Michael Vi Wells Fargo initiated coverage on the cybersecurity industry on Tuesday, including putting an Equal-Weight rating and $76 price target on Okta ( OKTA ). The firm believes the company may be a beneficiary of artificial intelligence of some sort. “We see Okta in a strong early position to be an AI beneficiary, yet the core business is mature, necessitating further proof points that interi...
Michael Vi Wells Fargo initiated coverage on the cybersecurity industry on Tuesday, including putting an Equal-Weight rating and $76 price target on Okta ( OKTA ). The firm believes the company may be a beneficiary of artificial intelligence of some sort. “We see Okta in a strong early position to be an AI beneficiary, yet the core business is mature, necessitating further proof points that interim drivers (OIG, PAM, etc.) can reaccelerate growth,” analyst Richard Poland wrote in a note to clients. “Risk/reward looks balanced.” Poland added that the company has become “entrenched” in identity protection, and new products could help accelerate growth to be between 9% and 11% (down from the mid-teens), but it's unclear just how much AI will benefit the company. “As outlined, we struggle to underwrite meaningful improvements in NRR/growth in the near term, yet we're unwilling to rule that out long term as AI could prove the needle-mover,” Poland added. “And while we're not opposed to stable growth, there is uncertainty around security consolidators circling the Identity opp, especially Okta's expansion areas, which could mean we're in for a shake-up that necessitates the company to get more aggressive in building out its 'Identity Fabric' vision.” More on Okta Okta: From Human Access To Increasingly Competitive Agentic AI Security Market Okta: AI Agents Are Its Next Growth Engine Okta, Inc. (OKTA) Presents at 28th Annual Needham Growth Conference Transcript Wedbush's cyber spending checks show no lost deals amid AI disruption Okta, Check Point, others in focus as Wells Fargo initiates coverage on cybersecurity stocks
OpenAI Rewrites 'Sloppy' Pentagon AI Deal After Backlash Over Surveillance Risks OpenAI - which millions of users trust with everything from legal documents to tax returns - is revising its newly signed contract with the US Department of War , just days after it was announced that they would replace Anthropic for use in government systems because the rushed rollout "looked opportunistic and sloppy...
OpenAI Rewrites 'Sloppy' Pentagon AI Deal After Backlash Over Surveillance Risks OpenAI - which millions of users trust with everything from legal documents to tax returns - is revising its newly signed contract with the US Department of War , just days after it was announced that they would replace Anthropic for use in government systems because the rushed rollout "looked opportunistic and sloppy." Hours after negotiations collapsed between the Pentagon and rival startup Anthropic on Friday, the San Francisco-based company agreed to supply its AI models for use in classified military operations. The breakdown followed talks with Defense Secretary Pete Hegseth over how the government could deploy advanced AI tools. OpenAI initially described its agreement as containing "more guardrails than any previous agreement for classified AI deployments, including Anthropic’s." But on Monday, CEO Sam Altman said the company was working with the department to add explicit contractual language barring the intentional use of its systems for domestic surveillance of U.S. persons or nationals. " The AI system shall not be intentionally used for domestic surveillance of US persons and nationals ," Altman said the revised terms would state, adding that intelligence agencies such as the National Security Agency would be excluded from the deal for now. So - while OpenAI has likely bought some legal cover with these changes, there's always the possibility of unintentional use . From a Monday update to OpenAI's statement on the deal: Throughout our discussions, the Department made clear it shares our commitment to ensuring our tools will not be used for domestic surveillance. To make our principles as clear as possible, we worked together to add additional language to our agreement. This language makes explicit that our tools will not be used to conduct domestic surveillance of U.S. persons , including through the procurement or use of commercially acquired personal or identifiable infor...
Nvidia (NVDA 1.97%) has been one of the best stocks to own over the last few years, but it has been fairly dormant over the past few months. Since October, Nvidia's stock hasn't really done a whole lot, especially since investors are used to massive returns from the world's largest company. However, after it reported an incredible fourth quarter and gave strong guidance for this year, I believe th...
Nvidia (NVDA 1.97%) has been one of the best stocks to own over the last few years, but it has been fairly dormant over the past few months. Since October, Nvidia's stock hasn't really done a whole lot, especially since investors are used to massive returns from the world's largest company. However, after it reported an incredible fourth quarter and gave strong guidance for this year, I believe that Nvidia will have a huge March, and there's one reason why it's going to happen. Nvidia is undervalued for its growth Investors often debate whether a stock is overvalued or undervalued. However, when it comes to Nvidia, the conversation normally centers on why it's overvalued. I think that's nonsense, because when you integrate its growth, the stock actually looks cheap. During its fiscal 2026, ended Jan. 25, Nvidia delivered earnings per share (EPS) of $4.93. That's an impressive figure for Nvidia's price tag, but it doesn't paint the full picture. Back in April 2025, President Donald Trump barred Nvidia and its peers from selling their computing units to China. This caused Nvidia to take a massive write-down, which negatively impacted earnings. However, Nvidia may be getting the green light to export to China soon, although Nvidia hasn't yet included any Chinese revenue in its Q1 outlook. Expand NASDAQ : NVDA Nvidia Today's Change ( -1.97 %) $ -3.59 Current Price $ 178.89 Key Data Points Market Cap $4.4T Day's Range $ 176.92 - $ 180.51 52wk Range $ 86.62 - $ 212.19 Volume 2.5M Avg Vol 175M Gross Margin 71.07 % Dividend Yield 0.02 % At Nvidia's current $195 price tag, $4.93 in earnings would price the stock at nearly 40 times trailing earnings. However, using a backward-looking approach is the wrong way to assess Nvidia, as it's growing so quickly. In Q4, Nvidia posted 73% revenue growth, making whatever happened in the past 12 months nearly irrelevant to what's going to happen in the next 12. A far better way of valuing Nvidia's stock is using forward earnings. If you ...
pengpeng Fueled by its newly acquired Helly Hansen business, Kontoor Brands ( KTB ) experienced a surge in fourth quarter sales that topped Wall Street’s expectations and led the company to forecast 9% sales growth and increased profitability for FY26. Shares opened above the 100- and 200-day moving averages for the first time in more than two months. “We had a strong finish to the year driven by ...
pengpeng Fueled by its newly acquired Helly Hansen business, Kontoor Brands ( KTB ) experienced a surge in fourth quarter sales that topped Wall Street’s expectations and led the company to forecast 9% sales growth and increased profitability for FY26. Shares opened above the 100- and 200-day moving averages for the first time in more than two months. “We had a strong finish to the year driven by better-than-expected revenue, earnings, and cash generation,” said Scott Baxter, Kontoor Brands CEO. “2025 was a transformational year for Kontoor, highlighted by the acquisition of Helly Hansen, strong growth in Wrangler, and disciplined execution.” The parent company of Wrangler and Lee Jeans generated 46% more revenue in the fourth quarter, which includes a 36-percentage point benefit from the Helly Hansen acquisition. Excluding Helly Hansen and the benefit from an extra week in 2025, sales were up a much more modest 2%. Within its brands, Wrangler’s global sales increased 12%, driven by a 16% increase in U.S. DTC sales and an 11% increase in wholesale sales. Lee sales were up 2%, driven by a 9% increase in U.S. DTC sales and 8% in wholesale sales. In Helly Hansen, global revenue reached $254M. The company’s profitability improved as well, with adjusted earnings up 26% to $1.73 per share, which includes a $0.10 benefit from incremental demand creation and brand investments relative to Kontoor’s prior outlook and is $0.09 better than expected. The combination of increased revenue and profitability raised Kontoor Brands’ ( KTB ) adjusted gross profit margin by 210 basis points to 46.8% and is expected to increase 60-80 basis points in FY26 to 47.2%. The company issued guidance for both the first half of 2026 and the full year, reflecting H1 sales growth of 22% to 23% and 9% for the year. For the first half of the year, the company expects to earn a profit of $2.25 to $2.30 per share and between $6.40 and $6.50 for the year, exceeding FY26 estimates of $5.96. Moreover, volu...
South Sudan is reeling from an escalating conflict between the government-aligned army and opposition forces and allied groups that observers say risks returning the country to a full-blown civil war. Violent confrontations in the world’s youngest country between the military, which is loyal to President Salva Kiir, and insurgents believed to be allied to the suspended vice-president, Riek Machar,...
South Sudan is reeling from an escalating conflict between the government-aligned army and opposition forces and allied groups that observers say risks returning the country to a full-blown civil war. Violent confrontations in the world’s youngest country between the military, which is loyal to President Salva Kiir, and insurgents believed to be allied to the suspended vice-president, Riek Machar, have increased in recent weeks. On Sunday, at least 169 people were killed after armed youth from Mayom county in the north raided a village in neighbouring Abiemnom county near the Sudan border. View image in fullscreen Members of the SPLA-IO gather at a security post outside local government offices in Akobo, Jonglei state. Photograph: Luis Tato/AFP/Getty Images The victims included including women, children and members of government security forces, said James Monyluak Majok, the information minister for the administrative area of Ruweng, where Abiemnom is located. The UN mission in South Sudan said it was sheltering more than 1,000 civilians in its base in the area and providing medical care to those injured. It said about 23 people were wounded in the attack. Stephano Wieu de Mialek, the chief administrator of Ruweng, said the assault was carried out by people linked to the White Army, a militia that was allied to Machar during the civil war, alongside forces affiliated with Machar’s political party and rebel group, the Sudan People’s Liberation Movement-in-Opposition (SPLM-IO). View image in fullscreen Internally displaced people gather at a church compound in Akobo. Photograph: Florence Miettaux/AP The group denied responsibility for the attack and said it had no military presence in the area. On Monday, Doctors Without Borders (MSF) said 26 of its staff were unaccounted for after recent violence in parts of Jonglei state, which has witnessed intense fighting between government and opposition forces since December. The humanitarian organisation said on 3 February th...
franckreporter U.S. equities fell sharply Tuesday as geopolitical turmoil in the Middle East rippled through financial markets, dragging the S&P 500 ( SP500 ) to its weakest level in more than three months. The benchmark index slid 2.4% on the session, trading near 6,715 after dipping as low as 6,710.42 and marking a fresh year-to-date low. The move erased all the S&P 500’s gains for 2026 and left...
franckreporter U.S. equities fell sharply Tuesday as geopolitical turmoil in the Middle East rippled through financial markets, dragging the S&P 500 ( SP500 ) to its weakest level in more than three months. The benchmark index slid 2.4% on the session, trading near 6,715 after dipping as low as 6,710.42 and marking a fresh year-to-date low. The move erased all the S&P 500’s gains for 2026 and left it roughly 4% below its late-January record high of 7,002.28. Investors attributed the sell-off to intensifying conflict between Iran, Israel, and the United States following a series of military strikes and retaliatory actions that have widened the Gulf crisis. As the index tumbles, listed below are the 10 worst S&P 500 performers of the session: Albemarle Corporation ( ALB ), -9.6% Ciena Corporation ( CIEN ), -9.1% Newmont Corporation ( NEM ), -9% NRG Energy, Inc. ( NRG ), -8.9% Corning Incorporated ( GLW ), -8.8% Freeport-McMoRan, Inc. ( FCX ), -8.7% Sandisk Corporation ( SNDK ), -8.6% Teradyne, Inc. ( TER ), -8% Paramount Skydance Corp. ( PSKY ), -7.9% Micron Technology, Inc. ( MU ), -7.9% S&P 500 ETFs: ( SPY ), ( VOO ), ( IVV ), ( RSP ), ( SSO ), ( UPRO ), ( SH ), ( SDS ), ( SPXU ), ( FXAIX ), ( VFIAX ), ( VFFSX ), and ( SWPPX ). More on markets Dividends in demand as Iran conflict sends markets reeling Invesco says stay calm and invested as stocks often climb after war-driven volatility When markets should expect a U.S. — Iran ceasefire; See what prediction markets say VIX surges to three-month high as Iran conflict sparks market turmoil Value or Growth? These 15 stocks are offering both
The 5G war just left Earth. Elon Musk amplified a post touting Starlink Mobile's next-generation satellites, promising 5G speeds from space and "100x the data density" versus its V1 satellites. The claim: seamless streaming, voice calls and high-speed apps — as if connected to a terrestrial network. Around the same time, Amazon.com Inc (NASDAQ:AMZN) signaled its own escalation. Starlink Vs Kuiper:...
The 5G war just left Earth. Elon Musk amplified a post touting Starlink Mobile's next-generation satellites, promising 5G speeds from space and "100x the data density" versus its V1 satellites. The claim: seamless streaming, voice calls and high-speed apps — as if connected to a terrestrial network. Around the same time, Amazon.com Inc (NASDAQ:AMZN) signaled its own escalation. Starlink Vs Kuiper: Disruption Or Integration? Amazon's satellite unit, Project Kuiper, announced that Vodafone will use its high-speed satellite backhaul to connect remote 4G and 5G sites across Europe and Africa. Rather than bypassing telecom operators, Amazon is embedding itself inside their infrastructure. That's the strategic divide. Musk and SpaceX are pushing direct-to-device connectivity — potentially reducing reliance on towers altogether. Amazon is strengthening those towers, extending carrier networks into hard-to-reach regions. One wants to disrupt the mobile network model. The other wants to power it. Why This 5G Space Race Matters Satellite internet was once about rural broadband. Now it's about telecom economics. If Starlink truly delivers terrestrial-grade 5G from orbit, the traditional carrier capex model faces pressure. If Kuiper becomes the backbone for remote 5G expansion, Amazon inserts itself into global telecom infrastructure. Africa and underserved regions may become the testing ground. In markets where building towers is costly and terrain is challenging, space-based 5G could leapfrog legacy networks. This is no longer just a satellite story. It's a battle over who controls the next layer of global connectivity — and the 5G war is officially in orbit. Photo: Frederic Legrand – COMEO from Shutterstock
Hirurg/E+ via Getty Images Stitch Fix, Inc. ( SFIX ) is a unique online clothing retailer. The company’s shipment strategy brings clear value to consumers that want convenience, but unfortunately, the business model has its downsides as well. Stitch Fix’s shrinking customer base and unprofitable GAAP earnings underline issues that need to be fixed. Going into the fiscal Q2 report on March 11th , S...
Hirurg/E+ via Getty Images Stitch Fix, Inc. ( SFIX ) is a unique online clothing retailer. The company’s shipment strategy brings clear value to consumers that want convenience, but unfortunately, the business model has its downsides as well. Stitch Fix’s shrinking customer base and unprofitable GAAP earnings underline issues that need to be fixed. Going into the fiscal Q2 report on March 11th , Stitch Fix’s top-line momentum is clearly starting to improve, but I still don’t assume much from the company’s profitability. Long-term visibility remains low. A weak long-term performance is also reflected in Stitch Fix’s stock price. The stock has lost -79% of its value during the time that it has traded publicly. Seeking Alpha An Introduction to Stitch Fix and Its Troubles Stitch Fix is an apparel company with a unique value proposition , emphasizing convenience. The company sends its customers a shipment of clothes curated by Stitch Fix stylists and the company’s algorithms either through regular shipments or on demand. Sent apparel is curated from Stitch Fix’s brand partners and the company’s own private label brands. Customers can then try on the sent clothes at home and can decide to either buy or return any number of the shipped items. Stitch Fix had 2.31 million active clients at the end of FY2025, down by -7.9% from a year ago. While Stitch Fix previously managed to grow well, extrapolating in FY2021 during the Covid pandemic, the business has since turned into a significant multi-year downward trend as customers have fled the platform. Although Stitch Fix’s average order value has increased quite consistently, the company’s revenue trajectory clearly reflects client trends more. Revenues have declined from $2.1 billion in FY2021 to $1.3 billion currently. Author's Illustration Using SFIX 10-K Data The business model comes with major structural concerns in my opinion. I have previously noted online apparel retailers’ inherent margin issues regarding high shipment ...
Wheat is trading with Tuesday morning gains, up 1 to 7 cents across the three markets. The wheat complex was in give back mode on Monday, with all three markets weaker. Chicago SRW futures were down 14 to 17 cents across most contracts. Preliminary open interest was down 2,709 contracts on Monday, mainly in May. KC HRW futures were down 5 to 6 cents at the close. OI slipped 729 contracts. MPLS spr...
Wheat is trading with Tuesday morning gains, up 1 to 7 cents across the three markets. The wheat complex was in give back mode on Monday, with all three markets weaker. Chicago SRW futures were down 14 to 17 cents across most contracts. Preliminary open interest was down 2,709 contracts on Monday, mainly in May. KC HRW futures were down 5 to 6 cents at the close. OI slipped 729 contracts. MPLS spring wheat as down 1 to 3 cents on Monday. The 7-day forecast is calling for less than ½ inch of precip in western potions of KS, and the OK/TX panhandles. Eastern portions of the Plains are seen with heavier precip totals. Don’t Miss a Day: USDA’s FGIS tallied wheat export shipments at 344,272 MT (12.65 mbu) during the week ending on February 26. That was 38.9% below the week prior and 11.98% shy of than the same week last year. The Philippines was the top destination of 88,227 MT, with 47,000 MT headed to Tanzania and 39,587 MT to Mexico. Marketing year exports for 2025/26 are 18.62 MMT (684 mbu) since June 1, which is now 18.82% above the same period last year. Saudi Arabia purchased a total of 794,000 MT of wheat in their tender over the weekend. Mar 26 CBOT Wheat closed at $5.74 1/2, down 16 3/4 cents, currently up 5 cents May 26 CBOT Wheat closed at $5.77 1/4, down 14 1/4 cents, currently up 3 1/2 cents Mar 26 KCBT Wheat closed at $5.67, down 5 3/4 cents, currently unch May 26 KCBT Wheat closed at $5.74 3/4, down 5 3/4 cents, currently up 6 1/2 cents Mar 26 MIAX Wheat closed at $5.98 1/2, down 1 3/4 cents, currently up 1 1/4 cents May 26 MIAX Wheat closed at $6.10, down 2 3/4 cents, currently up 2 1/4 cents More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Corn prices are 3 to 5 cents higher so far on Tuesday morning. Crude is up another $4.83, adding some support. Futures rounded out Monday trade, with contracts down fractionally to 5 ½ cents in the nearbys. Deferred new crop contracts were up fractionally to 2 1/4 cents. Open interest was down 14,119 contracts on Monday, suggesting some longs were liquidating. There were 215 deliveries issued over...
Corn prices are 3 to 5 cents higher so far on Tuesday morning. Crude is up another $4.83, adding some support. Futures rounded out Monday trade, with contracts down fractionally to 5 ½ cents in the nearbys. Deferred new crop contracts were up fractionally to 2 1/4 cents. Open interest was down 14,119 contracts on Monday, suggesting some longs were liquidating. There were 215 deliveries issued overnight. The CmdtyView national average Cash Corn price was down 1 1/2 cents to $4.05 3/4. Export Inspections data showed corn shipments at 1.858 MT (73.17 mbu) shipped in the week that ended on February 26. That was down 8% from last week, but still the 3rd largest this year and up 37.41% from the same week last year. Mexico was the top destination of 521,921 MT, with 269,686 MT to South Korea and 221,965 MT to Japan. Marketing year shipments have totaled 39.619 MMT (1.56 mbu), which is up 42.29% yr/yr. Don’t Miss a Day: USDA’s Grain Crushing report from NASS showed a total of just 460.95 million bushels of corn used for ethanol production in January, shy of estimates. That was a decline of 1.49% from a year ago and down 4.5% from December’s revised (~5 mbu lower) total. A couple separate tenders from South Korean importers saw a total of 133,000 MT purchased overnight. Safras & Mercado estimates the Brazilian corn crop at 141.71 MMT, down 1.17 MMT from their previous number. StoneX raised their estimate by 0.5 MMT to 136 MMT. Mar 26 Corn closed at $4.33 1/4, down 5 1/2 cents, currently up 4 3/4 cents Nearby Cash was $4.05 3/4, down 1 1/2 cents, May 26 Corn closed at $4.45 3/4, down 2 3/4 cents, currently up 5 cents Jul 26 Corn closed at $4.54 1/4, down 1 3/4 cents, currently up 5 cents More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Live cattle futures saw strength into the Monday close, as contracts were 30 to 90 cents higher. Equities are weaker early on Tuesday, which could add some pressure at the open. Cash trade was late last week, with Southern action at $244 and Northern sales from $239-243. Feeder cattle futures saw stronger trade, shrugging off early losses to close $1.85 to $2.30 higher. The CME Feeder Cattle Index...
Live cattle futures saw strength into the Monday close, as contracts were 30 to 90 cents higher. Equities are weaker early on Tuesday, which could add some pressure at the open. Cash trade was late last week, with Southern action at $244 and Northern sales from $239-243. Feeder cattle futures saw stronger trade, shrugging off early losses to close $1.85 to $2.30 higher. The CME Feeder Cattle Index was down another 97 cents to $371.82 on February 27. The OKC feeder cattle auction on Monday showed 5,500 head for sale, with feeder steers $2-8 lower and heifers down $4-10. Calves were down $5-15 for steers and 10-20 lower on heifers. Wholesale Boxed Beef prices were higher in the Monday afternoon report, with the Chc/Sel spread narrowing to $3.13. Choice boxes were up $1.50 to $381.34, while Select was $3.90 higher to $378.21. USDA estimated federally inspected cattle slaughter for Monday at 102,000 head. That is 4,000 head below with the previous Monday and 2,764 head shy of the same Monday last year. Don’t Miss a Day: Apr 26 Live Cattle closed at $233.100, up $0.875, Jun 26 Live Cattle closed at $229.650, up $0.500, Aug 26 Live Cattle closed at $228.175, up $0.375, Mar 26 Feeder Cattle closed at $357.275, up $1.850, Apr 26 Feeder Cattle closed at $353.325, up $2.125, May 26 Feeder Cattle closed at $349.475, up $2.275, More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
President Javier Milei ’s marquee program for luring investment into Argentina is poised to attract a new round of applications from crude producers after his administration broadened it to include shale oil wells. YPF SA , Vista Energy SAB , and Pampa Energia SA said on recent earnings calls that they were all eyeing the program. Known by its Spanish acronym RIGI, the incentive scheme provides 30...
President Javier Milei ’s marquee program for luring investment into Argentina is poised to attract a new round of applications from crude producers after his administration broadened it to include shale oil wells. YPF SA , Vista Energy SAB , and Pampa Energia SA said on recent earnings calls that they were all eyeing the program. Known by its Spanish acronym RIGI, the incentive scheme provides 30-year tax breaks and freer customs and export rules. RIGI’s scope was expanded on Feb. 19 to spur development of virgin oil fields in the Vaca Muerta shale patch. A dedicated pipeline and a port for crude exports are being built quickly, and the US shale industry — which is running out of prime acreage — is taking an interest in migrating to Argentina. “It will help for sure to develop the full Vaca Muerta,” YPF Chief Executive Officer Horacio Marin said Friday on the state-run company’s fourth-quarter earnings call . His comments were echoed by executives at Vista and Pampa on their respective calls. For Matias Cattaruzi , an equities analyst at Adcap in Buenos Aires, incorporating shale oil drilling into RIGI “will help to accelerate investments in blocks that were expected to be developed closer to 2029–30 and could now be brought forward a few years.” He said the tax breaks alone would boost returns on those blocks by up to 12%. By some estimates , the RIGI program has already drawn applications from energy and mining projects that would require a total investment of more than $50 billion. YPF Chief Readies War Chest for Shale Push as Milei Bolsters Oil Argentina’s $40 Billion Copper Boom Hinges on Glacier Law Revamp Milei Is Tapping Argentina’s Permian in Bid to Cement Reforms JPMorgan, Citi in Talks to Finance $1 Billion Argentina Pipeline Harold Hamm’s Continental Expands Push Into Vaca Muerta
Key Takeaways Taiwan Semiconductor (TSM) declined 5.5% on March 3, 2026, caught in widespread risk-off sentiment across equity markets. Rising U.S.-Iran geopolitical concerns triggered defensive positioning, with chip and AI stocks bearing the brunt of selling pressure. Q4 2025 saw significant institutional repositioning, with FMR LLC and Goldman Sachs among those reducing TSM exposure. Wall Stree...
Key Takeaways Taiwan Semiconductor (TSM) declined 5.5% on March 3, 2026, caught in widespread risk-off sentiment across equity markets. Rising U.S.-Iran geopolitical concerns triggered defensive positioning, with chip and AI stocks bearing the brunt of selling pressure. Q4 2025 saw significant institutional repositioning, with FMR LLC and Goldman Sachs among those reducing TSM exposure. Wall Street maintains a bullish stance with a “Buy” consensus and median target price of $405, while TSM’s market cap stands at $1.91 trillion. Investors await TSMC’s February 2026 monthly revenue report, set for release on March 10, 2026. Taiwan Semiconductor Manufacturing (TSM) experienced a sharp 5.5% decline on Tuesday, March 3, 2026, retreating from its impressive late-February momentum that had brought shares close to all-time highs. Taiwan Semiconductor Manufacturing Company Limited, TSM The pullback appears rooted in broader macroeconomic concerns rather than company-specific developments. Heightened geopolitical risk stemming from intensifying U.S.-Iran tensions prompted widespread defensive positioning among market participants. Semiconductor and artificial intelligence-related equities faced particularly acute pressure. Following a robust rally fueled by optimistic expectations, this sector has demonstrated vulnerability to swift reversals even absent fresh negative catalysts. U.S. index futures exhibited volatility throughout trading hours, with concurrent sharp movements in energy commodities and interest rates — hallmarks of risk-averse market conditions. TSM commenced Tuesday’s session at $368.94. The stock’s 50-day moving average currently stands at $338.91, while the 200-day moving average rests at $299.33, indicating the shares maintain significant elevation above both technical benchmarks despite today’s weakness. Over the trailing twelve months, shares have oscillated between $134.25 and $390.20. Taiwan Semiconductor commands a market capitalization of $1.91 trill...
asbe The Dow Jones Industrial Average ( DJI ) has fallen 2.5% or more than 1,200 points, marking its worst day in almost a year. The blue-chip index saw its 1,000-point+ decline since April 10, 2025, after sinking 5.5% after Liberation Day on April 4, 2025. The Dow had similar plunges during the 2020 pandemic panic on April 9 and 11 of that year, when it dropped 1,286.29 and 1,276.31 points, respe...
asbe The Dow Jones Industrial Average ( DJI ) has fallen 2.5% or more than 1,200 points, marking its worst day in almost a year. The blue-chip index saw its 1,000-point+ decline since April 10, 2025, after sinking 5.5% after Liberation Day on April 4, 2025. The Dow had similar plunges during the 2020 pandemic panic on April 9 and 11 of that year, when it dropped 1,286.29 and 1,276.31 points, respectively. Here are the top decliners contributing to the Dow’s downfall: Caterpillar ( CAT ) -5.4% Sherwin-Williams ( SHW ) -5% Boeing ( BA ) -3.5% Nike ( NKE ) -3.4% UnitedHealth Group ( UNH ) -3% Goldman Sachs Group ( GS ) -3% Amgen ( AMGN ) -2.9% Home Depot ( HD ) -2.6% Procter & Gamble ( PG ) -2.5% Nvidia ( NVDA ) -2.5% Dow ETFs: ( DIA ), ( DDM ), ( UDOW ), ( DOG ), ( DXD ), and ( SDOW ). More on Dow Jones Industrial Average Index Expectations Changing? - Weekly Blog # 930 Bombs Over Iran: The Impact On Markets Investors Ignore War Time Risks U.S. stocks continue to languish amid Middle East conflict, South Korea chip selling VIX surges to three-month high as Iran conflict sparks market turmoil
Rigetti Computing ( RGTI ) will report its results for the fourth quarter on Wednesday, after markets close. Wall Street expects the company to post a loss of $0.03 per share on a revenue of $2.33M, implying a rise of around 2.6% year over year. During the quarter, Rigetti Computing reported third-quarter results that saw it beat earnings expectations while missing on revenue. Management also outl...
Rigetti Computing ( RGTI ) will report its results for the fourth quarter on Wednesday, after markets close. Wall Street expects the company to post a loss of $0.03 per share on a revenue of $2.33M, implying a rise of around 2.6% year over year. During the quarter, Rigetti Computing reported third-quarter results that saw it beat earnings expectations while missing on revenue. Management also outlined a technology roadmap targeting a 1,000-plus qubit system by 2027 and highlighted progress on global partnerships. Separately, it also announced support for NVIDIA’s NVQLink quantum-AI platform, demonstrating collaboration at NVIDIA’s GTC event, as quantum stocks saw bouts of volatility tied to government-related headlines and analyst rating actions. According to Alpha’s Quant Rating system, RGTI is rated Hold with an overall score of 2.79 out of 5, reflecting grades of B both in terms of growth and momentum, but a D- in profitability. An analyst at Seeking Alpha said Rigetti faces near-term headwinds as “growth stocks are pressured” and after it “delayed the launch of one of its 108-qubit quantum systems,” adding that there has been “no official update” on potential benefits from the U.S. DoE grant and no indication yet on DARPA qualification. At the same time, they highlighted tailwinds, including a strong balance sheet with “$450M cash and low debt,” and described the $8.4M India purchase order as a “silver lining” that could support a revenue inflection if most of the backlog is recognized in CY26. Over the past year, RGTI has beaten EPS estimates 25% of the time and has beaten revenue estimates 75% of the time. Shares have fallen about 10% over the past month and are down roughly 24.2% so far this year. More on CoreWeave: Unapologetic Capex Meets Unforgiving Economics I Didn't Expect It To Get This Cheap - AvalonBay Communities Baron Health Care Fund Q4 2025 Recent Activity FCC signals it's unlikely to block Paramount-Warner Bros. deal - FT Top 10 Real Estate Stock...
This article first appeared on GuruFocus. US officials are weighing tighter guardrails on Nvidia (NASDAQ:NVDA) as the company attempts to reengage with China's AI market, with the Trump administration discussing a potential cap of 75,000 H200 chips per Chinese customer, according to people familiar with the matter. Shipments of Advanced Micro Devices' (NASDAQ:AMD) MI325 accelerators would count to...
This article first appeared on GuruFocus. US officials are weighing tighter guardrails on Nvidia (NASDAQ:NVDA) as the company attempts to reengage with China's AI market, with the Trump administration discussing a potential cap of 75,000 H200 chips per Chinese customer, according to people familiar with the matter. Shipments of Advanced Micro Devices' (NASDAQ:AMD) MI325 accelerators would count toward the same ceiling. While total exports to China could still reach as many as 1 million units under an upper bound set earlier in the regulatory process, the per-customer restriction would materially shape how much capacity leading Chinese technology firms can realistically secure. The proposed 75,000-unit threshold is less than half of what companies such as Alibaba (NYSE:BABA) and ByteDance have privately indicated they hope to purchase, suggesting that even an approved framework may fall short of initial demand expectations. At the center of the negotiations is the H200, Nvidia's most powerful chip from its previous generation and the industry benchmark for training and operating AI systems such as ChatGPT before the launch of the Blackwell line last year. The H200 delivers six times the computational capability of the products previously authorized for sale to China and is described as far more advanced than comparable offerings from Huawei. President Donald Trump said in December that Chinese leader Xi Jinping had responded positively to the H200 proposal, and Chinese regulators have instructed companies to begin preparing orders. A planned meeting between Trump and Xi in the coming weeks could prove important, as the US president seeks an agreement to permit H200 exports to nonmilitary Chinese entities. So far, Washington has approved only a limited number of H200 shipments, and Nvidia has stated it is not currently generating data center revenue from China and remains uncertain whether Beijing will ultimately permit imports. Implementation details may ultimately d...