Welcome to Markets Desk, your morning read on what's moving money.
Tech is taking a hit this morning as Nasdaq futures slide two point three percent, dragged lower by earnings disappointment from Amazon, Intel, and Alphabet. The results have rattled confidence in the artificial intelligence trade, with S and P five hundred futures also off by one percent. It's a broad-based selloff, and the mood on the floor is cautious.
Pivoting to energy, Exxon, Chevron, and BP all posted forecast-beating earnings this quarter, and one chart from Exxon's investor presentation captures exactly why. Integrated oil majors have used cost discipline and downstream diversification to buffer against volatile crude prices, turning operational resilience into genuine shareholder returns.
Meanwhile, in the semiconductor space, Navitas is drawing attention as Nvidia pushes its data center architecture toward eight hundred volts. That voltage shift demands new power conversion technology, which is precisely where Navitas is positioning itself. With fresh product demonstrations and solid cash reserves, the company is making a credible case for a revenue growth comeback.
That's the tape. Markets Desk, signing off the floor.
