Wire
Street Color: Amazon in Talks to Sell Custom AI Chips, Bloomberg Reports
Street Color: Amazon in Talks to Sell Custom AI Chips, Bloomberg Reports
$AMZN$NVDA
Nvidia
$NVDANASDAQSemiconductors
389 stories mentioning NvidiaUpdated 15h ago
Rallied as tech and semiconductor stocks jumped, with the Philadelphia Semiconductor Index climbing 5.4% amid the broad market rally.
Wire
Intel Shares Surge Premarket Following Trump's Post Claiming Partnership With Apple
Intel (INTC) shares were up almost 9% in Thursday's premarket activity after President Donald Trump said Apple (AAPL) has "agreed to work with Intel to design and build its Chips in America."In his Truth Social post early Thursday, Trump brought up Nvidia (NVDA) and Tesla's (TSLA) partnerships with Intel, helping with his cause to bring manufacturing back to the US.Nvidia and Intel unveiled in September plans to jointly develop custom datacenter and personal computer products. In April, Intel said it joined the Terafab project to "help refactor silicon fab technology."has reached out to Apple and Intel for a comment on Trump's post.Price: $131.90, Change: $+10.80, Percent Change: +8.92%
$AAPL$INTC$NVDA$TSLA
Sectors
Sector Update: Tech Stocks Rise Late Afternoon
Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 1%.The Philadelphia Semiconductor index climbed 2.6%.In corporate news, Figma (FIG) shares jumped 5.2% after Citigroup started coverage of the company's stock at buy with a $36 price target.Intel (INTC) has started risk production of its most advanced chip node, 18A-P, bringing the company closer to a potential deal to make chips for Apple (AAPL), CNBC reported Tuesday. Intel shares rose 3.6%, and Apple was down 1.3%.Microsoft-backed (MSFT) OpenAI recorded a cash burn of $3.7 billion in Q1 of 2026, which is more than half of its $5.7 billion revenue for the period, The Information reported, citing documents shared with shareholders. Microsoft shares were down 3.7%.Hewlett Packard Enterprise (HPE) shares rose 0.3% after the firm said it was selected by Vultr along with Nvidia (NVDA) to support large-scale AI data center deployments. Nvidia shares were down 1.4%.
$AAPL$FIG$HPE$INTC$MSFT$NVDA
Sectors
Sector Update: Tech Stocks Rise Wednesday Afternoon
Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.2%.The Philadelphia Semiconductor index climbed 3.4%.In corporate news, Intel (INTC) has started risk production of its most advanced chip node, 18A-P, bringing the company closer to a potential deal to make chips for Apple (AAPL), CNBC reported Tuesday. Intel shares rose 4.2%, and Apple was down 0.7%.Hewlett Packard Enterprise (HPE) shares rose 3% after the firm said it was selected by Vultr along with Nvidia (NVDA) to support large-scale AI data center deployments. Nvidia shares were flat.SpaceX (SPCX) shares fell 1.8% after rising over the past two days following its record-setting initial public offering on Friday. Investor Michael Burry, known for calling the US housing collapse and the 2008 financial crisis, wrote in his newsletter on Tuesday that the company's put options remain too expensive, according to a CNBC report.
$AAPL$HPE$INTC$NVDA$SPCX
Wire
Hewlett Packard Enterprise, Nvidia to Power Vultr's Next-Gen AI Cloud Infrastructure
Hewlett Packard Enterprise (HPE) said Wednesday it was selected by Vultr along with Nvidia (NVDA) to support large-scale AI data center deployments.The setup will use Nvidia GB300 NVL72 systems with HPE infrastructure and Nvidia Spectrum-X Ethernet networking to enable large-scale, high-performance AI model training and inference, according to a statement.The deployments will be part of Vultr's global AI infrastructure expansion, using rack-scale systems and liquid cooling technology, Hewlett Packard Enterprise said.Hewlett Packard Enterprise shares were up 3.7% while Nvidia was down 0.6% in Wednesday trading.Price: $50.17, Change: $+1.79, Percent Change: +3.70%
$HPE$NVDA
Wire
SharonAI Secures $1.60 Billion Private Placement for AI Factory Expansion
SharonAI (SHAZ) said Wednesday it has secured $1.60 billion private placement financing to support the expansion of its AI factory capacity under a partnership with Nvidia (NVDA).The transaction, expected to close around June 22, consists of a private placement of about $900 million common stock and pre-funded warrants, and a private placement of $700 million in 4.75% convertible senior notes due 2032, SharonAI said.Proceeds will be used to install up to 40,000 Grace Blackwell GB300 GPUs to build artificial intelligence factories, the company said.SharonAI said its total AI factory capacity has expanded to 132MW and that it expects to deploy over 55,000 Nvidia GPUs by mid-2027.Shares of the company were up more than 20% in Wednesday trading.Price: $92.14, Change: $+15.46, Percent Change: +20.16%
$NVDA$SHAZ
US Markets
Update: Dow Logs Back-to-Back Record High in Mixed Session Ahead of Fed Decision
(Updates with market moves at the end of the day.)The Dow Jones Industrial Average hit a fresh record high on Tuesday despite a sell-off in the technology sector, as the Federal Reserve kicked off its two-day monetary policy meeting.The Dow rose 0.6% to 51,999.7, notching a new closing high for a second straight day. The Nasdaq Composite fell 1.2% to 26,376.3, while the S&P 500 shed 0.6% to 7,511.4, the first decline in the past four sessions.Among sectors, financials paced the gainers, while tech saw the biggest drop.Among tech majors, Nvidia (NVDA) shares fell 2.4%, the biggest drop on the Dow, followed by Salesforce (CRM) and Microsoft (MSFT), respectively. On the S&P 500, Intel (INTC) was among the worst performers, down 8.5%.Markets widely expect the Fed to leave its benchmark lending rate unchanged Wednesday, which would mark the central bank's fourth straight pause, according to the CME FedWatch tool. The meeting is Kevin Warsh's first as Fed chair, who assumed the role last month, replacing Jerome Powell."The (Federal Open Market Committee) is expected to remove the lingering easing bias from the statement, signaling instead an equal probability of the next policy move being a rate cut or a rate hike," Stifel said in a note.The Fed is also scheduled to publish its latest Summary of Economic Projections, or SEP, document Wednesday. Stifel projects the Fed's "dot plot" to show most officials' expectations for a "stagnant" monetary policy for the rest of the year amid concerns over inflation.West Texas Intermediate crude oil was down 4.8% at $76.89 a barrel in Tuesday late-afternoon trade, while Brent dropped 4.2% to $79.66.The US and Iran recently agreed to end their war and reopen the Strait of Hormuz, which is the world's most important chokepoint for crude flows. The two sides are scheduled to sign their peace deal in Switzerland Friday, which would kick off another round of negotiations on Tehran's nuclear program as Iran seeks sanctions relief.Analysts have flagged the possibility of implementation risks and potential disagreements.Iran is demanding Israel withdraw from Lebanon, CNN reported."The path ahead is complex: watch for implementation disagreements, Gulf states' security demands, and Iran's continued leverage over the Strait of Hormuz," Deutsche Bank said in a note.US Treasury yields were lower, with the 10-year rate down 4.6 basis points at 4.44% and the two-year yield falling 2.3 basis points to 4.06%.In economic news, US housing starts plummeted to the lowest level since 2020 in May amid a steep drop in multi-family projects, government data showed."There is little indication that US home building will break to the upside anytime soon, given high mortgage rates, previous overbuilding in the South, elevated new home inventories relative to sales, and the current depressed level of builder activity in the (National Association of Home Builders) survey," BMO Capital Markets said in a note.In company news, Space Exploration Technologies (SPCX) agreed to acquire Anysphere, which operates artificial intelligence coding agent Cursor, in a deal worth about $60 billion, just days after the Elon Musk-led rocket and satellite company went public. SpaceX shares rose 4.8%, rising for the third straight day following its Friday debut.Olin (OLN) and Huntsman (HUN) agreed to merge in an all-stock deal to create a larger North American chemicals company with more than $12 billion in annual revenue. Huntsman shares slid 17%, while Olin fell 5.9%.Gold was last seen up 0.1% at $4,355.10 per troy ounce, while silver was little changed at $70.16 per ounce.
Dow JonesNasdaq CompositeS&P 500$CRM$HUN$INTC$MSFT$NVDA$OLN$SPCX
US Markets
Update: Equity Markets Mixed Intraday as Fed Meeting Begins
(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday as the Federal Reserve's two-day monetary policy meeting got underway.The Nasdaq Composite was down 0.6% at 26,518.3 after midday Tuesday, while the S&P 500 fell 0.3% to 7,531.1. The Dow Jones Industrial Average rose 0.9% to 52,101. Most sectors were in the green, led by financials, while technology saw the biggest drop.Salesforce (CRM) shares were down 2.2%, the biggest drop on the Dow, followed by fellow tech majors Microsoft (MSFT) and Nvidia (NVDA), respectively. On the S&P 500, Intel (INTC) was among the worst performers, down 5.6%.Markets widely expect the Fed to leave its benchmark lending rate unchanged Wednesday, which would mark the central bank's fourth straight pause, according to the CME FedWatch tool. The meeting is Kevin Warsh's first as Fed chair, who assumed the role last month, replacing Jerome Powell."The (Federal Open Market Committee) is expected to remove the lingering easing bias from the statement, signaling instead an equal probability of the next policy move being a rate cut or a rate hike," Stifel said in a note. "There will also be an updated SEP, or Summary of Economic Projections, released with policymakers likely increasing both their expectations for inflation amid rising energy prices, as well as growth, reflecting a pickup in productivity amid a rapid and ongoing adoption of (artificial intelligence)."West Texas Intermediate crude oil was down 6.4% at $75.62 a barrel intraday, while Brent dropped 5.4% to $78.69.The US and Iran recently agreed to end their war and reopen the Strait of Hormuz, which is the world's most important chokepoint for crude flows. The two sides are scheduled to sign their peace deal in Switzerland Friday, which would kick off another round of negotiations on Tehran's nuclear program as Iran seeks sanctions relief.US President Donald Trump vowed to publicly release the text of the agreement "in a couple of days," CNN reported Tuesday.Analysts have flagged the possibility of implementation risks and potential disagreements."The path ahead is complex: watch for implementation disagreements, Gulf states' security demands, and Iran's continued leverage over the Strait of Hormuz," Deutsche Bank said in a note.US Treasury yields were lower intraday, with the 10-year rate down 4.9 basis points at 4.43% and the two-year yield falling 3.2 basis points to 4.05%.In economic news, US housing starts plummeted to the lowest level since 2020 in May amid a steep drop in multi-family projects, government data showed."There is little indication that US home building will break to the upside anytime soon, given high mortgage rates, previous overbuilding in the South, elevated new home inventories relative to sales, and the current depressed level of builder activity in the (National Association of Home Builders) survey," BMO Capital Markets said in a note.In company news, Space Exploration Technologies (SPCX) agreed to acquire Anysphere, which operates artificial intelligence coding agent Cursor, in a deal worth about $60 billion, just days after the Elon Musk-led rocket and satellite company went public. SpaceX shares were up 11% intraday.Olin (OLN) and Huntsman (HUN) agreed to merge in an all-stock deal to create a larger North American chemicals company with more than $12 billion in annual revenue. Huntsman shares were down 17% intraday, while Olin fell 7.1%.La-Z-Boy (LZB) is scheduled to report its latest quarterly financial results after the closing bell Tuesday, along with others.Gold was little changed at $4,351.20 per troy ounce, while silver edged down 0.4% to $69.90 per ounce.
Dow JonesNasdaq CompositeS&P 500$CRM$HUN$INTC$LZB$MSFT$NVDA$OLN$SPCX
US Markets
Update: Dow Climbs to Record, Oil Tumbles Following US-Iran Framework
(Updates with market moves at the end of the day.)The Dow Jones Industrial Average notched a new all-time high on Monday as a framework between the US and Iran to reopen the crucial Strait of Hormuz sent oil prices tumbling.The Dow rose 0.9% to settle at 51,671, topping its previous closing high recorded on June 4. The Nasdaq Composite jumped 3.1% to 26,683.9, while the S&P 500 climbed 1.7% to 7,554.3 -- both indexes advancing for a third consecutive session.Most sectors were in the green, led by technology's 3.4% gain, while energy saw the steepest drop.US markets will be closed Friday for the Juneteenth National Independence Day holiday.The US and Iran have reached an agreement to end their war and reopen the Strait of Hormuz after more than three months of conflict that disrupted regional stability and global shipping routes.The strait -- the world's most important chokepoint for crude flows -- has remained effectively closed since the US-Israel war with Iran began at the end of February.West Texas Intermediate crude oil was down 4.1% at $81.39 a barrel in Monday late-afternoon trade, while Brent fell 4.1% to $83.73.In the US, gasoline prices averaged $4.065 per gallon on Monday, compared with $4.164 a week earlier and $4.528 a month ago, according to AAA, a travel organization that tracks fuel prices in the country.While the US-Iran agreement lifts sentiment, analysts flagged potential implementation risks.US Treasury yields were lower, with the two-year rate last down 1.4 basis points at 4.08% and the 10-year rate falling 1.1 basis points to 4.48%.The Federal Reserve is scheduled to kick-off its two-day monetary policy meeting Tuesday, with Chair Kevin Warsh at the helm for the first time. Policymakers are widely expected to leave their benchmark lending rate unchanged Wednesday, which would mark their fourth consecutive pause, according to the CME FedWatch tool."We expect the Warsh Fed to move slowly on interest rates, especially with expectations for an end to the war," D.A. Davidson said. "The Fed, however, could remove its easing bias (a view that rates will be lower over the medium term)."The central bank's so-called "dot plot" may signal no interest rate cuts until 2028, said UBS Securities, which flagged the possibility of a tighter monetary policy amid the energy price shock stemming from the Middle East conflict.In economic news, US industrial production increased less than estimated in May as nondurable manufacturing fell, while mining output increased, Fed data showed.US homebuilder confidence declined this month as rising material costs and high mortgage rates stoked affordability concerns, the National Association of Home Builders and Wells Fargo said.SpaceX (SPCX) surged 20%, after the Elon Musk-led company finished its trading debut on Friday up 19%.Nvidia (NVDA) rose 3.5%, the second-biggest gainer on the Dow. Nvidia is looking to raise at least $20 billion from its first corporate bond sale since 2021, Bloomberg reported, citing people with direct knowledge of the matter.Micron Technology (MU) shares deserve a higher valuation amid a stronger memory cycle driven by artificial intelligence demand and tight industry supply, RBC Capital Markets said. The brokerage raised its price target for Micron to $1,200 from $525 and maintained an outperform rating.Micron's stock rallied 11%.In company news, Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion, creating a media and technology entity with one of the largest streaming businesses in the US.Fox's class A and B shares slid about 17% and 15%, respectively, the worst performers on the S&P 500, while Roku fell 1.9%.Payoneer (PAYO) agreed to be acquired by Canada's Nuvei in an all-cash transaction valued at about $2.75 billion, creating a global platform for local and cross-border commerce. Payoneer climbed 4.2%.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest quarterly financial results later this week.Gold was last up 2.5% at $4,342.80 per troy ounce, while silver rose 3.4% to $70.29 per ounce.
Dow JonesNasdaq CompositeS&P 500$ACN$FOX$FOXA$JBL$KR$MU$NVDA$PAYO$ROKU$SPCX
Wire
Sector Update: Tech Stocks Gain Late Afternoon
Tech stocks were sharply higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 3.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 4.2%.The Philadelphia Semiconductor Index climbed up 5.4%.In corporate news, Nvidia (NVDA) is set to raise $25 billion from a high-grade bond sale that drew about $85 billion in orders, Bloomberg reported. Nvidia shares added 3.2%.Space Exploration Technologies (SPCX) revenue may surpass $1 trillion by 2031, CEO Elon Musk said Sunday on X. SpaceX shares jumped 15%.Seagate Technology (STX) and Western Digital (WDC) are expected to benefit from strengthening demand for hard disk drives, Morgan Stanley said in a note. The firm raised its price target for Seagate to $1,035 from $767, and for Western Digital to $650 from $488. Seagate shares climbed 8.5%, and Western Digital surged 15%.Microsoft (MSFT) faces a proposed class action lawsuit filed by shareholders alleging the company failed to disclose slowing Azure cloud growth and rising AI infrastructure costs, Reuters reported. Microsoft shares were up 2.3%.
$MSFT$NVDA$SPCX$STX$WDC
Sectors
Sector Update: Tech
Tech stocks were sharply higher late Monday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 3.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 4.2%.The Philadelphia Semiconductor Index climbed 5.4%.In corporate news, Nvidia (NVDA) is set to raise $25 billion from a high-grade bond sale that drew about $85 billion in orders, Bloomberg reported. Nvidia shares were up 3.3%.
$NVDA
US Markets
Update: Equity Markets Rally Intraday, Oil Tumbles Following US-Iran Deal
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, while oil prices sank as markets cheered an agreement between Washington and Iran to end their war and reopen the crucial Strait of Hormuz.The Nasdaq Composite was up 3.1% at 26,677.8 after midday Monday, while the S&P 500 rose 1.9% to 7,569.3. The Dow Jones Industrial Average gained 1.3% to 51,878.1. Most sectors were in the green, led by technology's 3.3% advance, while energy saw the steepest drop.On Sunday, US President Donald Trump said that a deal with Iran was "complete" and that he authorized the immediate removal of the US naval blockade of Iranian ports. In a separate social media post, Trump said the Strait of Hormuz will reopen for mine removal upon the signing of the peace agreement, scheduled for Friday in Switzerland.The strait has been effectively shut since the end of February, when the US and Israel launched joint strikes on Iran.West Texas Intermediate crude oil was down 5.3% at $80.41 a barrel intraday Monday, while Brent fell 4.9% to $83.02."The market driver is an alleged peace framework between the US and Iran that does have the advantage of getting oil flowing through the Strait of Hormuz, at least for now," Scotiabank said in a note.Separately, Rystad Energy said the US-Iran peace framework has lifted sentiment, but it will take time for oil supply to improve meaningfully.US Treasury yields were lower intraday, with the two-year rate down 2.5 basis points at 4.06% and the 10-year rate falling 1.5 basis points to 4.47%.The Federal Reserve is scheduled to kick-off its two-day monetary policy meeting Tuesday. Policymakers are widely expected to leave their benchmark lending rate unchanged Wednesday, which would mark their fourth consecutive pause, according to the CME FedWatch tool.The central bank's so-called "dot plot" may signal no interest rate cuts until 2028, said UBS Securities, which flagged the possibility of a tighter monetary policy amid the energy price shock stemming from the Middle East conflict."We have been saying since early March the energy price increase and potential supply disruptions (amid the Iran war) widened the potential outcomes for the future path of the funds rate, including rate hikes," UBS said in a note.In economic news, US industrial production increased less than estimated in May as nondurable manufacturing fell, while mining output increased, Fed data showed.US homebuilder confidence declined this month as rising material costs and high mortgage rates stoked affordability concerns, the National Association of Home Builders and Wells Fargo said."Costly and inefficient regulatory policy is clearly impeding the ability of builders to increase the housing supply," NAHB Chief Economist Robert Dietz said. "Easing permitting bottlenecks, density limits and inefficient zoning rules would help reduce costs and support the housing growth the nation needs."SpaceX (SPCX) was up 14% intraday, after the Elon Musk-led company finished its trading debut on Friday up 19%.Certain other big tech names were also higher intraday Monday, with Nvidia (NVDA) up 3.5%, among the best performers on the Dow. Microsoft (MSFT) rose 2.3%.In company news, Fox (FOX, FOXA) agreed to acquire Roku (ROKU) in a cash-and-stock deal that values the TV streaming platform at about $22 billion, creating a media and technology entity with one of the largest streaming businesses in the US.Fox's class A and B shares were down 16% and 15%, respectively, the worst performers on the S&P 500, while Roku fell 1.8%.Payoneer (PAYO) agreed to be acquired by Canada's Nuvei in an all-cash transaction valued at about $2.75 billion, creating a global platform for local and cross-border commerce. Payoneer shares were up 4.1%.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest quarterly financial results later this week, along with others.US markets will be closed Friday for the Juneteenth National Independence Day holiday.Gold was up 2.9% at $4,360.80 per troy ounce, while silver climbed 3.6% to $70.42 per ounce.
Dow JonesNasdaq CompositeS&P 500$ACN$FOX$FOXA$JBL$KR$MSFT$NVDA$PAYO$ROKU$SPCX
Treasury
Market Chatter: Nvidia Set to Raise $25 Billion From High-Grade Bond Sale
Nvidia (NVDA) is set to raise $25 billion from a high-grade bond sale that drew about $85 billion in orders, Bloomberg reported Monday, citing a person with knowledge of the matter.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $212.02, Change: $+6.83, Percent Change: +3.33%
$NVDA
Wire
Nvidia Set to Raise $25 Billion From High-Grade Bond Sale, Bloomberg Reports
Nvidia Set to Raise $25 Billion From High-Grade Bond Sale, Bloomberg Reports
$NVDA
Japan
Update: US Equity Indexes Jump Following Weekend Agreement to End Iran War
(Updates with index moves and geopolitical developments from the first paragraph.)US equity indexes rose after the US and Iran reached a framework agreement to end the war in the Middle East, setting the stage for a reopening of the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.The Nasdaq Composite jumped 3% to 26,660.1, the S&P 500 jumped 1.9% to 7,574.4, and the Dow Jones Industrial Average advanced 1.4% to 51,921.7.Energy and consumer staples were among the decliners, while technology, communication services, and consumer discretionary led the gainers.Iran's Supreme National Security Council confirmed on Sunday that a memorandum of understanding had been reached, with military operations on all fronts set to cease immediately. No text of the MoU has been released, and the duo has offered conflicting accounts of what will follow a signing ceremony in Switzerland on Friday, CNN reported.The peace deal will end the US blockade of Iranian ports and reopen the Strait of Hormuz, according to multiple media reports. Iran's Foreign Ministry spokesman, Esmail Baghaei, said the ceasefire in Lebanon - one of Iran's preconditions for a negotiated settlement - has been observed in the memorandum of understanding, Al Jazeera reported.Crude oil futures slumped. Front-month global benchmark North Sea Brent slumped 5.5% to $80.22 per barrel, and US West Texas Intermediate sank 5.1% to $82.88 per barrel.
Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CVX$NVDA$SHEL$SPCX$XOM
Wire
Top Midday Stories: Fox to Acquire Roku for $22 Billion; Truist Names Former Fiserv CEO Lyons as New CEO
All three major US stock indexes were up in late-morning trading Monday, after President Donald Trump said on Sunday that a deal has been signed to end the war between the US and Iran.In company news, Fox (FOX) said Monday it has agreed to acquire Roku (ROKU) in a cash-and-stock deal valued at $22 billion. Under the terms of the deal, Fox will pay $160 per share for Roku, comprised of $96 in cash and 0.9693 shares of Fox stock, the company said. The transaction is expected to close in H1 2027, subject to shareholder and regulatory approvals, but both boards have unanimously approved the deal, Fox said. Shares of Fox were down 15.5% around midday, while Roku shares were down 1.0%.Truist Financial (TFC) on Monday named Michael P. Lyons as its next president and chief executive officer, starting Sept. 1. Lyons, who most recently served as CEO of Fiserv (FISV), will succeed Bill Rogers at Truist. Rogers will become executive chair on Lyons' start date, Truist said. Truist shares were down 3.6%, while Fiserv shares were down 8.1%.SpaceX (SPCX) revenue could surpass $1 trillion by 2031, Chief Executive Elon Musk said Sunday on X, days after the company's noteworthy debut on the Nasdaq Composite. SpaceX shares were up 7.5%.Nvidia (NVDA) is looking to raise at least $20 billion from its first corporate bond sale since 2021, Bloomberg reported Monday, citing people with direct knowledge of the matter. The company is marketing bonds in seven tranches with maturities ranging from two to 30 years, the report said, citing a person with knowledge of the matter. price talk is for a spread of about 0.9 percentage points above Treasuries for the longest tenor, the report said, citing one of the people. Nvidia shares were up 2.8%.Amazon (AMZN) CEO Andy Jassy raised concerns to the Trump administration about security risks that Anthropic's most advanced models pose before the president imposed export restrictions on those models, The Information reported Saturday, citing two people familiar with the conversations. Separately, the request by Amazon's Whole Foods for a review of the January 2025 vote by workers at a Philadelphia store location to unionize was denied Monday by the US National Labor Relations Board. Amazon shares were up 3.2%.Payoneer Global (PAYO) and Nuvei said Monday they have entered into a definitive agreement under which Nuvei will acquire Payoneer for $7.40 per share in cash, representing a total deal equity value of about $2.75 billion. The transaction, which has been approved by the boards of both companies, is expected to close in mid-2027, the companies said. Payoneer shares were up 4.1%.Price: $50.25, Change: $-8.67, Percent Change: -14.71%
$AMZN$FOX$NVDA$PAYO$ROKU$SPCX$TFC
Asia Markets
Update: US-Iran Peace Deal Announcement Lifts US Equity Futures Pre-Bell
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Monday as the US and Iran finally reached a long-awaited agreement to end the war, with President Donald Trump saying the Strait of Hormuz would reopen on Friday.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 1.2%, and Nasdaq futures were 2.1% higher.Iran's Supreme National Security Council had confirmed on Sunday that a memorandum of understanding had been finalized, with military operations on all fronts set to cease immediately."With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!" Trump said in a post on Truth Social.Shares of Space Exploration Technologies (SPCX), known as SpaceX, rose 5.3% in premarket activity after the company ended Friday with a market capitalization of more than $2 trillion in a record-setting initial public offering. Shares rose as much as 29% on Friday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.9% at $83.03 per barrel and US West Texas Intermediate crude 5.6% lower at $80.16 per barrel.Investors also look forward to the Federal Reserve's rate decision, scheduled for Wednesday. Markets expect no rate moves by the central bank.The New York Federal Reserve's Empire State manufacturing index dropped to 5.7 in June from 19.6 in May, compared with expectations of a decrease to a reading of 13.5 in a survey compiled by Bloomberg.The May industrial production report, due at 9:15 am ET, is forecast to show a 0.3% gain following a 0.7% increase in the prior month. The June US housing market index, slated for 10 am ET, is expected at 37, unchanged from the prior month.In other world markets, Japan's Nikkei closed 5% higher, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 1.6% higher. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was 1.4% higher in Europe's early afternoon session.In equities, Nvidia (NVDA) shares rose 1.4% after media reports that AI startup Firebird, which is supported by Nvidia, has signed a deal worth up to $10 billion with Kazakhstan to build data centers in the Central Asian country. Amazon (AMZN) stock was up 2.1% after the company said it has completed the issuance of approximately 13.97 billion Canadian dollars ($9.99 billion) in aggregate notes across multiple maturities as part of a registered debt offering. Advanced Micro Devices (AMD) shares were up 3.8% after Citi upgraded the stock to buy from neutral and raised its price target to $575 from $460.On the losing side, ExxonMobil (XOM), Chevron (CVX), and Shell (SHEL) saw their stocks drop after oil prices plunged on the announcement of the Middle East peace agreement. ExxonMobil shares fell 3.3%, Chevron stock was down 3%, and Shell shares were down 3.9%.
Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CVX$NVDA$SHEL$SPCX$XOM
US Markets
Stocks Rise Pre-Bell as US, Iran Reach Peace Deal; Investors Await Fed Policy Decision
The benchmark US stock measures were pointing higher before the opening bell Monday as the US and Iran reached an agreement to end their war and reopen the crucial Strait of Hormuz, while investors prepare for a major policy decision by the Federal Reserve later in the holiday-shortened week.The S&P 500 rose 1.2%, the Dow Jones Industrial Average gained 0.8% and the Nasdaq added 1.9% in premarket activity. The indexes finished Friday trading in the green.US markets will be closed on Friday for the Juneteenth National Independence Day holiday.In a social media post on Sunday, President Donald Trump said a deal with Iran is "complete" and that he authorized the immediate removal of the US naval blockade of Iranian ports. In a separate post, Trump said the Strait of Hormuz will reopen for mine removal upon the signing of the peace agreement, currently scheduled for Friday in Switzerland.West Texas Intermediate crude oil dropped 5.6% to $80.11 a barrel in the most recent premarket activity, while Brent declined 5.2% to $82.77.Trump's posts came after Pakistani Prime Minister Shehbaz Sharif announced on X that a peace deal had been reached between Washington and Tehran, with both sides agreeing to immediately end their military operations on all fronts, including Lebanon.Iran's Supreme National Security Council said a memorandum of understanding regarding the end of war negotiations with the US was "finalized," Iran's Mehr News Agency reported Monday.The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due on Wednesday. Markets are widely expecting the central bank to keep its key lending rate unchanged for a fourth consecutive meeting, according to the CME FedWatch tool.Treasury yields were down in premarket action, with the two- and 10-year rates retreating 4 basis points each to 4.05% and 4.45%, respectively.Last week, government data showed that annual inflation in the US accelerated to its highest level in three years in May.Monday's economic calendar has the Empire State manufacturing index for June at 8:30 am ET, followed by the industrial production report for May at 9:15 am. The housing market index for the current month is out at 10 am.SpaceX (SPCX) rose 6.1% pre-bell after the Elon Musk-led company finished its trading debut on Friday up 19%. Advanced Micro Devices (AMD) inclined 4.2%, while Nvidia (NVDA) moved 2.1% higher.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest financial results later this week.Gold advanced 2.8% to $4,359 per troy ounce, while bitcoin increased 3% to $65,660.
Dow JonesNasdaq CompositeS&P 500$ACN$AMD$JBL$KR$NVDA$SPCX
Equities
Social Buzz: Wallstreetbets Stocks Mostly Advancing Premarket Monday; Micron Technology, SpaceX to Open Higher
The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before Monday's opening bell.Micron Technology (MU) rose by 7.5% premarket, reversing a 1.4% decline from the previous session.Space Exploration Technologies (SPCX) advanced by 5.6% pre-bell, after a 19.2% rise from Friday's session. Space Exploration Technologies, known as SpaceX, debuted on Nasdaq Friday.Sandisk (SNDK) was 5.5% higher in premarket activity, after a 5.2% rise from the previous session.AST SpaceMobile (ASTS) rose by 4.7% pre-bell, swinging from a 15.5% fall at Friday's close.Rocket Lab (RKLB) advanced by 4.2% premarket, after closing Friday with a 10.8% decline.Nvidia (NVDA) was 2.1% higher in pre-bell activity, after a -/2% increase from the previous session.Microsoft (MSFT) was up 1.8% hours before market open, following a 0.1% increase at Friday's close.Bucking the trend, DTE Energy (DTE) was 0.1% lower pre-bell, swinging from a 1.1% increase at Friday's close.
$ASTS$DTE$MSFT$MU$NVDA$RKLB$SNDK$SPCX
Wire
Market Chatter: SpaceX Rents Out Data Center Capacity to Anthropic After Encountering Technical Issues
Space Exploration Technologies (SPCX) decided to rent out capacity at its Colossus 1 data center in Memphis, Tennessee, to Amazon.com-backed (AMZN) Anthropic to create a new revenue stream after experiencing technical difficulties in using the facility, Bloomberg reported Friday, citing people familiar with the matter.SpaceX originally planned to use the facility to develop and run its Grok artificial intelligence models via a cluster of three data center campuses, but the firm faced latency issues and hardware variations, making it difficult to connect Colossus 1 to the other two sites, the report said, citing the people.Colossus 1 runs on Nvidia's (NVDA) Hopper and Blackwell systems and some other older accelerators, while two other sites are built more uniformly around Blackwell chips, the people reportedly said.SpaceX did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $160.56, Change: $+25.56, Percent Change: +18.93%
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