Nvidia Earnings Beat, Rubio on Cuba Boat Shooting, More
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News when you want it. With Bloomberg News Now, I'm Doug Krisner, and we begin with earnings. After the bell, NVIDIA gave another bullish forecast for quarterly revenue, and CEO Jensen Huang said the enterprise adoption of AI agents is skyrocketing. Now, that would suggest it's not just those hyperscalers buying NVIDIA products. Corporations are as well. We got reaction from analyst Maribel Lopez from Lopez Research.
A company like Nvidia is very highly valued. But what we can say from the fundamentals of a business is that they will be able to sell everything that they can build for at least the coming year. So whether or not we will be able to see upside in the stock,
is unknown but whether or not they will be able to continue to perform and sell the product they said they're going to sell i have confidence that they can do that based on the demand from the hyperscalers and also we're finally starting to see enterprise ai inferencing demand that is maribel lopez from lopez research shares in nvidia were little changed in late u.s trading four people on board a u.s speedboat were shot and killed today by cuban authorities in the territorial waters off the coast of cuba Cuba's Interior Ministry says members of its border guard approached the speedboat and received gunfire from those on board. The commander of the military vessel was wounded. Now, the New York Times reports civilians on that speedboat were attempting to get relatives out of Cuba.
Six others on the speedboat were wounded and given medical care. Meantime, U.S. Secretary of State Marco Rubio says the U.S. Coast Guard will be looking into this incident to independently verify the information provided by the Cuban government.
Yeah, well, first of all, I'm not going to comment about this specific boat until we have all the information. So I just want to be clear. I'm not going to speculate about whose boat it was, what they were doing, why they were there, what actually happened. I'm not going to speculate on that because it's not smart to do that until we have all the facts.
Now, to provide a bit of context, the U.S. has effectively imposed a naval blockade on Cuba, dramatically reducing its access to fuel. Vice President J.D. Vance announced the Trump administration would temporarily halt some Medicaid funding to Minnesota due to concerns over fraud. Vance described it as an aggressive crackdown on the misuse of public funds.
What were Nvidia's earnings and future revenue forecasts?
Here's Vance.
The problem is not going after the fraud. The problem is the fact that these programs are being defrauded to begin with. They will not exist. Our social safety net will disappear unless we take fraud more seriously.
That is Vice President J.D. Vance. Netflix CEO Ted Sarandos will reportedly attend meetings at the White House tomorrow. Politico is reporting Sarandos will discuss his company's bid for Warner Brothers Discovery, as well as President Trump's demand that Netflix fire board member Susan Rice, a former member of the Biden administration. Now, against this backdrop, there is a bidding war over Warner Brothers' discovery, and it's been intensifying. On Tuesday, Warner's board said a revised bid from Paramount Skydance could beat the current offer from Netflix. Separately today, Paramount Skydance reported fourth quarter sales and earnings above Wall Street projections. Thank you very much. President Trump will meet next week with executives from Amazon, Meta Platforms, Microsoft, and Alphabet.
They are expected to sign pledges committing their companies to foot the electricity bills for data centers. It's part of the president's push to address mounting electricity prices before the November midterm elections.
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