Good afternoon and welcome to Markets Desk.
Chinese AI chipmaker Enflame stormed onto the Shanghai exchange today, surging over two hundred six percent on its debut. The company, known as one of China's four little dragons, is positioning itself as a domestic rival to Nvidia, and today's move signals that investor appetite for AI infrastructure plays remains fierce on both sides of the Pacific.
Speaking of Nvidia, CEO Jensen Huang used a public appearance to lay out his next big thesis: cybersecurity as AI's defining breakout application after coding. Huang pointed to the always-on nature of AI security systems as a structural advantage over human-staffed operations, and noted recent partnerships with CrowdStrike, Cisco, and Palantir as early evidence of that buildout taking shape.
Meanwhile, Ryanair's CEO is sounding the alarm on European budget travel. With crude oil now trading above one hundred dollars a barrel following supply disruptions tied to the Iran conflict, the carrier warns its fuel hedges, locked in through March twenty twenty seven, can only absorb so much. If oil stays elevated, cheap transatlantic fares could become a thing of the past.
That's the tape. Markets Desk, signing off the floor.
