FMP
Market Update: AI Growth, Tech Earnings, Retail Trends, and Global Fund Flows Drive 2025 Outlook
Feb 23, 2025 10:38 AM - Parth Sanghvi
Image credit: Yorgos Ntrahas
Global markets continue to evolve amid strong themes in artificial intelligence, robust technology earnings, shifting retail consumer sentiment, and dynamic global fund flows. In this update, we summarize key developments across multiple sectors that are expected to shape market trends heading into 2025.
1. Nvidia Earnings Outlook and Supply Chain Optimism
Analysts remain optimistic about Nvidia (NASDAQ:NVDA) ahead of its fiscal fourth-quarter earnings. Despite recent supply chain concerns and a slower-than-expected ramp of its Blackwell platform (especially the GB200 shipments), Jefferies has downplayed these fears. The firm expects a strong performance driven by an accelerated ramp of B200 GPU sales and anticipates that product developments and upcoming announcements at the GTC conference will help drive further revenue beats.
“We see continued momentum into earnings and GTC and believe the supply chain fears are overblown,” noted Jefferies analyst Blayne Curtis.
Key Projections:
- Q4 Fiscal 2025 revenue projected at $40 billion (above the consensus of ~$38.2 billion).
- Q1 Fiscal 2026 revenue is expected to reach $42.2 billion.
For real-time earnings data and valuation metrics, use our:
2. Dell, Marvell, and Memory Stocks - Navigating AI Server Risks
Bank of America has recently cut its price target for Dell Technologies (NYSE:DELL) to $150 from $155 amid near-term risks in its AI server segment. Concerns over Blackwell delays and AI server revenue volatility have contributed to this adjustment, although BofA maintains a long-term Buy rating.
In contrast, BofA has urged investors to buy Marvell Technology (NASDAQ:MRVL) based on its expanding share in the AI market, particularly through its partnerships with Amazon, Google, and Microsoft. Additionally, Mizuho's TMT specialist sees an opportunity in memory stocks, notably Micron (NASDAQ:MU) and Western Digital (NASDAQ:WDC), due to improving supply-demand dynamics and anticipated pricing recoveries in NAND and DRAM.
Useful APIs:
3. Bullish Outlook for AI Stocks
UBS remains bullish on global AI stocks, forecasting mid-teen returns in 2025 as AI adoption accelerates and investment commitments increase. With AI already transforming sectors from cloud computing to semiconductors, UBS projects that AI spending worldwide could approach $500 billion by 2026, driving substantial revenue growth for companies that integrate both low-cost and high-end AI models.
This continued momentum underscores the belief that “AI is the tech theme of the decade.”
4. Tesla's Long-Term Growth Amid Short-Term Headwinds
Despite ongoing pressure on Tesla (NASDAQ:TSLA) stock in 2025—driven partly by concerns over Elon Musk's focus on Dogecoin and his political activities—Wedbush analysts remain bullish, maintaining an Outperform rating with a $550 price target. They emphasize that Tesla's strides in autonomous driving, robotics, and the upcoming mass-market vehicle launch in 1H25 will help offset near-term volatility. Additionally, the upcoming unsupervised FSD launch in Austin is seen as pivotal for its autonomous strategy.
For real-time tracking of Tesla's performance, refer to our:
5. Walmart's Cautious Sales Outlook
Walmart (NYSE:WMT) has provided a 2026 sales outlook below analyst forecasts, reflecting concerns over fading consumer optimism amid inflation and potential tariff impacts. The retailer now expects annual net sales growth in the range of 3% to 4% (versus consensus of 4%), which contributed to a more than 6% drop in its stock on Thursday.
Despite these headwinds, Walmart's Q1 performance showed resilience—U.S. comparable sales (ex-fuel) expanded by 4.9% and adjusted EPS slightly exceeded expectations at $0.66.
For further retail sector insights, use our:
6. Global Fund Flows and Market Sentiment
Global equity and bond funds recorded significant inflows last week:
- Equity Funds: $16.8 billion
- Bond Funds: $16.2 billion
- Money Market Funds: $3.3 billion
- Gold Funds: $2.2 billion
- Crypto Funds: $200 million in outflows
Notably, European equity funds saw their largest inflow since before the Ukraine war, with $4.0 billion invested. U.S. equity funds also resumed inflows at $12.1 billion, while emerging markets experienced continued outflows.
Stay informed on fund flows with our:
7. Goldman Sachs Raises Gold Price Forecast
Goldman Sachs has revised its gold price forecast to $3,100 per troy ounce by the end of 2025, up from $2,890. This upward revision is driven by robust central bank demand—especially from China, which added 45 tonnes of gold in December—as well as expectations of increased ETF inflows and potential Fed rate cuts.
For live commodity data, explore our:
8. Geopolitical and Macro Perspectives
Efforts to broker a peace deal in the Ukraine conflict continue to face significant challenges, with both Russian and Ukrainian leaders holding firm on their respective positions. While any breakthrough could impact global energy prices and market sentiment, the prospect of a resolution remains distant.
Investors are advised to monitor geopolitical developments alongside macroeconomic indicators—particularly those affecting energy and forex markets.
Track currency fluctuations using our:
Conclusion
The market landscape in 2025 is being shaped by a convergence of technological innovation, evolving investor sentiment, and geopolitical uncertainty. From robust earnings in tech and AI sectors to cautious retail outlooks and strong global fund inflows, investors must stay agile and informed. Use our real-time data APIs to monitor these trends and adjust your investment strategies accordingly.
Stay updated with the latest market insights and data-driven tools from Financial Modeling Prep.
Other Blogs
Feb 23, 2025 5:37 AM - Parth Sanghvi
Societe Generale’s Bullish Outlook on China Equities: Outperforming Government Bonds
Societe Generale has maintained a positive view on China equities, highlighting their potential to outperform government bonds and other emerging market stocks. Despite mixed performance across emerging markets since February 2024, China’s stock market has shown significant growth, driven by a stabl...
Feb 23, 2025 5:39 AM - Parth Sanghvi
U.S. Stocks Weekly Recap: Key Movers and Market Trends
U.S. stocks declined this week as investors navigated sluggish business activity data, weaker consumer sentiment, and geopolitical uncertainties. Fresh tariff threats from former U.S. President Donald Trump further weighed on sentiment, while a steady flow of corporate earnings reports continued to ...
