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Stock Market

Stocks Headlines

$NVDA ( ▲ 1.67% ) : NVIDIA delivered a record-breaking Q2 FY2025, with revenue soaring 122% YoY to $30B, and net income up 168% to $16.6B. The Data Center segment led the charge, contributing $26.3B, a 154% YoY increase. Despite a 3.3-point dip in gross margin to 75.1%, the company projects Q3 revenue of $32.5B, indicating sustained growth. However, U.S. export restrictions on AI chips to China pose an $8B revenue risk, as highlighted by CEO Jensen Huang. To counteract this, NVIDIA is expanding into Middle Eastern markets. The company also announced a $50B stock buyback program, reinforcing investor confidence.

$AMC ( ▼ 3.37% ) : AMC Entertainment (NYSE: AMC) experienced significant stock volatility this week. After a surge to $4.01 on May 27, driven by strong Memorial Day weekend box office results, shares plummeted over 12% on May 28, despite no new company announcements. Analysts have expressed concerns over AMC's financial health, with B. Riley Securities assigning a Neutral rating and a $3.00 price target, citing recent financial struggles. The company's first-quarter revenue declined to $862.5 million, marking the weakest first-quarter box office performance since 1996. AMC's cash reserves have also dropped significantly, from $632.3 million to $378.7 million, against substantial debt obligations exceeding $742 million due through 2027. Despite these challenges, AMC is focusing on its 'Go Plan' to expand premium and extra-large format theater screens, aiming to enhance its market position. Analysts forecast continued volatility, with price targets ranging from $2.60 to $6.00 over the next 12 months.

$PDD ( ▼ 0.07% ) : ​Temu's aggressive price war faces setbacks as U.S. tariffs eliminate duty-free imports, prompting price hikes and a shift to U.S. warehousing. Parent company PDD Holdings reported a 47% drop in Q1 profit, with revenue growth slowing to 10%, the lowest in three years. To support merchants, PDD is investing $13.7B in subsidies and coupons. Despite these efforts, PDD shares fell 15%, reflecting market concerns over sustained profitability.

European stocks are outperforming globally as the U.S. trade war backfires, with eight of the top 10 markets located in Europe. Germany's DAX Index has surged over 30% in dollar terms, while the S&P 500 lags with a 0.5% gain year-to-date. Investors are shifting focus to Europe amid U.S. market volatility and tariff uncertainties.

Spotlight

NVIDIA and OpenAI are collaborating with the UAE's G42 to build Stargate UAE, a $500B AI data center in Abu Dhabi, set to be the world's largest. The facility will feature NVIDIA's Blackwell GB300 systems and provide nationwide ChatGPT access in the UAE. Despite Elon Musk's attempts to include his firm xAI, the project proceeds, with operations starting in 2026.

Crypto

Crypto Radar

At the Bitcoin 2025 conference, Nigel Farage announced Reform UK's plan to introduce a Cryptocurrency and Digital Finance Bill, proposing a 10% capital gains tax on crypto and establishing a national bitcoin reserve within the Bank of England. The party will also accept crypto donations, aiming to position London as a global crypto hub.

Trump Media & Technology Group revealed plans to raise $2.5 billion through stock sales to establish a bitcoin treasury reserve, aiming to protect against financial institution discrimination. This move aligns with President Trump's broader strategy to make the U.S. a leader in cryptocurrency adoption.

The Czech National Bank is reviewing a proposal to invest up to 5% of its €140 billion reserves in bitcoin, potentially becoming the first Western central bank to hold cryptocurrencies on its balance sheet. Governor Aleš Michl views this as a long-term diversification into a growing alternative asset.

Economy

Economic News

Despite solid consumer spending and retail sales, business sentiment and investment are declining due to tariff-related uncertainties. While manufacturing orders rise, concerns about delayed capital spending and inflation persist, suggesting the U.S. may "muddle through" without a recession if tariffs remain limited.

The U.K. announces a £1.5 billion initiative to build six new munitions factories, aiming to enhance defense readiness and create over 1,000 skilled jobs. This move responds to geopolitical tensions and aims to bolster the U.K.'s military manufacturing capabilities.

U.K. Trade Secretary Jonathan Reynolds will meet with U.S. officials to seek exemption from newly increased U.S. tariffs on steel and aluminium, which have doubled to 50%. The U.K. aims to protect its domestic industries and prevent potential retaliatory measures from the European Commission.

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Disclaimer:
We are not financial advisors, and the information provided in this newsletter is for educational purposes only. Always conduct your own due diligence and consider what makes sense for your individual financial situation. Investing involves risks, and there is no guarantee of making money. In fact, you may lose money. We aim to provide you with the tools and insights to help you make informed decisions, but the ultimate responsibility lies with you.