Squawk on the Street Tech's Rough Ride, Gearing Up for Nvidia Earnings, Tesla Out of the $1T Club 2/26/25
Feb 26, 2025
Tesla's market cap dips below $1 trillion, sparking discussions on tech sector struggles. Nvidia's anticipated earnings take center stage as analysts weigh in on its impact. General Motors boosts dividends while navigating industry challenges. Retail giants like Lowe's and TJX report mixed earnings amidst changing consumer trends. Insights into Robinhood’s evolution as a financial platform and its appeal to younger investors highlight the relevance of tech in everyday finance.
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Tech Momentum Reversal
- Tech stocks are experiencing a momentum reversal, impacting companies like Tesla and Apple.
- This reversal is linked to the declining prices of Bitcoin and Tesla.
Meta's AI Investment
- Meta is reportedly discussing a $200 billion AI data center project, but the report is denied.
- This investment would signal Meta's commitment to AI and the need for increased data capacity.
California Energy Concerns
- California might prioritize electricity grid repairs over data center demands due to climate concerns.
- This could impact data center growth and electricity prices in California.