Market Recap | SoftBank and Oracle Retreat on OpenAI Misses Amid NVIDIA’s ‘Nano’ Efficiency Breakthrough

The S&P 500, Nasdaq, and Dow Jones declined due to tech sector losses, particularly AI firms like Oracle and CoreWeave, amid reports of OpenAI missing targets, though OpenAI denied this. General Motors, Coca-Cola, Chevron, and ExxonMobil saw gains. BigBear.ai surged on defense AI demand, while Iren fell on target reduction and infrastructure spending concerns. Erasca plummeted after a patient fatality in a trial. Cryptocurrencies consolidated. Geopolitical tensions rose with Iran, leading to U.S. sanctions, while a Japanese supertanker transited the Strait of Hormuz. The Fed is expected to hold rates steady, facing stagflation debates. The Bank of Japan kept rates unchanged, raising its inflation outlook. SoftBank dropped on AI revenue misses. NVIDIA launched its Nemotron-3 Nano Omni model for AI agents.▶️ Download our app here:📌 Play Store: ⁠https://play.google.com/store/apps/details?id=com.tradingkey.mobile&hl=en⁠📌 App Store: ⁠https://apps.apple.com/us/app/tradingkey-stock-analysis/id6744304666📢 DISCLAIMERTradingKey provides general information on certain investment products. This information is not intended to constitute financial advice or a recommendation for any specific investment product.