Welcome to Markets Desk, here's what's moving the needle this morning.
Rich nations are sitting on untapped growth potential, and a sharp piece in the Financial Times argues that policymakers are too focused on industrial intervention while ignoring the fundamentals — land, labour, energy, and capital. The argument is simple and damning: governments are reaching for complex tools when the basic levers of productive growth remain stuck.
Shifting to technology, an AI chip stock that is not Nvidia and not Intel just secured massive supply agreements with three major hyperscalers, signaling that the infrastructure buildout behind agentic AI is broadening well beyond the usual names. Demand for high-performance CPUs is accelerating as AI workloads grow more autonomous and compute-intensive, and analysts suggest the valuation still has room to run.
And on a human note, an eleven-year-old in California used Microsoft Copilot to vibe-code his own video game inspired by a book he read in school — no formal instruction, just curiosity and iteration. His mother sees it not as a displacement of creativity but as proof that the right tools in young hands can amplify imagination rather than replace it.
That's the tape. Markets Desk, signing off the floor.
