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Now time for some of today's trending tickers. We're watching Nvidia, Super Micro Computer and Uber. First off, let's talk in video. CEO Jensen Huang says that the market for AI chips in China could reach $50 billion in the next couple of years here. Speaking at the Milken Institute conference this week, Huang spoke on why it's important not to restrict the flow of AI chips to countries like China, saying it would help bring back tax dollars to the US and create jobs. Shares of Nvidia here during today's session. You're seeing those up by about 1/10th of a percent, so some fractional gains here. Uh his exact words were ultimately China, well, the Chinese market in a couple years is probably about 50 billion dollars. The market we've left behind, utterly gigantic and compared it to the likes of Boeing. Um, Boeing, I think last I checked their market valuation somewhere around 140 billion dollars. But you get the picture.

Yeah. Yeah, no, definitely. And it's interesting actually to see Nvidia just above the flat line, especially given that we're up on the day thus far. kind of curious to see why it's not more of a lift, especially off the back of those earnings from AMD, which did indicate. Yeah. Well, it was a bit of a wild ride for AMD, which we're going to talk about, but they did indicate continued strength in demand, which would be a positive catalyst for the likes of Nvidia having said that, of course, AMD did warn of tariff concerns. So that of course is also a concern for the likes of Nvidia. And you could see that playing out in the price action here. Those shares at $113 right now. Next up, Super Micro Computer cutting its full-year outlook citing economic uncertainty and none other than tariffs delaying at customer orders. The server maker reporting fiscal third quarter results that came in below analyst expectations, but we're in line with preliminary results released by the company last week. Super Micro also issuing disappointing guidance for its current fourth quarter. You can see those shares down 6%, which is really interesting because of what I just said. They gave the audience a preview of the show. They said last week. This is going to be a tough one, guys. And yet it wasn't necessarily priced in, at least to the degree of weakness that they did signal when cutting this full-year outlook here.

Yeah. And kind of mixed reception from what we're seeing, at least in some of the analysts that cover this name as well. Uh, you've got some initiation of coverage from Needham. They resumed their coverage, I should say, positive outlook by rating price target, $39. Elsewhere on the street, you've got a lowering of the price target from Rosenblatt and their price target has been adjusted essentially to uh $50. So that's just down from $55. So there's still net bullish on it, just kind of remodeling and, you know, being sensitive with exactly what's been set forth and how the rest of the street is perceiving some of the cut to this full-year outlook as well.

Absolutely.

Also here, let's talk a little ride sharing. Uber missing first quarter revenue expectations and first quarter gross boosting booking estimates as ride share growth slows. Still revenue grew 14% year over year, taking a look at the shares right now. They are down by about 2.9%. Uh, pre-market here as we're waiting for trading to begin. Of course, the CEO Dara Kosrowshahi offering a little bit more context and color of how he's looking at uh, this quarter supported by the consistent growth, strength of their core business. Uh, they continue to build towards the future. Five new autonomous vehicle announcements just in the last week, he reminds as well. Um, also, $2 billion of quarterly free cash flow with multiple levers in their control to generate industry-leading cash flow growth. That coming from the CFO.

Yeah, it's interesting that falling shy of anticipated revenue growth seems to be the sticking point here, given that just a year ago, Uber had a loss in their quarterly report here. Their net income around $1.78 billion or 83 cents a share for the first quarter here. That is up from a net loss of $654 million a year earlier. So certainly seeing that recovery. You can see that playing out in the price action on your screen here over the course of the last year. What's interesting to me is we talk constantly about whether or not we're in an economic slowdown phase and we didn't see huge signs of that in Uber's report here and also in terms of the analyst commentary talking about how they do see strong consumer demand going forward for this name. You can scan the QR code to track the best and worst performing stocks with Yahoo Finances trending tickers page.