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It's now time for some of today's trending tickers. We're watching concerns for Nvidia GPU sales, some defensive plays and Logitech withdrawing its 2026 outlook. Let's get into it. First up, shares of Nvidia ticking higher about an hour into your trading day, up a little over 3/10 of a percent right now. City analyst cutting their Nvidia price target to $150, maintaining a buy rating. City also revising their estimates for GPU sales down by 3% for 2025 and 2026. Analysts saying the trade war could put enterprise AI projects and hyperscalar CAPEX at risk. Joining me to discuss for a moment, Brian Sozzi is still here with us. And Brian, I think what's interesting at least when I talked to my sources of the likes of Amazon, for example, they have said there has been no downturn in demand for AI, for chips. And it's interesting to hear this call coming out for, uh, Nvidia on the back of that.

Why this call sticks with me, Madison, is because it is really the first estimate cuts or downgrade I have seen on Nvidia really, at all, even since its last earnings report, because the company was heavily, heavily defended after its earnings report. So, uh, it's an immediate flag for me. Has me thinking is demand starting to slow down in video. Uh, also, keep in mind, go to the ticker page on Yahoo Finance for Nvidia, click on analysis, you can see the street remains very, very bullish. So if this is the first sign to come, you theoretically could see, uh, a leg down, another leg down in Nvidia as the street cuts estimates and potentially cuts its rating. So, uh, I give this analyst a credit. Uh, he's the first, but he may not be the last.

He certainly may not. But let's talk about some other calls this morning. Jefferies out this morning with some of their top plays for tariff uncertainty with what they say is a balance of risk and safety for the unsteady market. The note includes a range of consumer-facing names ranging from Uber to Exxon and McDonald's. And Sozzi, I know you had an interesting response to some of these calls.

Yeah. Yeah. I don't really agree with most of them. Uh, yeah, there we go. Uh, I don't agree that Uber is a recession-resistant play. I just don't see it. Now, they are bullish on Netflix. I get it. I don't think the economy is going to come to a point where we're cutting our Netflix subscriptions. One I do agree with, I agree with McDonald's as consumers trade down. Uh, McDonald's historically during recessions does pretty well financially, uh, and I believe stock price too, uh, as well. But again, I think this note, I appreciate what Jefferies is trying to do here. Uh, I look at Exxon. I mean, oil prices have plunged. Not sure how Exxon is going to do amazing things come earning season with oil prices off the highs. So, uh, I'm poking a couple, couple pins in this one.

Yeah. Price of oil per barrel right now doesn't even cover the cost of production. So an interesting call as the.

That's a stocks in translation right there. Buddy, I mean.

There you go. We'll pitch it for next week. We'll see. We'll see. All right, finally, Logitech withdrawing its fiscal year 2026 outlook due to uncertainty. That's a sentence you're going to be hearing a lot from us this quarter. Logitech reaffirming its outlook for fiscal year 2025, which did end on March 31st. The company, which produces computer accessories and software, just the latest to withdraw its forward guidance following Delta Airlines and also Walmart. Sozzi, two, we're going to keep playing.

You want to go old? I remember Madison, I remember the first camera that I had was like this circular ball from Logitech. It went on like my compact Presario. I mean, this thing was awesome. But why this bothers me from Logitech is because 40% of their production comes from one plant out in China. They have exposure to Vietnam, but I think this is the first sign of weakness in the computer, uh, not only the component parts, but also computer makers. It's an HP, uh, it's a Dell. Uh, so, uh, there's more than me. This is not just a Logitech thing. All these companies rely on China, Vietnam, Malaysia for parts. So if Logitech is warning, best believe you could see pressure on these other companies.

And also, for our audience, you can scan the QR code here to track the best and worst performing stocks of the session with Yahoo Finances trending tickers page.