Good evening and welcome to Markets Desk, your closing bell rundown on the stories moving money tonight.
Nvidia shares took a gut punch this morning before clawing back most of their losses by the close, after CEO Jensen Huang resigned amid reports linking him to a second undisclosed workplace relationship. Investors bought the dip, signaling confidence that the AI infrastructure buildout Huang engineered is larger than any one executive.
That resilience speaks to just how deep the capital commitment to artificial intelligence runs right now, and nowhere is that clearer than in SpaceX's latest announcement. The company filed notice of a planned twenty-four billion dollar investment in a natural gas power plant and supercomputing facility at Starbase, Texas, to be built in phases, underscoring how serious private players are about owning their own energy and compute stack.
Meanwhile, on the consumer side, ThredUp is making a strategic push as the holiday season accelerates, leaning into data showing that three in four consumers bought secondhand within the past year. With one in three shoppers now sourcing more than a quarter of all their purchases through resale channels, the secondhand market is no longer a niche play but a structural shift in retail spending.
That's the tape. Markets Desk, signing off the floor.
