Kalshi announced on Thursday a $1 billion Series F round, valuing the company at $22 billion. That's double the $11 billion valuation Kalshi nabbed just five months ago after raising a $1 billion Series E. This latest round was led by Coatue, with participation from Sequoia, Andreessen Horowitz, and Paradigm.
U.S. equity markets delivered a strong performance over the past week, supported by improving geopolitical sentiment and renewed investor confidence, with all major indices recording gains exceeding 3%.
Fueling upside, CEO Jensen Huang said there's "very high" demand for its H200 AI chips. He also said any H200 sales would be on top of the company's $500 billion two-year forecast that it shared last year. Plus, as we noted yesterday, "NVDA just announced the launch of its next-generation Vera Rubin superchip at CES 2026, "comprising six new chips designed to deliver one incredible AI supercomputer.
comprising six new chips designed to deliver one incredible AI supercomputer. NVIDIA Rubin sets a new standard for building, deploying, and securing the world's largest and most advanced AI systems at the lowest cost to accelerate mainstream AI adoption,
The Dow is down about 45 points, as the Nasdaq tacks on another 26 points. After yesterday's Micron-induced tech rally, Oracle ( NYSE: ORCL) is giving markets a boost. All on news TikTok agreed to sell its U.S. operations to a new joint venture that includes the oversold tech giant and private equity investors at Silver Lake. Shares of Oracle are up about $8.50 in premarket on the news.
After a slow start on Tuesday, all the major indices began to rally by noon and finished well in the green by the close. The initial downturn was sparked by news that Alphabet Inc. (NASDAQ: GOOG) was in talks with Meta Platforms Inc. ( NASDAQ: META) to sell them its custom AI chips. Google's own specialized chips, called Tensor Processing Units (TPUs), are optimized for AI and machine learning workloads and are typically used in its own data centers. NVIDIA Inc. ( NASDAQ: NVDA) was down almost 3% by the close on the news, which started the early selling, and while the rest of the indices recovered, the chip giant finished the day in the red.
Since the end of the pandemic, consumers have proved to be the backbone for the American economy-much to the surprise of some of Wall Street's biggest names. This underlying strength has pushed the U.S. stock market to record highs this year, with analysts pricing in continued growth of the S&P 500. But the ever-reliable consumer is beginning to look shaky, courtesy of an unpleasant mix of a stagnating jobs market and sticky inflation.
U.S. equity markets extended their upward momentum, with the S&P 500 Index posting its second consecutive weekly gain and closing out its ninth straight day in positive territory.
