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EQUITIES: Magnificent 7 Stocks Struggle, Focus On Nvidia Today

EQUITIES
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  • Tesla is leading losses among the Magnificent Seven, pushing the gauge of the group into correction territory, with the Bloomberg Magnificent 7 Price Return Index down 10% from its December high. Tesla fell 8.39% on Tuesday and has been the biggest laggard, driven by a 45% drop in European sales last month, while rivals saw rising EV demand.
  • Amazon & Apple closed little changed, while all other names closed down over 1%
  • Nvidia is set to report Q4 earnings on after the US close on Wednesday, with investors watching AI spending trends amid concerns that data center operators may slow expenditures. Analysts are focused on Nvidia’s transition from Hopper to Blackwell chips, which could temporarily impact sales.
  • Key estimates include Q4 revenue of $38.25b (data center: $34.06b, gaming: $3.02b), adjusted EPS of $0.84, and a 73.5% gross margin. Q1 revenue is projected at $42.26b, with 2026 revenue estimates at $198.63b. BBG Consensus ratings shows 68 buys, 7 holds, and 1 sell, with an average price target of $174.96 (38.6% upside). Nvidia shares are up 60.2% YoY, and the stock has an implied 8.5% one-day move post-earnings.
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  • Tesla is leading losses among the Magnificent Seven, pushing the gauge of the group into correction territory, with the Bloomberg Magnificent 7 Price Return Index down 10% from its December high. Tesla fell 8.39% on Tuesday and has been the biggest laggard, driven by a 45% drop in European sales last month, while rivals saw rising EV demand.
  • Amazon & Apple closed little changed, while all other names closed down over 1%
  • Nvidia is set to report Q4 earnings on after the US close on Wednesday, with investors watching AI spending trends amid concerns that data center operators may slow expenditures. Analysts are focused on Nvidia’s transition from Hopper to Blackwell chips, which could temporarily impact sales.
  • Key estimates include Q4 revenue of $38.25b (data center: $34.06b, gaming: $3.02b), adjusted EPS of $0.84, and a 73.5% gross margin. Q1 revenue is projected at $42.26b, with 2026 revenue estimates at $198.63b. BBG Consensus ratings shows 68 buys, 7 holds, and 1 sell, with an average price target of $174.96 (38.6% upside). Nvidia shares are up 60.2% YoY, and the stock has an implied 8.5% one-day move post-earnings.