Financial Times reports NVIDIA has agreed to invest about $5bln in Safe Superintelligence, an AI startup led by OpenAI co‑founder Ilya Sutskever, and will provide its latest Vera Rubin hardware as part of a "long-term partnership." The companies announced the deal on Monday; people familiar said the $5bln commitment is typically milestone-dependent. Both parties declined to disclose financial terms, calling the investment "substantial." Safe Superintelligence said the funding will help it build

UBS said Microsoft's recent share pullback has already priced in some risk ahead of the fiscal fourth-quarter print, leaving downside relatively limited. The bank retains a Buy rating but trims its PT to $480 from $510, citing the risk Microsoft may raise its capex outlook while merely maintaining — not upping — Azure growth guidance. UBS warned that higher spending coupled with limited revenue growth would be poorly received by markets. The note also flagged Microsoft’s exposure to OpenAI, substitution risk from open‑source models, and renewed scrutiny of its core productivity software business. UBS said it maintains Buy but will take a more balanced view of this report.

Iran's IRIB reported Iraq's national security adviser said a Ukrainian intelligence group is carrying out attacks inside Iraq and blaming resistance groups.