Last night, after US markets closed, Nvidia, the world's largest company in terms of market cap, unveiled Q4 2026 results that once again beat all forecasts. Over the period, the leading supplier of artificial-intelligence chips posted revenue of $68.13bn, versus the $66.21bn expected by the consensus.

Adjusted EPS came in at $1.62, compared with $1.53 forecast. Against a backdrop of questions about the durability of the artificial-intelligence cycle, the US giant confirmed its leadership and reassured investors. The stock was up 2.5% in after-hours trading.

Engie jumps

In Paris, Engie (+7.19%) is comfortably leading the CAC 40 after raising its targets for fiscal 2026, announced alongside the release of its 2025 results. Recurring net income group share is now expected at between €4.6bn and €5.2bn in 2026, versus €4.2bn-€4.8bn previously. 2026 EBIT excluding nuclear is expected between €8.7bn and €9.7bn.

Axa (+0.22%) is edging higher after posting record results for 2025. Over the period, the insurer reported gross written premiums and other revenues of €115.52bn, up 6% from 2024. Growth was driven by property and casualty insurance (5%) and life and health insurance (8%). Operating profit rose 6% to €8.4bn (or 9% excluding AXA IM). It is confident of achieving the main financial targets of its "Unlock the Future” plan. It is aiming for operating EPS growth for 2026 at the top end of the target range: between 6% and 8%.

Bouygues is up 2.02% thanks to solid FY 2025 results, including net income group share of €1.13bn, or €80m more than in 2024. For 2026, the diversified services group is targeting stable revenue at constant exchange rates. It also expects to keep recurring operating profit from activities at a historically high level after several years of continuous improvement.

Stellantis (+0.22%) is higher after the company posted a net loss of €22.3bn in 2025, due to exceptional charges of €25.4bn linked to a change in group strategy. Last year, the Franco-Italian-American multinational carmaker generated net revenue of €153.5bn, down 2% from 2024, due to unfavorable currency movements and lower net pricing in H1 2025.

Eramet (-3.64%) is posting the sharpest decline in the SBF 120. The mining group announced it is suspending its 2026 mineral sands production targets following the fire that broke out last Sunday at its Senegalese Grande Côte site.

Elsewhere in Europe, Puma (+6.19%) is surging in Frankfurt despite a disappointing performance in 2025. The sportswear maker posted a loss of €643.6m, after a profit of €280.7m a year earlier. Sales fell 13.1% to nearly €7.3bn.

In currency markets, at around 10:30 a.m., the euro was down 0.08% at $1.1803.