Shares of Salesforce slid nearly 7% in premarket trading on Thursday after the cloud software provider issued a softer-than-expected third-quarter revenue forecast, raising fresh concerns about when its large investments in artificial intelligence will start to deliver financial returns.

The stock drop came despite stronger-than-expected second-quarter earnings and an expanded $20 billion share buyback program, underscoring investor unease over slowing growth.

Salesforce projected revenue between $10.24 billion and $10.29 billion for the third quarter, with the midpoint falling short of Wall Street expectations of $10.29 billion, according to data from LSEG.

The muted outlook suggested that businesses remain cautious with IT spending amid broader economic uncertainty, even as companies race to deploy AI tools.

“Overall, there’s a sense of frustration in the market,” said Melissa Otto, head of research at S&P Global Visible Alpha.

CRM stock falls despite earnings beat

For the quarter ended August 2, Salesforce posted revenue of $10.24 billion, up 10% from a year earlier and above analysts’ forecasts of $10.14 billion.

Subscription and support sales grew 11%. Net income rose to $1.89 billion, or $1.96 per share, from $1.43 billion, or $1.47 per share, a year earlier.

Adjusted earnings per share came in at $2.91, topping analyst estimates of $2.78, according to FactSet.

Salesforce reaffirmed full-year revenue guidance of $41.1 billion to $41.3 billion and forecast adjusted earnings per share between $11.33 and $11.37, broadly in line with expectations.

Agentforce adoption raises questions

The company has rapidly integrated AI into its cloud platforms, led by its flagship Agentforce assistant, launched in October 2024.

Salesforce said more than 12,500 Agentforce deals had been signed since launch, with about 6,000 converting to paid customers.

But some analysts noted that competition from AI-native applications and custom-built systems could limit Salesforce’s pricing power.

On an earnings call, Chief Operating and Financial Officer Robin Washington stressed the company was “doubling down on innovation” and remained confident in its ability to monetise AI over time.

“It is early days in the adoption cycle, but we are really confident in our strategy to monetise AI,” she said.

Buybacks and acquisitions in focus

Alongside its results, Salesforce raised its share buyback authorisation by $20 billion, bringing the total to $50 billion.

Chief Executive Marc Benioff signalled that the company would continue pursuing acquisitions to expand its product lineup and strengthen margins.

“If we see great entrepreneurs or great technology or something that just blows our mind, we’re going to buy it,” Benioff said.

In May, Salesforce acquired data management platform Informatica for about $8 billion, marking a return to large-scale dealmaking after a period of restraint.

Valuation and market reaction

Even after the selloff, Salesforce trades at about 21 times forward 12-month earnings, below Microsoft’s 31 times and Oracle’s 31 times, according to LSEG.

Some analysts said the valuation discount leaves room for upside if AI-driven growth accelerates.

“Second-quarter results and positive company commentary are sufficient at this juncture, considering CRM shares are trading near a historically low valuation level and deep discount to software peers,” JP Morgan analysts wrote, while lowering their price target to $365 from $380.

Still, with shares down roughly 24% so far this year, investors remain cautious.

As JP Morgan noted, “Growth has not inflected yet and investors are thus not seeing an imminent need to revise their thought process.”

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Most major commodities were in the red on Thursday, with oil extending its 2% decline from the previous session.

Gold and silver prices also fell after a sharp rally over the last few trading sessions.

Among industrial metals, copper also extended its losses from Wednesday as the red metal struggled to break out.

Oil prices extend losses

On Thursday, oil prices continued their downward trend, following a more than 2% drop in the previous session.

This decline occurred as investors anticipated the upcoming OPEC+ meeting, where producers are expected to discuss a further increase in output targets.

The Organization of the Petroleum Exporting Countries and allies’ eight oil-producing nations plan to discuss potential production increases for October at a meeting this Sunday.

The group aims to regain market share by producing more oil.

According to PVM analyst Tamas Varga, an OPEC+ production increase would strongly indicate that reclaiming market share is prioritized over supporting prices.

OPEC+ previously committed to increasing output targets by approximately 2.2 million barrels per day between April and September. This was in addition to a 300,000 bpd quota increase specifically allocated to the United Arab Emirates.

Middle Eastern oil prices have been the strongest globally in recent months, even with accelerated production increases.

This trend, as per a Haitong Securities report, has strengthened the resolve of Saudi Arabia and other OPEC members to raise output.

US macroeconomic data also weighed on prices, with July’s job openings hitting a 10-month low. This signals an easing labor market, which supports expectations of a Federal Reserve interest rate cut this month.

Additionally, US crude stockpile data, typically released on Wednesdays, is anticipated on Thursday this week due to Monday’s US holiday.

Markets are keenly awaiting this government report to assess demand strength from the world’s largest oil consumer.

Gold prices retreat

Gold prices fell on Thursday but remained near $3,600 per ounce.

Gold prices experienced a dip due to some profit-taking after reaching record highs, as the dollar stabilised.

Investors are currently awaiting further indicators on the US labor market and potential interest rate cuts, which are expected in the coming days.

Gold finally broke above the $3,450 resistance level at the beginning of this week, a barrier it had faced since early May. Monday’s breakthrough continued the upward trend that started in late August.

“Prices have risen steadily ever since, lifting the daily MACD off neutral levels, although it is still far from being overbought,” said David Morrison, senior market analyst at Trade Nation.

Despite this, gold may have to pull back from recent highs before it can resume its strong rally.

Gold demand increased due to uncertainty surrounding US trade tariffs after an appeals court deemed most of President Donald Trump’s tariffs illegal.

Trump announced his intention to appeal the decision to the Supreme Court, stating that any ruling against his tariffs would negatively impact recent trade agreements.

Concerns about the Federal Reserve’s independence persisted amidst a legal dispute over Trump’s efforts to dismiss Fed Governor Lisa Cook.

However, these concerns were somewhat alleviated when Stephen Miran, Trump’s nominee for Fed Governor, pledged to uphold the central bank’s political independence.

Silver, copper slide

Silver experienced a notable pullback overnight, retracting below the $41 mark after reaching a fresh fourteen-year high on Wednesday.

This recent movement signals a temporary halt in its otherwise robust rally that has captivated market attention.

Despite this brief slip, the precious metal continues its upward trajectory, steadily narrowing the gap towards its all-time peak, which stands just shy of $50 per ounce, achieved in April 2011.

Benchmark copper futures on the London Metal Exchange dropped 1% to $9,887.05 per ton, pulling back from a nearly six-month high reached earlier this week.

Meanwhile, COMEX copper futures also saw a decline, falling 1.1% to $4.5685 per pound.

This week, copper prices surged on the back of growing speculation that China, the world’s largest importer, would introduce further stimulus measures to boost its domestic economic growth.

Such a move is anticipated to increase the country’s demand for copper.

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Dow futures were up about 58 points on Thursday, trading near 45,350.00, showing a bit of cautious optimism ahead of key labor market data.

S&P 500 futures ticked higher by 15 points to around 6,471, while Nasdaq futures added roughly 70 points to 23,645.

Moves were mixed across the board, with the mini contracts mirroring those levels. Overall sentiment stayed muted as traders waited on private payrolls and tomorrow’s nonfarm jobs report.

Expectations for a Fed rate cut this month are keeping the bias slightly bullish, but most investors are still holding back until the numbers hit.

5 things to know before Wall Street opens

1. Heading into Thursday’s session, sentiment stayed cautious with traders waiting on fresh labor market data, including private payrolls and services numbers.

Wall Street’s mood is being pulled in two directions with optimism around mega-cap names like Apple and Alphabet on one side, and worries over weak guidance from Salesforce plus choppy retail earnings on the other.

The data will be key in shaping expectations for Fed rate cuts, which most still see happening this month. For now, positioning looks measured, with everyone bracing for numbers that could tilt the market either way.

2. In premarket trading, American Eagle Outfitters is a top gainer, surging by about 23% following an upbeat sales forecast and strong performance linked to celebrity partnerships.

Conversely, Salesforce is under pressure, down 6.6%, as weak revenue guidance raises doubts about the monetization of its AI enterprise offerings.

Figma’s shares plunged over 15% after a disappointing first earnings report post-IPO, highlighting ongoing volatility in the tech sector.

AI-related stocks such as Credo Technology are receiving positive momentum based on increased demand for AI infrastructure.

3. Technical readouts on the major US indices paint a mixed, cautious picture.

The Nasdaq 100 and S&P 500 are still holding above key support zones and trying to claw back their 50-day moving averages, but those levels remain tough resistance for any sustained rally.

Momentum gauges point more toward consolidation, with the risk of choppier moves depending on how the next batch of economic data lands.

4. Global signals are sending a mixed message this morning. Asian markets were uneven, while Europe traded a bit firmer.

Oil’s been under some pressure, and both gold and Treasury yields are showing the kind of cautious positioning you’d expect with geopolitical tensions in the background.

All of that feeds into a fragile balance shaping Wall Street’s early mood. The macro backdrop just adds another layer for traders to weigh as they line up US data against the bigger global picture.

5. Earnings season is still steering a lot of the market’s mood. On deck today are reports from names like VersaBank, Ciena, and G-III Apparel Group, with expectations all over the place.

Any surprises or shifts in forward guidance could easily stir up volatility. Investors are keeping a close watch, since corporate results remain a big tell on changing consumer demand and fast-moving tech trends.

These updates will feed straight into how Wall Street is reading sector strength or weakness, and by extension, the broader market tone.

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Figma stock tanked 15% as post-IPO shine dimmed fast. After its blockbuster debut back in July, the design software firm took a heavy hit on Thursday when second-quarter earnings came in below lofty expectations.

Revenue growth was solid, but not enough to satisfy the hype, and the stock tumbled more than 15% in premarket trade, wiping away much of the early enthusiasm.

It’s a reality check for investors, as the market starts to rethink Figma’s valuation in what’s already a shaky tech environment.

Figma stock: Earnings highlight growth but not enough to satisfy investors

Figma’s Q2 numbers looked solid on paper as revenue was up 41% year-over-year to $249.6 million, a touch above the $248.8 million analysts were looking for.

Adjusted EPS landed at $0.09, just a cent better than forecasts. But even with that momentum, the results weren’t enough to keep the post-IPO rally alive.

Figma stock has now slid more than 50% from its early peak, with the market cap down about $5 billion from Wednesday’s $33.2 billion close.

The experts are also pointing towards the end of the employee lock-up period, which could flood the market with more shares, adding to the selling pressure.

With just 41% of shares currently in the float, liquidity is thin, which makes the stock especially prone to big price swings. On top of that, Figma’s valuation looks stretched as its P/E is sitting near 299 times projected earnings, miles above established rivals like Adobe.

That kind of premium only works if growth keeps exceeding expectations, and investors are starting to question if it can.

What analysts say?

Piper Sandler’s analyst summed it up by saying the recent swings suggest volatility is likely to stick around in the near term.

The analyst suggested investors could look for chances to add on weakness but cautioned that the market is still wrestling with Figma’s rich valuation and growth outlook.

Others in the industry point out the tougher road ahead as Figma still has to prove it can turn strong growth into lasting profitability while layering in AI tools and navigating pricing pressures in a crowded design software space.

Even with the recent stumble, a lot of analysts are still upbeat on Figma’s longer-term story, pointing to its expanding lineup of products and a steadily growing customer base.

That said, they warn investors should expect more bumps along the way as the company works through the shift from high-growth startup to a steadier public player.

The next few quarters will be key as Figma has to prove it can live up to the lofty IPO valuation while facing tighter scrutiny and a changing market backdrop.

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Kraft Heinz Co (NASDAQ: KHC) is sinking this morning after announcing plans of a “split” that unwinds much of the mega-merger that legendary investor Warren Buffett engineered in 2015.

Naturally, the “Oracle of Omaha” is disappointed in the management’s decision. His conglomerate holding firm, Berkshire Hathaway, is currently the largest KHC shareholder with a 27.5% stake in the multinational food giant.

Including today’s decline, Kraft Heinz stock is down nearly 20% versus its year-to-date high.

Why Kraft Heinz split isn’t sitting well with Buffett

Buffett’s disapproval stems from a broader philosophical stance on long-term value creation.

In an interview with CNBC this morning, the influential investor agreed that Kraft Heinz merger didn’t live up to expectations, but said dismantling the company won’t necessarily solve its issues either.

“You don’t fix a mistake by making another one,” he implied. According to Buffett, the announced split signals a reactive strategy rather than a thoughtful turnaround.

He’s held Kraft Heinz shares since the merger, never trimming Berkshire’s stake, which makes the split feel like a repudiation of the original vision.

Buffett successor, Greg Abel, reportedly echoed the sentiment as well, expressing disappointment directly to Kraft Heinz leadership on Tuesday.

Why Kraft Heinz decided in favour of a split

Kraft Heinz’s decision to split its business into separate consumer and foodservice units reflects mounting pressure to unlock shareholder value and improve operational focus.

Such a move, it believes, could help streamline management, reduce complexity, and allow each segment to pursue tailored growth strategies.

The packaged food industry has faced headwinds from changing consumer preferences, inflationary pressures, and margin compression.

By separating its brands and distribution channels, Kraft Heinz hopes to become more agile and responsive.

While the company hasn’t detailed the full mechanics of the split, executives argue that the Kraft Heinz split will “better position each business for long-term success” – a claim that remains to be tested, though.

Should you invest in Kraft Heinz stock today?

Kraft Heinz split may offer short-term trading opportunities, but long-term investors should tread carefully.

Buffett’s skepticism isn’t just sentimental – it reflects concerns surrounding execution risk, brand dilution, and whether the split will truly unlock value.

Kraft Heinz still faces stiff competition, evolving consumer tastes, and margin pressures. While the breakup could lead to leaner operations, it also introduces uncertainty around leadership, strategy, and capital allocation.

For now, KHC shares remain under scrutiny. Investors should watch for clarity on the split’s structure, financial impact, and whether either entity can deliver sustainable growth. Until then, Kraft Heinz may be more of a wait-and-see than a buy-and-hold.

That said, Kraft Heinz stock does currently pay a rather lucrative dividend yield of more than 6.0%, which makes it appealing to income-focused investors as a long-term holding.

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Alphabet Inc. may not often be mentioned in the same breath as Nvidia when it comes to semiconductors, but analysts at D.A. Davidson argue the Google parent company could be a formidable domestic rival in the artificial intelligence (AI) accelerator market.

The firm suggests that Alphabet’s growing tensor processing unit (TPU) business, combined with its DeepMind AI research arm, could be worth as much as $900 billion if spun off — a significant increase from the $717 billion valuation it had estimated earlier this year.

TPUs gaining momentum in AI development

According to D.A. Davidson analysts led by Gil Luria, Google’s custom-designed TPUs are attracting growing attention from researchers and engineers working at frontier AI labs.

The firm noted “positive sentiment” around these accelerators, which are purpose-built for machine learning and AI workloads.

Google’s sixth-generation Trillium TPUs, which were made widely available in December, are already in high demand.

The upcoming seventh-generation Ironwood TPUs, designed specifically for large-scale inference — the process of running AI models after training — are expected to further accelerate adoption.

Performance metrics highlight their appeal: TPUs can scale up to 42.5 exaflops and are benefitting from improvements in high-bandwidth memory capacity.

Analysts also noted the cost efficiency of the chips, which is driving adoption beyond Google’s internal infrastructure.

Partnerships and competitive position

Alphabet has so far partnered exclusively with Broadcom Inc. for its TPU production.

However, reports suggest the company is exploring a collaboration with Taiwan-based MediaTek Inc. for its Ironwood generation.

Proximity to Taiwan Semiconductor Manufacturing Co., coupled with MediaTek’s ability to provide chips at lower costs, is seen as a key motivation behind the potential shift.

Meanwhile, notable AI firms are increasingly adopting TPUs.

Startup Anthropic has been hiring TPU kernel engineers, signaling potential diversification away from Amazon Web Services’ Trainium chips, despite AWS’s $8 billion investment in the company.

Elon Musk’s xAI has also shown interest, driven by improvements in JAX-TPU tooling that make the ecosystem more accessible outside Google’s internal environment.

JAX, developed by Google, is a numerical-computing library in Python designed for high-performance applications.

D.A. Davidson’s data points to rising traction: developer activity around TPUs on Google Cloud grew nearly 96% between February and August, based on the firm’s DaVinci Developer Dataset.

Valuation and analyst outlook

Despite acknowledging Alphabet’s underappreciated position in AI semiconductors, D.A. Davidson analysts remain cautious on the likelihood of a near-term spinoff.

They argue that a “big-bang breakup” of Google could unlock shareholder value, but view such a move as unlikely in the current environment.

Absent a structural separation, Alphabet’s TPU and DeepMind operations remain embedded within its broader portfolio, which analysts believe leaves the business “well-undervalued.”

Still, D.A. Davidson raised its price target on Google shares to $190 while maintaining a neutral rating.

For now, Nvidia continues to dominate headlines and market share in AI hardware.

But as demand for large-scale inference and cost-efficient accelerators grows, Alphabet’s TPUs may represent a quietly emerging alternative for investors and AI developers alike.

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A turbulent day across Europe brought fresh inflation data from the euro area, another leadership crisis at Nestlé, a sharp warning from UK bond markets, and a broad sell-off across the continent’s equities.

Here is a look at the biggest news events that made headlines across the continent.

Euro-area inflation edges up, ECB pause likely

Eurostat figures released Tuesday showed euro-area inflation climbing to 2.1% in August, up slightly from 2% in July.

The modest uptick reinforced expectations that the European Central Bank will keep interest rates unchanged when policymakers meet on September 11.

Core inflation, which strips out volatile food and energy prices, held steady at 2.3%, while services inflation eased to 3.1%.

The numbers suggest headline inflation remains only marginally above the ECB’s 2% target, giving officials cover to extend their current pause on rate changes.

Still, uncertainty lingers over the timing of future cuts, with investors divided over whether stubborn price pressures will fade quickly enough.

Nestlé ousts chief executive after internal probe

Swiss food and beverage giant Nestlé was plunged into another leadership crisis after dismissing Chief Executive Laurent Freixe following an internal probe into an undisclosed relationship with a subordinate.

The affair was found to have breached the company’s code of business conduct, prompting his immediate removal late on Monday.

Shares fell nearly 3% at the open before recovering some ground, trading 1.5% lower by mid-morning.

The abrupt ouster marks Nestlé’s second chief executive change in just over a year, fuelling concerns over stability at the Vevey-based group.

Freixe, appointed only last year, oversaw a further 17% decline in Nestlé’s share price, compounding a slump that has wiped nearly a third of the company’s market value over the past five years.

Philipp Navratil, head of the Nespresso business and a Nestlé veteran, has been named as his replacement.

UK bond market delivers painful warning

In Britain, borrowing costs surged to levels not seen in decades, intensifying fiscal headaches for Prime Minister Keir Starmer’s government.

Yields on 30-year gilts jumped to 5.67% — the highest since 1998 — while 10-year yields hit 4.78%.

The pound weakened in response, signalling growing unease among investors about the UK’s fiscal position.

The spike in yields is part of a broader global sell-off but carries particular significance for Chancellor of the Exchequer Rachel Reeves, who now faces mounting pressure to stabilise public finances ahead of the autumn budget.

The government’s credibility has already been dented by a recent U-turn on welfare reforms, underscoring political fragility at a sensitive moment.

European stocks suffer steepest losses in a month

The bond market turmoil spilt into equities, with European shares posting their worst day since early August.

The Stoxx 600 closed down 1.47%, Germany’s DAX slid 2.2%, and travel and technology stocks were among the hardest hit, falling 3% and 2.7% respectively.

The rout reflected a global rise in yields, exacerbated by a US court ruling that most of Donald Trump’s tariffs were illegal, rattling Treasury markets.

In France, 30-year yields climbed to their highest since 2009, with investors watching next week’s no-confidence vote that could topple the government over budget disputes.

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US markets opened September on shaky footing, rattled by a mix of tariff uncertainty, weak factory data, and a string of corporate headlines. Stocks drifted lower, Treasuries sold off, and the VIX- Wall Street’s so-called fear gauge jumped higher.

Among the movers, Kraft Heinz shook investors with plans to split the company in two, Elon Musk doubled down on Tesla’s humanoid robot vision, and the manufacturing sector continued to shrink, adding to worries about the broader economy.

A glance at the biggest stories capturing attention today.

Tariff uncertainty weighs on markets

US stocks slipped to their lowest levels in over a week on Tuesday, with tariff headlines once again clouding the outlook.

A split appeals court said most of Donald Trump’s global tariffs were unlawful but kept them in place for now, at least until mid-October while the administration appeals to the Supreme Court.

For traders, that means more uncertainty on trade policy, and it showed up quickly in sentiment.

Treasuries sold off as well. Yields on longer-dated bonds pushed higher, with the 30-year flirting with 5%, a level that makes equities harder to justify.

The VIX, Wall Street’s so-called fear gauge, popped to a three-week high.

Big tech took the hardest hit. Nvidia, Apple and Microsoft all traded lower, dragging the Nasdaq with them. More defensive names did better, with PepsiCo gaining after news of activist investor interest.

Attention now turns to the August jobs report later this week, a key input for the Fed as investors handicap the odds of rate cuts this fall.

For now, September is off to a shaky start, with politics and policy adding another layer of risk to an already uneasy market. Read full report here

Kraft Heinz splits after merger strains

Kraft Heinz is undoing its blockbuster 2015 merger, announcing plans to break into two separate publicly traded companies.

One business will house the faster-growing lines like sauces, spreads and boxed meals, anchored by brands like Heinz ketchup and Kraft Mac & Cheese.

The other will be built around grocery staples, including Oscar Mayer meats and Lunchables.

The company says the split, expected to be completed in the back half of 2026, should sharpen focus and free up resources for each side of the portfolio. Investors weren’t convinced: shares fell more than 5% after the announcement. Read full report here

Musk bets Tesla on robots

Elon Musk is once again betting big on Tesla’s future and this time, it’s not about cars. Musk said he expects the company’s humanoid robot, Optimus, to account for as much as 80% of Tesla’s value in the years ahead.

Speaking on X, Musk stressed that while Tesla remains centered on electric vehicles today, its long-term growth story hinges on the Optimus program.

The robot is being built to handle a wide range of tasks, from factory work inside Tesla’s plants to jobs across other industries. Production is slated to begin in 2026, with thousands of units expected to roll out.

Musk has described Optimus as a breakthrough product that could eventually eclipse the car business altogether, reshaping how labor and productivity are measured. Read full report here

US manufacturing growth remains elusive

US manufacturing shrank again in August, the sixth straight month of contraction, the ISM said Tuesday. The headline PMI came in at 48.7, a touch better than July’s 48.0 but still stuck below the 50 line that marks growth.

Some components showed life. New orders rose to 51.4, suggesting demand is holding up, but production slipped back to 47.8. Hiring remained weak, though the pace of job cuts slowed.

Companies in the survey repeatedly flagged tariffs as a problem, pushing up costs and complicating supply chains.

So while orders offer a bit of optimism, the broader picture for factories remains tough, with trade pressures continuing to bite. Read full report here

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US markets faced a wave of significant developments on Tuesday, spanning manufacturing data, corporate restructuring, and trade policy.

Here are the important US headlines of the day:

Manufacturing activity contracts again in August

US manufacturing activity contracted for the sixth consecutive month in August, underscoring ongoing challenges for factories facing import tariffs and weak demand.

According to the Institute for Supply Management (ISM), the manufacturing Purchasing Managers’ Index (PMI) inched up to 48.7 from 48.0 in July.

While the reading remains below the 50 threshold that signals contraction, the data suggested a slight moderation in the pace of decline.

Economists surveyed by Reuters had projected a PMI of 49.0, highlighting the weaker-than-expected recovery. Manufacturing currently represents 10.2% of the US economy.

Kraft Heinz to split into two companies

Packaged foods giant Kraft Heinz announced plans to split into two separate publicly traded companies, nearly a decade after its $45 billion merger.

The move aims to streamline operations and address persistent underperformance in recent years.

One division will focus on sauces, spreads, and seasonings under brands such as Heinz, Philadelphia, and Kraft Mac & Cheese, generating about $15.4 billion in sales in 2024. The other company, tentatively named North American Grocery Co, will oversee grocery staples such as Oscar Mayer and Kraft Singles, with $10.4 billion in annual sales.

Warren Buffett, whose Berkshire Hathaway holds a 27.5% stake in Kraft Heinz, expressed disappointment with the decision to split the company.

“You don’t fix a mistake by making another one,” he suggested, framing the move as reactive rather than a strategic turnaround. Kraft Heinz shares have fallen nearly 15% from their year-to-date high, and the stock slumped 6% lower following Tuesday’s announcement.

Klarna revives IPO plans in New York

Swedish fintech giant Klarna Group Plc revived plans for a New York initial public offering, seeking to raise as much as $1.27 billion.

The company intends to sell 34.3 million shares at $35 to $37 each, targeting a valuation of roughly $14 billion.

The IPO follows a previously postponed attempt earlier this year due to market volatility.

Klarna, best known for its buy now, pay later (BNPL) services, had seen its valuation peak at $46.5 billion during the pandemic before settling at current levels.

With 111 million active users across 26 countries, Klarna aims to position itself as more than a lender by expanding into lifestyle services alongside its retail partners.

Trump seeks Supreme Court review on tariffs

President Donald Trump said his administration will seek an expedited Supreme Court ruling to overturn a federal appeals court decision that many of his tariffs were unlawfully imposed.

Trump argued that removing the tariffs would be “a devastation” for the country, while judges have allowed the levies to remain in place pending further litigation.

The president’s remarks come after the US Court of Appeals for the Federal Circuit ruled Friday that Trump wrongly used an emergency law to impose reciprocal tariffs on trading partners, as well as tariffs on China, Canada, and Mexico, citing fentanyl trafficking.

US stocks decline as yields climb

US equities traded lower on Tuesday, weighed by renewed tariff uncertainty and rising bond yields.

The Dow Jones Industrial Average fell 249.07 points, or 0.55%, while the S&P 500 dropped 0.69% and the Nasdaq Composite slid 0.82%.

The declines marked the tech-heavy Nasdaq’s first consecutive 1% drop since April, with major technology stocks such as Nvidia, Amazon, and Apple retreating.

Treasury yields also surged, with the 10-year note climbing to 4.27% and the 30-year yield topping 4.97%.

Bond Investors were concerned that the appeals court decision to overturn tariffs could lead to the US government paying back the revenue they collected through tariffs, which would worsen the government’s funding pressures.

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Nvidia stock (NASDAQ: NVDA) took a beating on Tuesday, falling below a key support level and wiping out roughly $340 billion in market value.

Investors are clearly jittery as tech in general has been shaky, and Nvidia’s run this year, which felt unstoppable, suddenly looks more fragile.

A week ago, everyone was talking about it as a top performer; today, the mood has shifted fast. No one’s claiming this is the end for the chipmaker, but it’s a sharp reminder that the market can turn on a dime.

Nvidia stock: Breaking below key technical levels

Nvidia stock had been flying high in mid-August, hitting new peaks, but lately the stock’s been taking it on the chin.

By September 2, it was hovering around $174, down over 6% from that $183 high just a couple of weeks back.

The drop pushed it under the 50-day moving average, a number traders obsess over (and for good reason).

Crossing that line usually sets off warning lights for some folks, suggesting the stock might drift lower or just hang around sideways for a bit.

Trading volume spiked on the sell-off, showing that a lot of investors were moving around fast.

Market chatter points to a broader tech slump as folks are worried about slowing semiconductor demand and the cyclical swings in Nvidia’s core GPU business, especially in gaming and data centers.

On top of that, some analysts are nervous that the AI-driven frenzy that fueled Nvidia’s rally earlier this year might be starting to cool off.

What analysts say?

Analysts are starting to get cautious after Nvidia stock sudden drop.

Morgan Stanley, for example, just moved the stock from “overweight” to “equal weight,” pointing to growing uncertainty around AI-driven sales and some inventory adjustments in the semiconductor supply chain.

The bank says the recent pullback looks like the stock hitting a valuation ceiling, prompting growth investors to take some profits off the table.

JPMorgan is sounding similar notes, flagging supply-demand mismatches and broader macro pressures as short-term but meaningful headwinds.

The bank expects Nvidia’s data center revenues could ease in the coming quarters as AI infrastructure spending starts to plateau.

Still, analysts are keeping a long-term positive view, pointing to Nvidia’s tech edge and diverse product lineup as buffers that could help the company ride out near-term volatility and cyclic swings, setting the stage for a potential rebound in valuation down the line.

A few technical analysts are flagging the break below $175 as a signal for investors to stay alert as there could be more downside, or the stock might stabilize if it finds support around $165–$170.

Nvidia has bounced back from short-term pullbacks before, but right now the backdrop isn’t exactly friendly: interest rate jitters and geopolitical issues affecting supply chains add extra risk to the mix.

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