Jensen Huang clarifies details of the $50 billion financing plan, and NVIDIA's credit risk eases.

Jensen Huang stated that NVIDIA’s support in the $500 billion AI infrastructure financing initiative would be 'capped at no more than 25% of any single project,' positioning the company in a supplementary role. Analysts noted that this clarification alleviated some market uncertainty, as NVIDIA has brought in multiple parties and its own exposure is not as severe as investors initially feared. Following the announcement, NVIDIA’s bond spreads and credit default swap prices both narrowed.

wallstreetcn02:57

Express News | Apple Sees Another Executive Leadership Change as Payments and Wallet Services Head Bailey Announces Retirement

Jennifer Bailey, Apple’s long-time head of payments and wallet services, will retire after more than 20 years at the company, becoming the latest executive to depart amid a new wave of leadership changes at the iPhone maker. Eddy Cue, Apple’s head of services, announced Bailey’s departure, stating that Bailey, who has served as vice president of the business since the launch of Apple Pay in 2014, will leave in October. “Under Jennifer’s leadership, Apple Pay transformed how hundreds of millions of users pay,” Cue said in a memo. “We will announce a succession plan before Jennifer departs at the end of October, and she will continue to support the transition in an advisory capacity.”

Breakings02:42

Nvidia's Chip Boom Is Spreading: JPMorgan Says These 6 Stocks Could Ride It

NVIDIA Corp. (NASDAQ:NVDA) may still be the face of the artificial intelligence chip boom, but JPMorgan says the next phase of the semiconductor rally could spread much further across the industry.•

Benzinga02:35

Express News | Google: Gemini Monthly Active Users Exceed 1 Billion

Google CEO Pichai stated that the AI model Gemini has surpassed one billion monthly active users, making it the company's 'fastest-growing product in history.'

Breakings01:44

QUICK SPARK: NYC Mayor Mamdani Named Florida's 'Economic Developer of the Year'

Florida's business lobby is taking a very public shot at New York City leadership in Times Square to amplify its pitch that lower taxes are pulling jobs, companies and residents out of high-tax

Benzinga01:39

AI Job Apocalypse Debunked? BofA Presents Nuanced Data — And Warning Signs

A growing wave of AI-linked layoffs has yet to translate into widespread job destruction across the U.S. economy, according to Bank of America.Companies including Amazon.com (NASDAQ:AMZN), Meta

Benzinga01:38