BizToc
📰 BizToc.com Hourly News Flash

1) Capital One's Big Move —

Capital One plans to acquire Discover Financial, positioning for major expansion in consumer finance. #Acquisition
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AkhenOsiris
The "i told you so" chorus on this app when cyclicality catches up with NVDA will be an epic tidal wave, getting my 🍿 ready.

The damage to 🐻's up to now has also been epic, respect to those of you still pressing.

Persistent 🐻's since $200s: you'll need a 60% crash to have your point proven (has happened before, so not unprecedented).
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AkhenOsiris
$TSM $NVDA

MS - Trading Nvidia results through TSM

The U.S. investment bank said, in a note dated Feb. 18, that Taiwan Semiconductor Manufacturing (NYSE: TSM) is the sole supplier for Nvidia's (NASDAQ: NVDA) artificial intelligence graphics cards, and thus Nvidia’s guidance for the April quarter could be a key catalyst.

Morgan Stanley assigns a 20% probability that Nvidia’s quarterly guidance comes in above buy-side expectations of $24 billion, and expects TSMC’s shares to rise around 5% as a result.

It says there is a 60% chance that the guidance is in line with the $22-$24 billion expectations, which could be TSMC gains of up to 3%, while there’s a 20% chance that the guidance is below $22 billion, which would cause TSMC’s stock to fall 2%.
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AkhenOsiris
$NVDA

- Raised to $865 at Stifel Into EPS

- Raised to $835 at HSBC, 'Transition to re-rating as earnings upside peaks'
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BizToc
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4) U.S. Bolsters EV Metal Stocks —

The U.S. moves to secure EV metals, reviving strategic stockpiles to compete in the global energy transition. #EVmetals
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BizToc
3) Cross-Strait Tensions Rise —

Chinese Coast Guard escalates tensions by boarding a Taiwan tourist boat, sparking regional dispute. #Geopolitics
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BizToc
2) Wall Street's Climate Step Back —

JPMorgan and other Wall Street firms retreat from some climate commitments amid complex challenges. #Climate
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BizToc
📰 BizToc.com Hourly News Flash

1) Capital One's Discover Acquisition —

Capital One set to acquire Discover for $35 billion, reshaping the credit card landscape. #Acquisition
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BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) Biden's Boost for Chip Production —

President Biden grants $1.5 billion to a chipmaker for manufacturing expansion in New York and Vermont, bolstering domestic chip supply. #ChipmakerFunding
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3) Porsche Powers Up with New Hybrids —

Porsche expands its plug-in Panamera lineup, adding two new hybrids as it accelerates its electric transition strategy. #PorscheHybrids
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2) Air Canada Pays Price for Chatbot Error —

Air Canada compensates customer after chatbot provides incorrect information, highlighting challenges in automated customer service. #AirCanadaChatbot
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BizToc
📰 BizToc.com Hourly News Flash

1) Microsoft's Multi-Billion AI Expansion in Spain —

Microsoft announces a $2.1 billion investment to boost its AI infrastructure in Spain, signalling a major commitment to European tech growth. #MicrosoftSpainAI
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AkhenOsiris
$NVDA

UBS: "Usually this is bad, but in this case it is good"

Nvidia has slashed delivery times for its AI chips (GPUs) to 3-4 months from 8-11 months previously, media report, citing UBS, and noting Nvidia has worked hard to ease bottlenecks and lift output across its supply chain. Server maker, Quanta, said AI server shipments could rise significantly from May if the AI chip shortage eases, and shipments in the 2nd half could be “explosive.” $NVDA $TSM #skhynix #semiconductors money.udn.com/money/story/11… - Dan Nystedt
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👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
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4) European Industries Demand Support —

At the Antwerp Summit, European industrial leaders are vocal about needing aid to weather energy crises and competition. #Energy
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3) Iron Ore Tumbles Amid China Woes —

Iron ore prices hit a three-month low, with industry eyes on China's escalating economic concerns. #Commodities
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