According to a new analysis by Pantheon Macroeconomics, the Atlanta Fed's GDPNow model’s 5.3% Q4 GDP growth forecast appears “overly optimistic.”
Samuel Tombs, the firm's Chief U.S. Economist, described this blockbuster forecast as “highly questionable,” citing significant limitations in the underlying data and methodology.
While the GDPNow model mechanically incorporates monthly data series that are reflected in official GDP reports, according to Pantheon Macroeconomics, this approach leaves “no room for wise judgment on quirks or underlying trends in the data.”
The firm pointed out that the current forecast is based on extremely limited hard data, with almost no data available for December, very little for November, and significant gaps even in October. At this stage before the preliminary Q4 GDP release, GDPNow’s average absolute forecast error has historically been 1.2 percentage points, and has reached as high as 3.6 percentage points.
According to Pantheon’s analysis, GDPNow’s...
Samuel Tombs, the firm's Chief U.S. Economist, described this blockbuster forecast as “highly questionable,” citing significant limitations in the underlying data and methodology.
While the GDPNow model mechanically incorporates monthly data series that are reflected in official GDP reports, according to Pantheon Macroeconomics, this approach leaves “no room for wise judgment on quirks or underlying trends in the data.”
The firm pointed out that the current forecast is based on extremely limited hard data, with almost no data available for December, very little for November, and significant gaps even in October. At this stage before the preliminary Q4 GDP release, GDPNow’s average absolute forecast error has historically been 1.2 percentage points, and has reached as high as 3.6 percentage points.
According to Pantheon’s analysis, GDPNow’s...
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$NVIDIA (NVDA.US)$
JPMorgan’s semiconductor stocks to watch as the earnings season approaches include Nvidia ( NVDA )、Broadcom (AVGO ), Micron ( MU).
“As we approach the Q4 2025 earnings season (and more broadly, 2026), companies are expected to report Q4 results in line with or exceeding expectations, while also offering constructive guidance for Q1 and FY2026. This should sustain the trend of upward revisions in profits seen over the past few quarters, providing further support for continued stock outperformance through the end of the year,” wrote analysts led by Harlan Sur in a note to clients.
The firm has an overweight rating on Broadcom, Marvell (Marvell Technology), NVIDIA, Analog Devices (ADI), Micron, KLA Corporation (KLAC), Synopsys (SNPS ). In the small-cap sector, they also highlight MACOM Technology Solutions (MTSI...
JPMorgan’s semiconductor stocks to watch as the earnings season approaches include Nvidia ( NVDA )、Broadcom (AVGO ), Micron ( MU).
“As we approach the Q4 2025 earnings season (and more broadly, 2026), companies are expected to report Q4 results in line with or exceeding expectations, while also offering constructive guidance for Q1 and FY2026. This should sustain the trend of upward revisions in profits seen over the past few quarters, providing further support for continued stock outperformance through the end of the year,” wrote analysts led by Harlan Sur in a note to clients.
The firm has an overweight rating on Broadcom, Marvell (Marvell Technology), NVIDIA, Analog Devices (ADI), Micron, KLA Corporation (KLAC), Synopsys (SNPS ). In the small-cap sector, they also highlight MACOM Technology Solutions (MTSI...
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$NVIDIA (NVDA.US)$
Sovereign AI, a UK-based AI infrastructure provider, announced on Wednesday its partnership with Accenture (ACN) and Palantir Technologies (PLTR), to build next-generation data centers across Europe, the Middle East, and Africa.
Accenture's stock price slightly increased in pre-market trading, while Palantir’s shares fell by 1.8%.
The UK company, also known as S-AI, stated that this agreement will accelerate the development and deployment of capabilities utilizing Dell () AI factories and NVIDIA (NVDA ). The company mentioned thatStatementthese data centers will support AI workloads and contribute to ensuring high-performance operations within regulated industries.
Palantir offers an operating system for AI infrastructure called Chain Reaction, and Accenture supports digital transformation, operational support, and delivery.
「Palantir Chain Reaction software is,...
Sovereign AI, a UK-based AI infrastructure provider, announced on Wednesday its partnership with Accenture (ACN) and Palantir Technologies (PLTR), to build next-generation data centers across Europe, the Middle East, and Africa.
Accenture's stock price slightly increased in pre-market trading, while Palantir’s shares fell by 1.8%.
The UK company, also known as S-AI, stated that this agreement will accelerate the development and deployment of capabilities utilizing Dell () AI factories and NVIDIA (NVDA ). The company mentioned thatStatementthese data centers will support AI workloads and contribute to ensuring high-performance operations within regulated industries.
Palantir offers an operating system for AI infrastructure called Chain Reaction, and Accenture supports digital transformation, operational support, and delivery.
「Palantir Chain Reaction software is,...
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$Palantir (PLTR.US)$
Sovereign AI, a UK-based AI infrastructure provider, announced on Wednesday its partnership with Accenture (ACN) and Palantir Technologies (PLTR), to build next-generation data centers across Europe, the Middle East, and Africa.
Accenture’s stock price rose slightly in pre-market trading, while Palantir’s shares fell by 1.8%.
The UK-based company, also known as S-AI, stated that this agreement will accelerate the development and deployment of capabilities utilizing Dell (DELL)) AI factories and NVIDIA (NVDA ). The company mentionedStatementthat these data centers will support AI workloads and help ensure high-performance operations within regulated industries.
Palantir provides an operating system for AI infrastructure called Chain Reaction, and Accenture supports digital transformation, operational support, and delivery.
「Palantir Chain Reacti...
Sovereign AI, a UK-based AI infrastructure provider, announced on Wednesday its partnership with Accenture (ACN) and Palantir Technologies (PLTR), to build next-generation data centers across Europe, the Middle East, and Africa.
Accenture’s stock price rose slightly in pre-market trading, while Palantir’s shares fell by 1.8%.
The UK-based company, also known as S-AI, stated that this agreement will accelerate the development and deployment of capabilities utilizing Dell (DELL)) AI factories and NVIDIA (NVDA ). The company mentionedStatementthat these data centers will support AI workloads and help ensure high-performance operations within regulated industries.
Palantir provides an operating system for AI infrastructure called Chain Reaction, and Accenture supports digital transformation, operational support, and delivery.
「Palantir Chain Reacti...
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$NVIDIA (NVDA.US)$
NVIDIA (NVDA) CEO Jensen Huang, during a discussion on this groundbreaking technology with Blackrock (BLK) CEO Larry Fink at the World Economic Forum held in Davos, Switzerland on Wednesday, stated that AI is initiating the largest infrastructure buildout in human history, requiring more energy, land, and skilled labor.
AI Infrastructure
Mr. Huang stated that AI is fundamentally a 'five-layer cake,' with energy being the first layer, followed by chips and computing infrastructure, cloud infrastructure and cloud services, AI models, and finally, the application layer needed for all of us to succeed.
"This application layer can be utilized across various sectors such as financial services, healthcare, and manufacturing. Ultimately, economic benefits will arise from this topmost layer. However, what's important is that this computing platform requires all underlying layers. As you are witnessing now, this platform..."
NVIDIA (NVDA) CEO Jensen Huang, during a discussion on this groundbreaking technology with Blackrock (BLK) CEO Larry Fink at the World Economic Forum held in Davos, Switzerland on Wednesday, stated that AI is initiating the largest infrastructure buildout in human history, requiring more energy, land, and skilled labor.
AI Infrastructure
Mr. Huang stated that AI is fundamentally a 'five-layer cake,' with energy being the first layer, followed by chips and computing infrastructure, cloud infrastructure and cloud services, AI models, and finally, the application layer needed for all of us to succeed.
"This application layer can be utilized across various sectors such as financial services, healthcare, and manufacturing. Ultimately, economic benefits will arise from this topmost layer. However, what's important is that this computing platform requires all underlying layers. As you are witnessing now, this platform..."
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$NVIDIA (NVDA.US)$
Bloomberg reported thatAccording to sources familiar with the matter, NVIDIA (NVDA) CEO Jensen Huang is reportedly planning to visit China in late January to revive a key market for the company’s AI chips.
Mr. Huang is scheduled to attend an internal company event and plans to visit Beijing, but it remains unclear whether he will meet with senior Chinese government officials, according to sources.The report added,Depending on whether these meetings materialize, Mr. Huang’s itinerary could change.
Nvidia (NVDA ) declined to comment in an email to Seeking Alpha.
Mr. Huang's visit to China comes after the U.S. approved the export of NVIDIA’s (NVDA) second most powerful AI chip, the H200, to China. However, Chinese customs authorities later announced that imports of the H200 chips into China would not be permitted.
China, the largest semiconductor market, aims for self-reliance in AI chips, putting pressure on NVIDIA (NVIDIA (NVDA) is facing US-imposed regulations on advanced technology. However, Mr. Huang's actions suggest efforts to restore a key revenue stream. China has historically been an important market for NVIDIA (NVDA). ).
Bloomberg reported thatAccording to sources familiar with the matter, NVIDIA (NVDA) CEO Jensen Huang is reportedly planning to visit China in late January to revive a key market for the company’s AI chips.
Mr. Huang is scheduled to attend an internal company event and plans to visit Beijing, but it remains unclear whether he will meet with senior Chinese government officials, according to sources.The report added,Depending on whether these meetings materialize, Mr. Huang’s itinerary could change.
Nvidia (NVDA ) declined to comment in an email to Seeking Alpha.
Mr. Huang's visit to China comes after the U.S. approved the export of NVIDIA’s (NVDA) second most powerful AI chip, the H200, to China. However, Chinese customs authorities later announced that imports of the H200 chips into China would not be permitted.
China, the largest semiconductor market, aims for self-reliance in AI chips, putting pressure on NVIDIA (NVIDIA (NVDA) is facing US-imposed regulations on advanced technology. However, Mr. Huang's actions suggest efforts to restore a key revenue stream. China has historically been an important market for NVIDIA (NVDA). ).
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$NVIDIA (NVDA.US)$
Heading into earnings season, the semiconductor names Citi is watching most closely are NVIDIA ( NVDA )、Broadcom (AVGO ), NXP Semiconductors ( NXPI ), and Analog Devices ( ADI).
"We expect this earnings season to be strong for semiconductor companies, with estimates rising for nearly all of our coverage," wrote analyst Atif Malik in a note to clients. "We are most positive on data center semiconductors driven by AI and general server demand, followed by analog semiconductors due to lean inventory levels and margin pressure. For PC/smartphone semiconductors, we remain cautious as component cost increases could negatively impact unit shipments. Our top picks are AVGO, NVDA, ADI, and NXPI."
Digging deeper, Malik highlighted OpenAI () and Oracl...
Heading into earnings season, the semiconductor names Citi is watching most closely are NVIDIA ( NVDA )、Broadcom (AVGO ), NXP Semiconductors ( NXPI ), and Analog Devices ( ADI).
"We expect this earnings season to be strong for semiconductor companies, with estimates rising for nearly all of our coverage," wrote analyst Atif Malik in a note to clients. "We are most positive on data center semiconductors driven by AI and general server demand, followed by analog semiconductors due to lean inventory levels and margin pressure. For PC/smartphone semiconductors, we remain cautious as component cost increases could negatively impact unit shipments. Our top picks are AVGO, NVDA, ADI, and NXPI."
Digging deeper, Malik highlighted OpenAI () and Oracl...
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$NVIDIA (NVDA.US)$
Wall Street JournalAccording to Calcalist, Nvidia (NVDA ) supported Baseten, a startup focused on providing inference for artificial intelligence applications, in its latest funding round.
This funding round raised $300 million, bringing Baseten’s valuation to over $5 billion, more than double its previous worth, according tothe report. The round was led by IVP, a technology-focused venture capital firm, and CapitalG, GOOG)( GOOGL)Google's independent growth fund.
Baseten recently completed a $150 millionSeries Dfunding round in September.
"Dynamic AI companies like Abridge, OpenEvidence, Clay, Mirage, Zed, Gamma, Sourcegraph, Writer, and Bland are utilizing Baseten to develop applications that reach hundreds of millions of users," said Tuhin Srivastava, CEO and co-founder of Baseten.
Wall Street JournalAccording to Calcalist, Nvidia (NVDA ) supported Baseten, a startup focused on providing inference for artificial intelligence applications, in its latest funding round.
This funding round raised $300 million, bringing Baseten’s valuation to over $5 billion, more than double its previous worth, according tothe report. The round was led by IVP, a technology-focused venture capital firm, and CapitalG, GOOG)( GOOGL)Google's independent growth fund.
Baseten recently completed a $150 millionSeries Dfunding round in September.
"Dynamic AI companies like Abridge, OpenEvidence, Clay, Mirage, Zed, Gamma, Sourcegraph, Writer, and Bland are utilizing Baseten to develop applications that reach hundreds of millions of users," said Tuhin Srivastava, CEO and co-founder of Baseten.
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$NVIDIA (NVDA.US)$
Anthropic (ANTHRODario Amodei, CEO of Anthropic ( ), spoke at the World Economic Forum in Davos, Switzerland, about disruptive AI technology, competition with major AI tech companies, and potential IPO plans.
"The characteristic of this technology is that it could lead us to a world where GDP shows very high growth rates while unemployment and inequality could also become extremely high," said Amodei. "There has never been such a disruptive technology before. So, the idea that GDP could grow by 5% or even 10%, while unemployment reaches 10%, is not at all logically inconsistent. It's just that we've never been in such a situation before."
Amodei pointed out that there were concerns about the risks and misuse of AI in 2023 and 2024, and that political winds shifted towards AI opportunities in 2025 but are now reversing again.
Competition
Regarding competitive pressures, Amodei noted that one of the good early decisions Anthropic made was to focus on becoming a company oriented toward enterprises rather than consumers...
Anthropic (ANTHRODario Amodei, CEO of Anthropic ( ), spoke at the World Economic Forum in Davos, Switzerland, about disruptive AI technology, competition with major AI tech companies, and potential IPO plans.
"The characteristic of this technology is that it could lead us to a world where GDP shows very high growth rates while unemployment and inequality could also become extremely high," said Amodei. "There has never been such a disruptive technology before. So, the idea that GDP could grow by 5% or even 10%, while unemployment reaches 10%, is not at all logically inconsistent. It's just that we've never been in such a situation before."
Amodei pointed out that there were concerns about the risks and misuse of AI in 2023 and 2024, and that political winds shifted towards AI opportunities in 2025 but are now reversing again.
Competition
Regarding competitive pressures, Amodei noted that one of the good early decisions Anthropic made was to focus on becoming a company oriented toward enterprises rather than consumers...
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