Market Pulse: Fraud verdict, AI-chip hype, and oil tensions roil markets
TL;DR Summary
Stock futures were little changed after a record Monday as five overnight stories moved markets: Citron Research founder Andrew Left was found guilty of securities fraud; Nvidia CEO Jensen Huang pitched Marvell as the next $1T chip company amid AI infrastructure demand; Nvidia said it has secured enough supply to meet AI CPU/GPU demand; GE Vernova lost a bid to exit the Vineyard Wind project, keeping the dispute alive; and crude oil spiked on Iran-U.S. tensions before easing on assurances from President Trump, underscoring ongoing market volatility.
- AM Markets Need to Know: Oil prices, Andrew Left guilty of fraud, and more (SP500:) Seeking Alpha
- Andrew Left Found Guilty in Case That Spooked Short Sellers Yahoo Finance
- Short seller Andrew Left convicted of securities fraud AP News
- Prominent Short Seller Andrew Left Convicted of Fraud WSJ
- What a Short-Seller’s Conviction Might Mean for Wall St. The New York Times
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