Nvidia NVDA -4.16%decrease; red down pointing triangle now makes more revenue in a single quarter than most other chip companies generate in an entire year. In a turbulent market awash in a new class of AI fears, that’s no longer enough. 

The chip maker’s fiscal fourth-quarter results Wednesday showed why the company remains the undisputed leader in artificial-intelligence computing. Revenue of $68.1 billion was up 73% from the same period a year earlier and represented the company’s best growth rate in four quarters. Nvidia projected an even higher growth rate for the current quarter, and that forecast actually beat Wall Street’s consensus target by the widest range in two years, according to FactSet data.

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Trump Media & Technology Group , founded by U.S. President Donald Trump, is considering spinning off its social media platform Truth Social into a publicly traded company.

The company is in discussions with TAE Technologies and Texas Ventures Acquisition III about the proposed transaction, the company said on Friday.

Under the proposal, shares ‌in the ⁠spun-off company ⁠would be distributed to eligible TMTG shareholders, after which the new entity would merge with a special purpose acquisition company.

This would separate TMTG’s social media and digital media assets from its recently announced fusion energy venture, effectively splitting the company into two publicly traded businesses with distinct strategies.

The Truth Social-parent’s net loss widened to $712.3 million in 2025 from $400.9 million a year earlier, mostly reflecting unrealized losses ⁠from the ‌company’s purchase of bitcoin and Cronos.

TMTG ended 2025 with about $2.5 billion in financial assets, more than triple the $776.8 million it had a ⁠year earlier, the company said. Net sales edged up to $3.68 million from $3.62 million in 2024.
Founded by Trump and known for its Truth Social platform aimed at conservative audiences, TMTG has faced challenges scaling its media business amid competition from larger social networks and uneven user growth. It is now seeking to reposition itself beyond its core Truth Social platform and tap investor interest in emerging energy technologies.

TMTG said no definitive agreement has ‌been reached on the spin-off and discussions are ongoing. In December, TMTG agreed to merge with TAE in an all-stock deal valued at more than $6 billion, marking a ⁠pivot toward fusion energy and the creation of a publicly traded company focused on developing utility-scale power plants to help meet rising electricity demand, including from AI data centers.

TAE Technologies is a California-based private company developing advanced nuclear fusion technology that has raised more than $1 billion from investors, including Alphabet’s Google and Chevron.

The startup focuses on a form of fusion designed to produce electricity without releasing large amounts of neutron radiation, reducing radioactive waste.

Gold rose to near a one-month high on Friday and was headed for a seventh straight month of gains, supported ‌by geopolitical ⁠tensions after ⁠the United States and Iran extended nuclear talks, while softer U.S. Treasury yields further boosted bullion.

Spot gold was up 1% at $5,238.75 an ounce by 11:31 a.m. ET (1631 GMT), hitting its highest level since January 30. Prices climbed 7.6% so far in February.

U.S. gold futures for April delivery rose 1.1% to $5,254.

“There’s a lot of nervousness surrounding geopolitics, you have all the set-up for a high probability of a military operation over ⁠the weekend, ‌so it’s a risk-off in a flight to safety,” said Phillip Streible, chief market strategist at Blue Line Futures.

The United States and Iran made ⁠progress in Thursday’s nuclear talks, mediator Oman said, but hours of negotiations ended without a breakthrough that could avert possible U.S. strikes amid a major military buildup.

Meanwhile, the U.S. Embassy in Jerusalem also permitted non-emergency staff and families to leave Israel citing safety risks.
U.S. 10-year Treasury yields slipped to a three-month low, making non-yielding gold more attractive by lowering its opportunity cost. Gold’s next likely upside target is $5,450, with key support near $5,120, Streible said.

Data showed that U.S. producer ‌prices increased more than expected in January, suggesting inflation could pick up in the months ahead.

Markets are pricing in about a 42% chance of a 25-basis-point U.S. Federal Reserve rate cut ⁠in June, as per the CME FedWatch tool.

Elsewhere, top consumer China’s net gold imports via Hong Kong in January rose by 68.7% from December, Hong Kong Census and Statistics Department data showed.

China’s central bank moved to curb the yuan’s rise by removing risk-reserve rules for forex forwards, encouraging more dollar buying.

Spot silver rose 6% to $93.67 an ounce, on course for a 10.3% monthly gain.

Spot platinum climbed 3.5% to $2,352.05 an ounce while palladium was up 0.1% at $1,785.47. Both metals were headed for monthly gains.