01 Stock Market
The U.S. major indexes closed as follows: Dow Jones down 0.44% at 46,021.43; S&P 500 down 0.27% at 6,606.49; NASDAQ down 0.28% at 22,090.69. Moves were modest across the board, with large-cap tech and selective cyclicals seeing sharper swings than the benchmarks. Trading volumes clustered around mega-cap and semiconductor names.
Unusual-move stocks centered on semiconductors, mega-cap tech, and China ADRs. NVDA down 1.02% at $178.56; AMD up 2.91% at $205.27; MU down 3.78% at $444.27; INTC up 2.55% at $46.18; TSLA down 3.18% at $380.30; AAPL down 0.39% at $248.96; META down 1.46% at $606.70; China internet names weakened, with BABA down 7.09% at $124.90 and PDD down 3.27% at $97.43; foundry leader TSM down 0.23% at $338.79.
Precious-metals proxies slumped while a few AI-adjacent names advanced. GLD down 4.12% at $426.41; leveraged miners ETN GDXU down 17.91% at $158.05; silver trackers AGQ down 9.57% at $111.69 and SLV down 4.40% at $65.68. AI software name PLTR up 1.90% at $155.68; optical component maker LITE up 10.18% at $772.13; energy ETF USO down 3.54% at $117.36.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.80%, latest at 4.25%.
USD/CNH rose 0.12%, at 7.25; USD/HKD fell 0.01%, at 7.83.
U.S. Dollar Index fell 0.20%, at 103.40.
WTI crude futures fell 1.50%, at 94.13 USD/bbl;
03 Top News
Nvidia to sell 1 million chips to Amazon by end of 2027 in cloud deal
Nvidia will sell 1 million of its graphics processing unit chips, along with a host of the AI giant's other offerings, to Amazon.com's cloud computing unit by 2027, a Nvidia executive told Reuters on Thursday.
Nvidia and Amazon Web Services said this week that AWS had reached a deal to buy its 1 million GPUs but had not disclosed the precise timing of the deal. Ian Buck, vice president of hyperscale and high-performance computing at Nvidia, told Reuters on Thursday that the sales would start this year and extend through 2027.
FCC approves $3.5 billion sale of Tegna to Nexstar despite state objections
The Federal Communications Commission said on Thursday it approved the $3.54 billion sale of local television station owner Tegna to Nexstar, despite objections from Democratic-led states.
Acquiring Tegna would expand Nexstar's presence to cover 80% of U.S. TV households. The FCC said it is waiving a rule that allows broadcast television station owners to reach no more than 39% of U.S. television audience households as part of its approval.