US Morning News Call | Big Tech to Meet Trump on Pledge to Self-Supply Power for AI Data Centers

Key Takeaways:

• Third Round of Iran–U.S. Nuclear Talks Opens in Geneva

• Big Tech to Meet Trump on Pledge to Self-Supply Power for AI Data Centers

• Nvidia Reports Record Q4 Revenue of $68.1 Billion, Issues Strong Q1 Guidance

• Key Earnings: RKLB, CRWV, etc.

🔔Before the Bell

A stock rally is losing momentum after Nvidia's earnings beat failed to spark additional gains in technology shares, while investors turned cautious as high-stakes nuclear talks between the US and Iran began.

$E-mini NASDAQ 100 Futures (JUN6) (NQmain.US)$ went down by 0.08%;

$E-mini S&P 500 Futures (JUN6) (ESmain.US)$ went down by 0.01%;

$E-mini Dow Futures (JUN6) (YMmain.US)$ went down by 0.01%.

Third Round of Iran–U.S. Nuclear Talks Opens in Geneva

Iranian and U.S. delegations convened in Geneva for a new round of negotiations focused on Iran's nuclear program and potential sanctions relief, amid heightened regional tensions and fresh U.S. sanctions. Iranian officials said progress depends on the other side’s seriousness, while a senior adviser to Iran’s supreme leader suggested a deal could be reachable if talks stay limited to preventing nuclear weapons.

Supreme Court Overturns Trump Tariffs Creating Market Refund Opportunities

Supreme Court rejected Trump's sweeping tariffs last week, triggering a scramble among businesses to recover paid levies. Investment firms are buying tariff refund rights from companies, with prices jumping from 20 cents to 40 cents per dollar after the ruling.

Big Tech to Meet Trump on Pledge to Self-Supply Power for AI Data Centers

$Microsoft (MSFT.US)$ , $Amazon (AMZN.US)$ , $Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$ , $Oracle (ORCL.US)$ , xAI, and OpenAI are expected to meet at the White House on March 4 to sign a “Rate Payer Protection Pledge” aimed at ensuring new AI data centers bring, build, or buy their own electricity. The initiative is framed as a way to prevent rising power demand from increasing Americans’ electricity bills amid grid constraints.

Nvidia Reports Record Q4 Revenue of $68.1 Billion, Issues Strong Q1 Guidance

$NVIDIA (NVDA.US)$ reported record fourth-quarter revenue of $68.1 billion, up 73% year-over-year, crushing analyst estimates. The AI chip maker's networking revenue hit $10.98 billion, up 263% annually. Management provided bullish guidance for the upcoming quarter.

🪙Crypto News

$Bitcoin (BTC.CC)$ climbed +0.52% to 68344.01;$Ethereum (ETH.CC)$ climbed +0.33% to 2064.31.

Spot Bitcoin ETFs See Biggest Inflow in Three Weeks, Adding Over $506M

U.S. spot bitcoin ETFs logged $506.5 million in net inflows on Wednesday, with no fund posting net outflows. Analysts said the move points to institutional sentiment stabilizing and shifting back toward cautious accumulation, alongside positive inflows in Ethereum, XRP, and Solana ETFs.

📆Market Events

Key Economic Events

08:30 Initial Jobless Claims

Key Results

🔔After Market

The market anticipates $Rocket Lab (RKLB.US)$ revenue of $178 million, up 34.59% YOY, with net income at -$55.56 million, a 6.14% YOY decrease.

The market anticipates $CoreWeave (CRWV.US)$ revenue of $1.53 billion, with a net loss of $348 million.

The market anticipates $MP Materials (MP.US)$ revenue of $58.83 million, down 3.53% YOY, with a net loss of $19.86 million, a 11.11% YOY increase.

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