On this episode of Stock Movers:
- Nvidia Corp. aims to spend several hundred billion dollars to procure US-made chips and electronics over the next four years, the Financial Times reported.Chief Executive Officer Jensen Huang told the FT that the latest chips designed by his company, and Nvidia-powered servers for data centers, can now be produced at US-based factories operated by Taiwan Semiconductor Manufacturing Co. and Foxconn Technology Group. It marked a major step forward in supply chain resilience for the Santa Clara, California-based chipmaker, Huang added.
- Five Below shares rose as much as 13% in premarket trading after the discount retailer reported fourth-quarter results that beat expectations. Still, analysts were cautious about the long-term impact of tariffs, with those at Morgan Stanley and Barclays cutting their targets. “Until there is more clarity on the tariff front, we see a balanced risk/reward at current levels,” the analysts wrote in a note.
- Piper Sandler upgrades Carvana and ACV Auctions to overweight from neutral as the broker turns bullish on vehicle technology stocks, saying they can can grow despite macro unease and higher tariffs.Analyst Alexander Potter notes that “most used car transactions don’t span international borders, and demand is relatively stable, regardless of the macro.”
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