Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Nvidia is still working on the certification process for Samsung Electronics Co.'s high-bandwidth memory chips, a final required step before the Korean company can begin supplying a component essential to training AI platforms. 

Annabelle Chih | Bloomberg | Getty Images

Texas Roadhouse, our newest Club stock, delivered a strong quarter, though there's some weather-related noise around its current-quarter traffic. It also warned of beef inflation because of tighter projected cattle sizes later this year. Layer in the egg situation, and the agriculture complex is going against the Federal Reserve.

Club nameNvidia's Jensen Huang said DeepSeek is actually good for his company because the real value of its chips comes in "post-training," an important refinement process used after the model is initially trained on tons of data. He offered those thoughts in a pre-taped interview that Nvidia partner DataDirectNetworks aired yesterday. Nvidia earnings are next week.

3. Celsius shares are up more than 30% this morning in a short squeeze that may be for real because the energy drink maker is buying a real company, Alani Nu, in a $1.8 billion cash-and-stock deal. The female-focused Alani makes fitness supplements and energy drinks. Morgan Stanley said it could turn Celsius into a "story stock" in the short term.