US stocks search for direction after another record close, with futures flat ahead of Fed Chair Jerome Powell’s first remarks since last week’s rate cut. Nvidia (NVDA) confirms plans to invest $100B in OpenAI to build out 10 gigawatts of AI infrastructure, the largest AI project to date. Analysts call it both a bold growth bet and a sign OpenAI may be stretching its finances. The deal lifts chip peers Taiwan Semiconductor (TSM) and Palantir (PLTR), while Nvidia shares consolidate near record highs. Gold surges past $3,800/oz, up more than 40% year to date, driven by central bank buying, ETF inflows, and a weaker dollar. Meanwhile, Disney (DIS) will bring Jimmy Kimmel Live back on air after a week-long suspension, though Sinclair plans to preempt the show on its ABC affiliates. In trending tickers, Kenview (KVUE) rebounds after Trump linked Tylenol to autism, AutoZone (AZO) slips on its fifth straight earnings miss, and Ørsted (ORSTED.CO) jumps after a judge allows its offshore wind project to resume construction.

Takeaways:

Nvidia to invest $100B in OpenAI, fueling AI infrastructure boom
Gold rallies to record highs as Fed easing and weak dollar drive demand
Powell to deliver first speech since Fed rate cut; markets eye guidance
Disney brings Kimmel back, Kenview rebounds, AutoZone and Ørsted move on news

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Nvidia pours $100B into OpenAI, gold rallies, Powell speaks