(Cheng Yu-Chen/Getty Images) |
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Cruises are no longer for “the newly wed, the overfed, and the nearly dead”: when cruise travel reached a record high last year, 36% of global cruise passengers were under the age of 40. Furthermore, 76% of Gen Zers and a whopping 83% of millennials who have gone on a cruise in the last two years say they would plan to “seacation” again.
The S&P 500 fell for the fourth consecutive session yesterday, its longest losing streak since August. The Nasdaq 100 also fell, while the Russell 2000 bucked the trend to post a gain. Losses were heavily concentrated in tech and consumer discretionary, which was the worst-performing sector ETF, dragged down by Amazon.
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- Analysts are expecting the company to deliver $55.2 billion in sales in its fiscal Q3 2026, with adjusted earnings per share of $1.26.
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That roughly $8.4 billion in revenue growth from Q2 to Q3 would be more than the total sales generated by over 370 S&P 500 companies in their most recent quarter.
- One oft overlooked aspect of the AI boom is that it came out of nowhere, at a time when there was excess capacity in semiconductor production. That’s no longer the case.
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If Nvidia’s GPUs are the brains of AI, you still need a host of other chips to serve as the supporting elements of the nervous system. On that note, high-bandwidth memory prices have been surging as supply remains ultra-tight.
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When it comes to how markets will interpret the results, Wedbush Securities analyst Dan Ives takes an optimistic and straightforward view: the sheer size of the numbers put up by the chip designer will be too impressive to ignore.
“Datapoints from Nvidia this week will be important to convince ‘on the fence investors’ that this AI spending trend is an unparalleled moment in modern tech history and is NOT a bubble moment,” he wrote.
JPMorgan is also forecasting an earnings beat and upward move, and recommends a bull call spread ahead of the report. |
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The most valuable company in the world has earned that moniker despite, rather than because of, how investors have reacted to its quarterly reports as of late. Just once over its past five reporting periods has the chip designer gained in the week following earnings. This time, there should be no questions about the appetite for Nvidia’s AI chips. What’s in doubt is how much supply chain snarls might impact its ability to meet that colossal demand, whether margins might face some pressure along the way, and if competition will eat away at its dominant market position over time.
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Among the hyperscalers, yesterday was the best of times and the worst of times. First up, let’s talk about Google’s new Gemini release. |
- Google released Gemini 3, a major update to its flagship AI model. The new model comes with a number of new features that aim to leap ahead of competitors OpenAI and Anthropic.
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The release also features significant improvements to reasoning, agentic tasks, and “vibe coding.” Google says when using Gemini 3, “you’ll notice the responses are more helpful, better formatted and more concise.”
- Another experiment is Gemini Agent, which can handle complex, multistep tasks across Google’s apps all within Gemini.
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- Rothschild & Co Redburn analyst Alexander Haissl downgraded both companies Tuesday to “neutral” from “buy,” breaking with many of his peers.
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The industry’s narrative that generative AI is akin to the early cloud, he wrote, is “increasingly misplaced,” saying that the underlying economics for GenAI are “far weaker than assumed.”
- Now, it’s not the end of the world: over 90% of the stocks’ analysts have buy-equivalent recommendations for them, according to Bloomberg.
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Google hopes to leverage its massive reach so Gemini becomes the AI chatbot of choice. The company posted results that show Gemini bested GPT-5.1 and Claude Sonnet 4.5 in many widely used benchmarks. Gemini 3 leapt to the top spot on the popular LMArena leaderboard. Still, that wasn’t enough to shake off an AI-related sell-off; investors continue to wonder when the hyperscalers’ intense spending on AI infrastructure will pay off.
Let’s see how everyone feels after tonight’s earnings. |
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