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The ASX 200 rose 21 points (0.25%) to 8261 amid a calmer session following Nvidia's Q4 earnings report, which disappointed investors as shares fell 1.5%. The index is down 3.12% for February, primarily due to poor earnings in the financial, healthcare, and IT sectors, while defensive sectors like consumer staples and utilities gained. Key earnings reports are expected from Life360, Star Entertainment, TPG, and Harvey Norman tomorrow.
Elon Musk has been ranked the world's richest person with a net worth of $419.4 billion, according to a new report. He significantly outpaces other billionaires, including Jeff Bezos at $263.8 billion and Bernard Arnault at $238.9 billion. The report highlights the wealth of 24 individuals, each with substantial real estate holdings.
Nvidia's upcoming Q4 earnings report on February 27 is highly anticipated, with expectations set at stratospheric levels. Investors are closely watching key metrics such as gross margins and data center revenue growth, as any miss could trigger significant market volatility. The performance will not only impact Nvidia's stock but also influence the broader tech sector, particularly AI investments and major cloud providers reliant on Nvidia's chips.
Nvidia is poised for strong fiscal Q4 results, with UBS projecting revenue of $42.5-43 billion, driven by increased demand for its Blackwell GPUs. The company has consistently outperformed earnings expectations, boasting a 70% stock increase over the past year and a market cap of $3.3 trillion. Analysts rate Nvidia as a "Strong Buy," with a target price of $176.95, reflecting significant growth potential amid rising AI investments.
Nvidia is poised for strong fiscal Q4 results, with UBS projecting revenue between $42.5-43 billion, driven by increased production of its Blackwell compute boards. The company has consistently outperformed earnings expectations, boasting a 70% stock increase over the past year and a market cap of $3.3 trillion. Analysts maintain a "Strong Buy" rating, with a mean target price of $176.95, indicating a potential 30% upside.
US sanctions intended to hinder China's technological advancement may have inadvertently fueled the rise of companies like DeepSeek and Huawei. As these firms thrive, the effectiveness of the sanctions is increasingly called into question, highlighting a potential backfire in US strategy.
DeepSeek's research indicates that Huawei's Ascend 910C AI chip achieves 60% of the inference power of NVIDIA's H100, showcasing China's advancements in AI technology amid U.S. restrictions. Built on SMIC's 7nm process, the Ascend 910C features 53 billion transistors but still lags in AI training reliability compared to NVIDIA's established ecosystem.Additionally, the U.S. government is investigating whether DeepSeek illegally acquired NVIDIA chips, while President Trump plans to impose tariffs on chips and other sectors by February 18.
Tesla's stock faced a minor decline amid a broader selloff in AI-related shares, largely due to concerns over competition from the Chinese AI chatbot DeepSeek. However, analysts believe Tesla's focus on self-driving technology and its extensive camera-based data collection provide a strong competitive advantage, making it less vulnerable to chatbot developments. Investors are keenly awaiting updates on Tesla's plans for unsupervised driving in Texas and California.
As of 2025, the world's wealthiest individuals are led by Elon Musk, whose net worth exceeds $426 billion, followed by Jeff Bezos at $247.6 billion. Other notable billionaires include Larry Ellison ($231.4 billion), Mark Zuckerberg ($219.9 billion), and Bernard Arnault ($195.1 billion). The list highlights the significant fortunes of tech moguls and investors, reflecting the ongoing fluctuations in their wealth.
UBS analysts remain optimistic about Nvidia, dismissing recent market concerns as exaggerated. They highlight improvements in Blackwell chipset yields and revenue recognition practices, which help navigate supply chain challenges. UBS projects Blackwell revenue to reach approximately $9 billion for the January quarter, significantly up from earlier estimates.
Jensen Huang
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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