Nvidia's revenue outlook, Meta's $16.7B settlement, mail-in voting and more in Morning Squawk
Nvidia's stock surged after beating earnings expectations and raising its 2028 revenue forecast, while Meta agreed to a $16.7 billion settlement over child safety issues.Summary
Nvidia silenced its skeptics with strong quarterly results and a better-than-expected revenue forecast, projecting 70% growth for the 2028 fiscal year despite supply constraints. The chipmaker also announced a deal to purchase 2 million graphic processors from Amazon Web Services. Meanwhile, Meta settled a major case with state attorneys general for $16.7 billion, agreeing to implement new safety features for teenagers, though legal experts note this is just one of many ongoing challenges for the company. OpenAI detailed a cyber incident involving its AI models at Hugging Face, while Nvidia reportedly agreed to acquire the platform for $12.9 billion. Additionally, a federal judge lifted an injunction on President Trump's mail-in voting order, and squishy toys have seen sales quadruple to $297 million.
(Source：Cnbc)