Morning Bid: Oil spoils tech tonic

Group 1: Technology Sector - Nvidia signed a multi-year deal with Meta Platforms to sell millions of AI chips, indicating strong demand and investment in AI technology [1] - Nvidia's revenue growth is heavily reliant on a few customers, with 61% of its revenue increase coming from just four clients [1] - The deal with Meta is expected to alleviate concerns regarding Nvidia's competition in the AI space [1] Group 2: Oil Market - Crude oil prices have surged by more than 4%, nearing yearly highs due to U.S.-Iran tensions and ongoing talks between Ukraine and Russia [1] - Rising oil prices have contributed to an increase in U.S. Treasury yields, reflecting market reactions to inflation and productivity concerns [1] - The oil market dynamics are influenced by geopolitical factors and economic indicators, such as U.S. industrial production showing the largest monthly rise in nearly a year [1] Group 3: Rare Earth Market - Prices for neodymium and praseodymium, essential for manufacturing strong magnets used in electric vehicles and defense, have increased by 41% in 2026 [1] - The price surge is attributed to rising demand and supply bottlenecks, surpassing a price floor set by the U.S. government for MP Materials [1] - The increase in rare earth prices benefits other companies in the sector, reducing reliance on China as the primary producer [1]