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It’s time for Yahoo Finance’s Market Minute.
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Stocks are rising as AI optimism returns to markets, the tech and utility sectors poised to close at fresh record highs.
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Chip stocks are rising today on another big AI deal. This time, Nvidia investing up to $2 billion into Elon Musk’s xAI, as the startup looks to raise 20 billion overall.
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Nvidia CEO Jensen Wang confirming the Bloomberg report in an interview on CNBC, saying, almost everything that Elon is part of, you really want to be part of as well.
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Equifax striking back against Fair Isaac, announcing a price cut for its Vantage score data, which is a competitor to Fair Isaac’s FICO score. This comes after Fair Isaac attempted to go around the three national credit bureaus and distribute its scores directly to mortgage lenders.
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Equifax shares rising with Fair Isaac’s down around 8%.
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And shares of satellite operator AST Space Mobile surging after signing a deal with Verizon to provide cellular broadband services across the US.
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And that’s your Yahoo Finance Market minute.