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Analysts at Truist just reiterated a buy rating on NVDA ahead of earnings this week.
“We believe FQ4 results (and FQ1 outlook) will likely exceed consensus, and expect management to offer optimistic commentary about its products, demand, supply, and longer-term drivers,” said the firm, as quoted by CNBC.
Analysts at Citi just reiterated a buy rating on the tech giant. The firm noted that it’s recommending investors add to NVDA, as the valuation looks attractive and the stock is likely to outperform in the second half of 2026.
That’s because its status as an AI leader has made it a key bellwether for all AI stocks. The good news is that big tech companies that operate data centers, or hyper scalers, are saying they will increase massive AI capex this year, with a good chunk of that going to AI. We also have to consider that CEO Jensen Huang has said demand for the company’s new Blackwell platform data center products was “off the charts.”
Also, as noted by analysts at Wedbush, “Looking ahead to the remainder of 2026 and into 2027, the focus is already shifting toward NVIDIA’s next milestone: the Rubin (R100) architecture.
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Shares of Home Depot (NYSE: HD) are up about $9.70 in premarket. All after the home retailer said EPS was $2.72, which beat estimates for $2.54. Revenue of $38.2 billion beat expectations of $38.12 billion. HD also raised its dividend to $2.33 per share, which is payable on March 26 to shareholders of record as of March 12. Comparable sales for the fourth quarter increased 0.4%. Comparable sales in the U.S. increased 0.3%.
Markets were a disaster on Monday thanks to tariff concerns.
But it looks like they’re attempting to shrug it off.
At the moment, the S&P 500 is down about 0.04%, or about two points. The SPDR S&P 500 ETF (SPY) is down fractionally. The Dow is up 0.13%, or by 61 points, as the Nasdaq tacks on 0.22%, or 56 points of upside.
Helping, shares of Advanced Micro Devices (NASDAQ: AMD) are up more than 9%, or by $20 in premarket. All after the company announced a multi-year deal with Meta. The deal includes deploying up to six gigawatts of AMD’s GPU units for AI data centers.
Tariffs Take Effect
We’ll probably hear more about the new tariffs at the State of the Union tonight.
For now, it’ll be interesting to see how markets continue to react to them today.
The president initially announced plans to impose a 10% duty on global imports, before saying that the rate would rise “to the fully allowed, and legally tested, 15% level,” according to CNBC.
However, when the levy came into effect on Tuesday, it was at a rate of 10%. A custom notice from U.S. Customs and Border Protection, published Monday evening, said Temporary Section 122 Duties would see “an additional 10% ad valorem duty on imported articles of every country for a period of 150 days, unless specifically exempt,” they added.
Bitcoin Now at $63,067
Bitcoin isn’t having a great start to the year.
Since starting 2026 at $88,806, it’s now down to $63,067 and could drop even more, which is great news for anyone trading the short side of related stocks like Strategy (NASDAQ: MSTR). It’s also heading toward its worst month since 2022.
“President Trump’s decision to raise global tariffs to 15% rattled risk assets broadly, and Bitcoin moved with them,” said Rachael Lucas, crypto analyst at BTC Markets, as quoted by Bloomberg. “Despite the ‘digital gold’ narrative, Bitcoin continues to trade as a risk asset. When macro fear spikes, capital rotates toward traditional safe havens. Bitcoin is not there yet.”
The Pullback in Booking.com is Overdone
On AI concerns, shares of Booking.com (NASDAQ: BKNG) slipped from about $5,500 to a low of $3,870 since the start of the year. However, according to Morgan Stanley, the pullback is overdone. The firm also upgraded BKNG to an overweight rating with a price target of $5,550.
“We see BKNG staying a key driver of travel even as agentic tools evolve. BKNG will still own the customer, capture robust traveler data, and use those to drive high-margin direct business,” added the firm. “Agents also need BKNG’s leading inventory, giving BKNG leverage.”
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