CME Nine-Hour Outage Impacts Trillions in Derivatives, Nvidia Faces AI Challenges

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Citing Jin10, the CME experienced a nine-hour outage due to a cooling system failure, halting futures and options trading and affecting trillions in derivatives, including U.S. crude, gasoline, U.S. Treasury, and S&P 500 futures. The incident disrupted hedging and trading, particularly for expiring contracts. Meanwhile, Nvidia faces mounting pressure as Google's Gemini 3 model gains traction and Meta reportedly shifts to Google's TPU chips, while short sellers like Michael Burry criticize the AI hype.

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