BUSINESS

President Donald Trump has repeatedly said to expect more casualties.

A New York Times analysis found the U.S. strikes against Iran are less popular than the nine other major U.S. military interventions dating back to World War II.

A new plan from live TV service Philo TV offers 70+ live channels, AMC+ and ad-supported versions of Discovery+ and HBO Max for $33 a month.

The new monitoring platform aims to detect suspicious trading as prediction markets face scrutiny over insider information.

Software stocks have bounced off their lows, and a D.A. Davidson analyst recommends focusing on those with compelling growth rates.

Stablecoins are decoupling from crypto market cycles as they are increasingly used for digital payments, Bernstein analysts said, which bodes well for USDC issuer Circle.

The stock market isn’t reflecting it, but analog-semiconductor stocks are prime “defensive” beneficiaries, according to an analyst.

With Nvidia’s (NVDA) annual GPU Technology Conference (GTC) just days away, Wells Fargo is sending a clear message to investors: Do not wait.Analyst Aaron Rakers, who ranks in the top 1% of Wall Street analysts by performance, reiterated his overweight rating on Nvidia shares this week and maintained his $265 target. With the stock trading around $178, that implies roughly 49% upside from current levels. His message to investors was direct: “We’re NVDA buyers ahead of the event.”GTC 2026 runs March 16 through 19 in San Jose. It is not just a product showcase. Historically, it has been a reliable stock catalyst. Nvidia has outperformed the Philadelphia Semiconductor Index by about 30% in the three months following GTC, according to Rakers, with individual-year gains ranging from roughly 12% to 45%.What Rakers is watching at GTCThe Wells Fargo analyst has a specific list of catalysts he expects could move the stock during and after the conference.At the top is a pipeline update. Nvidia’s committed AI infrastructure pipeline has already surpassed $500 billion, with visibility stretching into 2027. More Nvidia:Nvidia stock gets major reality check on ‘$100B’ numberNvidia CEO delivers blunt 7-word rebuttal on software stocksBank of America resets Nvidia price target after earningsRakers estimates the company has recognized roughly $240 billion to $250 billion of that opportunity since Blackwell began shipping in late 2024. An update pushing the pipeline figure to $600 billion or more would be a meaningful positive signal for investors.He is also watching for details on Kyber, Nvidia’s next-generation high-density rack architecture, and how early lessons from the GB200 NVL72 rollout are shaping the platform’s development. Updates on Rubin CPX, the GPU built for long-context AI inference expected to launch in late 2026, will also be closely followed.Key GTC catalysts Rakers is trackingPipeline update: A revision above $600 billion in committed AI infrastructure, which would signal accelerating demand visibility into 2027Kyber architecture: Details on Nvidia’s next high-density rack design and GB200 NVL72 learningsRubin CPX: Architecture specifics and positioning for long-context AI inference workloadsGroq integration: Whether Nvidia’s Groq IP agreement leads to standalone inference chips or folds into future GPU roadmapsCustom silicon: Any announcements around dedicated chips for hyperscalers such as OpenAI, following Wall Street Journal reporting on an inference chip in developmentThe $600 billion capex wall behind the thesisRakers’ bullish stance is not built on conference speculation alone. It rests on one of the largest capital spending waves in corporate history.The five largest hyperscalers — Amazon, Microsoft, Alphabet, Meta and Oracle — are on track to spend over $600 billion on infrastructure in 2026, a 36% jump from 2025, according to CreditSights estimates. Roughly 75% of that, about $450 billion, goes directly to AI infrastructure. GPUs sit at the center of nearly all of it.Every major hyperscaler has doubled down publicly. Amazon committed to $200 billion in capex for 2026. Microsoft, Alphabet, and Meta have all signaled budgets well above their 2025 totals, with Alphabet alone guiding $175 to $185 billion.Goldman Sachs had projected hyperscaler capex could exceed $500 billion, Investing.com noted. They were too conservative. For two straight years, Wall Street’s capex estimates came in too low, with actual spending exceeding consensus by more than 50% each time.Nvidia captures roughly 90% of AI accelerator spending, according to industry estimates. That concentration means the capex wave flows almost directly to Nvidia’s revenue line.

Analyst Aaron Rakers models Nvidia generating $209 billion in revenue for fiscal year 2026.Joan Cros/NurPhoto via Getty Images

What the Nvidia numbers look like from hereWhen Wells Fargo raised its price target to $265 from $220 in November 2025, Rakers revised his revenue forecasts significantly higher. He now models Nvidia generating $209 billion in revenue for fiscal year 2026, rising to $302 billion in FY27 and $383 billion in FY28. His earnings per share estimates follow a similar trajectory: $4.61 for FY26, $7.05 for FY27 and $8.90 for FY28.The $265 target is anchored to roughly 30 times calendar year 2027 earnings, which Rakers argues is justified given Nvidia’s sustained 50%-plus growth trajectory and competitive position.Rakers is far from alone on Wall Street. According to TipRanks data, 38 other analysts currently rate Nvidia a buy, with one hold and one sell. The average consensus price target sits at $271.89, implying the broader analyst community sees even more upside than Rakers’ $265 figure. The overall rating is a strong buy.What could go wrong for NVDA stockThe bull case is not without risks. New U.S. chip export restrictions are reportedly under consideration, per a TechCrunch report this week. If tighter controls limit Nvidia’s ability to sell into non-allied markets, near-term revenue estimates would need to come down.There is also the broader question of whether the AI capex cycle sustains. Spending $600 billion annually on infrastructure while generating roughly $25 billion in direct AI services revenue is a gap that eventually has to close. If enterprise monetization does not materialize at the pace hyperscalers are assuming, the cycle could slow faster than consensus expects.For now, though, Rakers and the majority of Wall Street are betting the opposite. The spending commitments are locked in, the Blackwell production ramp is running ahead of schedule, and GTC arrives in eight days with a product roadmap that could extend Nvidia’s lead further. That combination, in Rakers’ view, makes the current price a buying opportunity rather than a risk.Related: UBS makes bold new call on Nvidia stock

Campbell’s, the 150-year-old packaged food company known for its iconic canned soups, is cutting jobs at a Texas manufacturing facility as it restructures operations, amid growing pressure across the retail sector.In a recent Worker Adjustment and Retraining Notification (WARN) filed with the state of Texas, Campbell’s noted that it plans to lay off205 employees at its soup processing plant in Paris, Texas.The job cuts come as the company transitions the facility into a flagship sauce production site focused on Prego Italian sauces and Pace salsa, two of Campbell’s major brands.As part of the shift, which Campbell’s first announced in July 2024, the soup supply company will conduct a mass layoff affecting more than one-third of its employees at the Paris plant. The sauce facility requires a smaller workforce, and the resizing will thus result in the removal of 205 of the 568 existing employees. The layoffs are scheduled to occur in phases, beginning May 1, 2026, when soup production at the Paris facility will stop, and continue through mid-August.According to the WARN filing, nearly 500 employees at the Paris facility are represented by United Food and Commercial Workers Local 540.Of this, Campbell’s expects 194 union positions to be eliminated, although 18 workers may be able to move into other open roles at the facility. Additionally, workers who remain with the company through their release dates may qualify for severance or separation benefits. Retail pressure weighs on Campbell’sThe restructuring comes as Campbell’s faces mounting pressure in the consumer goods sector. The company reported a 3% decline in net sales to $2.7 billion in its Q1 2026 earnings. Its adjusted Earnings Per Share (EPS) also decreased 13% to $0.77.More Layoffs:Walgreens widens job cuts amid store closuresUPS clears major legal hurdle amid job cutsLayoffs in January reach recession-era levelsSimultaneously, it entered into an agreement to acquire a 49% stake in La Regina, producer of Rao’s tomato-based pasta sauces, solidifying its longstanding partnership with La Regina.Adjusted gross profit margin decreased to 29.6% from its earlier 31.3%; the company cited tariff impacts and supply chain costs as major drivers. Campbell’s intends to use its $160 million in savings, part of its longer-term plan to save up to $375 million by 2028, helping offset tariff headwinds.The company is set to report its Q2 2026 earnings on Wednesday, March 11. Ahead of the report, the company’s stock fell to $24.94 on Tuesday, March 10, its lowest in 52 weeks, and is down 40% year over year.

Campbell’s stock is down 10% year to date.Shutterstock

Campbell’s, broader retail industry face headwinds The challenges facing Campbell’s reflect broader shifts in the retail and consumer products sector.According to Deloitte’s retail outlook, inflation, tariffs, and economic uncertainty are expected to weigh on consumer purchasing in 2026, making shoppers more price-sensitive and focused on discounts and value.Based on the research, executives anticipate higher costs in 2026 due to changes in global trade policies, but remain optimistic that an increase in the free shipping threshold and shifting the product mix to higher-margin or value-added items can help offset some costs. They also anticipate shifting capital allocation towards more profitable ventures, adjusting investment priorities.Analysts cautious ahead of Campbell’s earningsWall Street has grown increasingly cautious on Campbell’s ahead of its upcoming earnings report, citing slowing sales trends and continued pressure in the snack category.Piper Sandler recently lowered its price target to $28 from $34, while maintaining a neutral rating on the shares, noting continued pressure on retail volumes that create a tough working environment for Campbell’s. This may mean the soup supplier has to make price adjustments like its peers or increase brand spending to support demand.Morgan Stanley analyst Megan Alexander Clapp also lowered the price to $27 from $28, keeping an equal weight rating, expecting organic sales growth below consensus but EPS in line. With the improvement in the snack business unclear, the firm expects Campbell’s to temper its second-half outlook.UBSalso lowered its price target from $26 to $24, keeping a sell rating. The firm noted that Campbell’s has already lowered estimates below the Street consensus, reflecting weak snack trends, competitive pressure, and cautious sentiment around top-line growth.Along with this restructuring, Campbell’s is also reshaping its supply chain leadership. The company recently appointed Cassandra Green as its new chief supply chain officer. Reporting directly to the president and CEO, Green will manage customer logistics, procurement, manufacturing operations, planning and operations, and supply chain category leadership.Related: Kroger CEO pledges key changes to boost customer loyalty

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealWhen revamping your wardrobe for spring, selecting the embellishments for your Easter Sunday attire, or adding a new go-to accessory to your collection, you can never go wrong with classic jewelry styles. You shouldn’t settle for just any adornment, though. With the right bauble selection, you can elevate your everyday outfits, whether you’re dressed casually in joggers while running errands or classy in a little black dress on date night. There are few gems as timeless as the pearl, and right now, Walmart has a limited-time Flash deal that saves you a massive 84% off the cost of a top-rated pair of pearl earrings. Normally retailing for $115, the Cate & Chloe Daphne Gold-Plated Shell Pearl Earrings are just $18. These exceptional savings include all three 18-karat gold plating options, with your choice of yellow gold, rose gold, or white gold (pictured below). You can feel extra confident in this purchase because Cate and Chloe back the quality of its jewelry with a 30-day warranty. Cate & Chloe Daphne Gold-Plated Shell Pearl Earrings, $18 (was $115) at Walmart

Courtesy of Walmart

Why do shoppers love it?For a sophisticated final touch, these luxe shell pearl earrings won’t disappoint. They’re constructed with a durable brass frame upgraded with dazzling 18-karat gold plating. Each earring is further elevated with a row of 10 genuine Swarovski crystals that shimmer in the light. “Love the sparkle! They’re just so pretty,” raved one shopper who called the earrings “so demure and elegant.” The same reviewer also reported, “They really are comfortable in the ear and go with everything.”Hundreds of other shoppers also have great things to say about these gorgeous earrings. Given the jewelry’s top-notch craftsmanship and premium materials, it’s easy to see why these are so popular. For those unfamiliar with shell pearls, they are not naturally made pearls from a clam, but a high-quality imitation that is incredibly durable. Shell pearls are made from the iridescent lining of oyster shells, so they have that lustrous Mother of Pearl finish that beautifully catches the light, which might be even more preferable to the real deal. Additionally, shell pearls will retain their color and shine even after being exposed to sweat and perfume.Related: Kate Spade Outlet’s bestselling crossbody bag with 500+ perfect ratings is on sale for only $79Those with sensitive skin can wear these earrings without irritation. The hypoallergenic earrings are lightweight and free from nickel and lead. “Excellent quality,” one shopper called the earrings. They also wrote, “I am usually allergic to fashion jewelry, but this piece didn’t causeany allergies.”Details to know Closure: Latch back.Materials: Shell pearls, Swarovski crystals, brass, and 18-karat gold plating.Are the earrings hypoallergenic?: Yes.As spring and summer weddings approach, these pearl earrings would also be a fabulous and budget-friendly bridesmaid’s gift. The earrings come prepackaged in a luxury gift box, so you won’t even need to wrap the present. Shop more dealsCate & Chloe Olivia Rose Gold Tennis Bracelet, $30 (was $125) at WalmartCate & Chloe Genevieve Pearl Necklace, $20 (was $119) at WalmartCate & Chloe Ann Shell Pearl Drop Earrings, $19 (was $119) at WalmartAdd the Cate & Chloe Daphne Gold-Plated Shell Pearl Earrings to your shopping cart while they’re still on sale for just $18 at Walmart. We’ve found that Flash deals on Cate and Chloe jewelry tend to sell out in select colors, so don’t wait to score these savings.