Nvidia’s shares surged 6% to a record high, nearing Apple’s market value of $2.9 trillion. The AI chipmaker’s stock hit $1,128, up 8% during the session, driven by strong second-quarter revenue forecasts and a stock split.
Asian markets tumbled as chipmaker stocks experienced a sharp decline, sparking fears the AI rally might have overheated. Concerns also surfaced over Apple’s potential chip
Oil prices dipped as Qatar reported positive progress in indirect Iran-U.S. talks concerning the vital Strait of Hormuz. Despite recent exchanges, tanker traffic is recovering,
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