Benchmark 2036 yield seen between 7.23-7.28%; ₹34,000 crore auction of 6.94% paper as inflation hits 6.09% and oil prices stay elevated
Nvidia's ambitious $500 billion AI financing partnership with six major Wall Street firms is facing hurdles, with customers and financial partners seeking a larger financing backstop than the chipmaker's proposed 25%. No deals have emerged so far, and Jensen Huang's exit as CEO adds uncertainty, potentially delaying the first transaction until January.
The MSCI Asia Pacific Index rose 0.3%, led by gains in South Korea. US equity futures also advanced, with Nasdaq 100 contracts up 0.6% and those for the S&P 500 gaining 0.4% after both underlying benchmarks fell Thursday. Nvidia, the company at the heart of the AI boom, dropped 4.3% after Chief Executive Officer Jensen Huang was ousted.
Ousted Nvidia CEO Jensen Huang had an intimate relationship with a second employee, Reuters reported, days after his resignation following revelations of two other extramarital affairs. The disclosures triggered a board investigation into possible foreign intelligence involvement, while Nvidia appointed finance chief Colette Kress interim CEO. Its shares fell 5.5% Thursday.
The strong investor response comes as the artificial intelligence company prepares a potentially record-breaking listing alongside a substantial private placement
Wall Street Stocks broadly felt pressure from a rise in oil prices after President Donald Trump said he’s no longer interested in a deal with Iran to end their war.
Microsoft Outlook still down? Thousands of users across the US and the UK reported issues in accessing Microsoft Outlook, Microsoft 365, Teams, SharePoint and other services on November 12. The company has said that it had begun to restore affected servers and implement mitigations. The number of outage reports has begun to drop from afternoon peaks. Several services are still down.