DONALD TRUMP JUST ERUPTED ON GERMAN'S CHANCELLOR MERZ
"The Chancellor of Germany, Friedrich Merz, thinks it’s OK for Iran to have a Nuclear Weapon. He doesn’t know what he’s talking about!" "If Iran had a Nuclear Weapon, the whole World would be held hostage. I am doing something with Iran, right now, that other Nations, or Presidents, should have done long ago." Source: Eric Daugherty @EricLDaugh
$440 billion wiped from semiconductor stocks in a single day after 19 straight days of gains.
The $SOX Semiconductor Index crashed 5% on Tuesday, its worst session in months and the first red day after the longest winning streak in the index's history. - $NVDA down 3.2% wiping out $200 billion. - $AVGO down 4.3% wiping out $95 billion. - $MU down 5.8% wiping out $40 billion. - $AMD down 4.8% wiping out $29 billion. - $INTC down 4.2% wiping out $7 billion. Source: Bull Theory
Tesla $TSLA is positioning itself to be the largest physical AI deployment platform by the end of this decade.
By 2031, Tesla could become a $375B revenue story where AI, robots, services, energy & Cybercab together become larger than automotive: • Automotive 40% • Cybercab 24% • Robots 16% • Energy 11% • Services 9% Source: Shay Boloor
Those that claim the US dollar dominance is at risk or in decline, due to the Iran war, are completely wrong. The US dollar is becoming even more dominant in international transiations.
The US dollar's percentage of international transactions rose to a record 51.1% in March. The world is still betting on the USA as the world reserve currency. China is not an option due to capital restrictions. Europe is in economy stagnation and decline, so the Euro currency is not really an option. The "news" media is trying to sell a narrative, but the data is clear. The US dollar still dominates trade and it is growing, not declining. Source: Wall Street Mav Bloomberg
Yesterday was all about the OpenAi missed targets story. OpenAi ecosystem has underperformed the Google AI ecosystem (-45%) aggressively since the end of January.
Source: RBC, Bloomberg
UAE could now potentially produce more oil than the OPEC+ quota previously allowed them…
This move could force others to follow. Oil supply is going UP. Source: Geiger Capital
Almost half of the semiconductor index names are showing Bubble Risk Indicator levels above 0.8, and two thirds above 0.7, according to Bank of America.
Source: Markets & Mayhem
I know that comparing market cap with country GDP does not make too much economic sense.
Source: shirish @shiri_shh on X
