Episode summary
Daybreak Weekend: Nvidia Earnings, UK Special Election, Modi Israel Visit | Bloomberg Daybreak:...
Bloomberg Daybreak: US Edition
· · Hosts: Nathan Hager
Summary
The episode centers on three big storylines for the week ahead: Nvidia’s earnings, a UK special election in Gorton and Denton, and Indian Prime Minister Narendra Modi’s visit to Israel. On Nvidia, the guest said expectations are still very high, with investors looking for another mid-single-digit beat and raise, stronger capex from hyperscalers, clearer evidence that Blackwell and Rubin demand is running above earlier targets, and any sign that H200 shipments to China can resume. The guest argued that stronger results would not end debate over AI spending excesses, but could keep those concerns alive.
The week also brings a cluster of earnings from Home Depot, HP, and Dell. The host and a guest said Home Depot appears to be bracing for a difficult quarter amid cost cuts and housing weakness, HP faces pressure on margins and PC demand, and Dell is trying to balance AI server momentum against a rough start to 2026.
In the UK, the by-election is being framed as a test of Labour’s grip on a long-held seat, with Reform UK and the Greens both trying to capitalize on anger over cost of living, neglect, and political distrust. In Asia, the discussion on Modi’s Israel trip focused on trade, defense cooperation, and a push toward a free trade agreement, while avoiding the most sensitive geopolitical issues.
Key takeaways
- The guest said Nvidia investors expect at least a mid-single-digit beat and raise, plus stronger guidance on Blackwell, Rubin, and China shipments.
- The guest said resuming H200 shipments to China could add roughly $7 billion to $13 billion of upside for Nvidia.
- The host and a guest said Home Depot is likely headed into a challenging quarter because of housing weakness and aggressive cost cutting.
- The host said HP faces margin pressure in PCs and uncertain pricing power even after an AI-related boost.
- The UK by-election could be a warning sign for Labour if it loses a seat it won with 50.8% of the vote in 2024.
- Modi’s Israel visit is expected to focus on trade and defense, including momentum toward a free trade agreement.
Notable quotes
“The last of the Magnificent 7 reports its end ofear results after the close of trading on Wednesday”
“the expectations will run high. Uh, you know, folks are expecting uh the usual or if not better than the mids singledigit beat and race”
“we expect uh them to give uh indications that it is going to run higher than that”
“The last of the Magnificent 7 reports its end ofear results after the close of trading on Wednesday”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. This is Bloomberg Daybreak Weekend, our global look at the top stories in the coming week from our Daybreak anchors all around the world. Straight ahead on the program, we look ahead to the last of the Mag 7 earnings with chip giant Nvidia reporting. I'm Nathan Hager in Washington. I'm Caroline Hepu in London where we're delving into the special election that could redefine the UK's political future.
I'm Doug Krer looking ahead to Indian Prime Minister Narendra Mod's visit to Israel in the coming week. That's all straight ahead on Bloomberg Daybreak Weekend on Bloomberg 1130 New York, Bloomberg 991 Washington DC, Bloomberg 929 Boston, DAB Digital Radio London, SiriusXM121, and around the world on Bloombergradio.com and the Bloomberg Business App. Good day to you.
I'm Nathan Hager. We begin today's program with earnings from AI chip giant Nvidia. The last of the Magnificent 7 reports its end ofear results after the close of trading on Wednesday.
For more, we're joined by Kun John Sabhani, senior semiconductor analyst for Bloomberg Intelligence. Great to have you with us on the program. Uh Kun John, of course, Nvidia has been at the center of the AI spending story for so long.
So, where do you see the bar when it comes to Nvidia's results this time around? Yeah, as usual, the expectations will run high. Uh, you know, folks are expecting uh the usual or if not better than the mids singledigit beat and race that we have gotten used to with them.
Uh, which I think is quite possible given multiple drivers that have gotten better uh since their last quarterly earnings. Um, you know, we have heard from the largest customers of Nvidia and most of them have increased their capex projections significantly.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- nvidia earnings
- chip stocks
- uk special election
- india israel visit
- stock picks for the week
Companies and tickers mentioned
- NVDA
- Nvidia
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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