Markets

Global markets weakened as renewed U.S.-Iran tensions, volatile oil prices and concerns over inflation pressured stocks and pushed investors toward safe-haven assets.

Asian stock markets climbed as optimism grew over a possible US-Iran agreement to reopen the Strait of Hormuz, easing fears about oil prices and global inflation.

Nvidia reported record quarterly revenue of $81.6 billion as booming global demand for AI infrastructure and Blackwell AI chips continued driving explosive growth.

Former footwear company Allbirds has officially rebranded as Smartbird, appointed a new AI-focused CEO and completed its transition into an artificial intelligence infrastructure business.

Oil prices climbed as investors monitored fragile U.S.-Iran negotiations and uncertainty surrounding the Strait of Hormuz, while global stock markets continued rallying.

Global stock markets moved higher as concerns over a wider Iran-Israel conflict eased. Semiconductor and technology stocks led gains, while investors shifted focus back to earnings, AI growth and economic data.

SpaceX’s record-breaking IPO grew to $85.7 billion after underwriters exercised the greenshoe option, highlighting extraordinary investor demand for Elon Musk’s aerospace company.

Japan’s stock market reached a new all-time high as investors poured money into AI-related technology, semiconductor and industrial manufacturing companies.