Stocks Rebound on Nvidia's New AI Chip as Fed Meeting Looms, Peltz Renews Disney Fight, Unilever to Spin Off Ben & Jerry's
• Stocks rebounded as markets digested Nvidia's unveiling of its new Blackwell AI chip infrastructure and the Bank of Japan raising interest rates for the first time since 2007
• Nvidia shares rose on its new product announcements, while semiconductor competitors like AMD and Intel slumped
• Activist investor Nelson Peltz is engaged in his second proxy battle with Disney in two years, vying for board seats
• Unilever announced plans to spin off its Ben & Jerry’s ice cream division as part of a major restructuring
• Futures slipped Tuesday morning ahead of the start of the Federal Reserve's two-day policy meeting