Wednesday, February 25, 2026

Thursday Watch

Around X:

  • @Business  
  • @ZeroHedge
  • @CNBC
  • @TheTranscript 
  • $NVDA CFO on the Blackwell & Vera Rubin overlap: "As you think about the full year, we are absolutely going to be still selling and providing Blackwell probably at the same time that we're also seeing Vera Rubin come to market. This is a very great architecture that helps them.
  • $NVDA CEO when asked about confidence in hyperscalers continuing to grow CapEx: "I am confident in their cash flow growing, and the reason for that is very simple. We have now seen the inflection of agentic AI and the usefulness of agents across the world in enterprises everywhere you're seeing incredible compute demand because of it".
  • $NVDA CFO: "We shipped our first Vera Rubin samples to customers earlier this week, and we remain on track to commence production shipments in the second half of the year." 
  • $NVDA CFO: "We believe we have inventory and supply commitments in place to address future demand, including shipments, extending into calendar 2027." 
  • $NVDA FY26 Revenues by Platform: —Data Center: +68% YoY to $193.74B [now ~90% of total revenue].  • Compute: +59% YoY to $162.36B.  • Networking: +142% YoY to $31.38B. —Gaming: +41% YoY to $16.04B. —Professional Visualization: +70% YoY to $3.19B. —Automotive: +39% YoY to $2.35B. —OEM & Other: +59% YoY to $0.62B. 
  • Nvidia CEO: "Computing demand is growing exponentially — the agentic AI inflection point has arrived." $NVDA: +3% AH.
  • Snowflake CEO: "...another strong quarter with product revenue of $1.23B, up 30% Y/Y, and remaining performance obligations totaling $9.77B, up 42% Y/Y," $SNOW: -3% AH. 
  • Salesforce CEO @Benioff: "We delivered a phenomenal quarter to close out a record fiscal 2026." "Our performance makes us even more confident in our path to reaccelerate organic revenue growth in H2 FY27." $CRM: -4% AH. 
  • @MarioNawful
  • @EmeraldRobinson
  • @BGatesIsaPsycho
  • @karma44921039 
  • @TheSCIF
  • @MJTruthUltra
  • @MattKibbe
  • @Casebradford
  • @GeneralMCNews
  • @NotRadix
  • @Holden_Culotta
  • @JesseMatchey
  • @JamesOKeefeIII
  • @seanmdav
  • @WallStMav
  • @goddek
  • @ArthurMacwaters
  • @HealthRanger
  • @RichardGrenell
  • @sayerjigmi
  • @War4theWest
  • 3 examples of horrible Trump endorsements: 1. Greg Abbott for TX governor instead of Doc Pete Chambers? Abbott collaborates with Democrats to run the Texas Statehouse. 2. Tony Gonzales instead of Brandon Herrera for congress, TX district. Gonzales had an affair with a young staffer who killed herself over it. 3. Byron Donalds for Florida governor. It's just been revealed that Donalds impregnated his current wife while married to his previous wife. None of these candidates are actual hard core MAGA. This is just an example of endorsements Trump has made of horrible candidates. I believe Susie Wiles is behind much of this.
Night Trading 
  • Asian equity indices are -.25% to +.75% on average. 
  • Asia Ex-Japan Investment Grade CDS Index 66.25 -.5 basis point.
  • China Sovereign CDS 42.5 -.5 basis point.
  • China Iron Ore Spot 98.7 USD/Metric Tonne -.02%. 
  • Gold 5,209.2 USD/t oz. -.3%. 
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.85 -.25%.
  • Bloomberg Emerging Markets Currency Index 36.27 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 101.8 +.1%.
  • US 10-Year Yield 4.04% -1.0 basis point.
  • Japan 30-Year Yield 3.38% -1.0 basis point. 
  • Volatility Index(VIX) futures 19.6 +.8%.
  • Euro Stoxx 50 futures -.10%. 
  • S&P 500 futures -.15%.
  • NASDAQ 100 futures -.31%.
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity shares in the region. I expect US stocks to open modesty lower and to rally into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the day.

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