Core Insights - Meta is significantly enhancing its partnership with Nvidia through a "multigenerational" deal to build data centers utilizing millions of Nvidia's current and next-generation chips for AI training and inference [1][2] Group 1: Partnership Details - The agreement indicates Meta's increasing dependence on Nvidia, despite its efforts to develop in-house chips and collaborate with other suppliers like AMD [2] - The deal includes the deployment of both Nvidia's GPUs and CPUs, which are essential for general computing tasks and AI workloads [3][4] - Nvidia's CPUs are being marketed as a standalone product, reflecting the growing importance of CPUs in AI workloads beyond model training [5] Group 2: Competitive Landscape - The partnership comes amid heightened competition in AI infrastructure, with companies like Google, AMD, and Broadcom attempting to challenge Nvidia's market leadership [3] - Analysts suggest that while competitive pressure is increasing, the overall demand for AI infrastructure remains high, making it unlikely for Nvidia's rivals to experience significant declines in the near term [5] Group 3: Technical Aspects - By sourcing both GPUs and CPUs from Nvidia, Meta can simplify its operations, as a single vendor approach is often preferred for problem resolution [6] - In addition to GPUs and CPUs, the deal will also involve the use of Nvidia's networking equipment and confidential computing technology for AI features in WhatsApp [7]

Markets finished in the green today as tech strength carried indexes closer to record highs. The S&P 500 (SNPINDEX:^GSPC) rose 0.56% to 6,881.31, the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.78% to 22,753.63, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.26% to 49,662.66. Market movers A chip partnership between Nvidia (NASDAQ:NVDA) and Meta Platforms (NASDAQ:META) helped power and megacap techs higher today.  Palantir Technologies (NASDAQ:PLTR) gained 1.77% to close at $135.38 after ...

Market Performance - U.S. equity markets reached all-time closing highs on February 18th, 2026, driven by a strong "risk-on" appetite and a resurgence in the technology sector [1] - The S&P 500 climbed 0.58% to a record 6,891.40, while the Nasdaq Composite rose 0.79% to close at 24,916.90, indicating bullish sentiment towards large-cap growth stocks [2] - The Dow Jones Industrial Average added 138 points, or 0.28%, ending at 49,707.00, marking its own record [2] - The Russell 2000 index of smaller companies saw a modest uptick of 0.5%, suggesting a positive market breadth [3] Earnings Highlights - Kinross Gold reported adjusted earnings of $0.75 per share, exceeding the consensus estimate of $0.55, with revenue driven by a 40% year-over-year increase in realized gold prices [4] - Medtronic's stock rose after a 4.6% increase in quarterly earnings, surpassing analyst forecasts for the fourth consecutive quarter [5] - Entergy's profits exceeded Wall Street expectations, leading to a rally of over 6% in its stock [6] Technology Sector Insights - Nvidia shares rose 1.2% ahead of its earnings report on February 25th, with analysts focused on updates regarding its next-generation AI chips [7] - Other major tech companies showed mixed results, with Apple and Microsoft posting modest gains, while Google and Meta Platforms experienced slight pullbacks [7] - Tesla gained 1.5% amid reports of expanded manufacturing capacity in international markets [7] Economic Outlook - The market is awaiting the release of the latest Federal Reserve meeting minutes, which may provide insights into the central bank's interest rate path for the remainder of 2026 [8] - Upcoming earnings from Baidu and Vulcan Materials are expected to shed light on global tech demand and domestic infrastructure spending [9] - The focus remains on whether corporate earnings can continue to justify elevated valuations in an environment of persistent 3% inflation [9]

来源：环球市场播报 第9名谷歌A类股收高0.43%，成交47.62亿美元。谷歌与苹果公司正将音乐类生成式人工智能功能引入 其核心消费者应用，此举凸显了先进的AI工具在步入主流使用。 谷歌周三在博客文章中表示，Gemini人工智能助手现可基于用户上传的文本、照片或视频，利用Google DeepMind最新的Lyria 3模型生成30秒的音乐曲目。该功能可生成定制歌词或纯音乐音频，将向18岁以 上用户开放，并支持多种语言。谷歌表示，新功能将在Gemini桌面版率先推出，并将在未来几天登陆移 动应用。 谷歌还表示，其广受欢迎的图像生成模型Nano Banana将为音乐作品生成定制封面，在用户分享曲目链 接时添加视觉效果。 第10名Palantir收高1.77%，成交81.6亿美元。随着南佛罗里达州打造科技中心的努力日益增强，该公司 已将其总部从丹佛迁至迈阿密。此前，该公司已从帕洛阿尔托迁出，并且其政府和国防合同仍在持续扩 展中。 周三美股成交额第1名英伟达收高1.63%，成交301.82亿美元。据报道，英伟达和Meta Platforms宣布达 成一项多年期协议，将为Meta的美国AI数据中心扩张提供"数百万块" ...

Company Developments - Meta Platforms and Nvidia have entered a multi-year agreement for Meta to deploy millions of Nvidia's AI chips, boosting Nvidia's position in AI hardware as Meta expands its data center capabilities [1][2] - Nvidia's shares increased by 1.6% following the announcement, while Meta's shares rose by 0.6% [2] - Amazon's stock rose by 1.8% after it was reported that Bill Aman's Pershing Square increased its stake in Amazon by 65% in the fourth quarter, making it the fund's third-largest position [3] Regulatory Updates - The FDA has reversed its initial refusal and agreed to review Moderna's application for its first mRNA-based seasonal flu shot, which is now expected to receive a final regulatory decision by August 5th [4][5] - Moderna's stock climbed approximately 6% on the news, with the company aiming to have the vaccine ready for the 2026-2027 flu season [6] Economic Indicators - Walmart is set to report earnings, with analysts expecting a revenue growth of about 5.6% year-over-year to $190.6 billion, an improvement from the previous year's 4.1% increase [9][10] - Earnings per share are anticipated to be around $0.73, and Walmart has only missed Wall Street revenue estimates once in the past two years [10] - Jobless claims data will be released, which is expected to provide insights into the stability of the job market following strong jobs data from the previous week [12][13] - The trade balance for November is projected at $56.8 billion, which will influence GDP estimates [14]

Billionaire investor Stanley Druckenmiller’s Duquesne Family Office had initiated a position in social media giant Meta Platforms (META) in the third quarter of 2025, buying 76,000 shares of the Facebook operator. However, Druckenmiller has ditched Meta, according to the latest 13F filing, shedding approximately 76,000 shares. Meta has faced rising questions about its rising capital expenditures related to artificial intelligence (AI). The company expects its capex to nearly double this year, compared to ...

Market Performance - The U.S. stock market experienced a slight increase, primarily driven by Nvidia, which is a significant player in the market [1] - The S&P 500 rose by 0.6%, closing at 6,881.31, while the Dow Jones Industrial Average increased by 0.3% to 49,662.66, and the Nasdaq composite gained 0.8% to 22,753.63 [2] - For the week, the S&P 500 has seen an increase of 0.7%, reflecting a rise of 45.14 points [2] Year-to-Date Performance - Year-to-date, the S&P 500 is up 0.5%, with an increase of 35.81 points [3] - The Dow has risen by 3.3%, amounting to an increase of 1,599.37 points [3] - The Nasdaq has decreased by 2.1%, down 488.36 points, while the Russell 2000 index has increased by 7.1%, up 176.70 points [3] Influential Factors - Nvidia's influence on the market was highlighted after Meta Platforms announced a deal to utilize millions of Nvidia's chips in AI data centers, contributing to the market's upward movement [1]

Nvidia Wins Meta Deal. Its Gain Is Broadcom's Loss. - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Nvidia Wins Meta Deal. Its Gain Is Broadcom's Loss.By [Adam Clark]and [Mackenzie Tatananni]ShareResize---ReprintsIn this article[META][NVDA] ...

Group 1: Meta and NVIDIA Partnership - Meta has agreed to deploy millions of NVIDIA processors over the next few years, marking a significant commitment to NVIDIA as a key supplier [3][5][6] - This partnership includes not only GPUs but also later generation CPUs and networking products, indicating a broader collaboration [3][4] - Meta is currently NVIDIA's second-largest customer, contributing approximately 9% of NVIDIA's revenue, while Microsoft remains the top customer [8] Group 2: Market Reactions and Economic Context - The NASDAQ index has rebounded over 1% due to strong positive economic data, with movements in chip stocks being a primary driver [2][3] - NVIDIA's stock rose nearly 3% following the announcement of the deal with Meta, while Meta's stock saw a modest increase [3] - Morgan Stanley highlights that the recent selloff in software and services was largely indiscriminate, despite strong fundamentals in some companies [10][12] Group 3: AI Investment Cycle - Analysts predict a $10 trillion capital expenditure investment cycle driven by AI technology, which is expected to enhance productivity across various sectors [11][12] - Companies that adopt AI are experiencing margin expansion that is double that of the MSCI World Index and the S&P 500 [17] - The current rate of change in productivity is highest in non-tech sectors, indicating a broadening of AI adoption beyond traditional technology companies [16][18] Group 4: Autodesk's Strategic Investment - Autodesk has made a strategic investment of $200 million in AI research firm World Labs, marking its largest startup investment to date [25][26] - The partnership aims to leverage World Labs' technology to enhance Autodesk's capabilities in industrial manufacturing and design [24][30] - Autodesk's CEO emphasizes the importance of AI in addressing capacity challenges in the manufacturing sector [30][71] Group 5: Social Media Addiction Trial - Meta's CEO Mark Zuckerberg is set to testify in a trial regarding allegations that the company's products are designed to addict young users, drawing comparisons to the tobacco industry's accountability issues [73][74] - The trial is significant as it may reveal internal research that suggests Meta was aware of the addictive nature of its products but did not disclose this information [76][80] - Advocacy groups are hopeful that the trial will lead to lasting policy changes regarding the regulation of social media platforms [84]

Core Viewpoint - The ongoing legal and regulatory challenges facing social media companies, particularly regarding Section 230, may not lead to significant changes in their business models unless there is substantial federal intervention [3][4]. Group 1: Impact on Social Media Companies - The tragic nature of cases related to social media's impact on individuals raises questions about potential changes in company operations and societal effects, but skepticism remains regarding actual changes [2][3]. - Social media companies have historically managed to absorb fines and penalties without significant impact on their profitability, indicating strong business models that may not be easily disrupted [4]. - Countries like Spain are attempting to impose restrictions on social media usage for children, reflecting a growing trend of regulatory scrutiny beyond the United States [4][5]. Group 2: Global Regulatory Landscape - The U.S. may face challenges in maintaining its influence over global digital markets as other countries, including those in the EU and Latin America, begin to establish their own regulations that could hinder the monetization efforts of major tech platforms [6]. - Snap has reported slower user growth due to regulatory actions in various markets, highlighting the potential for international regulations to affect user engagement and platform viability [6].