Good afternoon and welcome to Markets Desk, your midday read on what's moving markets and why.
Nvidia just made one of the boldest capital return statements in corporate history, announcing a one hundred fifty billion dollar share buyback program running through January twenty twenty eight. That's not a defensive move — that's a company telling the market it believes its own valuation story, and doing it with real cash rather than forward guidance.
Shifting to the IPO pipeline, Anthropic is drawing serious attention ahead of an anticipated October debut that some analysts believe could rank among the largest public offerings ever. ETF managers are already positioning for inclusion, which means passive flows could amplify the stock's early price action significantly once it begins trading.
And Palantir continues its remarkable run, now up more than fifty percent since its last earnings report, driven by a ninety-three percent revenue growth rate that has investors asking whether a new all-time high is the next stop. The stock has moved from defense-adjacent niche player to a genuine AI infrastructure name, and the market is repricing that narrative in real time.
That's the tape. Markets Desk, signing off the floor.
