Welcome to Seeking Alphas, Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Friday, August 29th, and I'm your host, Kim Kahn, filling in for Julie Morgan.

Caterpillar is boosting the expected impact of tariffs. Shares are under pressure pre-market after the company said it now

expects the net impact of tariffs to be one and a half to 1.8 billion this year, up from a previous

estimate of $1.3 to $1.5 billion. For Q3, it sees an impact of $500 million to $600 million, up from

earlier outlook of $400 to $500 million. Including the net impact from incremental tariffs,

Caterpillar said in a filing that it now expects

fully adjusted operating profit margin to come in near the bottom of the target margin range.

But it left its full year sales outlook unchanged.

While the company continues to take initial mitigating actions to reduce this impact, trade and

tariff negotiations continue to be fluid, the company said. In a further worry to the AI trade,

Marvel technology is tumbling before the bell following disappointing revenue guidance.

For the quarter in progress, Marvel expects a net revenue midpoint of $2.06 billion,

less than the $2.11 billion consensus.

Adjusted EPS for the third quarter is forecasted at 74 cents, just above the estimate of 73.

For fiscal Q2, the semi-conductor company reported adjusted EPS of 67 cents, which mirrored the consensus

estimate. Revenue for the quarter came in at $2.006 billion, which

just missed the estimate of $2.01 billion. Q2 revenue jumped 58% year-over year-over-year. The gains were

led by its data center segment, which surged 69% year-over year-year to $1.49 billion. The data

center revenue is expected to be flat sequentially in Q3.

On the earnings call, CEO Matthew Murphy said lumpiness in the custom design business

is normal to see, particularly with the large hyper-scale builds that happen, and especially

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