⚡ MARKET RECAP → Stocks slumped on Thursday as Nvidia’s (NVDA) earnings beat analyst estimates but failed to excite investors.

🟢 NVIDIA DELIVERS, BUT THE BAR MOVES HIGHER → Nvidia (NVDA) crushed Q4 with explosive data center growth and bullish guidance, reinforcing its dominance in the AI buildout — but at today’s valuation, the company has to keep exceeding sky-high expectations to keep the rally intact.

🧾 TRUMP ACCOUNTS COME WITH TAX STRINGS → Trump Accounts offer $1,000 seed money and federally tax-deferred growth for children born 2025–2028, but uneven state tax treatment could chip away at long-term compounding — turning a simple savings pitch into a geography-dependent strategy play.

Was this email forwarded to you? Sign up for free here.

For the week beginning February 23, 2026

🚀 Nvidia (NVDA) posted another monster quarter — and the stock still had to earn it. Fiscal Q4 revenue surged roughly 265% year over year to about $22.1 billion, with data center sales again doing the heavy lifting as hyperscalers and AI startups race to secure GPUs. Earnings crushed estimates, and guidance pointed to yet another sequential step-up next quarter.

🧠 AI demand is real — but so is saturation risk. CEO Jensen Huang highlighted insatiable appetite for AI infrastructure, with Blackwell and next-gen chips ramping into 2026. At the same time, investors are watching for signs that hyperscaler capex could eventually normalize, especially as custom silicon efforts from companies like Microsoft (MSFT) and Amazon (AMZN) mature.

📊 Valuation meets execution. Nvidia’s fundamentals remain historically strong, but at a market cap north of $2 trillion, perfection is assumed. The story is no longer “Is AI real?” — it’s “How long does hypergrowth last?” If orders hold and margins stay elevated, Nvidia remains the AI cycle’s gravitational center. If growth even slightly decelerates, volatility will be swift.

🧾 Trump’s new “Trump Accounts” are officially rolling out — but the tax math isn’t as simple as advertised. The accounts, created under the 2025 tax law, seed eligible newborns with $1,000 and allow up to $5,000 per year in additional contributions that grow tax-deferred federally. They’re pitched as long-term wealth builders for children, eventually converting into IRA-style retirement accounts at age 18.

🏛️ The catch: state tax treatment may vary widely. While the federal government allows tax-deferred growth, several states are expected to treat earnings differently — potentially taxing gains annually instead of deferring them. That means families in certain states could face unexpected tax friction that reduces compounding power over time.

📊 Policy headline vs. portfolio reality. The concept mirrors 529 plans and Roth structures, but without uniform state conformity, the benefit depends heavily on where you live. For investors and families, the program is a long-duration bet on tax policy stability — and a reminder that “tax-advantaged” doesn’t always mean universally tax-free.

Restaurant reservation wars heat up as DoorDash enters the arena with Resy, OpenTable (CNBC)

Trump pitches new retirement plan with a federal match of up to $1,000 per year — who could benefit (CNBC)

David Ellison has a rocky history at the box office. Buying Warner Bros. could fix that (CNBC)

_{^{Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Funded managed investing accounts are subject to a monthly account fee of $1 (for accounts valued up to $5,000), $3 (for accounts valued over $5,000, and up to $25,000), or $5 (for accounts valued over $25,000).}}

<sub><sup>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sup></sub>