Welcome to Markets Desk, your midday read on what's moving markets and money.
Nvidia shares climbed sharply in premarket trading after the chipmaker delivered another round of blockbuster quarterly results, reinforcing its dominance in artificial intelligence infrastructure. Goldman Sachs and Citigroup both raised their price targets, signaling Wall Street sees the run as far from finished.
Shifting to the banking sector, Royal Bank of Canada posted a stronger bottom line in its third quarter, with profit advancing year over year. The result adds to a growing picture of resilience among major North American lenders navigating a still-uncertain rate environment, and gives investors a cleaner read on Canadian financial health heading into year-end.
On the equity side, Bloom Energy has been drawing fresh attention after its valuation pulled back considerably from peak levels. One investor detailed why the long-awaited entry point finally made sense, citing a more reasonable price-to-growth ratio on a company whose solid oxide fuel cell technology remains a credible long-term play in the clean energy transition.
That's the tape. Markets Desk, signing off the floor.
