Nvidia Secures Major Memory Deal with SK Hynix Amid Market Calm
Markets experienced relative calm over the weekend following a pause in hostilities between Iran and the U.S., which led to lower oil prices and higher stock levels. However, tensions persisted as Ukraine struck an Iranian cargo ship carrying military supplies, resulting in casualties and accusations from both sides. Meanwhile, legal challenges emerged against the Trump administration's new Section 301 tariffs imposed over forced-labor concerns. In a significant development for investors, Nvidia announced a potential $500 billion memory supply agreement with SK Hynix to address global shortages impacting its operations.
Topics: Middle East conflict Nvidia deal tariffs Ukraine-Iran tensions