Nvidia's $1T projection, Trump's Cuba threats, 1-hour Amazon deliveries and more in Morning Squawk

In a significant development for the tech industry, Nvidia's stock saw a rise of approximately 1.7% following an announcement by CEO Jensen Huang. He revealed that the company anticipates $1 trillion in orders for its Blackwell and Vera Rubin systems over the next year, effectively doubling its previous projections. This announcement was made during Huang's keynote at the Nvidia GTC conference, where he outlined the company’s ambitious future. In the world of geopolitics, oil prices faced a decline amid uncertainties surrounding President Trump's plan to create an international coalition aimed at safeguarding tanker traffic in the Strait of Hormuz. While Trump claimed multiple countries are expressing support for the initiative, he withheld specific details. The ongoing tensions related to Iran have led to a significant drop in traffic through this critical oil route, prompting concerns about the largest supply disruption in history. Treasury Secretary Scott Bessent confirmed that the U.S. is permitting Iranian tankers to pass through the strait, stating, "We've let that happen to supply the rest of the world." Meanwhile, in a striking declaration, Trump suggested he could take action regarding Cuba, indicating, "Whether I free it, take it, I think I can do anything I want with it." This remark followed Trump's indication that his focus on Cuba would intensify once the conflict in Iran is resolved. In parallel, the White House's restrictions on Venezuelan oil have led to a fuel crisis in Cuba. On the corporate front, Amazon is making strides in enhancing its delivery services. The retail giant recently announced that it will offer three-hour delivery in 2,000 U.S. cities, with one-hour delivery available in hundreds of these locations. Although both services incur a fee, Prime members will benefit from a $10 discount. Amazon has been heavily investing in same-day delivery capabilities and testing even quicker options, including 30-minute delivery for household items and groceries through its Amazon Now service, alongside drone delivery initiatives. In a cautionary note for the private equity sector, Apollo's John Zito warned clients that firms may be misrepresenting the value of their software assets. He stated, "I literally think all the marks are wrong," highlighting concerns that recent declines in software stocks could be linked to fears over the obsolescence of their business models due to emerging AI technologies. As the market prepares for trading, investors are advised to keep an eye on these developments, which could significantly influence market dynamics.