Nvidia Pivots on OpenAI Stake as Geopolitical Tensions Propel Oil to August Highs

Key TakeawaysNvidia (NVDA) is nearing a $30 billion investment in OpenAI, a significant downscale from a previously discussed $100 billion commitment that remained unfinished.Global oil prices surged to their highest levels since August, with Brent crude nearing $72 per barrel as military tensions between the U.S. and Iran intensified near the Strait of Hormuz.HSBC Holdings PLC (HSBC) eliminated 10% of its U.S. debt capital markets staff as part of a broader $1.8 billion cost-saving initiative led by CEO Ge ...