Public Markets 8-Hour Briefing
×Market Moves
Nvidia beat back bubble fears with record $68 billion in fourth-quarter sales as the AI boom continues. US stock futures fell after Nvidia's post-earning gains were tempered. Snowflake reported a 30% revenue jump on cloud and AI demand, while Salesforce topped quarterly profit estimates despite Wall Street's AI concerns.
Commodities & Currencies
Oil prices steadied ahead of US-Iran nuclear talks, with EIA data showing a hefty stock build. Gold ticked up on a softer dollar as markets monitored the Iran talks. The yuan extended its advance after the PBOC set another stronger fixing. The yen outperformed G-10 peers after a Bank of Japan board member renewed calls for rate increases.
Corporate Developments
Toyota plans a $19 billion share sale as soon as 2026 to unwind strategic holdings. OpenAI hired an ex-Apple AI head from Meta, while Amazon tied its $50 billion OpenAI investment to either an IPO or AGI milestone. Qantas shares fell as returns from overseas flights shrank, though the airline reported first-half earnings rose on strong domestic demand.
Geopolitical Impact
US authorities arrested a former Air Force major accused of training Chinese military pilots. Iran reportedly plans to offer a "commercial bonanza" to US companies. Lithium prices jumped after Zimbabwe banned concentrate exports, while Core Lithium sold a stockpile to Glencore to fund its mine restart.