Last night, after the close of U.S. markets, Nvidia, the world's largest company by market capitalization, posted fourth-quarter results for its fiscal year 2026 that once again beat all forecasts. During this period, the leading supplier of chips for artificial intelligence reported revenue of 68.13 billion dollars, compared to the consensus expectation of 66.21 billion USD.

Adjusted earnings per share came in at 1.62 USD, versus 1.53 expected. In a context marked by questions over the sustainability of the artificial intelligence cycle, the American giant confirmed its leadership status and reassured investors. The stock gained 2.5% in after-hours trading.

Engie Rises

In Paris, Engie (+7.19%) dominated the CAC 40, buoyed by the upward revision of its 2026 targets announced alongside its 2025 full-year results. The group's recurring net income is now expected to reach between 4.6 and 5.2 billion EUR in 2026, up from a previous range of 4.2-4.8 billion EUR. The 2026 EBIT excluding nuclear is targeted between 8.7 and 9.7 billion EUR.

Axa (+0.22%) posted a slight gain after reporting record results for 2025. Over the period, the insurer recorded gross written premiums and other revenues of 115.52 billion EUR, up 6% compared to 2024. This growth was driven by property and casualty insurance (5%) and life and health insurance (8%). Operating profit rose 6% to 8.4 billion EUR (or 9% excluding AXA IM). The company is confident it will achieve the main financial targets of its "Unlock the Future" plan. It aims for operating profit per share growth for 2026 at the upper end of its target range: between 6 and 8%.

Bouygues climbed 2.02% thanks to solid 2025 annual results, including group share net income of 1.13 billion EUR, 80 million EUR higher than in 2024. For 2026, the diversified services group is targeting stable revenue at constant exchange rates. It also anticipates maintaining its current operating profit from activities at a historically high level, following several years of continuous improvement.

Stellantis (+0.22%) advanced as the company reported a net loss of 22.3 billion EUR in 2025, due to exceptional charges of 25.4 billion EUR linked to a change in group strategy. Last year, the Franco-Italian-American multinational automaker generated net revenue of 153.5 billion EUR, down 2% from 2024, due to unfavorable currency movements and lower net prices in the first half of 2025.

Eramet (-3.64%) posted the sharpest drop in the SBF 120. The mining group announced the suspension of its 2026 mineral sands production targets following the fire last Sunday at its Grande Côte site in Senegal.

In Europe, Puma (+6.19%) jumped in Frankfurt despite a disappointing yearly performance in 2025. The sportswear manufacturer posted a loss of 643.6 million EUR, after a profit of 280.7 million EUR a year earlier. Sales fell 13.1% to nearly 7.3 billion EUR.

On the currency market, around 10:30 am, the euro was down 0.08% at 1.1803 dollars.