Nvidia expected to reveal details of latest AI chip at conference

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🤖 Nvidia expected to reveal details of latest AI chip at conference: Chipmaker giant CEO Jensen Huang is expected on Tuesday to reveal fresh details about the company's newest artificial intelligence chip at its annual software developer conference. The company's stock has more than quadrupled in value over the past three years as it powered the rise of advanced AI systems such as ChatGPT, Claude, and many others. Reuters reports.

📊 Markets rise for the second day as U.S. consumers continue spending: The Wall Street adage to never bet against the U.S. consumer still holds true — to some degree. February’s retail sales, while lower than expected, still registered an increase. For the skeptics, that is like desperately squinting for a silver lining. It might very well be. But the dark clouds, in the form of U.S. President Donald Trump’s tariffs, are more ominous than usual. CNBC reports.

🔍 Samsung to face questions from shareholders after AI chip failings, stock price drop: The company is set for a tough annual general meeting on Wednesday with shareholders frustrated by its failure to ride a boom in artificial intelligence that made it one of the worst-performing tech stocks last year. Other issues in focus include strategies to mitigate the impact of U.S. tariffs and what will drive new growth. Reuters reports.

🌎 US will be hit by 'high tariffs' from other countries: U.S. tariffs will inflict significant harm on the U.S. economy as other countries hit back with "high tariffs" on American goods, Chinese state media warned, leaving the door open for more measures by Beijing as another wave of levies looms. Yahoo Finance reports.

🛡️ Alphabet revives $30 billion bid for Israeli cybersecurity firm Wiz: Google-parent Alphabet is in advanced negotiations to buy Israeli cybersecurity company Wiz with an offer of more than $30 billion, according to a source familiar with the matter, marking its largest potential acquisition to date. Alphabet's latest offer is higher by roughly a third of the $23 billion deal it offered last year. Reuters reports.

🤖 AI and quantum computing stocks climb as Nvidia’s conference begins: Shares of quantum computing and artificial intelligence companies rose on Monday, as investors hoped that Nvidia would blow some life back into the beaten-down sectors with new announcements at its annual conference. Reuters reports.

⚡ BYD shares jump as new EV tech promises five-minute charging: Shares of China’s BYD rallied on Tuesday after the company announced a new technology that it claims can charge electric vehicles (EV) almost as quickly as it takes to fill a gasoline car. CNBC reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $RGC: Regencell Bioscience
Total gain: +44.86%

2) $SYRS: Syros Pharmaceuticals
Total gain: +41.95%

3) $LEE: Lee Enterprises
Total gain: +32.71%

4) $LITM: Snow Lake Resources
Total gain: +26.62%

5) $HROW: Harrow
Total gain: +20.62%

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

ATER: Aterian
4Q 2024
After Market Close
Estimate: -0.630
Actual: N/A

INO: Inovio Pharmaceuticals
4Q 2024
After Market Close
Estimate: -0.830
Actual: N/A

ABSI: Absci
4Q 2024
After Market Close
Estimate: -0.220
Actual: N/A

Time (ET) / Report / Period

8:30 am - Housing starts - Feb.
8:30 am - Building permits - Feb.
8:30 am - Import price index - Feb.

“You don’t need to be a financial expert to pick good stocks. You just need to be observant and diligent about the companies you know and understand.”

- Peter Lynch

Sourced in: “One up on Wall Street: How to use what you already know to make money in the market”, by Peter Lynch, published in 1989