Nvidia Corp., facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to rely less on the giant data center operators that have fueled its runaway growth.

In a last-minute reversal, Samsung Electronics Co. reached a tentative deal with its labor union, averting a potentially crippling strike that had been scheduled to start Thursday at the world’s largest memory chipmaker.

Nvidia delivered a sales forecast of about $91 billion for the three months ending in July, but drew a lukewarm reaction from investors. Ed Ludlow breaks down the company's earnings. (Source: Bloomberg)

Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 7.3% stake in SpaceX, making him the second-largest holder after Musk himself that will earn the investor a giant windfall.

Kalshi Inc. raised an additional $200 million from two new investors, broadening a funding round that had already brought in $1 billion, according to a person familiar with the situation.

Gold was little changed as optimism over efforts to end the Middle East conflict eased bets on interest-rate hikes.

Moody’s Ratings cut Mexico’s credit score to the lowest tier of investment grade, citing the country’s weakening fiscal position and stoking concern Latin America’s second-largest economy is heading toward junk status.

Asian equities were set to climb Thursday after gains on Wall Street that reflected a constructive outlook for US-Iran talks. Nvidia Corp. shares whipsawed in a lukewarm response to its sales forecast.

SoftBank Group Corp.-backed digital infrastructure firm SB Energy Corp. plans to file a confidential draft registration statement for a proposed initial public offering in the US, the company said in a Wednesday statement.

The yuan’s continued strength is exerting pressure on Chinese exporters on a scale rarely seen in recent years, complicating Beijing’s efforts to manage the pace of currency gains.