Jensen Huang Says Nvidia's Vera Rubin Chips on Track
Nvidia co-founder Jensen Huang stressed that the US company's next-generation AI accelerator systems were in production and on track for delivery. Bloomberg's Nick Turner reports.
News
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Breaking News
US Trade Rep. Greer on China Relations and Section 301 Tariffs
US Trade Representative Jamieson Greer discusses the Section 301 investigation on Brazil and says the US is now in a trade surplus with Switzerland. Speaking with Bloomberg's David Gura on "Asia Trade," Greer also says China's compliance is not perfect, when asked about a bilateral rare earths pact.
Christie's CEO: Best First Half for Auctions in 5 Years
Christie's CEO Bonnie Brennan discussed the significant increase in memorabilia sales, noting a 300% rise, and addressed whether this trend represents the future focus of Christie's auctions. She emphasized that memorabilia is just one chapter in a diverse auction portfolio. She speaks with Romaine Bostick on "The Close."
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Mimi's Frozen Yogurt Founder on Pricing, Flavors
Amber Linz, Founder and CEO of Mimi's, discusses the strong demand for frozen yogurt, particularly near university locations where younger consumers are fueling long lines. Industry data cited from Bloomberg and Crunch indicates a 26% growth in the frozen yogurt market overall. She speaks with Romaine Bostick on "The Close."
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Insights
Nike margin rebound puts footwear rivals on notice
- Nike reported Q4 fiscal 2026 revenue of $11 billion, down 1% on a reported basis and down 4% on a currency-neutral basis.
- Gross margin rose 890 basis points to 49.2%, mainly due to an approximately 900 basis point benefit tied to expected IEEPA tariff recovery.
- The main sector issue is whether athletic brands can protect margins while wholesale demand, direct sales, tariffs, and cautious consumers reshape growth.
Comcast split turns media scale into a market test
- Comcast plans to split into two public companies by spinning off NBCUniversal and Sky through a tax-free separation.
- Comcast reported Q1 2026 revenue of $31.457 billion, while its connectivity unit generated $19.962 billion in segment revenue.
- The main sector risk is whether cable, broadband, streaming, and studio assets can grow faster as separate companies.
Security software stocks face a fresh profit test
- BlackBerry reported Q1 FY2027 revenue of $152.9 million, up 26% year over year, with adjusted EBITDA of $36.3 million and GAAP operating income of $15.3 million.
- The comparison group shows a wide revenue gap, from Cerence’s $64.2 million quarterly revenue to Palo Alto Networks’ $3 billion quarterly revenue.
- The main sector test is whether AI security, connected-vehicle software, and government communications can keep growing while margins stay under control.
How escalating artificial intelligence hardware demand is rewriting memory chip valuations
- Micron Technology reported $41.46 billion in quarterly revenue as the firm capitalized on surging data center component demand.
- The semiconductor manufacturer recorded a GAAP net income of $28.24 billion and declared a quarterly dividend of $0.15 per share.
- Global hardware manufacturers must carefully secure raw materials to execute aggressive revenue projections amid volatile enterprise capital expenditures.
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Economy
JD Vance joins high‑stakes US–Iran peace push as Hormuz tensions threaten 20% of world oil
JD Vance has flown into Switzerland to join Donald Trump’s envoys in 60‑day roadmap talks with Iran, after Pakistan and Qatar said negotiations were making “positive progress” on nukes and sanctions.
US–Iran peace deal hits oil and lifts stocks
A US–Iran peace agreement to halt nearly four months of fighting, including in Lebanon, sent oil lower and global stocks higher as markets priced in a planned Friday signing.
Economy
Markets brace for Tuesday deadline as Trump threatens Iranian power grid
Global financial markets entered a state of high-alert Monday morning as President Donald Trump issued a final, televised ultimatum to Tehran, threatening the total destruction of Iran’s industrial infrastructure if the Strait of Hormuz is not reopened by Tuesday evening.
Economy
U.S. job growth beats forecasts in March amid escalating geopolitical risks
U.S. hiring rebounded more sharply than anticipated in March as the return of striking healthcare workers and seasonal warming bolstered payrolls, providing a temporary reprieve for a labor market increasingly clouded by Middle East conflict and trade volatility.
