Welcome to Markets Desk, here's what's moving the needle right now.
Nvidia is the story dominating every screen on the floor today. Jensen Huang's resignation sent shares sliding from roughly two hundred thirteen dollars to under one hundred seventy four in under two weeks, a decline approaching twenty percent. Michael Burry, of Big Short fame, is telling bulls flatly to get out, warning that without Huang, growth slows and margins compress.
With Huang gone, attention turns immediately to who holds the ship steady. CFO Colette Kress, who helped architect Nvidia's transformation into the defining AI infrastructure company of this era, now faces her first major test within days. Meanwhile, the incoming chairman has served on Nvidia's board since nineteen ninety three but owns just a fraction of a percent of the company.
Shifting macro, a tanker carrying roughly two hundred twenty four thousand barrels of Russian-origin diesel is sitting idle in the Atlantic, nearly five hundred miles off New York, after a White House effort to redirect that fuel to American ports appears to have stalled. The episode underscores how energy supply politics can quietly complicate domestic fuel markets with little public fanfare.
That's the tape. Markets Desk, signing off the floor.
