Public Markets 3h Briefing
×Market Movers
Qualcomm investing.com shares gained after Wells Fargo projected up to $7 billion in revenue from data center chips. Stripe ft.com reached a $159 billion valuation in its latest share sale, allowing the payments company to stay private longer. AMD investing.com surged 14% following its Meta AI partnership deal.
Tech & AI Developments
The countdown to Nvidia finance.yahoo.com earnings began as AI fears weighed on stocks. Meta finance.yahoo.com and AMD announced a 6-gigawatt GPU deal as part of Meta's AI buildout. Novo Nordisk bloomberg.com plans to slash US list prices for Wegovy and Ozempic next year as it struggles to gain market share in obesity treatments.
Earnings & Corporate News
Keurig Dr Pepper wsj.com reported higher fourth-quarter sales boosted by price increases, with net sales in its US refreshment-beverage segment rising 12% to $2.7 billion. Planet Fitness wsj.com logged higher profit and revenue in the fourth quarter as it added members and opened locations. Booking investing.com was lifted to Buy as analysts said it would remain a "key driver of travel."
Fixed Income & Rates
JPMorgan's bloomberg.com Bob Michele sees bonds as a "perfectly priced market" with favorable tailwinds ahead. US Treasury gains fizzled as the key yield hovered near 4%. Hungary bloomberg.com cut its base rate after inflation slowed below target, marking the first reduction in almost a year and a half.
International Markets
Emerging-market stocks bloomberg.com hit new highs as Asian tech rallied despite AI concerns on Wall Street. China bloomberg.com became more attractive as inflows rose, with Deutsche Bank's CIO citing the country's tech prowess. Mexico bloomberg.com mid-month inflation data may keep a March rate cut in play after headline inflation sped up slightly faster than expected.
Private Markets & M&A
Brookfield bloomberg.com bought cloud-computing firm Ori Industries in a bet that governments and tech companies will need chips for the escalating AI race. Raine Group wsj.com hired a former Credit Suisse IPO veteran, betting on 2026 being a blockbuster year for technology debuts. Medtronic bloomberg.com diabetes business Mini Med seeks $784 million in a US IPO.
Commodities & Energy
Soybeans bloomberg.com fell from a three-month high as USDA data signaled weaker demand for American exports amid trade uncertainty. Iranian oil loadings wsj.com surged to multiyear highs as geopolitical risks built ahead of nuclear talks with Washington. Russia's bloomberg.com crude shipments scraped a gain to offset pipeline losses to Hungary and Slovakia.
Regulatory & Policy
UK regulators investing.com plan to regulate streaming services like Netflix with new safety rules. Shein's ft.com founder emerged from shadows to hail Chinese roots, crediting help from the Communist Party and regional provinces. Detroit bloomberg.com went all-in on gas guzzlers, bringing back big V8s at the expense of EV production after Trump zeroed out penalties for not meeting fuel economy standards.