Gold hits $4,000, Nvidia invests in Musk’s xAI, Fed Minutes ahead

US stocks rebound after a rare pullback, with futures pointing higher ahead of the Federal Reserve’s September meeting minutes. Gold surges past $4,000 an ounce for the first time as billionaire investor Ray Dalio calls it a stronger haven than the dollar, citing echoes of the 1970s inflation era. Nvidia (NVDA) reportedly invests up to $2B in Elon Musk’s xAI as the startup raises $20B to fund its Colossus 2 supercomputer project. The move follows OpenAI’s blockbuster AMD (⁠AMD⁠) deal, intensifying the AI arms race. Meanwhile, investors await Fed commentary for clues on future rate cuts amid a data vacuum caused by the government shutdown. In trending tickers, Verizon (VZ) partners with AST SpaceMobile (ASTS) to launch satellite-to-phone service, Penguin Solutions (AVCTQ) sinks on weak sales guidance, and Jefferies (JEF) slides after revealing $161M exposure to bankrupt auto supplier First Brands Group. Takeaways: Gold tops $4,000 as investors seek safety from inflation and a weak dollar Nvidia to invest up to $2B in Elon Musk’s xAI, fueling AI competition Fed Minutes expected to show division on pace of rate cuts amid shutdown Verizon expands space partnership, Jefferies discloses bankruptcy exposure Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at [e-mail]. Learn more about your ad choices. Visit megaphone.fm/adchoices