Nvidia breaks above 50-day moving average for first time since DeepSeek-induced plunge

A technical milestone for a $3 trillion chip designer:

Shares of Nvidia broke above their 50-day moving average on Thursday, their first time above that level since it was breached during the DeepSeek-driven drubbing on January 27.

The rise in the stock comes amid a bullish tilt to options activity, with about two calls changing hands for every put versus a 20-day average of about 1.7.

The company is scheduled to report earnings after the close on February 26.

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J. Edward Moreno38m

Eli Lilly receives its only sell rating from HSBC, which cites smaller market for weight-loss drugs

Eli Lilly slipped in early trading after analysts at HSBC gave the pharmaceutical darling at the center of the obesity drug boom a rare downgrade.

Analysts at the bank cut their rating to “reduce” from “hold.” They cut their price target to $850 from $1,070. The stock closed at $989 on Monday.

According to Bloomberg, this is the only sell rating on Lilly among the 38 analysts who cover the stock.

The company has rallied more than 20% in the past year as its obesity drug sales continue to rise, far outpacing its top rival, Novo Nordisk. But the space is getting increasingly crowded with new entrants as well as new products from Lilly and Novo, putting downward pricing pressure on their products.

HSBC: ".. We downgrade Lilly to Reduce (from Hold) as we cut our medium-term forecasts for the market .. We think Lilly shares are priced to perfection .. and think medium-term earnings trends are optimistic. .. the total addressablemarket (TAM) for obesity might be USD80-120bn (not >USD150bn)."
— Carl Quintanilla (@carlquintanilla.bsky.social) March 17, 2026 at 12:24 PM

Max Knoblauch

57m

Delta, American, and rival airlines boost Q1 sales outlooks, citing strong demand; costs rise, too

Airlines are soaring as they say revenue is coming in higher than expected in the first quarter. That’s likely in part because they’re raising ticket prices to account for higher fuel costs.

Claire Yubin Oh1h

Nebius drops after announcing that it aims to raise $3.75 billion in a convertible loan offering

Nebius dropped as much as 7.5% in premarket trading on Tuesday, after the AI infrastructure company announced its intentions to sell $3.75 billion worth of convertible senior notes with maturities in 2031 and 2033.

The company will offer the debt in two tranches, the first batch worth $2 billion and due March 15, 2031, followed by $1.75 billion worth of notes due March 15, 2033. There’s also the potential for an additional $562.5 million of these notes to be issued via an over-allotment option.

The interest and initial conversion rate will be determined at the pricing of the offering, but regardless of the premium, a $3.75 billion offering would be pretty sizable for a company that closed yesterday’s trading session with a ~$33 billion market cap, and the market is quickly pricing in a decent chunk of equity dilution.

The offering is conspicuous in its timing, with Nebius soaring 15% yesterday on the back of a major infrastructure deal with Meta — worth up to $27 billion over five years.

The funds will likely be put to good use to deliver on some of these major projects. Per the company’s press release, the capital raised will be used to:

“...finance the continuing growth of its business, including expenditures related to the construction and build-out of its data centers, investments to develop its full-stack AI cloud, the expansion of its data center footprint and the procurement of key components (including GPUs), and for general corporate purposes.”

Luke Kawa

Investors just raised the most cash since the March 2020 pandemic panic

It’s just a caution, though.

Referee Marco Guida shows a yellow card during the UEFA EURO

Claire Yubin Oh2h

Amazon introduces 1- and 3-hour delivery options in hundreds of new towns and cities

Harder, better, stronger, faster... Amazon, not content with completely altering our expectations for how quickly our goods should arrive, is rolling out one- and three-hour deliveries in new cities in the US as it continues to double down on ultrafast delivery.

Per the company’s press release, one-hour delivery is now available in “hundreds of cities and towns” in the US, and three-hour options are offered in “over 2,000 cities and towns,” both available seven days a week though their regular same-day shopping experience. More than 90,000 products, which are typically available in local supercenters, are currently eligible for delivery under the two plans, and Amazon expects to bring the new scheme to more areas in the coming months.

Delivery fees for Prime members are set at $9.99 for one-hour delivery and $4.99 for three hours, though this price range more than doubles to $19.99 and $14.99, respectively, for customers without a Prime membership.

Regarding the new delivery options, Udit Madan, Amazon’s senior vice president of worldwide operations, said, “We’re excited to say that two decades after Prime launched, we’re still innovating to make delivery even faster, while maintaining the same everyday low prices and vast selection Amazon is known for.”

Indeed, since it launched same-day delivery in 2015, Amazon has been experimenting with a number of ultrafast delivery options, including recently piloting a 30-minute delivery service in selected US cities, built on its network of fulfillment centers and on-demand workers. The e-commerce giant’s latest push also comes as competitors like Walmart have started to boost its delivery capacity, touting that it can deliver to 95% of American households in less than three hours.

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