Nvidia committed $3.5 billion to MediaTek through convertible bonds, giving MediaTek’s clients access to Nvidia’s NVLink Fusion platform across AI-powered personal computers, automotive applications and data-center semiconductor solutions. The deal supports Nvidia’s effort to broaden its AI infrastructure presence beyond GPUs. Brent crude rose more than 2% above $90 after U.S. military strikes targeted Iranian installations on Larak Island, reviving concerns about supply disruptions through the Strait of Hormuz. PG&E shares fell about 18% as investors reassessed potential wildfire liabilities in California, while GameStop advanced despite forecasting second-quarter revenue of $780 million to $800 million, below $972.2 million a year earlier. Investors are also focused on Broadcom’s quarterly results and Friday’s August employment situation report, with forecasters expecting about 55,000 net job additions after July’s unexpectedly weak performance.