Welcome to Markets Desk, here's what's moving the conversation today.
Equities closed sharply higher Wednesday, with the S&P five hundred gaining one point three one percent and the Nasdaq one hundred surging two point two eight percent, driven by renewed optimism around artificial intelligence demand. Tech led the charge as investors rotated back into growth names with conviction.
That AI enthusiasm comes with a real-world price tag. Anthropic just spent three point four billion dollars securing one point seven gigawatts of gas-generated power capacity — enough electricity to run over a million homes — underscoring that the AI buildout is not just a software story. It is an infrastructure and energy story, and the capital commitments are only getting larger.
Meanwhile, Nvidia finds itself managing a different kind of headline. CEO Jensen Huang acknowledged in an internal memo that he was unfaithful to his wife, with reports identifying Kimberly Powell, the company's vice president of healthcare, as the person involved. Powell has been with Nvidia since two thousand eight and is a senior figure inside the organization. Nvidia's stock still rallied with the broader market, suggesting investors are, for now, separating the personal from the professional.
That's the tape. Markets Desk, signing off the floor.
