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The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.
China has ordered major tech firms to stop buying Nvidia’s RTX Pro 6000D chips, prompting CEO Jensen Huang to express disappointment and highlight growing geopolitical risk.
Major U.S. tech firms including Microsoft, Nvidia, Google and OpenAI have committed approximately £31 billion (about $40 billion) toward UK AI infrastructure, signaling a major boost to the country’s computing and innovation potential.
CoreWeave’s stock surged after revealing a $6.3 billion Nvidia agreement guaranteeing purchases of unsold cloud capacity through 2032.
Elon Musk’s open-market purchase of around $1 billion in Tesla shares reignited investor faith, sending the stock into positive territory for the year.
Alphabet’s valuation topped $3 trillion, making it the 4th company ever to hit that milestone after a favorable U.S. antitrust ruling eased investor fears.
Oracle says its Oracle Cloud Infrastructure (OCI) booked revenue could top half a trillion dollars, driven by rising demand for cost-efficient AI cloud tools — its stock climbed 27%.