Morgan Stanley analysts note a high bar for enterprise OEMs entering earnings, citing revised upward estimates. Hewlett Packard Enterprise is viewed as having the best setup due to modest valuation and networking strength. Dell faces highest buyside expectations but remains slightly positive, while Hewlett Packard faces the toughest challenge with results already priced in.

JPMorgan highlights Marvell Technology’s data-center strength and Trainium 3 chip ramp as drivers for a strong outlook. A commercial agreement with Google validates progress, potentially improving visibility into 2027 growth. Nvidia’s Q2 results are expected to beat estimates, though traders focus on GPU shipments to China, memory supply, and competition from AMD and Cerebras.

Descartes Systems’ $100 million acquisition of Tai Software complements its transportation suite, enhancing workflow automation and cross-sell opportunities. Meanwhile, Thomson Reuters developed its in-house large language model, “Thomson,” by fine-tuning an open-source base. The company invested $40 million rather than building a massive foundation model from scratch.