Welcome back to Markets Desk, here's what's moving the needle right now.
Nvidia continues to draw serious attention from investors who fear they've already missed the trade. The company is rolling out its next generation of chips, and analysts argue the revenue runway ahead remains substantial. With AI infrastructure spending showing no signs of cooling, the bull case here rests on sustained enterprise demand rather than momentum alone.
Shifting to defense, President Trump is pushing for a three hundred fifty five ship Navy, backed by a proposed three hundred six billion dollar shipbuilding budget. That's a significant expansion ask, and it puts major defense contractors squarely in focus. The Pentagon has been vocal about modernization gaps, and a budget of that scale would represent one of the more aggressive naval investment proposals in recent memory.
And on the IPO front, the comparison between SpaceX and Anthropic is shaping up to be one of the more consequential allocation decisions investors may face. Both carry extraordinary private valuations, and both operate in sectors where growth trajectories are genuinely difficult to model. Alibaba's twenty five billion dollar raise long held the record, but either of these could eclipse it when they eventually come to market.
That's the tape. Markets Desk, signing off the floor.
