--- title: "Next week's heavy schedule: NVIDIA earnings report, Trump's State of the Union address, US-Iran game of chess, German Chancellor's visit to China" description: "Trump will deliver the State of the Union address, while \"global tariffs\" will be increased to 15%, effective February 24; German Chancellor Merz may visit China from the 24th to the 26th. AI giants N" type: "news" locale: "en" url: "https://longbridge.com/en/news/276525230.md" published_at: "2026-02-22T03:16:51.000Z" --- # Next week's heavy schedule: NVIDIA earnings report, Trump's State of the Union address, US-Iran game of chess, German Chancellor's visit to China > Trump will deliver the State of the Union address, while "global tariffs" will be increased to 15%, effective February 24; German Chancellor Merz may visit China from the 24th to the 26th. AI giants NVIDIA and Baidu will release significant financial reports; Apple's annual shareholder meeting and the release of the iOS 26.4 beta are imminent. In addition, the situation in Iran, speeches by Federal Reserve officials, China's LPR, and Hong Kong's financial budget are also worth paying attention to **February 23 - March 1 Weekly Major Financial Events Overview, all times are in Beijing time:** **** The core themes for next week are as follows: **First, on the macro level, we welcome the "Trump moment." President Trump will deliver the State of the Union address on February 24**, outlining the policy priorities for the coming year. **On the same day, the 10% global temporary import tariff signed under Section 122 of the Trade Act will officially take effect**, despite the Supreme Court ruling that the original basis for it was unconstitutional. The White House quickly activated alternative legal provisions to uphold its tariff agenda. Meanwhile, data on the U.S. January PPI and durable goods orders will be released, China's February LPR is expected to remain unchanged, and a new fiscal budget proposal for Hong Kong will also be unveiled. **Second, focus on NVIDIA's earnings report.** NVIDIA will release its earnings report after the market closes on February 25, and its performance and guidance will not only affect its own stock price but also directly influence the investment sentiment across the entire AI industry chain. Additionally, China's AI representative **Baidu** will announce its earnings report the following day. At the same time, Apple's annual shareholder meeting will be held on February 24, and the iOS 26.4 beta version is scheduled to be pushed out that week, with the market paying attention to the latest developments in its AI strategy. **Berkshire Hathaway**, Salesforce, and other well-known companies' earnings reports will also provide a more diverse industry perspective for the market. **Finally, geopolitical undercurrents are stirring.** **The situation in Iran has suddenly escalated, and Trump has revealed he is considering a "limited military strike" against Iran.** The U.S. Secretary of State will also visit Israel on February 28 to discuss the Iran nuclear issue, and geopolitical risks may significantly impact oil prices. On the other hand, Germany's new Chancellor Merz will visit China from February 24 to 26, injecting new variables into Sino-European relations and global economic cooperation. Additionally, the U.S. Congress's inquiry into the Clintons regarding the Epstein case and the adjustment of the MSCI China Index will also attract attention. * * * Today's insights exclusive New Year ritual sense, starting from a book of insights~ Buy more, save more・Incredibly cost-effective! Perfect for gifting friends and family / keeping for yourself * * * ## Economic Indicators The U.S. January PPI will be released next Friday, February 27, and durable goods orders data will be released on February 23; in China, the February LPR is expected to remain unchanged; additionally, Japan's Tokyo February CPI and the latest CPI data from the Eurozone will be released ## NVIDIA and Baidu's Major Financial Reports **AI super giant NVIDIA will release its latest financial report after the US stock market closes on February 25**, with the earnings call scheduled for 2:00 PM Pacific Time on February 25, which is 6:00 AM Beijing Time on February 26. **Baidu will announce its financial performance for the fourth quarter and the full year of fiscal year 2025 on February 26**. Baidu's management will hold an earnings call at 7:30 AM Eastern Time on February 26, which is 8:30 PM Beijing Time on February 26. **Next week, highly anticipated earnings reports will be released by Berkshire Hathaway, AI star company Coreweave, software stock Salesforce, HSBC, Home Depot, and other well-known enterprises.** In the A-share and Hong Kong stock markets, companies such as Yum China, Standard Chartered Bank, and Trip.com will release their financial reports. ## Financial Events - **US President Trump will deliver a State of the Union address** According to reports, US President Trump plans to deliver a State of the Union address to a joint session of Congress on February 24, outlining his government's policy priorities for the coming year and discussing the economic situation. At that time, the Supreme Court justices who ruled against his tariff policy will also be present. - **Trump increases new tariffs to 15%, effective February 24** According to CCTV News, after the US Supreme Court ruled on the 20th that the government's imposition of large-scale tariffs was "overreach," President Trump immediately issued a new executive order, announcing a 10% import tariff on goods from all countries and regions starting February 24, 2026. **On the 21st, Trump announced that the newly imposed "global import tariff" rate would be raised from 10% to 15%.** Meanwhile, the impact of the Supreme Court's ruling is also becoming apparent. As of the 21st, hundreds of companies have filed lawsuits seeking refunds for tariffs paid due to Trump's tariff policy. - **Trump considers "limited military strikes" against Iran; Iranian Foreign Minister: Agreement draft with the US will be determined by the 23rd** According to CCTV News, Trump stated on February 20 that he is considering "initial limited military strikes" against Iran to compel Iran to accept US demands regarding the nuclear agreement. The Iranian Foreign Minister stated that there is no military solution to Iran's peaceful nuclear program, and the only solution is diplomatic, with an agreement draft with the US to be determined within three days (by February 23). - **Report: German Chancellor Merz will visit China from February 24 to February 26** According to reports, German government spokesperson Sebastian Hille stated that German Chancellor Merz will visit China from February 24 to February 26, with an itinerary that includes Beijing and Hangzhou - **Apple to Hold Annual Shareholders Meeting on February 24, 2026** Apple Inc. officially announced that it will hold its annual shareholders meeting on February 24, 2026, Eastern Time. At this meeting, shareholders will vote to re-elect the board of directors, approve executive compensation, and approve Ernst & Young as Apple's public accounting firm, as well as vote on shareholder proposals. - **Apple Plans to Release iOS 26.4 Beta to Developers in the Week of February 23** Renowned tech journalist Mark Gurman posted that Apple plans to release the iOS 26.4 beta to developers in the week of February 23, which is expected to include some features of the new version of Siri. Additionally, Apple plans to hold a product launch event in the week of March 2, where the iPhone 17e will maintain the same starting price of $599 as the iPhone 16e, with upgraded chips and new MagSafe magnetic features; the new entry-level iPad will be equipped with the A18 chip and support Apple Intelligence, while the iPad Air will be upgraded to the M4 chip. - **Federal Reserve Sees Personnel Changes: Atlanta Fed President Bostic to Retire** Raphael Bostic, President of the Federal Reserve Bank of Atlanta, announced plans to retire when his term ends on February 28, 2026. The 59-year-old Bostic has served as Atlanta Fed President since 2017, becoming the first African American to lead a regional Federal Reserve Bank and the first openly gay Federal Reserve President. In a statement, Bostic said, "I am proud of the achievements during my tenure. We have made the noble goal of an economy that benefits everyone more of a reality. I look forward to exploring new ways to advance this grand vision in my next chapter." Cheryl Venable will temporarily take over as head of the regional Fed. Bostic's departure will bring more uncertainty to the Federal Reserve, which is currently experiencing other notable personnel changes and facing political pressure from President Trump to cut interest rates. Bostic will leave a few months before new leadership arrives at the Federal Reserve, with Chairman Jerome Powell's term ending in May next year. - **U.S. House Oversight Committee Subpoenas Bill and Hillary Clinton to Testify on Epstein Case** According to CCTV, the U.S. House Oversight and Accountability Committee will conduct closed-door depositions with former President Bill Clinton and former Secretary of State Hillary Clinton next week in Chappaqua, New York. A committee spokesperson stated that this inquiry is related to the committee's investigation into the late financier Jeffrey Epstein. According to the schedule, Hillary Clinton's deposition is set for February 26, while Bill Clinton is scheduled for February 27. - **U.S. Secretary of State to Visit Israel by February 28 to Discuss Iran Issues** According to CCTV, on the 18th local time, a senior U.S. official stated that President Trump's National Security Advisor discussed Iran issues during a meeting in the White House Situation Room, and all U.S. military forces involved in the Middle East military buildup should be in place by mid-March U.S. officials also stated that the United States hopes Iran will submit a written proposal to resolve the deadlock after the Geneva talks. Additionally, U.S. Secretary of State Marco Rubio will visit Israel on February 28 to meet with Prime Minister Benjamin Netanyahu to discuss the Iran issue. - **Hong Kong's New Financial Budget Announcement** According to China News Service, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated in a blog on the 11th that the new financial budget will be announced on February 25. Benefiting from a thriving financial market, overall revenue, including stamp duty, has increased, allowing the SAR government to restore a surplus in its operating accounts ahead of schedule. However, due to increased investment in public works projects, the capital account will still record a deficit this year. - **MSCI China Index Includes 37 Stocks Such as Silver Holdings** International index provider MSCI announced the results of its index quarterly adjustment for February 2026, which will take effect after the market closes on February 27. Notably, the MSCI China Index has newly included 37 stocks such as Li Ao Co., Silver Holdings, Anji Technology, and Pony.ai. At the same time, it has removed 16 stocks including Fosun International, Great Wall Motors, and Vanke Enterprises. - **China Securities Index Company Releases CSI Hong Kong Stock Connect Robotics Theme Index** The China Securities Index Co., Ltd. will officially release the CSI Hong Kong Stock Connect Robotics Theme Index and the CSI U.S. Stock 30 Index on February 27, 2026, providing the market with richer investment targets. The CSI Hong Kong Stock Connect Robotics Theme Index selects 30 listed companies involved in the manufacturing of robotic bodies, software and hardware products necessary for providing perception, planning, decision-making, and motion control and execution functions for robot intelligence, as well as companies providing computational resources for intelligent decision-making and control of robots, to reflect the overall performance of robotics-themed listed companies within the Hong Kong Stock Connect scope. The CSI U.S. Stock 30 Index consists of 30 securities with large market capitalization and good liquidity listed on the New York Stock Exchange and NASDAQ, reflecting the overall performance of large-cap U.S. securities. - **U.S. Treasury to Sell $44 Billion in 7-Year Bonds** Next week, the U.S. Treasury will sell $44 billion in 7-year bonds, $70 billion in 5-year bonds, and $69 billion in 2-year bonds. - **People's Bank of China to Auction 20 Billion Yuan 1-Year Central Bank Bills in Hong Kong** On February 25, the People's Bank of China will auction 30 billion yuan in 3-month and 20 billion yuan in 1-year central bank bills in Hong Kong. - **2027 FOMC Voter, Richmond Fed President Barkin to Speak** Next week, 2027 FOMC voter and Richmond Fed President Barkin will speak. 2027 FOMC voter and Chicago Fed President Goolsbee will also speak. 2028 FOMC voter and St. Louis Fed President Bullard will discuss the role of the Federal Reserve. Federal Reserve Governor Waller will speak on the economic outlook - **2026 Silver-haired Cultural Tourism Innovation Development Conference** The 2026 Silver-haired Cultural Tourism Innovation Development Conference and the All-domain Ecological Integration Industry Exhibition will be held in Nanjing on February 27. - **The 13th Asia-Pacific Sustainable Development Forum** The 13th Asia-Pacific Sustainable Development Forum will take place from February 24 to 27. - **EU Calls for Additional Oil Coordination Group Meeting** According to Bloomberg, the EU has called for an additional oil coordination group meeting scheduled for February 25. - **Former Philippine President Duterte to Miss ICC Hearing** According to CCTV, on February 18 local time, former Philippine President Duterte informed the International Criminal Court's Pre-Trial Chamber in a letter that he intends to miss the confirmation of charges hearing scheduled for February 23. The ICC stated on January 26 that, according to the judge's ruling, former President Duterte is suitable to attend the pre-trial hearing, which will be held on February 23. - **New Dutch Cabinet to Be Sworn In** The new Dutch cabinet will be sworn in, with Rob Jetten expected to become the Prime Minister. - **Milan Fashion Week Begins** Milan Fashion Week has begun, with the Gucci show on February 27 being a highlight, marking the first show since designer Demna Gvasalia took over as creative director. - **Douyin's New Year Food and Entertainment Festival Ends on February 23** Douyin Life Services launched the "New Year Food and Entertainment Festival" promotional event from February 10 to February 23, 2026. Users can participate in red envelope grabs and receive discounts on food and entertainment coupons and physical prizes by visiting Douyin's "Group Purchase" homepage or searching for "Spring Festival Group Purchase" at 12:00, 17:00, and 20:00 daily. During the same period, users can also participate in the "Good Luck is Coming" card collection activity, where they can collect cards by completing tasks such as following and placing orders to exchange for brand gifts like electric vehicles. - **Laopuhuang to Adjust Product Prices on February 28** Laopuhuang has announced a price adjustment notice, stating that product prices will be adjusted on February 28, 2026. The details of the price adjustment will be based on the actual online and offline product prices. It is understood that Laopuhuang adjusts prices 2-3 times a year. In 2025, Laopuhuang raised prices three times in February, August, and October ### Related Stocks - [NVDU.US - Direxion Daily NVDA Bull 2X Shares](https://longbridge.com/en/quote/NVDU.US.md) - [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md) - [NVDX.US - T-Rex 2X Long NVIDIA Daily Target ETF](https://longbridge.com/en/quote/NVDX.US.md) - [PSI.US - Invesco Semiconductors ETF](https://longbridge.com/en/quote/PSI.US.md) - [NVDY.US - YieldMax NVDA Option Income Strategy ETF](https://longbridge.com/en/quote/NVDY.US.md) - [XSD.US - SPDR S&P Semicon](https://longbridge.com/en/quote/XSD.US.md) - [NVDL.US - GraniteShares 2x Long NVDA Daily ETF](https://longbridge.com/en/quote/NVDL.US.md) - [SOXX.US - iShares Semiconductor ETF](https://longbridge.com/en/quote/SOXX.US.md) - [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md) - [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Ballentine Partners LLC Purchases 7,068 Shares of NVIDIA Corporation $NVDA | Ballentine Partners LLC increased its stake in NVIDIA Corporation by 1.5% in Q3, acquiring an additional 7,068 shares, b | [Link](https://longbridge.com/en/news/276430298.md) | | Nvidia Deepens India Push As AI Infrastructure Race Heats Up | Nvidia Corp. is expanding its presence in India through partnerships with Yotta Data Services and E2E Networks to enhanc | [Link](https://longbridge.com/en/news/276218932.md) | | NVIDIA’s 13F Bombshell: A New AI Power Trio Emerges | NVIDIA's Q4 2025 13F filing reveals significant shifts in its public equity portfolio, adding Intel, Synopsys, and Nokia | [Link](https://longbridge.com/en/news/276480737.md) | | Larsen and Toubro teaming with Nvidia to build India's largest gigawatt scale AI factory | Larsen and Toubro teaming with Nvidia to build India's largest gigawatt scale AI factory | [Link](https://longbridge.com/en/news/276207411.md) | | BREAKINGVIEWS-OpenAI $100 bln mega-raise may be a mere pit stop | OpenAI is reportedly seeking over $100 billion in a fundraising round, potentially led by Amazon, SoftBank, and Nvidia, | [Link](https://longbridge.com/en/news/276437556.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.