Welcome to Markets Desk, here's what's moving the needle this hour.
Nvidia's Jensen Huang is facing a reckoning. The man who became the face of the AI hardware boom — presiding over a company that at its peak commanded nearly six trillion dollars in market value — is now watching that narrative crack under the weight of slowing data center commitments, export restrictions, and a market asking whether the infrastructure buildout got ahead of actual returns. The gospel of endless AI spending is meeting some hard arithmetic.
Speaking of infrastructure under pressure, the FAA triggered a nationwide ground stop Friday after a communications failure alarmed officials enough to activate the White House situation room and the national security apparatus. Thousands of flights were delayed or cancelled. Officials have not confirmed the cause, and the fact that the highest levels of government responded immediately tells you how seriously this was taken.
And in crypto, U S spot Bitcoin ETFs shed roughly one point five five billion dollars last week — the second consecutive week of billion-dollar outflows. Of fifteen fund categories tracked, only one, an Avalanche product, posted any inflow at all, a modest two hundred twenty-seven thousand dollars. Institutional appetite, at least for now, appears to be pulling back.
That's the tape. Markets Desk, signing off the floor.
