Overview
- U.S. stocks started 2026 at record levels as AI leaders led gains, with the S&P 500 and Dow hitting new highs and Alphabet notching fresh all-time prices.
- Nvidia detailed its Rubin/Vera Rubin platform at CES, touted up to 10x performance gains, flagged sold‑out cloud GPUs, and showcased physical‑AI work like the Alpamayo driving stack.
- UBS and Bank of America reaffirmed Buy ratings on Nvidia, citing a path to EPS upside into 2026–2027, faster product cycles, and potential China revenue pending licenses for H200 shipments.
- Alphabet drew upgrades following favorable antitrust developments and its AI stack progress, with some commentators suggesting a path to a $5 trillion valuation this year.
- TSMC underscored structural tailwinds by accelerating advanced‑node capacity after strong 2nm results and price hikes, while experts warned data‑center builders face higher capex and depreciation risks than chip suppliers; notable rotations included Peter Thiel exiting Nvidia and buying Apple.