TMTB: NVDA Jensen roundup; AMD/MRVL?SMCI neg laterals?;SMCI 2M offering; W +ve initiation at Mizuho; 3p Roundup (Cloud, ETSY, EBAY, ROKU); MDB/SNOW to sell at Redburn; ZG defended

Good morning - QQQs are dn 75bps as semis are weak to start the day. Some of the key levels in AVGO/MRVL/AMD we called out in our weekly are breaking to the dnside early, which could mean more weakness. Yields are ticking down while BTC is down another 6%. Will be an interesting day…Let’s get to it…

NVDA: Positive event with lots of technical specs, but pretty much as expected

NVDA’s event focused on technical specs of B100 and partnerships/launches with customers: Blackwell is capable of up to 4x faster training than H100, and as much as 30x faster in inference thanks to its new 2nd- gen transformer engine. But overall did not seem like any big surprises and heard from multiple investors that some of the technical stuff went over their heads and were hoping for more. Sell-side out with their usual positive recaps and a few PT raises. We get Jensen on Cramer at 10:15am then meeting with analysts at 11:30am, and hopefully we get more details on specifics/pricing of B100 (expects arou…