tech
CNBC Daily Open: Nvidia stars at Computex as markets hit records
AI momentum drove Wall Street to fresh records, even as conflicting U.S.-Iran signals and new tariff threats on Brazil kept geopolitical tensions in focus.
TL;DR
- The S&P 500 and Nikkei 225 reached new record highs, driven by AI momentum and tech conference news.
- Nvidia unveiled new PC processors with Microsoft at Computex, aiming to dominate the AI market.
- Goldman Sachs noted a shift to 'greed' mode among investors, anticipating a fundraising wave for AI firms.
- Geopolitical tensions remain high due to conflicting messages between the U.S. and Iran regarding negotiations and attacks.
- Disruptions in the Strait of Hormuz are keeping oil prices volatile.
- Voters in California participated in primary elections, with implications for the U.S. House of Representatives.
- The U.S. is reportedly considering expanding its nuclear weapons-hosting capabilities to more NATO nations.