To The Moon

Markets: Mixed Action, AI Still Leads

• $S&P 500(.SPX)$ : +0.1%

• $NASDAQ(.IXIC)$ : +0.7% (six-day winning streak)

• Dow Jones: -0.2% (second day down)

Financial markets

Drivers:

• AI optimism continues to fuel gains in tech, especially:

  $NVIDIA(NVDA)$ , $SUPER MICRO COMPUTER INC(SMCI)$ , $Advanced Micro Devices(AMD)$

• Sentiment boosted by Saudi Arabia's AI investments.

• Broader market momentum paused as investors await key inflation and retail data.

Economic Data to Watch today:

• Producer Price Index (PPI)

• Retail Sales (April)

• Fed Chair Powell speaks – potential market mover

• Housing Market Index (NAHB)

These releases will offer insight into how tariff policy and inflation are impacting consumption and prices.

Disruption & Tech Themes:

• AI Stocks Surging:

  Nvidia now positive YTD, up 16% this week alone.

  CEO Huang confirmed Saudi Arabia will purchase 18,000 top-tier AI chips.

• CoreWeave faltered despite a strong revenue forecast, investors seem spooked by lofty valuations.

• Perplexity + PayPal: Now enabling direct chat-based purchases. New trend: AI meets fintech commerce.

IPO Market Reawakening:

• eToro IPO surged up to 43%, buoyed by market optimism and thawing US-China trade relations. $eToro Group Ltd.(ETOR)$

• Chime Financial filed for IPO. First major fintech test of 2025.

• IPO momentum returning, but market still favors buyers over sellers. “Profitability” is the new growth.

Corporate & Global Highlights:

• Microsoft layoffs: 6,000 more roles cut despite strong earnings.

• UnitedHealth drops 18% amid CEO reshuffle and financial uncertainty.

• Boeing secures record Qatar order (210 jets), boosted by Trump's diplomatic visit.

• Tencent posts record revenue (US$25B), AI and gaming shine.

• Uber launches ultra-budget commuter service “Route Share”, up to 50% cheaper but with longer wait/pick-up times.

Policy & Trade:

• US-China trade thaw continues to support risk appetite in equity markets.

• Trump administration doubles down on Huawei AI chip export controls, warning global firms of potential criminal exposure.

• Upcoming tax legislation includes:

  Expanded SALT deduction

  MAGA child investment accounts

  Green energy cuts

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This summary is for informational purposes only and does not constitute financial advice. Investors should conduct their own research before making investment decisions.