Finance

Technology equities enjoyed strong gains after Nvidia delivered an exceptional earnings forecast, single-handedly adding over $400 billion in market value in a single day and reigniting enthusiasm for artificial intelligence infrastructure. Conversely, Marvell Technology experienced a sharp drop in pre-market trading despite reporting solid results. The decline was triggered by underperforming profit margin guidance, revealing the exceptionally high standards investors now maintain for chipmakers.

Cryptocurrencies have pulled back slightly after a recent rally, with Bitcoin sliding back below the $80,000 threshold and Ethereum hovering around $2,500. This near-term consolidation comes despite strong underlying demand, highlighted by nine consecutive days of positive inflows into both spot Bitcoin and Ethereum exchange-traded funds. Market participants attribute the immediate pressure to broad macroeconomic uncertainty and a major derivatives options expiration.

Global commodity markets are exhibiting mixed performances, with spot gold holding steady near $4,600 an ounce as a non-yielding asset sensitive to upcoming Federal Reserve policy remarks. Meanwhile, crude oil futures have edged downward, with Brent hovering around $89 a barrel. Both primary oil benchmarks are on track to end their two-week winning streaks, even amid ongoing geopolitical friction in the Middle East and fresh sanctions considerations.