Nvidia Unveils Robot Training Tech, New Gaming Chips, and Toyota Deal

Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show (Artur Widak/Getty Images)

chips smushed

Nvidia slips after poor guidance from one of its “great partners” and fears of chip export curbs

SK Hynix’s quarterly results and comments from the Dutch prime minister are casting a pall over the industry.

1/23/25 9:16AM

Nvidia is falling in the premarket after one of its suppliers delivered a lackluster outlook and the Dutch prime minister cautioned that additional export restrictions on chips may be in the offing.

South Korea-based SK Hynix — one of Nvidia’s “great partners,” per CEO Jensen Huang — reported blowout fourth-quarter earnings and raised its dividend. But its guidance for the current quarter and plans to only modestly increase capital spending this year disappointed investors, contributing to a pullback in its shares along with those of the $3 trillion chip designer.

However, the parts of its business most linked to the AI boom still look to be in good shape. Management said that sales of its high-bandwidth memory (HBM) chips, a key input for data-center build-outs, are expected to more than double this year after being up 4.5x in 2024. Meanwhile, the company is looking for “inventory adjustment” in the consumer market in the near term before a recovery in the second half of 2025.

SK Hynix’s outlook, along with comments from Dutch Prime Minister Dick Schoof, appear to be driving consolidation across the semi space after a hot run saw the VanEck Semiconductor ETF rise nearly 9% over the last five trading days amid the rollout of the Stargate project. Micron and Dutch-based ASML are two notable underperformers in early trading on Thursday.

Schoof warned that further export curbs to China under US President Donald Trump’s administration were likely.

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10/3/25

S&P 500 just barely notches third consecutive all-time high in record day for call volumes

The S&P 500 just barely managed to pull off a three-peat, despite five of the Mag 7 stocks trading lower.

Chicago Bulls players Dennis Rodman (L), Scottie Pippen (C) and Michael Jordan (R) hold three of the team's four recent Larry O'Brien trophies 18 June at a rally for the team in Grant Park in Chicago.

Max Knoblauch

10/3/25

Automakers spike on report that Trump administration is considering tariff relief

The Trump administration is considering significant tariff relief for many major automakers, according to reporting by Reuters.

“The signal to the car companies around the world is, look, you have final assembly in the US, we’re going to reward you,” Ohio Republican Senator Bernie Moreno told Reuters. “For Ford, for Toyota, for Honda, for Tesla, for GM, those are the almost in order the top five domestic content vehicle producers — they’ll be immune to tariffs.”

The senator told Reuters that President Trump could potentially extend the higher levels of tariff offsets announced by the Commerce Department in June.

According to the White House, Moreno’s comments should be considered “speculative,” but shares of vehicle makers including Ford, GM, Toyota, Honda, and Stellantis all rose after the report came out.

Matt Phillips10/3/25

Palantir disputes report of flaws in Army product

Palantir says security vulnerabilities with a prototype battlefield communications product highlighted in a September 5 Army memorandum have already been addressed, according to a Bloomberg report.

The company said any conclusions that the product was seriously flawed, drawn from reports in Reuters and an online publication known as Breaking Defense, were “out of date and inaccurate.”

Separately, Army officials also told Breaking Defense that deficiencies with the battlefield communication product were “mitigated immediately.”

Going into the last hour of trading, Palantir shares were on track for their worst day since August in the wake of the reports.

Palantir Rebuts Claims of Security Flaws After Stock Falls

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Novo says it will offer weight-loss pill via telehealth, Bloomberg reports

Hims & Hers slipped after Novo Nordisk’s US head, David Moore, told Bloomberg that the company plans to sell its upcoming weight-loss pill through its current telehealth partners.

The company’s weight-loss pill recently reported encouraging results in a late-stage trial.

Novo currently has partnerships with Hims competitors like Ro and Weight Watchers. Hims had a deal with Novo earlier this year, which blew up epically in less than two months.

Novo Plans to Make Obesity Pill Available Online Once Approved

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Shopify soars after Rothschild Redburn hikes price target to $200

Shopify popped nearly 7% Friday afternoon after Rothschild Redburn reiterated its “buy” rating and raised its price target to $200 from $180, tying the highest on Wall Street and about 23% above current levels.

The firm pointed to Shopify’s new partnership with OpenAI’s ChatGPT as a key growth driver, saying it opens up a fresh sales channel that, for now, only Shopify and Etsy merchants can tap into.

Analysts also highlighted that unlike the Magnificent 7 tech names, Shopify can fold AI revenue into its model without heavy capital spending, meaning those contributions could offer a quick boost to free cash flow.

On that note, the firm also bumped its 2025 to 2027 earnings estimates by about 6% to 8%. Shopify shares have already more than doubled over the past year and are up roughly 50% year to date.