On Monday, speaking at Nvidia Corp's GTC 2026 conference, CEO Jensen Huang said the company now sees $1 trillion in AI chip demand through 2027, a significant jump from the roughly $500 billion outlook shared just months ago. Don't Miss: AI Chip Demand Outlook Jumps To $1 Trillion The revised forecast reflects surging demand for Nvidia's next-generation platforms, including Blackwell and Vera Rubin, as companies ramp up spending on AI infrastructure. However, earlier in the day, it was reported that the ...

Group 1: Citigroup - Citigroup is planning an initial public offering (IPO) of its Mexican retail banking unit, Banco Nacional de México (Banamex), expected in 2026 [1] - The bank has agreed to sell a 49% stake in Banamex to investors, including Fernando Chico Pardo, prior to the full IPO on the Mexican Stock Exchange (BMV) [1] - Citigroup shares rose 0.2% to close at $105.69 on Friday [5] Group 2: Citibank - Citibank, N.A. announced plans to close all UAE branches except one due to threats from Iran [2] Group 3: Nvidia - Nvidia's next-generation Rubin AI GPU platform may face production delays due to supply constraints in next-generation memory [3] - The Rubin GPU platform is experiencing downward revisions to wafer starts due to lower-than-expected supply of next-generation HBM4 memory [3] - Nvidia shares fell 1.6% to settle at $180.25 on Friday [5] Group 4: Meta Platforms - Meta is reportedly considering layoffs that could impact up to one-fifth of its workforce as CEO Mark Zuckerberg increases spending on artificial intelligence and data center infrastructure [4] - Meta shares declined 3.8% to close at $613.71 [5]