Jensen Huang, CEO of Nvidia Corp., speaks during the CES 2026 event in Las Vegas, Nevada, United States, Tuesday, January 6, 2026.
Brigitte Bennett | Bloomberg | Getty Images
Advanced microdevices reported fourth quarter result Tuesday after the bell. The chipmaker beat Wall Street’s revenue and profit estimates, but its shares plunged more than 8% in extended trading as its guidance fell short of some expectations.
Main rival of AMD, Nvidiais faced with its own difficulties. CEO Jensen Huang told CNBC’s Jim Cramer on Tuesday that there was “no drama involved” between the company and OpenAI. “Everything is on track,” he added.
Huang was referring to Nvidia A $100 billion investment in OpenAIstruck in September, which is “on ice”, reported The Wall Street Journal Saturday. Nvidia shares fell more than 3.4% on Tuesday.
The main American indices also had a bad day. THE S&P500 lost 0.84% and the Dow Jones Industrial Average ended 0.34% lower – despite rising 0.5% earlier in the session to hit a new record high.
The heavy on technology Nasdaq Composite fell 1.43%, weighed down by software stocks, such as ServiceNow And Sales forcewith a drop of almost 7% in both cases – investors seem to be taking into account that artificial intelligence could decrease the value of these companies.
Asset companies with significant participations in the private credit market, such as Blue owl, Ares Management And KKRalso sank. The software industry accounts for about 20% of private loans made by direct lenders, according to iCapitalan alternative investment company.
There was at least one positive development overnight. US President Donald Trump signed a bill into law fund the federal governmentwhich had been on brief shutdown since Saturday morning.
For the day ahead, watch for PMI releases from Japan, China and India.
What you need to know todayxAI and SpaceX merger is the largest ever, with the agreement valuing the $1.25 trillion combined company. Breaking down the numbers, SpaceX is valued at $1 trillion and xAI is valued at $250 billion, according to documents viewed by CNBC.
Disney names Josh D’Amaro as next CEO. D’Amaro currently serves as president of Disney Experiences and will succeed Bob Iger on March 18 at Disney’s annual meeting.
Stephen Miran resigns from his post at the White House as chairman of the Council of Economic Advisers, CNBC confirmed. He had been on leave from this position since September 2025 – when he became a member of the Board of Governors of the Federal Reserve.
U.S. software and asset management stocks collapse, manage major indices down Tuesday. Bitcoin continued its descentbut spot the gold And silver stain recovered part of their losses. Europe Stoxx 600 increased by 0.1%.
[PRO] JPMorgan’s list of favorite stocks for February add a industrial building owner but removes some retailers. The Wall Street bank’s roster of analysts covers growth, income, value and short investing strategies.
And finally…Ray Dalio warns world is ‘on the brink’ of momentous war
Legendary investor Ray Galio warned on Tuesday that the world was “on the brink” of a capital war, amid simmering geopolitical tensions and volatile capital markets.
Speaking to CNBC Dan Murphy on stage at World Government Summit In Dubai, United Arab Emirates, Dalio said we are on the verge of entering a capital war – when money is weaponized using measures such as trade embargoes, blocking access to capital markets or using debt ownership as leverage.
He noted the recent escalation of tensions following pressure from the Trump administration to bring Greenland — a Danish territory — under the control of Washington.
— Chloe Taylor
