Morgans Financial Limited

Morgans AM - Wednesday, 18 March 2026


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• US equity markets advanced for a second straight session, shrugging off fresh gains in oil prices – Dow edged +47-points or +0.10% higher, with International Business Machines (IBM) Corp (up +2.75%) the leading component in the 30-stock index. Amazon.com Inc rose +1.63% after Reuters reported that Chief Executive Officer (CEO) Adam Jassy said in an internal meeting that he projects artificial intelligence (AI) will help Amazon Web Services (AWS) double its previously forecasted sales estimates to US$600M over the next 10-years. Nvidia Corp fell -0.7% as the GPU Technology Conference entered its second day, with the semiconductor chipmaker announcing a slew of robotaxi collaborations including an expanded partnership with Uber Technologies Inc (+4.19%). Separately, CEO Jensen Huang said Nvidia is gearing up to provide some customers in China with its H200 processors. “We have received purchase orders, and we’re in the process of restarting our manufacturing,” Mr Huang told reporters at the company’s GTC conference in San Jose, California. “That’s new news for all of you, and it’s different than it was two weeks ago or three weeks ago, but that’s our condition today, and and our supply chain is getting fired up.” China once accounted for at least one-fifth of Nvidia’s data center revenue, but the company has been shut out of the country since being told by the Trump administration in April that it would require a license to export chips there and to a handful of other countries.
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