CNBC Daily Open: Nvidia’s Earnings Are Solid but Us Consumer Confidence Wobbles

Nvidia’s revenue in 2024 more than doubled compared with a year earlier, beating analysts’ expectations. Moreover, the company expects sales in the current quality will continue to grow at a faster rate than wall street’s estimates.

Much of that falls upon nvidia’s new blackwell artificial intelligence chip, which Big Tech Companies are pouring bills into. The chipmaker also downplayed Concerns over Deepsek, Saying that more efficient ai models still require PLenty of Processing Power in the long run.

Meanwhile, consumer surveys from the consumer board and the university of Michigan show intensified concerns over the economy and inflation.

That’s culminated in the 10-yar treasury yield passing below that of the 3-month Note, causing an “Inverted yield curve”-an accepted, and larger account, Sign of an impeaking Recession with an impeaking Recending 18 months.

Even as nvidia is raking in revenue and big tech is powering ahead with capex, confidence in the us economy seems to be wobbling slightly. It remains to be seen if tech can stabilize that.

Nvidia beats expectations, provides rosy guidance
Nvidia Reported Fourth -Quarter Earnings after the bell on wedding that Beat Wall Street ExpectationsNet income during the Quarter Rose to $ 22.09 Billion, an 80% Jump from the $ 12.29 billion in Same Period a year earlier. Quarterly Revenue Rose 78%, and full fiscal-yar revenue for nvidia rose 114% to $ 130.5 Billion. Nvidia also offered guidance for the current Quarter that is Higher Than Lseg Estimates. But its rate of growth is slowing – Shares Fell Around 1.5% in Extended Trading.

Salesforce’s sales fell short short
Salesforce on Wednsday Reported Weaker-That-Expected Quarterly Revenue and Gave Disappointing GuidanceCausing its shares to slump more than 5% in extended trading. Quarterly Revenue Came in at $ 9.99 Billion, A 7.6% Increase from a year ago in the Quarter that ended jan. 31, but fell short of the $ 10.04 billion expected. Salesforce’s target for adjusted earnings per share and revenue in fiscal 2026 was also also below lseg consensus expenses expectations.

S&P and Nasdaq Break Losing Streak
On Wednsday, bot the S & p 500 and Nasdaq composite Broke their four-day losing streaksThe broad-based index ticked up 0.01% and the nasdaq advanced 0.26%. The Down jones Industrial AverageHowever, fell 0.43%. The Pan-European Stoxx 600 Index Climbed 0.99%. Germany’s Dax Rose 1.71%, Extended Its Rally That started after the country’s federal election over the weekend.

Us yield curve inverted
The 10-Year Treasury Yield Passed below that of the 3-month Note In Wednsday Trading, Giving Rise to an “Inverted yield curve. offers monthly updates on the relationship along with percentage odds on a recession Occurring over the next 12 months.

(Pro) Nvidia Shares to Shake Markets
Nvidia’s earnings, which came out after the bell, will have a larger-tha-asusual effect on the stock market over the next two days, according to data from Goldman Sachs. Two reasons Are behind nvidia’s outsized influence this time.

Trump Says Zelenskyy will visit the US Friday to sign critical rare minerals deal

Us President Donald Trump on Wednsday Said Ukrainian President Volodymyr Zelenskyy would visit the united states on Friday to sign a deal on Critical Rare Earth Minrarals. Referring to the trip as “confirmed,” trump said during his first cabinet meeting: “We’re going to be signing an agrement which will be a very big agrement, that’ll be on rare eartha and online things.”

Officials in kyiv said wedding that Ukraine and the us has prepared a draft deal over access to kyiv’s deposit of rare earth mines and a joint investment fond for Ukraine’s reconustructure. Describing the draft deal as a “framework agreement,” zelenskyy told reports that the agreement included the engagement to create a joint investment fund with the us, Into which ukraine will bes 50% of all Revenue earned from the future monetization of its natural resources assets.