The Day Ahead

TOP NEWS

• Nvidia CEO forecasts at least $1 trillion AI chip revenue opportunity by 2027.
• Meta shares surged on reports of planned layoffs of 20% or more of its workforce.
• OpenAI in advanced talks with private equity firms for enterprise AI venture.
• Dollar Tree signals potential tariff relief but, like Dollar General, forecasts weak annual sales.
• Bank of America settled lawsuit by Jeffrey Epstein accusers.

MARKET RECAP

• Wall Street rallied, driven by AI-related stocks; Meta Platforms climbed on layoff reports.
• Oil prices fell.
• Treasuries rose, while the dollar retreated due to Middle East uncertainty.
• Gold prices were lower.