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Oklo Stock Surges as Nvidia Partners on AI Nuclear Fuel Project
Oklo shares jumped 5.5% to $76.46 after revealing a collaboration with Nvidia and Los Alamos National Laboratory on AI-driven nuclear fuel validation, highlighting growing data center energy needs.
Silver Dips Below $75 as Dollar Strength and Oil Surge Weigh on Metals
Silver slipped 0.7% to $74.88 as a stronger dollar, rising yields, and Brent crude at $107 pressured metals. CME lowered silver futures margins to 11%, while India MCX futures fell 1%.
XRP ETF Momentum Tested as GraniteShares Delays Leveraged Product Launch
XRP traded at $1.43 as GraniteShares delayed its 3x leveraged XRP ETF to May 7. Spot ETF inflows continue, but the token struggles to break resistance.
Bitcoin Holds Near $78K as ETF Inflows Offset Oil and Dollar Headwinds
Bitcoin hovers near $77,500 as $223.3M in ETF inflows support prices, but rising oil and a stronger dollar cap gains. Ethereum ETFs see $75.9M outflows.
Brent Crude Climbs Past $106 as Hormuz Tensions Keep Markets on Edge
Oil prices surged on Friday with Brent above $106 and WTI near $97, driven by heightened military tensions in the Strait of Hormuz. Weekly gains top 15%.
Gold Holds Near $4,700 as Oil Surge and Dollar Strength Weigh
Gold slipped 0.2% to $4,685.23 an ounce, heading for its first weekly drop in five weeks, as surging oil prices and a stronger dollar weighed on bullion.
Indian Markets Plunge: Sensex Down 1,000 Points; Nifty Breaks 24,000
Indian shares tumbled on Friday with the Sensex falling over 1,000 points and the Nifty 50 slipping below 23,900, driven by rising oil prices and weak tech earnings.
ASX 200 Extends Losing Streak as Oil Tensions Divide Market Ahead of RBA Decision
Australian shares fell for a fourth straight session, with the ASX 200 down 0.1% to 8,786.5 as oil above $105 a barrel fueled a rotation into energy and utilities. Suncorp gained 4.9% on a new reinsurance deal, while IGO slumped 17.3% on lower production guidance.
Old Republic International: Undervalued Amid Digital Transformation and Market Risks
Old Republic International (ORI) closed at $39.90, below its $42.50 fair value, as the insurer focuses on digitalization and AI to improve efficiency and margins. Risks include title insurance volatility and weaker real estate activity.
Newmont Tops Q1 Estimates, Authorizes $6B Buyback, Warns on Q2 Costs
Newmont reported Q1 adjusted earnings of $2.90 per share, beating estimates, and authorized a new $6 billion buyback. The miner warned of higher costs and lower output in the second quarter.