Daniel Bach

and Israeli strikes on the country last June, despite concern in Washington.

And the lack of visible progress raises questions about the administration's rationale for a potential strike on Iran.

Businesses in Cuba are welcoming a U.S.

move to allow some oil shipments to the island, saying it could avert a humanitarian catastrophe.

Yesterday, the Treasury said American fuel would be sent on a case-by-case basis to Cuban companies, while sales to the communist government remain illegal under current U.S.

sanctions.

That's the journal's Jose de Córdova.

He told us Cuba produces just 40% of the fuel it needs and is expected to run out in just a few weeks.

Humanitarian aid has poured into Cuba since the oil embargo began back in January, but much of it remains stuck in ports because there is no fuel to transport it to the people who need it.

NVIDIA's CEO Jensen Wang has rejected any suggestions of an AI bubble after the chipmaker topped analyst expectations, posting a more than 90% increase in profit following record sales for the fourth quarter.

Speaking to CNBC, Wang said the fears around agentic AI and how that might impact software stocks has been overblown.

Frank Lee is HSBC's Global Head of Technology Hardware and Semiconductor Research.

Frank, let's start with the numbers for NVIDIA.

What are you reading into their performance this quarter and over the past year?

So the spending now good for Nvidia, as you say, but does it face headwinds if other companies can't keep up this rate of spending on AI to boost Nvidia?

And what of software companies that are customers of NVIDIA?

I think Wong in his comments there was sort of arguing that the advancement in software will boost AI and agentic AI.

But there are concerns in the market that that spending won't really be realized.

What do you read into that?

And what about your take on the bubble fears if they've shifted, if they have been beaten back by these earnings?