SpaceX is reportedly in discussions to secure a massive $40 billion loan to purchase Nvidia chips, marking one of the largest debt financings ever for artificial intelligence infrastructure. The move underscores the growing demand for advanced semiconductors as the tech industry ramps up AI capabilities.
Meanwhile, oil prices showed gains as traders assessed the dynamics in the Strait of Hormuz. Increased vessel traffic through the strategic waterway was countered by a rise in Iranian attacks on ships, creating a delicate balance in the global oil supply chain.
The Dutch government has announced plans to reduce its investment vehicle’s stake in ABN Amro Bank from 20.7% to 10.5%, a strategic shift aimed at adjusting its financial holdings in the banking sector. Marguerite Bérard, CEO of ABN Amro, was a guest on the program to discuss the developments.