Jabil bucked the downward trend, raising its full-year guidance following a strong fiscal third quarter. The manufacturing firm reported a significant surge in both revenue and profit, fueled by relentless demand for artificial-intelligence infrastructure. This performance underscores the ongoing divide between companies building the physical backbone of AI and those struggling with market volatility.

Elsewhere, the geopolitical stakes of technology dominance took center stage at the Group of Seven summit. President Trump confirmed that negotiations with Anthropic regarding access to their latest AI models are moving forward. The discussion highlights a growing anxiety among world leaders who fear being sidelined in the global race for advanced computational tools. Meanwhile, Allbirds is betting its future on this same sector, rebranding as Smartbird and appointing a new chief executive to transition the footwear company into an AI-focused business.