Jefferies & Nvidia

Jefferies: Jefferies projects 48% annualized earnings growth for AI-related S&P 500 companies through 2027, highlighting the AI capex cycle.

Nvidia: Nvidia rose 3% as AI demand continues, with its chips powering data centers. The company remains a key beneficiary of the AI capex cycle.

Jefferies: Jefferies highlighted the fiscal deterioration and rising Treasury yields as key risks, with the 10-year yield above 5% seen as a trigger for equities.

Nvidia: Tech stocks like Nvidia sold off sharply as higher yields raise borrowing costs and threaten AI investment outlook.

Jefferies: Raj Kumar Goyal, chief European economist at Jefferies, commented on the market's need for an agreement to reopen the Strait of Hormuz.

Nvidia: Nvidia's stock added to its value, with its total market value exploding over $5.8 trillion, driven by the AI boom and strong demand for its chips.

Jefferies: Jefferies provides market commentary, but is not directly affected.

Nvidia: Nvidia announced AI infrastructure financing, unrelated to the war but part of market news.

Jefferies: Jefferies hosted a conference where CoreWeave's CFO addressed profitability concerns, providing a platform for the company to communicate with investors.

Nvidia: Nvidia is a key partner and investor in CoreWeave, supplying the GPUs that form the backbone of CoreWeave's business and also committing to purchase cloud services, highlighting potential 'circular deals' in the AI sector.

Jefferies: Jefferies strategists commented on the AI theme, noting its underpinning by strong earnings despite concentration risks and rising volatility.

Nvidia: Nvidia>>>'s earnings results contributed to gains in Nubank>>>, further supporting SoftBank Group>>>'s valuation.