Good evening, this is Markets Desk with your closing bell rundown.
Stocks finished solidly higher Thursday, with Nvidia's blowout earnings doing the heavy lifting. The Nasdaq one hundred led the charge, closing up one point four three percent, while the S&P five hundred gained nearly three quarters of a point. Tech broadly rallied as Nvidia's results reinforced confidence in AI infrastructure spending.
Speaking of AI infrastructure, OpenAI's custom chip codenamed Jalapeño is drawing serious attention — not because it's the most powerful chip on the market, but because it's the most efficient. It outperforms Nvidia's GB two hundred and GB three hundred in AI work per watt, and in an environment where power capacity is genuinely scarce, efficiency is the currency that actually buys you scale.
Meanwhile, on the policy front, the collapse of US-Canada trade talks last Friday is creating real fractures within the Republican party itself. Border state officials in Maine, Vermont, and Michigan — many of them Trump's own — are pushing back hard, with major regional employers warning that the prolonged dispute is doing measurable economic damage to communities that depend heavily on cross-border commerce.
That's the tape. Markets Desk, signing off the floor.
