Elon Musk denied reports that SpaceX is excluding Robinhood Markets and SoFi Technologies from its initial public offering, calling them "false." However, the speculation highlighted a deeper truth: retail platforms are already integral to Tesla’s trading. These reports are false— Elon Musk (@elonmusk) March 31, 2026 Don't Miss: Some of the biggest financial mistakes come from going it alone—this ...
Elon Musk denied reports that SpaceX is excluding Robinhood Markets and SoFi Technologies from its initial public offering, calling them "false." However, the speculation highlighted a deeper truth: retail platforms are already integral to Tesla’s trading. These reports are false— Elon Musk (@elonmusk) March 31, 2026 Don't Miss: Some of the biggest financial mistakes come from going it alone—this short quiz connects you with a vetted advisor who can offer a second opinion on your strategy Explor
Mangione’s request for postponement relates to his New York state case in the killing of UnitedHealthcare’s CEO Sign up for the Breaking News US email to get newsletter alerts in your inbox Luigi Mangione is expected to appear before a Manhattan federal court judge on Wednesday morning in an effort to postpone his highly anticipated 8 September federal trial on charges of killing a top healthcare ...
Mangione’s request for postponement relates to his New York state case in the killing of UnitedHealthcare’s CEO Sign up for the Breaking News US email to get newsletter alerts in your inbox Luigi Mangione is expected to appear before a Manhattan federal court judge on Wednesday morning in an effort to postpone his highly anticipated 8 September federal trial on charges of killing a top healthcare executive on a Manhattan street. Mangione’s request for postponement relates to his New York state-level case in the killing of the UnitedHealthcare CEO Brian Thompson . The accused murderer’s Manhattan supreme court trial is scheduled for 8 June . Continue reading...
This hearty, slow-cooked soup is a celebration of all things Welsh, and its versatility makes it a year-round favourite Cawl is Wales’ gift to the world of thrifty, slow-cooked broths and, like all great peasant dishes, it’s seasonal, versatile and immensely practical. A few years ago, Food & Drink Wales invited me to create two food sustainability toolkits , one for hospitality and one for the pu...
This hearty, slow-cooked soup is a celebration of all things Welsh, and its versatility makes it a year-round favourite Cawl is Wales’ gift to the world of thrifty, slow-cooked broths and, like all great peasant dishes, it’s seasonal, versatile and immensely practical. A few years ago, Food & Drink Wales invited me to create two food sustainability toolkits , one for hospitality and one for the public, with both celebrating Welsh produce and recipes. This led me to explore Wales’ national dishes and discover cawl (or lobscows, the northern Welsh name for the dish) properly for the first time. Inspired by Welsh culinary legends Dudley Newbery and Tomos Parry’s recipes , it’s the perfect way to turn lamb leftovers, or even just a bone, into a hearty meal. Continue reading...
The more than 100 bat species living in the Mozambican reserve’s labyrinth of caves play a key role in maintaining a fragile ecosysytem that benefits wildlife and people • Words and photographs by Kang-Chun Cheng After wriggling gingerly into a damp, cool cave, Raúl da Silva Armando Chomela waits for his eyes to adjust. Donning latex gloves, a helmet fitted with a headlamp, and a mask to protect h...
The more than 100 bat species living in the Mozambican reserve’s labyrinth of caves play a key role in maintaining a fragile ecosysytem that benefits wildlife and people • Words and photographs by Kang-Chun Cheng After wriggling gingerly into a damp, cool cave, Raúl da Silva Armando Chomela waits for his eyes to adjust. Donning latex gloves, a helmet fitted with a headlamp, and a mask to protect his lungs from fine particles and bacteria, the molecular biologist from the Mozambican port city of Beira gazes into the shadowy recesses for signs of bats. He has spent two years in these claustrophobic spaces studying the winged mammals and their excrement. “Guano is far more than just bat droppings,” he says. “If I had to describe it in one word, I’d say ‘ecosystem’.” Continue reading...
The head of Hong Kong’s government investment agency has been appointed as a director of a global organisation that brings together leading firms and investors, marking the first time a Chinese sovereign wealth fund has held a seat on the board. FCLTGlobal announced on Wednesday that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation (HKIC), had become one of the 19 directors on its b...
The head of Hong Kong’s government investment agency has been appointed as a director of a global organisation that brings together leading firms and investors, marking the first time a Chinese sovereign wealth fund has held a seat on the board. FCLTGlobal announced on Wednesday that Clara Chan Ka-chai, CEO of the Hong Kong Investment Corporation (HKIC), had become one of the 19 directors on its board. “Clara brings deep experience and thoughtful leadership that will strengthen our work to...
China’s top Communist Party journal has reaffirmed the country’s push to rebalance trade, saying a worsening global environment marked by rising protectionism and geopolitical tensions is adding urgency to its ongoing shift from an “unsustainable” export-driven growth model. “The underlying conditions, and both domestic and external environment shaping China’s trade balance, are undergoing profoun...
China’s top Communist Party journal has reaffirmed the country’s push to rebalance trade, saying a worsening global environment marked by rising protectionism and geopolitical tensions is adding urgency to its ongoing shift from an “unsustainable” export-driven growth model. “The underlying conditions, and both domestic and external environment shaping China’s trade balance, are undergoing profound changes, while deep-seated weaknesses in the foreign trade sector remain pronounced,” said a...
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty Images As Apple celebrates its 50th anniversary, the company that's defined consumer electronics since introducing the iPod, and that forever changed user behavi...
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty Images As Apple celebrates its 50th anniversary, the company that's defined consumer electronics since introducing the iPod, and that forever changed user behavior in creating the iPhone, faces a host of critical questions about where it goes from here. Apple first became the world's most valuable company in 2011, passing Exxon Mobil , and held that title for large chunks of the decade plus that followed, occasionally getting surpassed by Alphabet or Microsoft . Apple is now second behind Nvidia , which catapulted ahead of all of its tech peers in the last couple years due its position at the heart of the artificial intelligence boom. So far in 2026, Apple's stock is down almost 7%, dropping more than the S&P 500 after underperforming the index last year. For Apple, AI is perhaps the biggest question mark. While the company continues to dominate the U.S. smartphone market and has a services business generating more than $100 billion in annual revenue, it's yet to make a significant splash in AI, as its peers are spending hundreds of billions of dollars combined this year building infrastructure to develop and support the latest models. Siri, Apple's voice assistant, has been slow to evolve, though the company has said a revamp is coming this year. The company's early history, written by the visionary Steve Jobs, has entered a new world, one where iPhones are making incremental advances while the technology surrounding it is in the midst of generational change. CEO Tim Cook , who took the helm shortly before Jobs' death in 2011, turned 65 in November. Cook has dismissed rumors that he's nearing retirement, telling ABC's "Good Morning America" in mid-March that, "I can't imagine life without Apple." Cook and his team have a lot to ta...
In this article V Follow your favorite stocks CREATE FREE ACCOUNT Visa Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026. Michael Nagle | Bloomberg | Getty Images Visa is launching six new tools using artificial intelligence to modernize the process of disputing credit card charges, the company told CNBC exclusively. The digital payments c...
In this article V Follow your favorite stocks CREATE FREE ACCOUNT Visa Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026. Michael Nagle | Bloomberg | Getty Images Visa is launching six new tools using artificial intelligence to modernize the process of disputing credit card charges, the company told CNBC exclusively. The digital payments company said the tools are designed to reduce the costs and frustration of "outdated" dispute processes for multiple entities involved in the payments process: merchants, issuers and acquirers. "Some of the challenges are these back-office systems are still largely manual," Andrew Torre, Visa's president of value-added services, told CNBC. "We really had to think differently about how we approach this at scale." In 2025, Torre said, Visa processed more than 103 million charge disputes globally, marking a 35% increase since 2019. "Our goal is to streamline this as much as possible," Torre said. "We'd love to be able to see that growth rate come down." Visa's new tools are part of a larger push by major banks and financial institutions to incorporate AI into their businesses — both internally and in consumer-facing applications. JPMorgan Chase and Goldman Sachs have both said they're already using AI to hire fewer people . BNY spent $3.8 billion on technology in 2025, or about 19% of its revenue. Visa said three of its six new tools focus on merchants, allowing them to address potential disputes before they escalate, managing disputes with generative AI responses and providing a deeper level of detail on order insights to manage confusion over unfamiliar charges. For example, Torre said, many disputes are borne out of cardholders not recognizing a specific charge on their statements. With the new tool, Visa will be able to provide further details to financial institutions to show cardholders that data at a deeper level, according to the company. The other three tools are built...
Seeking Alpha's Editorial Team is excited to announce a new article competition: Best Commodity Idea Competition Official Rules No purchase or payment is necessary to enter or win. A purchase or payment of any kind will not increase your chances of winning. 1. Eligibility New Article Competition: Best Commodity Idea Competition (the “Competition”) is open only to analysts who are eighteen (18) yea...
Seeking Alpha's Editorial Team is excited to announce a new article competition: Best Commodity Idea Competition Official Rules No purchase or payment is necessary to enter or win. A purchase or payment of any kind will not increase your chances of winning. 1. Eligibility New Article Competition: Best Commodity Idea Competition (the “Competition”) is open only to analysts who are eighteen (18) years of age or older at the time of entry. Employees of Seeking Alpha and its respective parent company, affiliates, subsidiaries, distributors, sales representatives, and all other service providers involved with the Competition and members of their immediate family (spouse, parents, siblings and children) and household members (whether related or not) of each such employee are not eligible to participate or win. To enter the Competition or receive a prize, you must fully comply with the Official Rules and, by entering, you represent and warrant that you agree to be bound by these Official Rules and the decisions of the Sponsor, whose decisions shall be binding and final in all respects relating to this Competition. The Competition is governed by these Official Rules and is subject to all applicable laws and regulations. 2. Sponsor Seeking Alpha 3. Timing Competition begins on April 1 at 12:00 a.m. ET and ends May 31 at 11:59 p.m. ET (“Competition Entry Period”). Important: All articles must be submitted (not necessarily published) by the abovementioned date. 4. How to Enter You must be a Seeking Alpha analyst. If you are not an analyst, you can register for free to become an analyst. There is no cost associated with registering as the Sponsor’s user and becoming an analyst. Please submit an article dealing with the following subject: analysis of your Best Commodity Idea (the “Article”). We are looking for a clear and compelling bullish thesis on a commodity-related stock or a commodity ETF. 5. Submission guidelines You can submit the Article via a submissions form . To be a...
Luis Alvarez/DigitalVision via Getty Images I used to love April Fools' Day as a kid. As an adult, I don't participate in the festivities nearly as much as I used to. My wife enjoys April Fools' Day significantly more than I do, and she typically plays pranks on our children. One of her favorites is to tell the kids that they're going to have brownies for breakfast and to pull a pan out of the ove...
Luis Alvarez/DigitalVision via Getty Images I used to love April Fools' Day as a kid. As an adult, I don't participate in the festivities nearly as much as I used to. My wife enjoys April Fools' Day significantly more than I do, and she typically plays pranks on our children. One of her favorites is to tell the kids that they're going to have brownies for breakfast and to pull a pan out of the oven that has a bunch of brown construction paper Es on it. For investors in the stock market, there are often April Fools' jokes played on them by exchange-traded funds (ETFs) and closed-end funds (CEFs). The trick they play on them is the yield that they present. Many investors will treat funds like they do companies or other fixed-income investments, where they expect that the yield will be consistent over a long period of time. If you are an investor in Dividend Aristocrats, Dividend Kings, or strong, reliable companies with histories of dividend growth, you may come in with a natural assumption that most companies have a focus on growing or maintaining their dividend. But when you enter into the fund space, you enter into an entirely new realm. It's like leaving Earth, landing on the moon, and expecting the oxygen and gravity to be the same. Fund managers are not beholden to their shareholders the same way that corporate companies try to be. Fund managers are focused primarily on growing the fund and rewarding themselves through the fees that they collect. To do so, they will often have unsustainably high yields or be more willing to cut dividends to ensure that the net asset value (NAV) of the fund is preserved. When you look at fixed-income funds, they are more likely to cut their distribution as the Federal Reserve lowers rates and raise it slowly again as the Federal Reserve raises rates. Today, I want to look at a fund that is focused solely on preferred securities. It has done a fantastic job outperforming its index. It's important to remember that the yield offered...
Khanchit Khirisutchalual/iStock via Getty Images Fast facts on SPYM This article offers a top-down analysis of the S&P 500 Index ( SP500 ) based on sector metrics focusing on valuation, quality, and momentum. It may also help analyze funds tracking the index, such as State Street® SPDR® Portfolio S&P 500® ETF ( SPYM ). SPYM is less popular than SPDR S&P 500 ETF Trust ( SPY ), but it is a very larg...
Khanchit Khirisutchalual/iStock via Getty Images Fast facts on SPYM This article offers a top-down analysis of the S&P 500 Index ( SP500 ) based on sector metrics focusing on valuation, quality, and momentum. It may also help analyze funds tracking the index, such as State Street® SPDR® Portfolio S&P 500® ETF ( SPYM ). SPYM is less popular than SPDR S&P 500 ETF Trust ( SPY ), but it is a very large and liquid fund, with $113 billion in assets under management and an average daily volume of $1.25 billion. Moreover, SPYM has a lower expense ratio compared to SPY (0.02% vs. 0.09%) and a lower share price, offering more flexibility for small investors. SPYM is best suited for long-term and tactical allocation, while traders prefer SPY’s huge liquidity (over $55 billion per day) and ultra-low bid-ask spreads. Shortcut The next two paragraphs in italics describe the dashboard methodology. They are necessary for new readers to understand the metrics. If you are used to this series or if you are short of time, you can skip them and go to the charts. Base Metrics I calculate the median value of five fundamental ratios in every sector: Earnings Yield ("EY"), Sales Yield ("SY"), Free Cash Flow Yield ("FY"), Return on Equity ("ROE"), and Gross Margin ("GM"). All are calculated on trailing 12 months. For all these ratios, higher is better, and negative is bad. EY, SY, and FY are medians of the inverse of Price/Earnings, Price/Sales and Price/Free Cash Flow. They are better for statistical studies than price-to-something ratios, which are unusable when the "something" is close to zero or negative (for example, companies with negative earnings). I also calculate two momentum metrics for each group: the median monthly return (RetM) and the median annual return (RetY). I prefer medians rather than averages because a median splits a set into a good half and a bad half. Capital-weighted averages are skewed by extreme values and the largest companies. As a consequence, these metrics ar...
BING-JHEN HONG/iStock Editorial via Getty Images Last week at GTC, CEO Jensen Huang stated that NVIDIA Corporation ( NVDA ) has a path to $1 trillion in cumulative sales across the Blackwell and Rubin generations from 2025 through 2027. If you follow Nvidia’s stock closely, this isn’t new information; rather, it’s roughly aligned with what analyst forecasts had already baked in. The distinction is...
BING-JHEN HONG/iStock Editorial via Getty Images Last week at GTC, CEO Jensen Huang stated that NVIDIA Corporation ( NVDA ) has a path to $1 trillion in cumulative sales across the Blackwell and Rubin generations from 2025 through 2027. If you follow Nvidia’s stock closely, this isn’t new information; rather, it’s roughly aligned with what analyst forecasts had already baked in. The distinction is crucial for investors, as separating what’s already priced in from what can make a meaningful difference in stock returns. The latter typically offers alpha, while the other potentially sets up an investor for losses (hence the saying, “Buy the rumor, sell the news” ). We must go back to October to more fully understand why the statement that Nvidia has visibility to $1 trillion in revenue through 2027 is anti-climactic. Last October, Huang stated that the combined revenue from Blackwell and Rubin was an estimated $500 billion through the end of 2026. Our firm modeled something similar nearly two years earlier, when my original Nvidia $10 trillion market cap thesis was published, stating we would see a $320 billion data center segment in 2026 (FY2027). Blackwell revenue was $184 billion in 2025 when you combine compute and networking, along with the $320 billion expected in 2026, which comes out to the $500 billion quoted at GTC in October. This means our model proved correct roughly 16 months before the CEO confirmed it. When I first made the $320 billion data center prediction in June 2024, it resulted in 56% upside versus a 15% decline by the time the CEO effectively confirmed the thesis in October 2025. Being early can pay off at many points along a stock’s trajectory. Of course, this is modest compared to the Tech Insider Network getting ahead of the Street on Nvidia in 2018–2019, which led to returns of more than 4,000%. But each milestone still matters when you’re talking about one of the world’s most valuable companies, as generating outsized returns becomes far mo...
Galeanu Mihai/iStock via Getty Images Thesis Venture Global, Inc. ( VG ) is positioned to realize a significant uptick in earnings in the wake of the closure of the Strait of Hormuz. The closure has removed nearly 20% of global LNG supply . This significantly benefits VG’s portfolio, which is open to spot pricing through the bulk of 2026. Every dollar of premium allocated to LNG cargoes provides a...
Galeanu Mihai/iStock via Getty Images Thesis Venture Global, Inc. ( VG ) is positioned to realize a significant uptick in earnings in the wake of the closure of the Strait of Hormuz. The closure has removed nearly 20% of global LNG supply . This significantly benefits VG’s portfolio, which is open to spot pricing through the bulk of 2026. Every dollar of premium allocated to LNG cargoes provides a $600m EBITDA benefit to VG. However, the window of opportunity for this uplift appears to be somewhat brief. The company’s Plaquemines facility is expected to declare its Commercial Operation Date in Q4 of this year. At this time, the facility will be required to shift its contract mix away from spot deliveries and toward contractually obligated SPAs. This will result in lower liquefaction fees and lower margins for VG in 2027. Longer term, VG has large expansion plans between the CP2 development project and various bolt-on strategies to grow total production by 100%. EBITDA expansion is expected to follow suit. I expect VG to produce market-beating returns over the long term; however, the road is bound to be lumpy. I have upgraded VG to a BUY. 2025 Review And 2026 Expectations VG reported $6.3B in full-year adjusted EBITDA in 2025. This was supported by strong liquefaction fees generated at the company’s Plaquemines LNG facility. This facility remains in the “commissioning” phase, allowing all cargoes to be sold on the spot market. This has allowed the Plaquemines facility to generate an average liquefaction fee of $6.62 per MMBTU. In contrast, the company’s Calcasieu Project generated a liquefaction fee of just $3.63 per MMBTU as it is committed to satisfying long-term sales purchase agreements (SPAs) that carry significantly lower price terms. This contract mix allowed the company to report a significant increase in y-o-y operating cash flow. As shown below, operating cash flow improved by over 200% in 2025 due to the Plaquemines facility coming online. VG 10-K Report A...
standret/iStock via Getty Images Hope springs eternal, and the capital markets are trading on hope that the Middle East war ends shortly, even as missiles continue to be fired in the region. President Trump again hinted that the war may be winding down shortly. He will address the nation at 9:00 pm ET today. At a news conference today, UK Prime Minister Starmer announced plans for closer cooperati...
standret/iStock via Getty Images Hope springs eternal, and the capital markets are trading on hope that the Middle East war ends shortly, even as missiles continue to be fired in the region. President Trump again hinted that the war may be winding down shortly. He will address the nation at 9:00 pm ET today. At a news conference today, UK Prime Minister Starmer announced plans for closer cooperation with the EU. Although by treaty, NATO is not obligated to get involved any more than it did in the US's long war in Vietnam, President Trump renewed his threat to leave the alliance. After the US threat earlier this year to take Greenland from a NATO member, the pact had been strained. The Middle East War weighed on stocks and bonds and supported the dollar. If, and that may still be a big if, the war winds down, the markets are anticipating a reversal: a rally in stocks and bonds and a weaker greenback. Prices G10 • Option-related buying may have provided fuel, but the hope of a soon-end to the war in the Middle East set the path higher for the euro. It approached $1.1565 in North America yesterday, a retracement target of the losses since last week’s high (~$1.1640), which is also the next technical target. Options for 1 billion euros at $1.1650 expire tomorrow. It reached about $1.1610 European turnover today. Support is seen near yesterday’s high. • The heightened verbal intervention on Monday and the dollar’s broad setback yesterday, coupled with lower US yields, pushed the yen to four-day highs yesterday. The greenback had briefly poked above JPY160.40 on Monday and fell to almost JPY158.65 yesterday. It settled below the 20-day moving average for the first time in over a month. It is near JPY158.90 today, and it has encountered sellers around JPY159.00 today. Options for about $955 mln at JPY159.10 expire today. Follow-through selling today took it slightly below JPY158.30. • Sterling set a new low for the year yesterday, around $1.3160, before it recovered back t...
TORONTO, April 01, 2026 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSX-V: ASE | GSE: ASG | OTCQX: ASGOF) (“Asante” or the “Company”) announces the filing of its financial statements and management’s discussion and analysis (“MD&A”) for the two months and 11 months ended December 31, 2025 (“Q4 2025” and “FY 2025”, respectively). All dollar figures are in United States dollars unless otherwise ind...
TORONTO, April 01, 2026 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSX-V: ASE | GSE: ASG | OTCQX: ASGOF) (“Asante” or the “Company”) announces the filing of its financial statements and management’s discussion and analysis (“MD&A”) for the two months and 11 months ended December 31, 2025 (“Q4 2025” and “FY 2025”, respectively). All dollar figures are in United States dollars unless otherwise indicated.
VANCOUVER, British Columbia, April 01, 2026 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE American, TSX: NG) today filed its 2026 first quarter report and provided an update on its Tier One 1 gold development project, Donlin Gold, which is owned 60% by NOVAGOLD and 40% by Donlin Gold Holdings, 100% wholly-owned by Paulson Advisers LLC (“Paulson”) and its affiliate...
VANCOUVER, British Columbia, April 01, 2026 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE American, TSX: NG) today filed its 2026 first quarter report and provided an update on its Tier One 1 gold development project, Donlin Gold, which is owned 60% by NOVAGOLD and 40% by Donlin Gold Holdings, 100% wholly-owned by Paulson Advisers LLC (“Paulson”) and its affiliates.
NORTH WINDHAM, Maine, April 01, 2026 (GLOBE NEWSWIRE) -- Synergy CHC Corp. (NASDAQ: SNYR) (“Synergy” or the “Company”), a consumer health and wellness company, is announcing its financial results for the three and twelve months ended December 31, 2025.
NORTH WINDHAM, Maine, April 01, 2026 (GLOBE NEWSWIRE) -- Synergy CHC Corp. (NASDAQ: SNYR) (“Synergy” or the “Company”), a consumer health and wellness company, is announcing its financial results for the three and twelve months ended December 31, 2025.
WILMINGTON, Mass., April 01, 2026 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”) today reported results for its fiscal 2026 second quarter ended February 28, 2026.
WILMINGTON, Mass., April 01, 2026 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”) today reported results for its fiscal 2026 second quarter ended February 28, 2026.
NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), the advertising technology platform powered by unique data and media, today announced that it repurchased 224,229 shares at an average price of $7.10 during March 2026 and had 56,876,930 shares outstanding (excluding treasury shares) as of March 31, 2026.
NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), the advertising technology platform powered by unique data and media, today announced that it repurchased 224,229 shares at an average price of $7.10 during March 2026 and had 56,876,930 shares outstanding (excluding treasury shares) as of March 31, 2026.
BING-JHEN HONG/iStock Editorial via Getty Images Last week at GTC, CEO Jensen Huang stated that NVIDIA Corporation ( NVDA ) has a path to $1 trillion in cumulative sales across the Blackwell and Rubin generations from 2025 through 2027. If you follow Nvidia’s stock closely, this isn’t new information; rather, it’s roughly aligned with what analyst forecasts had already baked in. The distinction is...
BING-JHEN HONG/iStock Editorial via Getty Images Last week at GTC, CEO Jensen Huang stated that NVIDIA Corporation ( NVDA ) has a path to $1 trillion in cumulative sales across the Blackwell and Rubin generations from 2025 through 2027. If you follow Nvidia’s stock closely, this isn’t new information; rather, it’s roughly aligned with what analyst forecasts had already baked in. The distinction is crucial for investors, as separating what’s already priced in from what can make a meaningful difference in stock returns. The latter typically offers alpha, while the other potentially sets up an investor for losses (hence the saying, “Buy the rumor, sell the news” ). We must go back to October to more fully understand why the statement that Nvidia has visibility to $1 trillion in revenue through 2027 is anti-climactic. Last October, Huang stated that the combined revenue from Blackwell and Rubin was an estimated $500 billion through the end of 2026. Our firm modeled something similar nearly two years earlier, when my original Nvidia $10 trillion market cap thesis was published, stating we would see a $320 billion data center segment in 2026 (FY2027). Blackwell revenue was $184 billion in 2025 when you combine compute and networking, along with the $320 billion expected in 2026, which comes out to the $500 billion quoted at GTC in October. This means our model proved correct roughly 16 months before the CEO confirmed it. When I first made the $320 billion data center prediction in June 2024, it resulted in 56% upside versus a 15% decline by the time the CEO effectively confirmed the thesis in October 2025. Being early can pay off at many points along a stock’s trajectory. Of course, this is modest compared to the Tech Insider Network getting ahead of the Street on Nvidia in 2018–2019, which led to returns of more than 4,000%. But each milestone still matters when you’re talking about one of the world’s most valuable companies, as generating outsized returns becomes far mo...