Market - US stock market closed slightly higher, supported by gains in financial stocks, with major indices rebounding after last week's decline [1] - Nvidia's stock rose 1.18% after announcing a long-term chip supply agreement with Meta, which will involve the sale of millions of chips [2] - Tesla's stock fell 1.63% amid concerns over its autonomous taxi operations, which have reported 14 accidents in 8 months [2] - Amazon's stock increased by 1.19%, ending a nine-day losing streak during which it lost over $450 billion in market value [3] - Meta expanded its collaboration with Nvidia, planning to use millions of AI chips in its data centers, marking a significant increase in their partnership [4] Macro - The US and Iran made progress in nuclear negotiations, with Iran's foreign minister stating that a general agreement on guiding principles was reached [5] - Oil prices fell due to news of progress in US-Iran nuclear talks, with WTI crude oil closing at $62.33 per barrel, down 0.89% [4] - The US residential builder confidence index dropped to a five-month low, reflecting ongoing affordability issues in the housing market [10] Company - Alphabet announced that its annual Google I/O developer conference will be held from May 19 to 20, where updates on AI products are expected [11] - Berkshire Hathaway reduced its stake in Apple, with the remaining value at $61.96 billion, while increasing its position in The New York Times [12] - Amazon's stock rebounded after a significant drop, attributed to concerns over its AI investment strategy [13] - Meta's partnership with Nvidia is expected to involve a financial scale of hundreds of billions, as they plan to deploy new AI chips in their data centers [14] - Ford revealed details about its new low-cost electric vehicle platform, with the first model being a mid-sized electric pickup priced around $30,000 [15]