PM Images/DigitalVision via Getty Images I previously covered Nvidia Corporation ( NVDA ) in December 2025, discussing why I had reiterated my Buy rating then, with the robust hyperscaler demand for its market-leading AI chips/networking offerings already flowing into the management's outsized forward guidance and their excellent pricing power. Combined with the aggressive R&D efforts, the cheap v...
PM Images/DigitalVision via Getty Images I previously covered Nvidia Corporation ( NVDA ) in December 2025, discussing why I had reiterated my Buy rating then, with the robust hyperscaler demand for its market-leading AI chips/networking offerings already flowing into the management's outsized forward guidance and their excellent pricing power. Combined with the aggressive R&D efforts, the cheap valuations, the established support at the $170s, and the expanding AI TAM through 2030, I was of the opinion that NVDA might remain an AI godfather moving forward. In this article, I shall discuss why I am upgrading NVDA as a Strong Buy here, thanks to the improved margin of safety from the ongoing consolidation along the 50/100/200-day moving averages and the consequently deep value, profitable growth valuations. This is significantly aided by their ability to strategically invest in their growth opportunities, such as Groq's licensing at $20B and OpenAI's ( OPENAI ) financing at $30B, thanks to the rich gross profit margins, the growing Free Cash Flow generation, and the healthier balance sheet . Competition Risks Dampen Sentiments NVDA 1Y Stock Price ( TradingView ) Since my last Buy rating, NVDA has continued to trade sideways along the established support levels of $170s and the resistance levels of $190s since July 2025, with a similar development also observed in many of its AI infrastructure peers in varying degrees. Given the durable data center-related spending trends as similarly reiterated by numerous hyperscalers/neoclouds in the recent Q4 '25 earnings season and the consequent tailwinds on their top/bottom-line growth prospects, NVDA's ongoing stock price consolidation has notably exemplified the cooling market sentiments surrounding the AI boom. The same has been observed in the ongoing market rotation to value/dividend-oriented stocks since November 2025, with it perhaps explaining why NVDA's stock prices have barely moved despite the outsized FQ4 '26 perfor...
Interactive Brokers Group ( IBKR ) on Monday reported a 21% year-over-year increase and 1% month-over-month decrease in its February daily average revenue trades to 4.366M. Ending client equity was up 40% from the prior year and 1% from January to $820B. Ending client margin loan balances rose 42% from last year and fell 1% on a monthly basis to $90.0B. Ending client credit balances of $162.0B wer...
Interactive Brokers Group ( IBKR ) on Monday reported a 21% year-over-year increase and 1% month-over-month decrease in its February daily average revenue trades to 4.366M. Ending client equity was up 40% from the prior year and 1% from January to $820B. Ending client margin loan balances rose 42% from last year and fell 1% on a monthly basis to $90.0B. Ending client credit balances of $162.0B were up 31% from the same period of 2025 and about even with the previous month. Client accounts increased 31% from a year ago and 2% from a month ago to reach 4.646M. More on Interactive Brokers Group Interactive Brokers: The Growth Continues, But Valuation Leaves Little Room Interactive Brokers: The Quiet Compounder Riding The Global Trading Boom Interactive Brokers Group, Inc. (IBKR) Presents at Bank of America Financial Services Conference 2026 Transcript Interactive Brokers signals continued global expansion and record client growth with 1M new accounts in 2025 Interactive Brokers Q4 earnings top consensus as DARTs, NII climb
The US won’t get embroiled in another “endless war,” Defense Secretary Pete Hegseth said after three US fighters were shot down by friendly fire by Kuwait and four US servicemen were killed. “This is not Iraq, this is not endless,” Hegseth told reporters today. “This operation is a clear, devastating, decisive mission.” US President Donald Trump said that a major offensive is still to come. “The b...
The US won’t get embroiled in another “endless war,” Defense Secretary Pete Hegseth said after three US fighters were shot down by friendly fire by Kuwait and four US servicemen were killed. “This is not Iraq, this is not endless,” Hegseth told reporters today. “This operation is a clear, devastating, decisive mission.” US President Donald Trump said that a major offensive is still to come. “The big wave hasn’t even happened,” he said in an interview with CNN . The timeline is shifting and Trump said he believes the US is ahead of its projected schedule but that there is no fixed timeline. “Whatever the time is, it’s okay,” he said in live remarks. Blasts were heard across Israel, Saudi Arabia, Qatar and the United Arab Emirates, as countries intercepted Iranian missiles launched in response to US-Israeli strikes. Oil surged the most in four years and airlines suspended flights, causing major disruptions at some of the world’s busiest airports. The developments highlighted the speed with which the conflict spread regionally , the questions about how easily the US administration could accomplish its goals as well as the deep-seated reservations in the US about a prolonged military conflict such as Iraq or Afghanistan. They also underscored confusion about what the ultimate aim was after US-Israeli airstrikes killed Iran’s supreme leader , Ayatollah Ali Khamenei, over the weekend. Trump has talked about freedom for Iranians and preventing the country from having long-range missiles and nuclear weapons. But he’s also said he could cut a deal with the Islamic Republic. — Zoltan Simon What You Need to Know Today Qatar shut down liquefied natural gas production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging more than 50% and rattling global energy markets. QatarEnergy’s Ras Laffan plant covers about a fifth of global LNG supply and the unprecedented halt now threatens energy security worldwide. ...
Everus Construction Group, Inc. (ECG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Everus Construction Group, Inc. (ECG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
What's Igniting Today's U.S. Antimony Spike? Potential Catalysts United States Antimony Corp. shares are surging in the early U.S. cash session as geopolitical risk around U.S.-China relations is set to deteriorate, with Beijing's condemnation of the U.S.-Israeli strike on Iran raising the likelihood that President Trump's upcoming trip to Beijing could be a bust. The deterioration in Sino-U.S. re...
What's Igniting Today's U.S. Antimony Spike? Potential Catalysts United States Antimony Corp. shares are surging in the early U.S. cash session as geopolitical risk around U.S.-China relations is set to deteriorate, with Beijing's condemnation of the U.S.-Israeli strike on Iran raising the likelihood that President Trump's upcoming trip to Beijing could be a bust. The deterioration in Sino-U.S. relations was evident overnight, with China's Foreign Minister Wang Yi calling for an immediate ceasefire in Trump's Operation Epic Fury against Iran, which risks wider regional conflict. Wang told Russia's Foreign Minister Sergei Lavrov on a phone call that the "blatant killing of a sovereign leader" and the incitement of regime change were "unacceptable." This phone call was based on reporting from China's state-run Xinhua news agency. The killing of Iranian Supreme Leader Ayatollah Ali Khamenei and the capture of Venezuelan leader Nicolas Maduro have created growing uncertainty around President Trump's three-day trip to China later this month. " I worry the U.S. side might use Iran, if it's going poorly, to delay the trip, " a foreign business executive tracking meeting preparations told CNBC. The executive added, "I think the risk [of the trip falling apart] is on the U.S. side more than the Chinese side." The likely deterioration in Sino-U.S. relations increases the risk of a new round of Chinese restrictions on critical-mineral and rare-earth exports targeting the U.S. Let's not forget that Trump has effectively shuttered cheap oil flows from Venezuela and Iran to China ( read here ). Beijing is infuriated. Attention has shifted to UAMY's strategic value as North America's only operator of antimony smelting capacity . This creates a unique position for the company if imports from Asia are curbed. UAMY +8% https://t.co/6fegdDj996 — zerohedge (@zerohedge) March 2, 2026 Shares are up more than 13% in the U.S. cash session. Another potential catalyst (market-based): Related...
ToucanStudios/E+ via Getty Images By Mandy Xu Cross-Asset Volatility: Implied volatilities are up across asset classes following the US/Israeli strikes on Iran over the weekend, as the conflict escalated in the region. Oil prices surged higher, up 8% this morning, with tanker traffic in the Strait of Hormuz essentially halted (the Strait handles a fifth of global oil shipments typically). Oil 1M i...
ToucanStudios/E+ via Getty Images By Mandy Xu Cross-Asset Volatility: Implied volatilities are up across asset classes following the US/Israeli strikes on Iran over the weekend, as the conflict escalated in the region. Oil prices surged higher, up 8% this morning, with tanker traffic in the Strait of Hormuz essentially halted (the Strait handles a fifth of global oil shipments typically). Oil 1M implied volatility jumped 7 pts to near a 1-year high of 60%, while skew remains extremely inverted (i.e., calls trading at a premium to puts) as investors position for further upside in oil. As we noted last week , what’s unusual about this latest geopolitically driven spike in oil prices is the positioning in longer-dated options. While it’s not uncommon to see skew invert at the front end of the curve, we’re seeing this extend to longer-dated options as well, with WTI oil 6M skew also inverting last week – that hasn’t happened since the 2022 Russia/Ukraine conflict. Not surprisingly, haven assets are rallying this morning, with the US Dollar and gold both up. US Treasuries, notably, are not, with bond yields increasing as a result of higher inflation expectations. Aside from geopolitics, we’re also seeing a notable bid to credit volatility on the back of rising fears over private credit. VIXIG (IG credit vol) index jumped 10 pts last week to the highest level since last May, while the implied-realized spread also widened (see pg 2). For most of the past year, credit volatility has traded as the cheapest cross-asset vol, but that has changed in recent weeks (see Exhibit 1). Rates and FX vol now screen as the cheapest. Equity Volatility: The VIX® index is up almost 4 pts this morning, outperforming the sell-off in S&P futures (-1.1%). This is on the back of higher SPX® fixed-strike vols (contributing 1.8 VIX pts) and steeper skew/convexity (contributing another 0.7 pt to the VIX index). As we’ve highlighted in recent weeks, SPX skew has steepened significantly this year on ...
Tech workers have signed an open letter urging the Department of War to withdraw its designation of Anthropic as a "supply chain risk" and instead to settle the matter quietly.
Tech workers have signed an open letter urging the Department of War to withdraw its designation of Anthropic as a "supply chain risk" and instead to settle the matter quietly.