Finance

Strong long-term demand for artificial intelligence infrastructure has shored up confidence across technology equities following a bullish outlook from Nvidia. Although the S&P 500 and Dow Jones Industrial Average secured record closes, the bar for AI-linked earnings remains exceptionally high, leaving some hardware and software firms facing volatile post-earnings reactions.

Shares of Marvell Technology experienced a premarket drop of roughly 6% to 8% after the semiconductor firm issued gross margin guidance that fell short of Wall Street estimates. The decline overshadowed robust quarterly demand in its data center portfolio and an ongoing strategic partnership with Google.

Gold futures have sustained momentum to trade well above $4,500 an ounce, supported by ongoing macro issues including sticky inflation, regional conflicts, and expanding national debt. Investors continue to turn to the precious metal as a portfolio diversifier and a hedge against a potential stagflation cycle.