The Chicago Mercantile Exchange (CME) experienced a significant nine-hour outage due to a cooling system failure, disrupting futures and options trading. This incident affected trillions of dollars in derivatives, including key contracts like U.S. crude, gasoline, U.S. Treasury, and S&P 500 futures. The outage particularly impacted hedging and trading activities for expiring contracts, causing widespread market disruption. In related news, Nvidia is facing increased competition in the AI sector as Google's Gemini 3 model gains popularity. Additionally, Meta is reportedly transitioning to Google's TPU chips, adding pressure on Nvidia. Prominent short sellers, including Michael Burry, have criticized the current AI market hype, further challenging Nvidia's position.