Good evening, this is Markets Desk with your closing look at the stories moving the needle.
Nvidia's Jensen Huang is doubling down on the agentic AI shift, telling audiences his software engineers now prefer building agents over writing traditional code. Huang plans to mass-deploy agents across every division at Nvidia, framing the transition not as replacement but as role evolution — a distinction that matters as the labor conversation around AI intensifies across the industry.
Shifting to Meta, the company is committing more than thirteen billion Canadian dollars to build Canada's first AI-optimized data center. The announcement signals continued aggressive infrastructure spending from the hyperscalers, and comes even as Meta faces a separate headache — its Model Capability Initiative was quietly paused after an internal researcher placed employee keystroke data somewhere it was never supposed to land, raising fresh questions about internal data governance at one of the world's most powerful AI labs.
Meanwhile, Costco delivered a clean beat for June, reporting higher net sales and comparable store growth across every region. For a consumer bellwether of this size, broad-based regional strength is meaningful — it suggests the middle-income American consumer, Costco's core, is still spending with conviction despite persistent macro uncertainty.
That's the tape. Markets Desk, signing off the floor.
