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Global Market Today | Asian stocks climb, Nvidia pares earlier gains

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Global Market Today | Asian stocks climb, Nvidia pares earlier gains
Asian shares climbed for a fourth day as recent turmoil sparked by concerns over the impact of artificial intelligence subsided, though gains were tempered by a muted response to Nvidia Corp.’s upbeat sales forecast.

The MSCI Asia Pacific Index rose 1% to another all-time high, with South Korea’s Kospi Index — a bellwether for AI investments — jumping 1.9% to a record. Nvidia’s shares erased earlier gains in extended trading, even after the chipmaker forecast first-quarter revenue between $76.4 billion and $79.6 billion, topping estimates of $72.8 billion.

US equity-index futures were also a touch weaker after the underlying gauges rallied on Wednesday. Elsewhere, the dollar weakened for a second day, while Treasuries broadly held their losses from the prior session. Gold edged up and Bitcoin fell to trade around $68,300.

Wall Street benchmarks rallied Wednesday, with investors looking to Nvidia’s outlook to reinvigorate the AI trade and ease concern that valuations have run ahead of fundamentals. Asian chipmakers, at the heart of the AI supply chain, stand to benefit if the build-out remains intact, bolstering the region’s semiconductor earnings outlook and lending support to broader equity markets.

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“Nvidia’s blowout earnings should offer Asia — especially Japan, Korea and Taiwan’s AI-linked names — a firm fundamental anchor and a welcome sigh of relief,” said Hebe Chen, senior market analyst at Vantage Global Prime. “Yet the after-hours seesaw shows this market is now trading for ‘more than great,’ demanding renewed acceleration rather than mere confirmation.”


After a remarkable run of sales growth, which turned Nvidia into the world’s most valuable company, investors have proven harder to satisfy. Nvidia signaled that concerns about an overheated AI economy will continue to dog the company.
Though the average Wall Street estimate was $72.8 billion, some analysts had projected numbers approaching $80 billion, according to data compiled by Bloomberg.Investors have been so sensitive that a report from a little-known firm called Citrini Research outlining the potential AI risks to various industries — using hypothetical scenarios set in the future — jolted markets earlier this week. The disruptive potential of the technology has roiled stocks across sectors for weeks in what’s become known as the “AI scare trade.”

Wolfe Research conducted a poll that suggests most investors bet the AI “wrecking ball” that’s roiled markets is largely “overblown,” said Chris Senyek. However, participants viewed the “broadening out” trade as alive.

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Canada’s finance minister says US is unlikely to life tariffs

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Canada's finance minister says US is unlikely to life tariffs

“And as time goes by, I believe the tariffs, paid for by foreign countries, will, like in the past, substantially replace the modern-day system of income tax, taking a great financial burden off the people that I love,” the US president said during his annual address to Congress on Tuesday.

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FDA recalls 55,000 pounds frozen blueberries over potential Listeria

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FDA recalls 55,000 pounds frozen blueberries over potential Listeria

Federal regulators have announced a recall of 55,000 pounds of frozen blueberries over potential Listeria contamination that could pose a life-threatening risk.

Oregon Potato Company — a family-owned business in Salem specializing in frozen and dehydrated potatoes, vegetables, and fruits — has flagged 55,689 pounds of individually quick-frozen blueberries, the U.S. Food and Drug Administration said.

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While the notice was made on Feb. 12, regulators on Tuesday upgraded it to a Class 1 recall, with officials warning that exposure to the potential Listeria monocytogenes “could cause serious adverse health consequences or death.”

The product was distributed across several U.S. states, including Michigan, Oregon, Washington, and Wisconsin, as well as throughout Canada. 

MORE THAN 191,000 AROEVE AIR PURIFIERS RECALLED OVER OVERHEATING, FIRE RISK

Blueberries

Roughly 55,000 pounds of frozen blueberries have been recalled over listeria contamination risk. (Stefan Sauer/picture alliance via Getty Images / Getty Images)

The product was not sold directly to consumers in retail stores but instead moved between businesses within the supply chain, the FDA said.  

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The recall, which was initiated via email, remains ongoing.

The affected items include 30-pound cases with expiration dates from July 23, 2027, to July 24, 2027, bearing lot codes 2055 B2, 2065 B1, and 2065 B3. They are packaged in polyethylene bags within corrugated cases, a specialized dual-layered design.  

Regulators stated that 1,400-pound totes were also affected, with lot codes 3305 A1 and 3305 B1, both expiring on Nov. 25, 2027. The product is packaged in polyethylene liners within Gaylord totes, which are heavy-duty, industrial-grade plastic bags placed in large bulk-shipping containers.

RECALL ISSUED FOR MORE THAN 12K ADULT BED RAILS OVER ENTRAPMENT, ‘RISK OF DEATH’

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Listeria bacteria under a microscope

Microscopic look at listeria.  (BSIP/UIG  / Getty Images)

L. monocytogenes is generally transmitted where food is harvested and processed in manufacturing or production environments.

Listeria monocytogenesis is a disease-causing bacteria that can cause foodborne illness, leading to symptoms such as fever, diarrhea, and vomiting.

A sign for the Food And Drug Administration is seen outside of the headquarters

A sign for the Food And Drug Administration is seen outside the headquarters on July 20, 2020, in White Oak, Maryland.  ((Photo by Sarah Silbiger/Getty Images) / AP Newsroom)

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While healthy adults rarely become seriously ill from a Listeria infection, the disease can cause severe—and sometimes fatal—symptoms in unborn babies, newborns, the elderly, and individuals with weakened immune systems.

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GameStop (GME) Stock Trades Near $24 as Retail Interest Reignites, CEO Acquisition Vision Fuels Speculation

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Microsoft CEO Satya Nadella says the US tech giant plans to invest $3 billion in India on AI and cloud infrastructure over the next two years

GameStop Corp.’s stock has stabilized near $24 in late February 2026, closing at $23.92 on February 25 after a modest 0.63% gain, as renewed retail investor enthusiasm and CEO Ryan Cohen’s comments on pursuing transformative acquisitions keep the meme stock in focus despite ongoing challenges in the core retail business.

Young investors are sometimes seen skeptically following their role in the GameStop stock craze, but say they are clued in to the market's risks
GameStop Stock

As of February 25, 2026, GameStop (NYSE: GME) traded in a session range of $23.71 to $24.11 with volume around 800,000 to several million shares across recent days. The shares have risen about 15% year-to-date in 2026, recovering from earlier weakness and trading well above 2025 lows near $20 but far below the all-time highs from the 2021 squeeze. Market capitalization hovers around $10.6 billion to $10.7 billion.

The recent uptick reflects a mix of retail momentum and strategic commentary from Cohen. In January 2026 interviews and filings, Cohen outlined ambitions for a “very big” acquisition of a publicly traded consumer company that could dramatically reshape GameStop’s profile and potentially increase its value significantly. Reports suggested a deal could target a consumer megadeal worth billions, positioning GameStop as a holding company with stronger growth prospects beyond declining physical game sales. A social media post in February declaring “We’ll take a million” further sparked speculation among retail traders about bold moves or share repurchases.

GameStop’s cash position—bolstered by prior equity raises—provides flexibility for such pursuits. The company holds billions in cash equivalents, enabling potential transformative investments while core operations face structural pressures. Revenue continues to trend lower due to digital game distribution shifts, with Q3 2025 (fiscal third quarter ended October 2025) showing $821 million, down 4.57% year-over-year. Profitability has improved through aggressive cost controls, including store closures—GameStop is expected to shutter around 470 locations by early 2026—and a focus on higher-margin segments like collectibles and partnerships.

Recent developments include insider activity supporting confidence. CEO Ryan Cohen purchased 1 million shares in prior periods for over $21 million, with additional buys from executives and directors in January and February 2026. Institutional moves show mixed signals, with some additions and reductions, but retail forums and options activity remain elevated. A February social media post hinting at ambitious targets ignited discussions about potential mergers or buybacks.

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Analysts debate valuation amid the narrative shift from meme volatility to capital allocation play. Consensus leans cautious, with average 12-month price targets around $13.50 to $15, implying downside from current levels and reflecting skepticism about sustainable profitability. Some models suggest intrinsic value as low as $11.91, while optimistic retail-driven estimates reach $220, highlighting the wide gap between fundamental views and speculative enthusiasm. P/E ratios sit elevated at around 25-28x recent earnings, with forward guidance tied to cost discipline and any acquisition success.

GameStop’s next earnings report, for fiscal Q4 2025 (ended January 2026), is expected March 24, 2026, before market open, with a conference call the following day. Traders anticipate updates on holiday sales, store optimization, cash deployment, and progress toward Cohen’s strategic goals. Positive surprises on margins or deal announcements could extend gains; continued revenue softness might pressure shares.

The company has explored partnerships, including with Cineverse for film promotions and PSA for collectibles grading, diversifying beyond traditional gaming retail. However, core challenges persist: declining foot traffic in brick-and-mortar stores, competition from digital platforms, and a shrinking physical game market. Analysts note GameStop’s evolution into a cash-rich entity with acquisition potential, but execution risks remain high in a competitive consumer landscape.

Retail sentiment on platforms like Reddit and X continues to drive volatility, with “diamond hands” holders emphasizing long-term bets on Cohen’s vision. Institutional coverage remains limited, with some firms maintaining Sell or Reduce ratings due to structural headwinds in retail gaming.

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GameStop’s trajectory in 2026 hinges on balancing legacy operations with bold strategic moves. Cohen’s acquisition focus and the company’s cash hoard offer upside potential if a transformative deal materializes, while retail enthusiasm could sustain momentum. As earnings approach, investors watch for signs of progress beyond meme status toward a redefined business model.

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Escalante amends bail to get jet access

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Escalante amends bail to get jet access

Gaming billionaire Laurence Escalante has faced court to amend his bail and suppression order in a bid which could see him gain access to his private jet.

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MTU Aero Engines Shares Fall After Outlook Narrowly Misses Expectations

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MTU Aero Engines Shares Fall After Outlook Narrowly Misses Expectations

MTU Aero Engines MTX 1.10%increase; green up pointing triangle shares fell after the German aircraft-engine manufacturer gave cash-flow and earnings guidance for 2026 that, at the midpoint of its ranges, came in slightly below consensus expectations.

Shares in MTU were down 7.7% in European afternoon trading, reducing the stock’s year-to-date gain to 3.3%.

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ADCO wins $163m hockey centre redevelopment contract

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ADCO wins $163m hockey centre redevelopment contract

Ground has broken for construction of the $163 million Australian Hockey Centre at Curtin University’s Bentley campus.

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Neal West, Kaiser Aluminum EVP, sells $608k in shares

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Neal West, Kaiser Aluminum EVP, sells $608k in shares

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AMD Stock Rallies on Meta Chip Deal

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David Uberti hedcut

That’s the value of the deal Advanced Micro Devices and Meta Platforms unveiled this morning, which will see the Facebook owner buy 6 gigawatts’ worth of AI computing power.

AMD (AMD) stock jumped 6.5% Tuesday morning.

Nvidia (NVDA) and Meta (META) shares were little changed.

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Home Prices Ended 2025 Stronger Than Expected. Where Buyers and Sellers Are Looking.

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Home Prices Ended 2025 Stronger Than Expected. Where Buyers and Sellers Are Looking.

Home Prices Ended 2025 Stronger Than Expected. Where Buyers and Sellers Are Looking.

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Oil climbs as US-Iran tensions keep supply risks in focus

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Oil climbs as US-Iran tensions keep supply risks in focus


Oil climbs as US-Iran tensions keep supply risks in focus

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