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On May 8th, the U.S. Court of Trade ruled on Thursday that President Trumps latest 10% global tariff measures were unfounded, as this comprehensive imposition of tariffs lacked legal basis. The U.S. Supreme Court ruled on February 20th that the Trump administrations large-scale tariffs under the International Emergency Economic Powers Act lacked clear legal authorization. Following the ruling, Trump immediately invoked Section 122 of the Trade Act of 1974, announcing a 10% global import tariff on goods from all countries and regions for 150 days.
According to a Fox News reporter: Senior U.S. officials say the ceasefire with Iran is not over.
Nvidia has been granted a five-year option to purchase up to 30 million shares of IREN at $70 per share, which means Nvidia has the right to invest up to $2.1 billion in IREN.
Nvidia (NVDA.O): Future deployments will focus on IREN’s 2-gigawatt Sweetwater campus in Texas.
Nvidia and IREN announced a strategic partnership to accelerate the deployment of up to 5 gigawatts of artificial intelligence infrastructure.