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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.

Luke Kawa

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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Nate Becker

WSJ reports GameStop is preparing an offer for eBay and has quietly been building a stake in the company

GameStop is preparing an offer for eBay and has been quietly building a stake in the company, according to a report from The Wall Street Journal, a move it calls “part of CEO Ryan Cohen’s audacious plan to turn the trailer into a $100 billion-plus juggernaut.”

From WSJ:

GameStop, which has a market value of around $12 billion, has been quietly building a stake in eBay’s shares ahead of a potential offer, the people said. EBay is several times GameStop’s size, with a market value of around $46 billion. 

GameStop could submit an offer for eBay as soon as later this month, the people said. 

If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders, one of the people added. Details of the potential offer for eBay couldn’t be learned. 

Shares of GameStop rose 7.4% after hours following the report, while eBay soared 12%. 

GameStop Preparing Offer for eBay

GameStop Preparing Offer for eBay

GameStop, which has a market value of around $12 billion, has been quietly building a stake in eBay’s shares ahead of a potential offer, the people said. EBay is several times GameStop’s size, with a market value of around $46 billion. 

GameStop could submit an offer for eBay as soon as later this month, the people said. 

If eBay isn’t receptive, Cohen could decide to take the offer directly to eBay’s shareholders, one of the people added. Details of the potential offer for eBay couldn’t be learned. 

Shares of GameStop rose 7.4% after hours following the report, while eBay soared 12%. 

Tasha Matsumoto
19h
Stocks set second consecutive closing highs

The S&P 500 posted its fifth weekly gain, its longest weekly winning streak since 2024.

Chicago Bulls Dennis Rodman (91), Scottie Pippen (33) and Michael Jordan (23) during game vs Miami Heat. Miami, FL 2/23/1996
Max Knoblauch

US airlines pop on report Spirit preparing to shut down as government rescue deal fails to gain support

US airlines are spiking on Friday following a Wall Street Journal report that low-budget carrier Spirit Airlines is preparing to shut down. According to CBS News, the airline could cease operations as early as Saturday, barring an intervention.

In late April, President Trump said he would “love somebody to buy Spirit.” The administration weighed a $500 million rescue package, though it received significant blowback from members of Congress and ultimately didn’t receive support from Spirit’s creditors.

On Friday, Trump told reporters that the administration has given Spirit a “final proposal.”

Shares of Spirit’s rivals surged on the report, with budget carriers like Frontier Airlines and JetBlue climbing by double digits. The big four — Delta Air Lines, United Airlines, American Airlines, and Southwest Airlines — rose by low single digits. Alaska Air and Allegiant also saw a bump.

markets
Helena Cheng

Estée Lauder gets a glow-up after earnings beat, guidance hike

Estée Lauder shares are soaring after the beauty giant released Q3 earnings results that topped expectations and raised its full-year outlook, while also expanding its restructuring plan.

The key numbers:

  • Revenue of $3.71 billion (compared to analysts’ estimate of $3.69 billion).

  • Adjusted earnings per share of $0.91 (estimate: $0.65).

Estée Lauder also lifted its full-year earnings outlook to a range of $2.35 to $2.45 per share, up from $2.05 to $2.25 previously.

The bottom line is getting flattered by job cuts, with management increasing that target to as many as 10,000 roles, up from a prior range of 5,800 to 7,000, as part of a broader effort to streamline operations and shift toward faster-growing sales channels.

The rally comes after a tough stretch for the stock, which is down more than 20% year to date, with the results inspiring hope that its turnaround efforts will bear fruit.

CEO Stéphane de La Faverie said fiscal 2026 is “promising to be the pivotal year we intended,” with the company expecting to restore organic sales growth and expand margins for the first time in four years.

Amid these positive signals, Estée Lauder flagged risks from tariffs, geopolitical tensions, and potential disruptions tied to the Middle East.

Matt Phillips
5/1/26

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