2026년 2월 27일 · Unknown · financial · 출처 Yahoo Finance
Yahoo Finance Tech Editor Dan Howley comes on Market Domination to break down the day’s leading and trending tech stories, including Nvidia (NVDA) shares dropping in Thursday's session following the AI chipmaker's fourth quarter earnings results, and Apple (AAPL) CEO Tim Cook teasing multiple product launches coming next week.
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Video Transcript
00:00 Speaker A
Nvidia is wrestling with expectations as the AI trade recalibrates and looks ahead to GTC. And Apple hardware, it's back in the spotlight. Investors are warning what's next for the iPhone maker? To help make sense of it all, we're calling in for tech support with Yahoo Finance's Dan Howley. Dan, let's start with Nvidia. I think we got to start there because this is a strong report. It's a strong forecast, guidance well above expectations at 78 billion. And can I interest you in some gross margins at 75% meeting. And you know what investors do? They sell it. Well, here is Bernstein's Stacy Rasgon. We both know Stacy, that's a smart guy, friend of the show. He tells his clients this, he says, we aren't sure what else investors want to hear at this point, Stacy says, but we like what we heard, takes his target to 300. What do you make of this print and this response?
00:54 Dan Howley
I think it's interesting and I think it's almost similar to, uh, kind of the, I think it's it's related to the, the kind of broader AI trade confusion that we're seeing, right? Like, uh, when, when, uh, the initial buildout started, everyone was saying, well, Nvidia, we got, we gotta get in there, you know, like talking to each other or whatever. And and so that's, you know, people bought into Nvidia. Uh, I think they realize or they're thinking now, well, how much higher can this go? How much longer can this last? So there's part of that is, you know, uh, uh, these, these, uh, hyperscalers, uh, Microsoft, Amazon.
01:21 Speaker A
So you think part of it is people are saying, this is great, it's so great, there's no way it can continue.
01:27 Dan Howley
I think partly that, the other part is they're questioning what what's everyone to do with this stuff? Right? Because it's there's still that question, right? Of who's getting the most out of, out of AI? What's who who's using it for what? There's stories about how companies are mandating that their employees use the AI that they've purchased from companies just to say, hey, we bought it, do something with it, right? And so, I think I think that's part of it. And then there's the the broader software sell-off where everybody everybody said, oh god, Anthropic's doing stuff, get in the lifeboats and just just ditch these software stocks. And the next, you know, next few days, they're like, well, okay, we'll get back on board. You know, maybe that our bad, you know, some false alarm, no big deal. So I think I think it's just this huge morass right now, uh, of confusion. Uh, and despite Nvidia blowing it out of the water, right? Beating, beating on expectations, beating on guidance. I think that's a a big concern for them.
02:22 Dan Howley
On the flip side, there are some things that you have to look at when it comes to Nvidia's earnings that we've pointed out every earnings report since this all kind of happened and it's the percentage of revenue that comes from those hyperscalers. Slightly more than 50% this quarter and it's been hovering around that line above, below, around that 50% mark. Goes back to that $650 billion build out. They're not going to do that forever. What then do you do after that? Now, Jensen Huang has said Sovereign AI, baby, that's it. It's gonna be sovereign AI. countries are gonna build out their AI just like every country has their own internet, uh, providers.
02:59 Speaker A
And it's the enterprise, right? It's gonna go to the enterprise, right.
03:03 Dan Howley
But when, when does that happen?
03:04 Speaker A
Right. Here's another thread in the Nvidia story, Michael Burry, on Substack, there's a big name. He points to Nvidia purchase obligations, which do climb to 95 billion and it's sort of like kind of it's .com bubble stuff he's sort of suggesting. That was another big thread today. What did you make of that one?
03:22 Dan Howley
That was very interesting and it's something that, uh, uh, Colette Kress had said on the call, uh, uh, I think she had said it's like going to be high, higher than higher than we've reported before. Uh, and, uh, it's going to sustain that way. Basically saying, uh, you know, TSMC had to rejigger their lines to get Nvidia's latest chips and they want to be paid for that. And they're saying, look, we had to do all this over here, you guys got to promise that we didn't just build this for no reason. So, give us the cash, we'll build those, but we need a little, you know, little scratch for the the redesign that we had to do. And so I think that also is is something that people are taking into account. Uh, you know, Michael Burry obviously coming out saying anything is is big news. Uh, but, you know, I I think overall, for this quarter, it does seem and likely next quarter that Nvidia is in a good place. They're also by the way, starting to push more into the CPU space, right? They had that announcement with with Meta. Um, so it'll be interesting to see where that goes. Margins aren't gonna be as high, but we could see more people purchase those. So I think there's there's still room. Uh, also their networking business blew up. I just wrote a piece about that on Yahoofinance.com. $11 billion dollars, not to toot my own horn. Uh, but yeah, I do think it's, it's just odd because, you know, you see this, this reaction. It does feel as though everybody's just confused as to where this is going at this moment.
04:52 Speaker A
Let's switch gears. Let's talk Apple. Uh, because here's Apple CEO, Tim Cook on X posting a big week ahead, Cook s…