday amid weakness in its online marketing business, even though it recorded double-digit growth in its core AI-powered operations. Its shares dropped 12%.

$BIDU$GOOGL$META$NVDA
Wire

Market Chatter: Nvidia Talent Being Recruited by AI Chip Startup Etched

Nvidia (NVDA) talent is being recruited by Etched, with about 15% of the artificial intelligence startup's 400 employees having previously worked at Nvidia, The Wall Street Journal reported Tuesday.Etched has Nvidia's former vice president of data-center systems engineering, Jimmy Daley, as an investor in the startup after he retired in July. Additionally, Anthony Gamerman, a systems engineer at Nvidia, joined Etched in April, partly because a number of people he admired had already jumped ship, the report said.In 2023, Saptadeep Pal, who researched multi-GPU parallelization at Nvidia and later co-founded Auradine, was hired by Etched to be its chief silicon architect, WSJ reported.Similarly, in 2024, Etched recruited Brian Loiler, a top systems engineer who spent nearly 23 years at Nvidia, to help design servers and racks to integrate its chips into one big system. Loiler, in turn, has hired about a dozen engineers from Nvidia for Etched, according to the report.Nvidia and Etched did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $220.08, Change: $-4.93, Percent Change: -2.19%

$NVDA
Commodities

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Tuesday Amid Rising Oil Prices

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4%, and the actively traded Invesco QQQ Trust (QQQ) was 1.2% lower in Tuesday's premarket activity as fading hopes for a US-Iran peace agreement pushed oil prices higher.US stock futures were mixed, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures advancing 0.03%, and Nasdaq futures slipping 1.2% before the start of regular trading.July housing starts fell by 12.4% from the previous month to a 1.239 million annual rate, compared with expectations compiled by Bloomberg as of 7:45 am ET for a 1.345 million rate after an increase to 1.415 million in June.The New York Federal Reserve's services index fell to 0.5 in August from 8.7 in July, compared with the expectations of a smaller decrease to a reading of 4.6 in a survey compiled by Bloomberg.Industrial production data for July will be released at 9:15 am ET, followed by the pending home sales data for July at 10 am ET.In premarket action, bitcoin was down by 0.04%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% lower, Ether ETF (EETH) retreated 0.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was down 0.4%, while the iShares US Healthcare ETF (IYH) was 2% higher. The iShares Biotechnology ETF (IBB) was 0.2% lowerAmylyx Pharmaceuticals' (AMLX) stock was up more than 30% premarket after the company said its investigational post-bariatric hypoglycemia treatment Avexitide met its primary endpoint in a phase 3 clinical trial.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) was up 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.8% lower.Klarna Group (KLAR) shares were down more than 17% after the company said it has planned transitions for its chief financial officer and chief marketing officer, effective early 2027.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.8%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 1.2%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.1%. The VanEck Retail ETF (RTH) was 0.3% lower, while the State Street SPDR S&P Retail ETF (XRT) was 0.1% higher.Baidu (BIDU) shares were down more than 7% pre-bell after the company reported lower Q2 non-GAAP earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.2%, the Vanguard Industrials Index Fund (VIS) was down 0.1%, and the iShares US Industrials ETF (IYJ) was inactive.Stantec (STN) stock was up 1% after the company said it received approval from the Toronto Stock Exchange to increase the number of shares it may repurchase for cancellation under its normal course issuer bid to 5.7 million shares, up from 2.3 million.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1.8%, the iShares US Technology ETF (IYW) was 1.1% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 1.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined 3.4%, while the iShares Semiconductor ETF (SOXX) fell 3.6%.NVIDIA (NVDA) shares were down 1% in premarket activity after the company said it partnered with SB Energy to secure land, power, and shell capacity at the PORTS-Pike Technology Campus in Ohio, where OpenAI will be the tenant.EnergyThe iShares US Energy ETF (IYE) was up 0.3%, while the State Street Energy Select Sector SPDR ETF (XLE) was 0.9% higher.Phillips 66 (PSX) stock was 1% higher after Argus lifted its price target to $269 from $197.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.9% to reach $85.27 per barrel on the New York Mercantile Exchange. Natural gas was up 0.9% at $2.71 per 1 million British Thermal Units. The United States Oil Fund (USO) increased 0.5%, while the United States Natural Gas Fund (UNG) was 0.02% lower.Gold futures for November were down by 0.6% at $4,448.00 an ounce on the Comex. Silver futures retreated 1.7% to $65.11 an ounce. SPDR Gold Shares (GLD) declined by 0.6%, and the iShares Silver Trust (SLV) was 1.1% lower.

Dow JonesNasdaq CompositeS&P 500$AMLX$BETH$BIDU$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KLAR$NVDA$PMR$PSX$QQQ$RTH$SLV$SOXX$SPY$STN$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Lower Pre-Bell as Middle East Peace Prospects Dim

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Tuesday as prospects for a peace agreement in the Middle East dimmed with the US not seeking to extend the ceasefire agreement with Iran that expired Monday.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.5%, and Nasdaq futures were 1.3% lower.Iran would shift to a "fully offensive" military posture to break the US naval blockade if diplomatic efforts to end the war fail, Reuters reported Tuesday, citing a senior Iranian official. Asked by reporters if the US was seeking to extend the ceasefire, President Donald Trump said no, according to Reuters.Traders digested the latest round of earnings, with Home Depot (HD) reporting higher fiscal Q2 adjusted earnings and net sales.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.3% at $91.10 per barrel and US West Texas Intermediate crude 0.% higher at $84.29 per barrel.July housing starts dropped to a 1.239 million annual rate from 1.415 million in the previous month, compared with expectations for a 1.345 million rate in a survey compiled by Bloomberg. US import prices fell 0.4% in July, compared with the 0.1% gain expected and the prior 0.3% decrease in June. US export prices fell 1.3% in July, compared with expectations for no change and the 0.7% decrease in the prior month.The July industrial production report, due at 9:15 am ET, is forecast to show a 0.3% gain following a 0.1% increase in the prior month. Pending home sales for July, slated for 10 a.m. ET, are expected to hold steady after a drop of 5.4% in the prior month.In other world markets, Japan's Nikkei closed 2.5% lower, Hong Kong's Hang Seng ended 0.1% higher, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.3% lower in Europe's early afternoon session.In equities, stocks of Nvidia (NVDA), Micron Technology (MU), and AMD (AMD) were all down as part of a wider downswing in the technology sector. Nvidia shares dropped 2%, Micron stock fell 4.8%, and AMD shares were 3.5% lower.On the winning side, Home Depot stock was 2.1% higher after the company posted better-than-expected fiscal Q2 adjusted earnings and net sales. Alibaba Group (BABA) shares rose 3% after Alipay said Monday it launched a full-stack agentic AI commerce platform for merchants. Targa Resources (TRGP) stock was up 3.6% after the company said late Monday it struck new 20-year fee-based, midstream agreements to support ExxonMobil's (XOM) development of its Permian Basin acreage.

Dow JonesNasdaq CompositeS&P 500$AMD$BABA$HD$MU$NVDA$TRGP$XOM
Wire

Top Midday Gainers

OmniAb (OABI) unveiled a partnership with Eli Lilly (LLY) on a new ion-channel drug discovery program, while raising its fiscal 2026 cash and cash equivalents guidance.Shares of OmniAb jumped over 11%, with intraday trading volume rising to more than 16.4 million from the stock's daily average of about 647,000.Meanwhile, B. Riley raised its price target for RCM Technologies' (RCMT) shares to $45 from $40 while keeping its buy rating.Shares climbed 13% amid an increase in intraday trading volume to over 320,000 from a daily average of about 63,000.Nvidia (NVDA) has reported a $29.99 billion stake in Intel (INTC) and a $20.98 billion stake in Space Exploration Technologies (SPCX) as of June 30, according to a Form 13F filed Friday with the US Securities and Exchange Commission.Shares of SpaceX rose 6%, with intraday trading volume at over 84.5 million, versus the stock's daily average of about 122.1 million.Price: $3.78, Change: $+0.40, Percent Change: +11.83%

$INTC$LLY$NVDA$OABI$RCMT$SPCX
Sectors

Sector Update: Tech Stocks Rise Monday Afternoon

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.5%.The Philadelphia Semiconductor index climbed up 2.1%.In corporate news, Intel (INTC) and Goldman Sachs (GS) are among the investors in AI video generation platform Higgsfield's recent $400 million funding round, pushing its valuation to $5.40 billion, the Financial Times reported. Intel shares climbed 1.7%.Nvidia (NVDA) said Monday it is investing $1.5 billion in SB Energy to support its growth as an AI infrastructure developer. Nvidia shares were up 0.4%.Amazon-backed (AMZN) Anthropic told potential investors that its Q2 revenue jumped at least 14-fold from the year prior to over $11.5 billion, Bloomberg reported, citing internal documents it viewed. Amazon shares were down 1.4%.Alibaba's (BABA) Qwen AI models have exceeded 3 billion in downloads globally over the last six months, topping that of Meta (META) and Alphabet's (GOOGL) Google, Bloomberg reported, citing data from open source AI platform Hugging Face. Alibaba shares were up 0.2%.

$AMZN$BABA$INTC$NVDA
Sectors

Sector Update: Tech

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.3%.The Philadelphia Semiconductor index climbed 2.7%.In corporate news, Nvidia (NVDA) said Monday it is investing $1.5 billion in SB Energy to support its growth as an AI infrastructure developer. Nvidia shares were up 0.8%.

$NVDA
Wire

Top Midday Stories: Nvidia Investing $1.5 Billion in SB Energy; L3Harris Names Sam Mehta as CEO, Replacing Christopher Kubasik

The Nasdaq Composite was up, while the Dow Jones Industrial Average and S&P 500 Index were down in late-morning trading Monday, as oil prices rose amid ongoing tensions in the Middle East.In company news, Nvidia (NVDA) said Monday it is investing $1.5 billion in SB Energy to support its growth as an artificial intelligence infrastructure developer. The chipmaker has entered into a partnership with SB Energy to become the exclusive AI compute infrastructure provider at the PORTS-Pike Technology Campus in Pike County, Ohio. SB Energy will build, own and operate the data center under a 20-year lease to Microsoft-backed (MSFT) OpenAI, which will use the capacity, according to a statement. Nvidia shares were up 1.1%, while Microsoft shares were down 2.2%.L3Harris Technologies (LHX) said Monday it has appointed Sam Mehta as president and chief executive, replacing Christopher Kubasik, who stepped down as chairman and CEO following an investigation into conduct the company said was inconsistent with its code of conduct. Mehta, who joined L3Harris in 2023, most recently led the Space & Mission Systems and Communications & Spectrum Dominance segments. L3Harris shares were down 4.1%.Amazon-backed (AMZN) Anthropic told potential investors that its Q2 revenue jumped at least 14-fold from the year prior to over $11.5 billion, Bloomberg reported, citing internal documents it viewed. Amazon shares were down 0.4%.EyePoint (EYPT) said Monday its Phase 3 Lugano trial testing Duravyu in patients with wet age-related macular degeneration failed to achieve its primary endpoint. The drug missed the main visual acuity goal in the complete dataset because of a patient subgroup with vision loss unrelated to the condition, the company said. EyePoint shares were down 69.3%.Palantir Technologies (PLTR) Co-Founder Peter Thiel has acquired over 1.1 million American depositary shares in Vista Energy (VIST) worth about $75.9 million, according to a filing with the US Securities and Exchange Commission. Palantir shares were up 0.5%.Madison Air Solutions (MAIR) signed a definitive deal to acquire ebm-papst, which specializes in airflow technology, for $5.40 billion, or $5 billion net of future tax savings, the company said Monday. The deal is expected to close around the end of the year, Madison said. Madison Air shares were down 4.4%.Price: $227.00, Change: $+1.84, Percent Change: +0.82%

$AMZN$EYPT$LHX$MAIR$MSFT$NVDA$PLTR$VIST
Wire

Nvidia Blackwell Demand Uptrend to Drive a Q2 Beat and Raise, Morgan Stanley Says

Nvidia (NVDA) Blackwell demand uptrend will drive a fiscal Q2 beat and raise, but it is less likely to be a catalyst as the drivers of more significant multiple expansion are centered on longer-term issues, Morgan Stanley said in a Monday research report.Longer-term issues include concerns around circular financing, gross margin trajectory beyond 2026, and the contribution of Rubin GPUs in H2, according to the note. The company will report fiscal Q2 results on Aug. 26.Nvidia offers a highly attractive risk/reward, given multiple levers for upside as compute demand is likely to continue outpacing supply in 2027, according to Morgan Stanley.Supply will be the limiting factor, particularly for Rubin, but Blackwell demand can sustain at a high level well into 2027, the analysts said.Morgan Stanley reiterated its overweight rating on the stock with a price target of $288.Price: $226.60, Change: $+1.44, Percent Change: +0.64%

$NVDA

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