Welcome to Markets Desk, your midday read on what's moving markets.
Nvidia remains the center of gravity this morning, with European traders caught between enthusiasm over the chipmaker's latest results and uncertainty surrounding ongoing U.S.-Iran negotiations. That geopolitical overhang is keeping sentiment cautious across the Atlantic, with major indexes seen opening in split territory as investors weigh AI-driven optimism against diplomatic unpredictability.
Staying in the semiconductor space, AMD is pushing forward with its next-generation EPYC server processor, codenamed Venice, now ramping production in Taiwan on TSMC's two-nanometer process. What's notable here is AMD's stated intention to bring future production to TSMC's Arizona facility, a direct alignment with domestic manufacturing priorities that will be watched closely by both investors and policymakers.
And on the immigration front, a Fortune report highlights the quiet but significant disruption hitting corporate America. Eighty percent of major companies have an immigrant in a top leadership role, and the Trump administration's tightening of visa requirements is forcing legal and HR teams to build contingency plans at speed. Apple and Google were already warning visa-holding employees as far back as December not to leave the country, underscoring just how operational this risk has become.
That's the tape. Markets Desk, signing off the floor.
