Welcome to Markets Desk, here's what's moving the needle this afternoon.
Nvidia CEO Jensen Huang is doubling down on his bullish AI thesis, telling investors to treat any dip in chip stocks as a buying opportunity. Huang's confidence is backed by conviction that AI infrastructure demand has years of runway ahead, and he believes Nvidia can reclaim a five trillion dollar market cap.
Shifting to consumer names, Starbucks delivered a notable beat on forward guidance, raising its fiscal two thousand twenty six adjusted earnings per share outlook to a range of two dollars fifty five to two dollars sixty five, up from the prior range of two dollars twenty five to two dollars forty five. That's roughly a ten percent lift, signaling the turnaround under Brian Niccol is gaining real traction with investors.
And on the technology and geopolitical front, ByteDance is making an aggressive push into artificial intelligence, pouring resources into the space even as some analysts question whether the bet is sustainable given the regulatory and competitive pressures the TikTok parent faces on multiple fronts. The Financial Times notes some observers see it as a significant gamble with uncertain returns.
That's the tape. Markets Desk, signing off the floor.
