Good evening, you're listening to Markets Desk.
Cathie Wood moved decisively this week, deploying forty-seven million dollars into Nvidia as the AI chipmaker shed more than nine percent in a broader technology selloff. It's a classic Wood playbook — treat volatility as a discount window, and back conviction with capital when others are heading for the exits.
Staying in semiconductors, Arm Holdings is navigating a meaningful supply squeeze as memory chip manufacturers redirect capacity toward AI data centers, leaving smartphone producers short. Counterpoint Research estimates that tighter NAND and DRAM supply could push handset component costs up fifteen percent or more, squeezing margins across the mobile supply chain at an already delicate moment for consumer hardware demand.
And on the automotive front, Tesla is pulling the plug on the Cybertruck after just three and a half years of production. The vehicle generated enormous cultural noise — from that infamous shattered window reveal to celebrity sightings and political protests — but noise never translated into volume. The Cybertruck will be remembered as a brand statement that the market ultimately declined to ratify.
That's the tape. Markets Desk, signing off the floor.
