A blockbuster earnings report from Nvidia failed to steady Wall Street, as U.S. futures slipped and AI stocks sold off again. Investors are questioning whether sky-high expectations around AI spending can still be met. At the same time, U.S.–Iran nuclear talks ended without a deal, keeping oil markets on edge amid geopolitical uncertainty. In corporate news, Jack Dorsey announced a sweeping restructuring at Block Inc., cutting 4,000 jobs in a major AI-driven overhaul.
Meanwhile, India is positioning itself at the center of the global AI race with a $2 billion infrastructure push, powered heavily by Nvidia GPUs. With OpenAI, Google, Microsoft, and Tata Group expanding aggressively, analysts say as much as $277 billion could flow into India’s data center ecosystem, signaling a major shift in the global AI power map.
