Stocks slid as AI valuation jitters and weak macro signals spooked investors: S&P 500 and Nasdaq fell, with the Nasdaq leading losses and the Dow lagging but down. Volatility surged as Nvidia and other tech names pulled markets lower, bitcoin plunged below $90k and bond yields eased on delayed US jobs data — catalysts include Nvidia earnings, AI capex worries and crypto outflows.
A major Cloudflare network outage knocked key internet services offline, briefly disrupting ChatGPT, X and crypto front-ends. The fallout raised fresh questions about internet resilience and concentrations of web infrastructure risk.
28% – Bitcoin’s drop from its October peak, wiping out 2025 gains.
Microsoft and Nvidia’s cash injections into Anthropic redraw the AI infrastructure map and lift the startup’s valuation into the hundreds of billions. The deals lock up cloud capacity and intensify competition for compute among AI firms.
Google rolled out Gemini 3 across search and apps, packaging advanced coding and reasoning into its consumer stack. The launch signals a fresh phase in the Google‑OpenAI rivalry and pressure on AI valuations.
Medtronic lifts outlook after beating sales forecasts
Medtronic topped expectations and raised guidance as demand for its devices held up, sending shares higher and signaling resilience in medical equipment spending.
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Wall Street sold off as investors reassessed lofty AI valuations and growth expectations. Tech-led weakness and headlines around a potential AI bubble triggered a broad risk-off move across equities.
Bitcoin plunged below key technical levels, erasing gains for the year and stoking ETF outflows. Traders and institutions are reassessing crypto’s place in risk portfolios as volatility spikes.
Energizer plunges after profit miss and tariff hit
Energizer reported a rare profit miss and warned of tariff-driven cost pressure, sending the stock to record‑low territory and highlighting inflationary risks in consumer staples.
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Nvidia faces elevated scrutiny ahead of earnings as the AI trade cools and investors rotate. Analysts debate whether chips and AI infrastructure can sustain current multiples amid slowing momentum.
President Trump hosted Saudi Crown Prince Mohammed bin Salman in a high-profile White House visit as Riyadh pledged massive US investment. The trip deepens ties and clears the way for defense and energy deals.
EU opens probes under the Digital Markets Act into major cloud providers; FCC signals intent to revisit Biden-era cyber rules — regulators are tightening oversight on cloud, AI and telecom security.
The White House signaled approval for major arms sales to Riyadh while defense contractors expect to benefit. Markets and lawmakers alike are weighing strategic and proliferation risks as sales move forward.
Skydance‑Paramount’s reported $71 billion approach for Warner Bros. Discovery set off a dealer scramble and a sharp WBD rally. The potential deal would reshape media consolidation and content ownership.
“No company is going to be immune”
— Sundar Pichai, CEO of Alphabet
Meta won a landmark antitrust fight with the FTC, clearing the company to keep Instagram and WhatsApp. The legal victory removes a major regulatory overhang for the social‑media giant.
Intuit struck a multi‑year deal to embed its financial apps into ChatGPT and deepen AI integrations, paying six‑figure sums for model access. The move signals Big Tech and fintech alignments reshaping consumer finance.
Microsoft continues to productize AI with tools to manage and govern autonomous agents inside enterprises. The push highlights corporate demand for safer, auditable AI at scale.
Home Depot reported a weaker quarter and trimmed guidance as consumers pull back on big home projects. The results signal stress in discretionary spending and the housing‑linked retail cycle.
Kroger is closing three automated fulfillment centers and taking a large charge, refocusing on faster and cheaper delivery through partner tie‑ups. The move underlines the limits of automation at scale in grocery e‑commerce.
Toyota will invest nearly $1 billion to expand hybrid vehicle production in U.S. plants as automakers balance EV ambitions with near‑term demand for hybrids. The move underscores shifting product strategies across the industry.
EU regulators stepped up scrutiny of cloud giants, adding AWS and Azure to probe lists under the Digital Markets Act. The moves are part of a broader push to limit gatekeeper power in cloud and adtech.
Waymo is expanding fully autonomous robotaxi service to Miami and four more US cities, removing safety drivers as it scales. The launches mark a significant commercialization step for AV services.
Activist Elliott’s stake in Barrick and bullish gold forecasts reflect a shifting safe‑haven demand as central bank buying accelerates. Analysts see miners repricing amid macro uncertainty and higher metals prices.