In a conversation with ET Now, Dipan Mehta, Director, Elixir Equities shared a constructive but selective outlook across sectors, expressing optimism on NBFCs and pharma, caution on metals, and a clear avoid stance on certain largecaps.

On the lending space, Mehta believes the clean-up in microfinance and MSME unsecured portfolios has strengthened the NBFC segment. “I think that for investors who want to buy lenders, NBFC is a great segment… a lot of NBFCs now have cleaned up their books… whatever the NPA they had are well behind them.”

He emphasised a preference for diversified lenders rather than niche players. “Our preference is for NBFCs which are doing multi-product… not just housing or automobile loans or microfinance or gold loan.” He cited Bajaj Finance, Chola and L&T Finance as preferred names, while disclosing investments in them.

Turning to solar equipment manufacturers, Mehta acknowledged that the bullish call has not played out immediately. “We have been very positive on all solar equipment manufacturing companies… that call is not proving right so far.” However, he maintained that long-term investors could benefit. “If you have a longer-term view… this is a nice sustainable compounding industry and can deliver good returns.” On the recently imposed 126% customs duty, he said, “This… will not impact India’s solar equipment industry to any major extent… Waaree included,” adding that valuations have turned attractive, even as he disclosed existing investments in the space.

On the underperformance of Reliance Industries, Mehta offered a structural explanation. “I have a different view and that is that it is slowly going to become a holding company.” He suggested that investors may be uncomfortable with the prospect of IPOs for Jio and retail without a clear vertical split. “We would have preferred a vertical split… given free shares to all the shareholders.” Until there is clarity on restructuring, he believes the stock could remain subdued, though he reiterated that it remains a great company.

In real estate, Mehta advised patience and selectivity, favouring larger developers with rental income streams. “I would prefer the larger ones, especially those which have got some annuity assets as well.” He referred to companies like Prestige and DLF as examples and added that investors should broadly focus on players with rental assets, given the supply of new listings and valuation adjustments underway.
On tobacco counters, particularly ITC Limited, his stance was unequivocal. “Yes, we have a view and it is an avoid. It is not an FMCG stock. It is a tobacco stock and it is valued accordingly.” He said growth visibility remains limited. “I do not see ITC growing at double digit type of growth rates in the foreseeable future.” Instead, his focus is on small and midcap companies with unique business models and more reasonable valuations after the recent correction.Discussing the GLP-1 opportunity in pharma, Mehta acknowledged its potential but warned about competition. “You are right, it is a good opportunity. But just too many players over there.” Even so, he remains constructive on the broader sector. “On the whole investors should be overweight pharma.” He noted that CDMO companies have seen sharp corrections and should be on investor watchlists for a potential turnaround.

On new-age digital firms such as Eternal, he said investor patience appears to be wearing thin. “Investors are losing patience… when they will turn to profitability.” However, he added, “We remain very positive on Eternal… we have a longer-term view,” signalling continued conviction despite volatility.

Finally, on metals, Mehta struck a cautious tone after a prolonged rally. “It is a cyclical industry and now it has been a great outperformer.” While he would remain invested, he is not keen on fresh entries at current levels. “At some point the cycle certainly will turn… right now I do not see the outperformance continuing.”

Overall, Mehta’s approach reflects a preference for diversified financials, an overweight stance on pharma, selective exposure in real estate and solar, caution in metals, and a clear avoidance of slow-growth largecaps — all anchored in a long-term investment perspective.

Oracle Corporation’s stock rebounded 1.20% to close at $147.89 on February 25, 2026, snapping a recent pullback as analysts highlighted the company’s undervaluation following a sharp sell-off, with Oppenheimer upgrading the shares to Outperform and setting a $185 price target amid ongoing optimism about Oracle Cloud Infrastructure’s role in AI workloads.

As of February 25, 2026, Oracle (NYSE: ORCL) traded in a session range of $147.34 to $153.28 with volume of approximately 26.5 million shares. The shares have declined about 25% year-to-date in 2026 from earlier peaks near $200+, reflecting investor concerns over slowing cloud revenue growth, elevated capital expenditures, and debt levels tied to aggressive AI data center buildout. Market capitalization stands around $410-420 billion.

The February 25 gain followed Oppenheimer analyst Brian Schwartz’s upgrade from Perform to Outperform, citing an attractive valuation after the recent decline and viewing easing risks around OpenAI partnerships and continued hyperscaler cloud spending as long-term catalysts. Schwartz’s $185 target implies about 25% upside from recent levels. Other firms, including Bernstein SocGen Group, trimmed targets earlier in February but maintained Outperform ratings, underscoring mixed but generally constructive sentiment.

The upgrade arrives ahead of Oracle’s fiscal third-quarter 2026 earnings, expected in early March 2026 (likely March 9-10). Analysts project EPS around $1.36-$1.56 and revenue near $16 billion, reflecting continued growth in cloud services despite earlier Q2 results that fell slightly short of expectations. In fiscal Q2 2026 (ended November 30, 2025), reported December 10, 2025, Oracle delivered total revenue of $16.1 billion, up 14% year-over-year (13% in constant currency), with cloud revenue (IaaS plus SaaS) surging 34% to $8.0 billion. Remaining performance obligations reached a record $523 billion, up 438% in USD, driven by long-term commitments from major clients including Meta Platforms and NVIDIA.

Oracle’s AI push has centered on Oracle Cloud Infrastructure (OCI), positioned as a premier platform for high-performance computing and generative AI workloads. The company has aggressively expanded data center capacity, with projected fiscal 2026 capital expenditures soaring to $50 billion—a $15 billion increase from September 2025 guidance. Partnerships with NVIDIA and others underscore OCI’s growing traction in AI training and inference, though some observers note risks from heavy spending, negative free cash flow exceeding $10 billion in recent periods, and off-balance-sheet lease obligations approaching $248 billion.

Despite near-term pressures, analysts view Oracle’s trajectory positively. The company’s enterprise software dominance, combined with cloud acceleration and AI tailwinds, supports projections for fiscal 2026 revenue growth in the mid-teens and continued margin expansion. Consensus among covering firms leans toward Buy, with average 12-month price targets around $180-$200, implying substantial upside from current levels.

Oracle’s strategic focus includes embedding AI across products, with leadership emphasizing agility in response to rapid AI technology changes. Recent contracts, such as an $88 million OCI deal with the U.S. Department of the Air Force, reinforce its positioning in secure, mission-critical workloads. The company also benefits from its database and applications heritage, providing a stable foundation amid the shift to cloud and AI services.

Challenges persist, including competitive intensity from AWS, Microsoft Azure, and Google Cloud, as well as concerns over capital intensity and debt management. Some reports highlight potential margin erosion if revenue growth slows relative to spending, though Oracle’s RPO backlog offers strong visibility into future revenue.

The upcoming Q3 report will provide critical insights into cloud revenue trends, AI adoption, capex execution, and any refinements to full-year guidance. Positive commentary on OCI momentum and AI pipeline could sustain the rebound; signs of prolonged spending pressures might renew caution.

Oracle Corporation, a leader in enterprise software and cloud services, navigates a pivotal phase with its AI and cloud investments positioning it for long-term growth. Recent sell-off concerns appear to have created an entry point for some analysts, who see the stock as undervalued relative to its potential in the AI infrastructure boom. As fiscal 2026 progresses, Oracle’s ability to convert massive backlog and spending into profitable expansion will determine whether the current rebound marks a turning point or a temporary pause.

Apple announced a new age verification tool in the U.S. and abroad to ensure users wishing to download certain apps are at least 18 years old to comply with laws enacted by some U.S. states and foreign countries.

The tool is rolling out in Utah, Louisiana, Brazil, Australia and Singapore, all of which have laws requiring age restrictions for users of apps rated 18+.

App developers in these regions may now use Apple’s updated Declared Age Range Application Programming Interface (API), which is currently in beta testing, to determine a user’s age range, the company announced on Tuesday.

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In Utah and Louisiana, app developers can request users’ age categories on the API. The tools expand on previous efforts aimed at helping developers meet compliance obligations for the two U.S. states.

“New signals are now available through the Declared Age Range API, including whether age-related regulatory requirements apply to the user and if the user is required to share their age range,” Apple’s announcement reads. “The API will also let you know if you need to get a parent or guardian’s permission for significant app updates for a child.”

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“Developers can use the Declared Age Range API to present significant update notifications to adults in these states through the Significant Update Action, now in beta,” the tech company said. “When releasing a significant update, developers must follow the Human Interface Guidelines and provide users with a meaningful description of the update.”

In Brazil, Australia and Singapore, users will be blocked from downloading apps rated 18 and up unless they are confirmed to be old enough through “reasonable methods.”

“The App Store will perform this confirmation automatically,” Apple said in its announcement. “However, developers may have separate obligations to independently confirm that their users are adults. To assist with this, the Declared Age Range API—available on iOS, iPadOS, and macOS—provides developers with a helpful signal about a user’s age.”

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Age categories for users in Brazil will be shared with app developers when the user or a parent or guardian agrees to send the age category. The API will also return a signal from the user’s device about the method of age verification.

“For developers distributing their apps in Brazil, if you identify your app as containing loot boxes through the age rating questionnaire, the age rating of your app on the Brazil storefront will be updated to 18+,” Apple said.

US trading partners, including China and the EU, are responding to Trump’s recent tariff setbacks and warnings of potential new tariffs. They are likely adopting cautious or defensive strategies in light of these developments, reflecting concerns over economic stability and trade relations. The situation underscores ongoing tensions between the US and its trade partners over tariffs and trade policies.

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The setback of Donald Trump’s tariffs marks a significant turning point in global trade dynamics. During his administration, tariffs were used as a tool to pressure China into changing trade practices, but these measures led to increased costs and tensions. The recent move to roll back or ease some tariffs suggests a shift toward more cooperative trade relations, which could benefit both China and the global economy.

For China, the reduced tariffs offer relief from some of the trade disruptions it faced under Trump’s trade wars. It may boost Chinese exports and investments, fostering more stability in its economic growth. Additionally, easing tariffs can foster improved diplomatic relations between the two countries, aiding in ongoing negotiations on trade and other economic issues.

Globally, the easing of tariffs could help restore confidence in international markets. It signals a potential shift away from protectionism towards more open trade policies. This development may encourage other nations to reconsider their trade barriers, promoting a more interconnected and resilient global economy in the long term.

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NVIDIA CEO Jensen Huang said the artificial intelligence boom is only just beginning and nowhere near its peak, predicting that AI is “going to be everywhere” as the industry enters a decade of growth.

Huang made the comments during an interview airing Thursday on FOX Business’ “The Claman Countdown” with host Liz Claman.

“AI is just going to be everywhere. So we have plenty of runway, lots and lots of growth ahead of us,” he said.

“It will take time, but we have lots of time,” he continued. “I think this is where, at the beginning of probably about a decade of buildout, people think that it looks like a lot of capacity being built. But in fact, it’s a very small amount of the total capacity the world needs. The amount of computation we need is far greater than the amount of capacity we’re putting online this year and next year.”

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Huang also said that his company has guided to zero revenue from sales to China in the current quarter, but they are “hoping for more.”

Asked why that remains the case even after the Trump administration opened channels for certain chip sales to China, Huang said NVIDIA is still waiting on customers to decide how much to purchase.

“We’ve approved for some narrow licenses for some customers, and now the customers have to decide for themselves how much they’re allowed to buy,” Huang said.

He also said the concern that China is going to use American technology to advance its AI industry is “poorly placed.”

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“Obviously, they have their own technology,” he added. “I think the concerns about China relying on American technology to advance their AI industry are just poorly placed. AI includes energy. It includes the chip industry that we’re part of. It also includes, of course, models and applications. And it’s a fiber layer cake, if you will. Every single layer has an industry and all of those industries should go compete around the world to go secure AI leadership for the United States.”

He emphasized that he believes the decision to block the United States out of the China market “has surely proven to be the wrong decision.”

The NVIDIA executive went on to explain how jobs could be impacted by AI, predicting that it’s “sensible” to expect that “some jobs will be obsolete in the future, many new jobs will be created and most jobs will be changed.”

Though Huang noted that AI is creating jobs all over the U.S. through factories, data centers, chip plants and computer plants that need to be built to advance the technology.

“The number of trade skill labor jobs that we’re creating around the United States is really quite extraordinary,” he said. “I’m delighted to see it, and that’s a whole segment of our economy and a whole of our society that we really would love to have built back in the United Sates so that we could become a reindustrialized country again.”

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Addressing potential unemployment as a result of AI, he said, “one of the things that’s really helpful is to think about work, think about jobs, both as a task that’s involved in the job as well as the purpose of the job.”

Huang further spoke on the progression of AI, saying that while it is already “super intelligent” in “narrow spaces,” it is going to “change every single month.”

“This year is going to be a pretty big breakthrough for artificial general intelligence, and we’re seeing that now,” he said. “We’ve seen that floodgate for enterprise usage of AI really starting to grow. So this is a great time.”

The full interview with Jensen Huang airs Thursday at 3 p.m. EST.