Nvidia (NVDA) received a major vote of confidence from Wall Street as Barclays analyst Tom O'Malley boosted his price target to $240 from $200, maintaining an “Overweight” rating. The upgrade reflects growing optimism around the chipmaker's dominant position in artificial intelligence (AI) infrastructure spending. Barclays estimates that over $2 trillion will be spent on planned AI initiatives across approximately 40 gigawatts of global capacity over the next four to five years. Using the firm's calculations, which indicate that each gigawatt requires $50-60 billion and roughly 500,000 graphic...
October NY world sugar #11 (SBV25) today is up +0.11 (+0.70%), and December London ICE white sugar #5 (SWZ25) is down -1.20 (-0.26%). Sugar prices today are mixed, with NY sugar climbing to a 1.5-week high. Strength in crude prices has sparked some short covering in sugar futures as WTI crude (CLX25) rallied to a 1.75-month high today. Higher crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing to ethanol production rather than sugar, thereby curbing sugar supplies. The prospects of abundant global sugar supplies are negative for prices. On Tuesday...