Senator Elizabeth Warren demanded today Nvidia export licenses be frozen until the company takes national security seriously. The $3.2T chip maker saw director Mark Stevens dump $38.5M worth of shares March 20 per recent filings. The political pressure came as Washington scrutinized AI chip flows to foreign buyers.
OpenAI closed an $850B valuation funding round backed by Wall Street giants. The mega raise underscored AI infrastructure momentum despite regulatory headwinds facing MSFT Microsoft and Nvidia.
Hedge fund Caxton Associates extended losses to $1.3B as Iran war volatility persisted. The London firm became a high profile victim of market chaos triggered by Middle East conflict entering week three. European markets closed higher today as Trump signaled potential Iran war de escalation.
Companies accelerated debt raising plans trying to exploit market rebounds. EA Electronic Arts saw investors snap up $55B in debt tied to its take private deal. The bond deals showed appetite for risky debt survived geopolitical tumult.
Gold tumbled for a third weekly drop despite safe haven expectations. Margin calls forced investor selling even as Iran war fallout endured. Turkey burned $30B in reserves supporting the lira as foreign investors fled during the crisis.
CAR Avis Budget SI exploded 10.7 points in three days hitting 67.4% of free float. The $4.1B rental car firm absorbed extreme pressure as cost to borrow held near 3%. Carlos Slim dumped $121M in PBF PBF Energy across nine transactions as crude volatility persisted.
Energy names grabbed analyst target hikes. APA APA consensus rose to $33.79 while OXY Occidental climbed to $58.42 as oil dynamics shifted.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
