💰 Tariff easing opens a trading window, leading the market to pursue high growth opportunities.
💹 $Seagate Technology PLC(STX)$/$Microchip Technology(MCHP)$/$Silicon Laboratories(SLAB)$: Driven by both AI investments and improving performance, this is a chance not to be missed.
📣 Stay tuned, supercharge purchasing power through CashBoost!
| Market recap
This Wednesday and Thursday, U.S. stocks rose for two consecutive days, slightly recovering from a two-day decline, as investor sentiment improved. With the Federal Reserve stabilizing market confidence and signs of easing tariff policies emerging, interest in buying on dips surged, with funds swiftly shifting from safe-haven assets to high-growth opportunities, positioning the market for a potential weekly gain.
Megacaps - keep watching
$Tesla Motors(TSLA)$+3%: The company has recently been active in expanding its energy storage business, global charging network, and advancements in autonomous driving technology.
$NVIDIA(NVDA)$+0.3%: The company plans to launch a downgraded version of the H20 for the Chinese market within the next two months; however, there are concerns about its market share prospects, leading to mixed opinions. SOX rose by 1%.
MAGA - positive news
On Wednesday, the Federal Reserve indicated a wait-and-see approach, implying that action would be taken if necessary, which has been a source of recent optimism.
On Thursday, preliminary progress was made on tariffs between the U.S. and the UK, alongside frequent reports of the U.S. actively promoting dialogue with China, all of which conveyed positive signals to the market. The U.S. and UK reached a new agreement to partially withdraw tariffs in certain areas, further expanding market access for each other's products. While the 10% "reciprocal tariff" will remain and many specific issues are yet to be resolved, this agreement establishes a template for future negotiations with other countries, especially China, suggesting a possibility for discussions rather than the previous high-tension standoff.
Top movers - crypto, quantum
In times of gold panic, virtual assets thrive. As market preferences shift toward growth opportunities, gold saw a short-term pullback, with some capital flowing into more promising cryptocurrencies. Bitcoin approached the $100,000 mark, gaining over 2% intra-day. Additionally, Ethereum surged nearly 10% in the same timeframe. $Hut 8 Mining Corp(HUT)$+12%, $Strategy(MSTR)$+5.6%, $Coinbase Global, Inc.(COIN)$+5%.
Quantum computing soared on favorable earnings news, with $D-Wave Quantum Inc.(QBTS)$ rising over 51%, achieving its best single-day performance since May 2023, driving $Quantum Computing Inc.(QUBT)$ +19%, $Rigetti Computing(RGTI)$ +11%, and $IONQ Inc.(IONQ)$ +9%.
Airline stocks also surged, driven by earnings. JET rose 3.3%, with $JetBlue Airways(JBLU)$ up 7.4%, $Delta Air Lines(DAL)$ up 7%, and $United Continental(UAL)$ up 5%.
| Earnings
$Palantir Technologies Inc.(PLTR)$ is the largest gainer in the S&P 500 this year, up 64%, and jumped 8% on Thursday, reaching a market capitalization of $281 billion, surpassing CRM to enter the top ten U.S. tech companies by market value. The company's stock is traditionally prone to volatility and its high valuation often faces market skepticism; however, benefiting from a booming U.S. government business, its performance continues to be noteworthy.
Similarly, $AppLovin Corporation(APP)$+12% reported strong performance in Q1, with significant growth in both core gaming advertising and non-gaming businesses.
$Pinterest, Inc.(PINS)$ pre-market surged over 14% due to Q1 revenue of $855 million, exceeding market expectations. Furthermore, the number of monthly active users reached 570 million, with an average revenue per user (ARPU) of $1.52, both surpassing forecasts. The company expects Q2 revenue to grow by 12%-15%.
| Top guns: Showing teeth
STX
$Seagate Technology PLC(STX)$ is a global leader in innovative data storage solutions. The company continues to focus on advancing Heat-Assisted Magnetic Recording (HAMR) technology for mass production, meeting the continuous demand growth from cloud service customers.
With its technological leadership, robust financial model, and solid industry foundation, the company achieves sustained profit growth.
STX is working towards developing a 100TB hard drive due to the surge in demand for this technology from data centers amidst the AI boom, aiming to launch it by 2030, which would be three times the capacity of its current top drives.
MCHP
$Microchip Technology(MCHP)$ specializes in providing innovative semiconductor solutions for embedded control applications, focusing on intelligent, connected, and secure system design.
In Q4 of fiscal year 2025, the company exceeded market expectations with both EPS and net sales outperforming projections. It also anticipates net sales for the next quarter to be between $1.02 billion and $1.07 billion, significantly above analysts’ expectations of $983.5 million, indicating strong growth momentum.
The company will distribute a quarterly cash dividend to shareholders, which will be paid on June 5, 2025, to shareholders of record as of May 22, 2025. The ongoing distribution of quarterly cash dividends reflects the company’s stable financial position and strong profitability.
SLAB
$Silicon Laboratories(SLAB)$ is a leading innovator in the low-power wireless sector.
In Q4 2024, SLAB achieved significant financial growth, with revenues increasing by 91.4% year-over-year, surpassing market expectations.
The stock has risen by 9% this month, increasing over 7% in the last five days.
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