Bloomberg Surveillance Nvidia Ripples Through Markets
Feb 27, 2025
Gil Luria, a Tech Analyst at D.A. Davidson, dives into NVIDIA's earnings and its mixed outlook within the tech sector. Wendy Schiller, a Professor at Brown University, unpacks the intricacies of U.S. politics, including Trump's tariff discussions and the Supreme Court's evolving role in governance. Julia Pollak, Chief US Economist at ZipRecruiter, analyzes jobless claims and labor market shifts, revealing complexities in hiring trends and economic indicators amid rising inflation and regulatory challenges.
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Shifting AI Landscape
- Nvidia's success is waning as big customers moderate spending.
- Infrastructure software companies like Snowflake are now leading the AI trade.
Tariff Impact on Tech
- Tariffs complicate hardware sales for companies like Nvidia by increasing costs.
- Software and internet companies face subtler impacts, like penalties from Europe targeting US tech giants.
Invest in Amazon
- Amazon is a favored mega-cap pick due to its leadership in enterprise AI through AWS.
- They are also making strides in consumer AI with Alexa Plus and retail AI tools.