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[BUSINESS] · United States, Iraq, Iran, Czechia · 100 sources

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Nvidia and Intel lead AI market shifts amid Middle East energy tensions

Global markets are navigating a complex landscape shaped by artificial intelligence developments and geopolitical tensions in the Middle East. Nvidia has partnered with major financial institutions, including BlackRock and Goldman Sachs, to mobilize over $500 billion for AI infrastructure. Meanwhile, Intel is considering increasing its share offering to approximately $20 billion to support its AI-driven recovery, and Meta has released Muse Glimmer, a new open-weight model for agentic tasks.

Energy markets are reacting to instability in the Strait of Hormuz. Iraqi crude oil exports have significantly declined from 3.4 million barrels per day to between 1.5 million and 1.7 million barrels per day due to the waterway's closure. This has contributed to Brent crude trading above $88 per barrel.

In equity markets, J.P. Morgan has raised its S&P 500 year-end target to 8,000, citing AI momentum and strong earnings. However, investors remain cautious ahead of key U.S. inflation data and ongoing Middle East conflicts.

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Atlassian · Dow Jones Industrial Average · Federal Reserve · Intel · Iran · Iran · J.P. Morgan · Labor Department · Meta · Micron · Nasdaq · Nasdaq Composite

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