Day: February 26, 2025
Tesla CEO Elon Musk participated in President Donald Trump’s first Cabinet meeting on Wednesday to talk about U.S. spending, taking aim at the national debt specifically.
USAID’s initiatives to fight Ebola and other diseases have been gutted, current and former agency officials said.
The Trump administration says it is eliminating more than 90% of the U.S. Agency for International Development’s foreign aid contracts and $60 billion in overall U.S. assistance around the world.
The White House released a new memo directing nearly all federal agencies to prepare for restructuring and mass layoffs.
Director of National Intelligence Tulsi Gabbard described the energetic feeling in the room during President Donald Trump’s first Cabinet meeting.
Welcome to The Hill’s Technology newsletter{beacon} Technology Technology The Big Story Musk emphasizes DOGE work modernizing fed computers Elon Musk dominated President Trump…
Nvidia (NVDA) reported quarterly results with earnings and revenue figures beating estimates. Morningstar equity strategist Brian Colello joins Yahoo Finance’s special coverage of Nvidia’s earnings report to discuss the chipmaker stock’s valuation following the print. The strategist has a fair value estimate for Nvidia stock at $130, around where the stock is trading at the time of the earnings release. Colello explains, “There’s upside in the short term based on the high [capital expenditure] CapEx spending of the hyperscalers and Nvidia’s supply constrained and selling everything they can for 2025.” Concerning the risk to Nvidia, Colello notes, “At what point do the hyperscalers optimize spending? If you think medium to long term, what’s the growth trajectory look like?” He adds, “The hyperscalers … are completely reliant on Nvidia today, and they have all the incentive in the world to not be reliant on them in the future. We’ll see when that crosses over.” Watch Yahoo Finance’s full Nvidia earnings special here or catch the replay on streaming platforms at 8 p.m. This post was written by Naomi Buchanan.
