Market update for July 9, 2026. Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Fed minutes showing officials split on whether inflation could force rate hikes Nvidia’s $1 trillion slide and why its valuation now looks surprisingly cheap PepsiCo earnings show weak North American demand Cerebras and Micron rally on AI infrastructure demand AstraZeneca slides after a drug trial miss Meta’s “super sensing” AI glasses are really creepy

Nvidia Is Cheapest It’s Been Since 2019, Meta Tests New ‘Super’ Glasses

The Rundown

[SPEAKER_A] Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani, and today is Thursday, July 9th. In today's episode, we'll break down why Nvidia stock has lost nearly $1 trillion in value. We'll also recap PepsiCo's earnings and what it says about the American consumer. Then stick around to the end of the show to hear about Meta's new prototype AI glasses that sound incredibly creepy. We got a great show for you today. Let's go. Well guys, markets had a messy day on Wednesday, but honestly, it could have been a lot worse considering the headlines. Overall, the S&P 500 fell 0.3% with nearly 400 companies in the index finishing in the red. But there was a rally in the afternoon from chip stocks, which helped mitigate some of the damage. And it actually helped push the Nasdaq in the green, up 0.2%. The big story yesterday was, of course, the escalation in Iran. President Trump said the ceasefire with Iran is over and the two sides are now trading strikes. So the fighting is back on, and that sent oil prices higher yesterday. Brent crude jumped 5% to $78 a barrel, its biggest one-day jump in more than 2 months. So just as we thought the war with Iran was behind us and that oil prices were going to get some relief, the market is getting hit with uncertainty again. And remember, higher oil prices means more inflation pressure, which could force the Federal Reserve to hike interest rates this year. In fact, according to the Fed's June meeting minutes, which came out yesterday morning, the Fed is split down the middle on what to do with rates this year.

Nvidia Is Cheapest It’s Been Since 2019, Meta Tests New ‘Super’ Glasses

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Nvidia Is Cheapest It’s Been Since 2019, Meta Tests New ‘Super’ Glasses

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.