Key Takeaways Renewed US-Iran tensions pushed Brent crude briefly above US$80 , reigniting concerns over global energy supplies. Despite geopolitical uncertainty, Wall Street avoided a sharp sell-off , suggesting investors believe the conflict remains manageable for now. Higher oil prices have revived expectations of a Federal Reserve rate hike , as markets worry about renewed inflation. Technology stocks remained relatively resilient , showing that AI continues to provide underlying support for equities. The next move in oil prices could determine whether market volatility returns. Market Insight When news broke that the US had launched fresh strikes on Iran , investors immediately rushed into the oil market. Brent crude briefly climbed above US$80 a barrel , as fears grew that escalating tensions could disrupt supplies through the Strait of Hormuz , one of the world's busiest energy shipping routes. Yet the reaction in equities was far more measured. Although the S...
Quick Summary Nvidia has halted talks to invest up to US$100 billion in OpenAI , according to WSJ Internal concerns at Nvidia reportedly stalled the deal Partnership may still continue at a much smaller scale Raises fresh questions about AI investment sustainability What Happened NVIDIA Corp has stopped negotiations on a planned US$100 billion investment in OpenAI , exposing a potential rift between two of the most influential players in artificial intelligence, the Wall Street Journal reported. The talks reportedly broke down after internal concerns emerged within Nvidia , prompting both sides to rethink the structure of their partnership. From Mega-Deal to Scaled-Back Option The original plan, announced in September via a letter of intent , envisioned: US$100B investment Construction of new AI data centres Up to 10 gigawatts of computing power — roughly equal to New York City’s peak electri...