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Nvidia's $5.19 Trillion AI Trade Stalls Amid Chip Sector Pullback
Nvidia shares fell 1.1% Wednesday, pausing after a strong rally, as the broader chip sector slid. The AI bellwether's market cap sits near $5.19 trillion.
Lloyds Shares Dip 0.6% Despite Buyback and £500M Green Loan Launch
Lloyds shares slipped 0.6% to 101.4p despite a share buyback and a £500M green loan program as Gulf tensions drove oil prices up nearly 4%, weighing on global markets.
Indian Markets Closed for Holiday; Gift Nifty Signals Weak Start as Oil Surges
Indian markets closed for Bakri Id; Gift Nifty futures fell 0.79% signaling a weak Friday start. Brent crude surged 3.6% to $97.71 amid U.S.-Iran tensions, adding to cautious sentiment.
ASX 200 sinks 1.4% as Middle East strife fuels oil surge, banks and tech slide
Australian shares fell sharply Thursday, with the S&P/ASX 200 down 1.4% to 8,592.90 as renewed fighting near the Strait of Hormuz drove oil prices higher. Banks, miners, and tech stocks each lost over 2%, while gold miners dropped 7.1%.
Wall Street Ends at Records, After-Hours Signals Mixed
The Dow, S&P 500, and Nasdaq finished at record highs Wednesday, but after-hours trading showed mixed signals with Snowflake surging and Salesforce falling. Oil prices rebounded on U.S.-Iran tensions.
ServiceNow Stock Rises 2.2% on Steady Enterprise Demand Signals
ServiceNow shares rose 2.2% to $102.12, outperforming software peers as Oppenheimer reaffirmed its Outperform rating and $130 target after a customer survey showed steady enterprise demand.
Alaska-Hawaiian Merger Hits Turbulence Over Flight Attendant Uniforms
Alaska Air Group's merger with Hawaiian Airlines faces a cultural clash as flight attendants protest new uniform rules banning leis and aloha shirts on certain flights.
Nebius Surges 11.5% After AI Fund Discloses 5.6% Stake
Nebius Group shares surged 11.47% after-hours Wednesday after a filing showed Situational Awareness LP took a 5.6% stake. The AI cloud firm reported Q1 revenue of $399M, up 684%.