Planned spending on artificial intelligence (AI) infrastructure is through the roof, with just five companies alone projected to spend more than $700 billion (combined) in data center capital expenditures (capex) this year. Meanwhile, that spending is widely expected to continue, with Ark Invest fund manager Cathie Wood earlier this year projecting that AI infrastructure capex could hit $1.4 trill...
Planned spending on artificial intelligence (AI) infrastructure is through the roof, with just five companies alone projected to spend more than $700 billion (combined) in data center capital expenditures (capex) this year. Meanwhile, that spending is widely expected to continue, with Ark Invest fund manager Cathie Wood earlier this year projecting that AI infrastructure capex could hit $1.4 trillion in 2030. One of the biggest beneficiaries from all this spending will continue to be Nvidia (NVDA +1.68%). The company is the dominant player in the AI chip market, as its graphics processing units (GPUs) are both the main chips to train AI models and run inference. Demand for its chips remains insatiable, which has helped the company take about a 90% market share in the GPU space. Nvidia's lead in the AI chip space comes from the wide moat its ecosystem has created. Its CUDA software platform is where nearly all foundational AI code was written and optimized for its chips, making it particularly strong in training. At the same time, Nvidia's NVLink interconnect solution has created a huge lock-in effect, as it essentially helps its chips act as one powerful unit. Networking has actually been the company's fastest-growing segment, with revenue surging more than 3.5x last quarter to $11 billion. Last quarter, Nvidia's overall revenue soared 73% year over year to $62.3 billion, and it sees no signs of its slowing down, with projections for revenue to grow by 77% in fiscal 2027's Q1 to $78 billion. Meanwhile, the company continues to work in lockstep with Taiwan Semiconductor Manufacturing to secure future capacity. For its part, TSMC predicted its AI revenue growth to average more than 50% annually over the next several years. Expand NASDAQ : NVDA Nvidia Today's Change ( 1.68 %) $ 3.03 Current Price $ 183.08 Key Data Points Market Cap $4.4T Day's Range $ 180.06 - $ 184.70 52wk Range $ 86.62 - $ 212.19 Volume 6.2M Avg Vol 175M Gross Margin 71.07 % Dividend Yield 0.02 % A $...
Predicting where a company might be in five years isn't an exact science, to say the least. Doing so amid tariff uncertainty and a potential economic slowdown exacerbates the difficulty. But if you're considering buying the semiconductor giant Nvidia (NASDAQ: NVDA), it's important to work through some of the potential outcomes over the next few years, nonetheless. Only by assessing some of the pro...
Predicting where a company might be in five years isn't an exact science, to say the least. Doing so amid tariff uncertainty and a potential economic slowdown exacerbates the difficulty. But if you're considering buying the semiconductor giant Nvidia (NASDAQ: NVDA), it's important to work through some of the potential outcomes over the next few years, nonetheless. Only by assessing some of the pros and cons can you know whether you'll feel comfortable buying and holding the company's stock over the long term. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Here's what could go wrong with Nvidia stock over the next five years and what might go right. The storm clouds So far, President Trump's tariffs have excluded semiconductors, but he's indicated that might not be the case forever. He told a group of reporters a few days ago that semiconductor tariffs are coming "very soon." It's worth noting that Trump has backed off some tariff threats in the past, including a big concession on Wednesday. So there's no knowing for sure if tariffs on semiconductors will ever come. For its part, Nvidia doesn't manufacture its processors in-house and instead relies mostly on Taiwan Semiconductor Manufacturing for that. However, if tariffs are applied to semiconductors, it would be bad for Nvidia. Nvidia would have to absorb higher costs from selling its chips to customers or pass on the cost. Companies in China also purchase lots of Nvidia processors. With the U.S. and China currently in a trade war, semiconductor sales there could get swept into the turmoil. There are other potential problems for Nvidia, too. If an economic slowdown occurs, tech giants might pull back on new, expensive data center spending. Microsoft notably recently backed away from two artificial intelligence data center projects. If more companies do the same, it could slow Nvidia's processor sales, which have boomed as tech...
The Good Brigade/DigitalVision via Getty Images Thesis We have not covered the Series A Preferred Shares ( KREF.PR.A ) from the KKR Real Estate Finance Trust Inc. ( KREF ) for a while, with our last coverage almost two years ago. At the time we were too eager to call a bottom in the CRE market and in long-term yields, with those factors taking a longer time to normalize. In today's article we are ...
The Good Brigade/DigitalVision via Getty Images Thesis We have not covered the Series A Preferred Shares ( KREF.PR.A ) from the KKR Real Estate Finance Trust Inc. ( KREF ) for a while, with our last coverage almost two years ago. At the time we were too eager to call a bottom in the CRE market and in long-term yields, with those factors taking a longer time to normalize. In today's article we are going to revisit KREF.PR.A, in light of the fund's Q4 2025 results and latest macro outlook. Results for Q4 2025 Let us start by looking at the fund's results for Q4 2025: Income Statement (Fund Presentation) The fund had a net loss, mainly driven by further provisions for credit losses of $43.7 M. While the new provision comes a bit as a surprise considering the history, ultimately we will look into why it is beneficial. The history looks as follows: Historical Financials (Fund Preso) We can see that in September 2025 the fund had almost no provisions, with the $43 M number roughly a third of the 2025 fiscal year provisions. The provisions come from two distinct properties: Looking at risk ratings. During the quarter, we downgraded the Cambridge Life Science and San Diego multifamily loans to risk rating 5. As a result of these developments, we recorded total incremental CECL provisions of $44 million during the quarter. These two properties were on Risk Rating 4 before; now they are on Risk Rating 5 and provisions: Risk Rating (Fund Preso) We can see the migration of the Cambridge building and the San Diego property to the Risk Rating 5 category. The Chicago office building is still in Risk Rating 4, but we are fairly conservative to assume this will eventually get impaired as well. As per the fund disclosures, there are currently no other assets in the Risk Rating 4 category: Risk Ratings (Fund Preso) Given the seasoning, we are hopeful this will be the end of the rating migration, but as we stated above, one should expect some sort of impairment eventually from the Chic...
mohd izzuan SES AI ( SES ) stock price tumbled 19.3% to $1.38 on Thursday during pre-market trade after its Q4 results missed Wall Street estimates. The U.S.-based battery technology company showed a strong Y/Y revenue growth to $4.6M, but it missed expectations by $2.36M. The company also guided fiscal 2026 revenue of $30M–$35M, way below analysts’ estimates of $60M. The revenue c ontributions ar...
mohd izzuan SES AI ( SES ) stock price tumbled 19.3% to $1.38 on Thursday during pre-market trade after its Q4 results missed Wall Street estimates. The U.S.-based battery technology company showed a strong Y/Y revenue growth to $4.6M, but it missed expectations by $2.36M. The company also guided fiscal 2026 revenue of $30M–$35M, way below analysts’ estimates of $60M. The revenue c ontributions are expected from all three revenue-generating business units in 2026. However, its net loss narrowed to $17M vs. a net loss of $34.5M in the prior year period. Its non-GAAP EPS stood at -$0.04, missing market consensus by $0.02 . L iquidity position of $200M. “As we look ahead to 2026, we will continue to focus on our capex-light business model to grow revenue in ESS, drones and materials,” said Qichao Hu , CEO. A few months back, the company announced a partnership with South Korea’s Top Material to boost battery cell manufacturing capacity at its existing facility in Chungju, South Korea, targeting the fast-growing drone and urban air mobility (UAM) market. " Valuation implies aggressive future growth; sustained revenue acceleration and reduced losses are essential to justify current multiples. " an SA contributor wrote while giving the stock a Hold rating . More on SES AI SES AI Corporation (SES) Q4 2025 Earnings Call Transcript SES AI: Priced For Acceleration, Not Gradual Growth SES AI: Scaling Its Way To The Top Spot Seeking Alpha’s Quant Rating on SES AI Historical earnings data for SES AI
(RTTNews) - Indian shares rebounded on Thursday, largely due to short covering after recent steep losses. Key benchmark indexes staged a sharp rebound after falling nearly 4 percent over the last four sessions. Helping underpin sentiment, media reports suggested that Iran has reached out to the Central Intelligence Agency (CIA) to explore a backchannel ceasefire. However, a source from the Iranian...
(RTTNews) - Indian shares rebounded on Thursday, largely due to short covering after recent steep losses. Key benchmark indexes staged a sharp rebound after falling nearly 4 percent over the last four sessions. Helping underpin sentiment, media reports suggested that Iran has reached out to the Central Intelligence Agency (CIA) to explore a backchannel ceasefire. However, a source from the Iranian Intelligence Ministry dismissed the report as "a complete lie" and stated that Tehran is prepared to sustain the conflict. Concerns about disruptions in global oil supply eased somewhat after U.S. President Donald Trump announced measures, including a U.S. naval escort for oil tankers travelling through the Strait of Hormuz and political risk insurance. Additionally, media reports suggested that two Russian oil cargoes that had been signaling East Asia as a destination have switched to India in a move to mitigate the impact of supply chain disruptions. Iran's Revolutionary Guard, IRGC, declared today that the Strait of Hormuz is closed only to ships from the United States, Israel, Europe and other Western allies. The benchmark BSE Sensex soared nearly 1,200 points, or 1.5 percent, to hit an intraday high of 80,304 before paring gains to end up 899.71 points, or 1.14 percent, at 80,015.90. The broader NSE Nifty index also jumped 1.5 percent to the day's high of 24,854 before closing up 285.40 points, or 1.17 percent, at 24,765.90. The BSE mid-cap and small-cap indexes surged around 1.4 percent each. The market breadth was positive on the BSE, with 2,801 shares rising while 1,456 shares declined and 140 shares closed unchanged. Among the top gainers, Adani Ports soared 4.5 percent, while Larsen & Toubro, NTPC, Reliance Industries, BEL and IndiGo jumped 3-4 percent. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.