Finance

Shares of chipmaker Nvidia rose more than 3% following comments from Elon Musk indicating that SpaceX will exclusively employ Nvidia processors for its artificial intelligence computing developments. Despite beating quarterly expectations, newly public SpaceX plunged up to 14% as investors reacted cautiously to the company's aggressive AI capital expenditures.

Gold futures surged roughly 4% to trade well clear of the $4,200 per ounce threshold, marking one of its strongest single-day performances in months. The metal benefited from a softer U.S. dollar and a steep two-week, 20% pullback in crude oil prices, which helped cool near-term inflation premiums and eased expectations of aggressive Federal Reserve monetary tightening.

Bitcoin continued to trade flat around the $64,000 range, failing to mirror the record-setting movements seen across global equity benchmarks. Market analysts note that internal crypto dynamics, including shifting institutional spot ETF flows, are currently decoupling digital asset performance from broader macroeconomic catalysts like geopolitical peace talks.