PickAlpha Evening Insights | 2025-12-12
• Stocks tracked sector news as Nvidia's China demand and export policy dominated headlines. • After hours contained no major earnings or policy headlines in today's feed.
Market Wrap
Market Recap — U.S. equity attention clustered on AI hardware policy and corporate capital returns. Reuters coverage that Nvidia is weighing higher H200 output for China after a tariff-linked export decision set the tone for semis. Multiple corporate filings highlighted buybacks and dividends from CCC, Yum China, Old Republic and Philip Morris, while Arcus halted a Phase 3 oncology trial for futility. Wealthfront’s Nasdaq debut valuation and several credit/debt notices rounded out activity.
Intraday — Reuters reported Nvidia considering ramping H200 production amid robust China demand after an export allowance with a 25% tariff and H200 performance touted ~6x faster than H20, driving chip-sector focus; filings showed CCC authorized a new $500m buyback, Yum China expanded repurchase authority by $1.0bn plus ~$460m in repurchase agreements for 1H 2026, Old Republic declared a $2.50 special cash dividend payable Jan. 14, 2026, Philip Morris set a $1.47 quarterly dividend, Wells Fargo gave notice of redemption for junior subordinated debentures with an optional prepayment date Jan. 15, 2026, Arcus discontinued its Phase 3 STAR-221 trial for futility, Bausch disclosed an anticipated Bausch + Lomb credit refinancing in 1Q 2026, Wealthfront debuted on Nasdaq at roughly $2.63bn per Reuters, and Perma-Pipe furnished an earnings release for the quarter ended Oct. 31, 2025 (figures not extracted).
After Hours — The feed contained no material after-hours earnings prints or policy/court headlines.