Heading into NVDA's earnings, we said that all else equal, the bare minimum for the stock - which has underperformed peers rather dramatically in recent months - to outperform, was to (solidly) beat expectations of another 2+2 quarter, i.e., beat the guide by $2BN and beat Street expectations for the April quarter guide by $2BN.
Update 7:00pm. NVDA stock is back to flat, erasing all of its post earnings gains, after what some attribute as a lackluster conference call. Specifically, according to Bloomberg, the company "hasn’t offered many details on the outlook provided that Blackwell and Rubin revenue would exceed $500 billion. Opening comments from CFO Colette Kress that competitors in China are “making progress” and have the potential to disrupt the global AI industry in the long run have also taken some wind out of the stock’s sails."
Update (1605ET):
Florida Republican Rep. Carlos Gimenez blasted the Cuban regime shortly after news hit the wires that Cuban border guards aboard a vessel had fired on and killed four people and injured six on a U.S.-linked speedboat off Cuba's north coast. The Cuban Embassy in the U.S. did not specify the exact timing of the incident in its X post.
"The dictatorship in Cuba has just attacked a boat from Florida & murdered those on board," Gimenez wrote on X, adding, "This regime must be relegated to the dust bin of history!"
🚨#SOSCuba ¡La dictadura en #Cuba acaba de atacar un buque de la Florida y ha asesinado a las personas abordo!
— Rep. Carlos A. Gimenez (@RepCarlos) February 25, 2026
The dictatorship in #Cuba has just attacked a boat from Florida & murdered those on board.
This regime must be relegated to the dust bin of history! pic.twitter.com/dBqM9waOMy
This incident is especially significant because it could provide the Trump administration with enough cover to intensify pressure on the communist regime in Havana, which the administration appears to view as already near collapse.
The key question now is how the federal government frames the narrative around the maritime incident, whether it uses it to shape public opinion, and whether this marks the early innings of a new narrative that supports future intervention to topple the communists in Havana.
Trump's Cuba Pressure Campaign Could Spark Cohiba Cigar Price Spikes https://t.co/wcOaHyWnBn
— zerohedge (@zerohedge) February 25, 2026
In other news, are Cuban Cohibas about to go limit up?
Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability.
Authored by Debra Heine via American Greatness,
The California Parole Board’s decision to release a serial child molester who used candy and toys to lure children as young as three years old has sparked outrage from victims, prosecutors, and law enforcement officials.
SpaceX satellite policy lead Udrivolf Pica told participants in the International Telecommunication Union Space Connect webcast about the next-generation Starlink direct-to-device cellular service for smartphones. The revelation of the new service follows SpaceX's October 2025 U.S. trademark filing for "STARLINK MOBILE" and comes as Elon Musk has recently hinted at Starlink mobile ambitions.
As the Trump White House weighs its options against Tehran, Hezbollah is signaling it may not be eager to open another front - at least not immediately, issuing a rare message which seeks to calm the mood in the region.
A senior Hezbollah official told AFP that the Iran-backed group would stay out of the fight if the United States conducts only "limited" strikes against Iran - a notable caveat, but which leaves the door open if escalation goes further.
Days after the firm announced that they were scrapping DEI requirements for new board members, and six years after the death of George Floyd that ushered in institutionalized virtue-signaling, the bank's head of DEI is leaving.
Megan Hogan, who's been at the firm 12 years, is taking her shtick to Morgan Stanley according to Business Insider, which Hogan confirmed via email, telling the outlet that Morgan Stanley had extended "an amazing opportunity" to her in talent development.
A week after Bill Gates abruptly pulled out as a keynote speaker at a high-profile global AI summit in India, the left-wing billionaire finally mustered enough nerve to "take responsibility for his actions" over his ties to late financier and sex offender Jeffrey Epstein during a town hall meeting with Gates Foundation employees.
It's not just Trump who is stacking his central bank with uberdoves.
After plunging yesterday following a Mainichi report that Japanese Prime Minister expressed concerns at more BOJ rate hikes, the yen has tumbled more, sending the USDJPY as high as 156.80 this morning, the highest since Feb 9, after the Takaichi administration announced two nominees to succeed the outgoing BoJ Policy Board members later this year, both of whom have a history of dovish commentary.
After yesterday's 2 Year auction, moments ago the Treasury sold its second coupon for the week when it auctioned off $70BN in 5 Year paper in a rather lackluster auction.
The auction priced at a high yield of 3.615%, down from 3.823% a month ago, and the lowest since November; it also tailed the When Issued 3.608% by 0.7bps, the biggest tail since last July.
