Tonight's Highlights | Gold & Silver Wild Swings Continue — U.S. Futures All Lower

Monday premarket, the three major U.S. index futures fell, while major European indices mostly rose.

 

Bitcoin dropped below $80,000 for the first time since April, signaling investors are further reducing risk exposure after Friday's sharp gold and silver plunge.

 

Friday, silver plunged ~30% — its worst single-day drop since 1980 — while gold fell ~9%.

 

Gold and silver extended extreme volatility Monday but losses narrowed significantly by press time, both rebounding sharply from lows.

 

Bitcoin now trading above $77,000; spot gold and silver still down, but gold and silver futures have turned positive.

 

AI-related spending back in focus. Oracle said Sunday it plans to raise $50 billion this year for AI buildout — shares initially dipped premarket but latest +4%+.

 

Last week reports claimed Nvidia’s $100 billion investment in OpenAI has stalled; executives skeptical. Nvidia down over 1% premarket.

Company News

SpaceX & xAI Merger Talks Deepen — Announcement Possible This Week  

 

Sources say Elon Musk is in advanced talks to merge SpaceX and xAI. Investors have been briefed; deal could be announced as soon as this week. Discussions ongoing — could take longer or fall apart.

 

Jensen Huang Clarifies: Nvidia’s $100B OpenAI Investment “Never a Commitment”  

 

Nvidia CEO Jensen Huang said the reported $100 billion investment in OpenAI “was never a commitment.” Nvidia will evaluate “round by round.”  

 

Speaking in Taipei on Feb 1, Huang told reporters: “It was never a promise. They invited us to invest up to $100 billion — we’re of course very happy and honored — but we’ll go step by step.”

 

Tesla Teases Gen-3 Humanoid Robot — Million-Unit Annual Production Expected  

 

Feb 2, Tesla’s official Weibo announced the upcoming third-generation humanoid robot that can learn new skills simply by observing humans, with expected annual production of one million units.

 

Musk in video: Tesla didn’t use any existing supply chain — redesigned almost entirely from first principles.