Stock Movers Macy's Issues 'Prudent' 2026 Guidance; Nvidia Firing Up Production for China; Alibaba Shares Rise
Mar 18, 2026
Coverage of Macy’s cautious 2026 guidance amid geopolitical and tariff worries. Nvidia ramping up H200 AI accelerator production for China after licensing progress. Alibaba reorganizing AI services and raising AI computing prices to boost near-term profits and margins.
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Macy's Prudently Lowers 2026 Expectations
- Macy's issued a 'prudent' 2026 guidance as a hedge against Iran war and tariffs risks affecting US consumers.
- The company forecast adjusted EPS $1.90–$2.10 and comparable sales up to 0.5% despite Q4 EPS beating $1.67 vs $1.54 consensus.
Nvidia Reenters China With H200 Shipments
- Nvidia is restarting shipments of H200 AI accelerators to China after receiving U.S. licenses for many customers.
- Jensen Huang said the company is 'firing up' manufacturing, and Reuters reported China also approved sales, reopening a market assumed closed in prior forecasts.
China Cloud Players Hike AI Compute Prices
- Alibaba and Baidu are raising prices for AI computing, with Alibaba up to 34% and Baidu up to 30%.
- Alibaba is consolidating AI services into a single business unit to monetize AI and ease margin concerns, helping ADRs jump about 3% pre-market.