SNOWFLAKE $SNOW STRIKES $6 BILLION DEAL WITH AMAZON $AMZN FOR AGENTIC COMPUTING CHIPS
$SNOW +27% IN AFTER-HOURS Q1 Adj EPS: $0.39 vs $0.32 est Q1 REV: $1.391B vs $1.324B est Source: Trend Spider
By looking at the 𝗧𝗼𝗽 𝟭𝟬 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗔𝗰𝗿𝗼𝘀𝘀 𝗗𝗲𝗰𝗮𝗱𝗲𝘀 what do you observe?
1985–2005: Three decades belonged to Manufacturing & Production. 2015: One decade belonged to the IT revolution. 2025: We are entering the Super Decade of AI. Source: niveshak
HERE ARE THE 10 MOST VALUABLE STOCK MARKETS IN THE WORLD
Source: Evan, Yahoo Finance
Micron just hit $1 Trillion market cap for the first time in history and becomes the 10th-largest U.S. company
$MU Micron is up 18% yesterday alone. A year ago this company was worth $60 billion. Today it crossed $1 trillion. That is a 1,350% move in just 413 days. UBS nearly tripled its price target from $535 to $1,625, citing explosive AI memory demand and a global memory shortage that is allowing Micron to raise prices at will. Every Nvidia chip needs memory chips to function. Micron makes those memory chips. Source: Bull Theory, Stocks World
Semiconductors index $SOX keeps marching higher without its general.
We have not seen such a wide divergence between SOX and hashtag#nvidia $NVDA in quite some time. Is NVDA quietly becoming the main funding source for the latest semis upside panic? Source: TME
U.S. Margin Debt Hits Record $1.3 Trillion in April 2026
U.S. margin debt climbed to a record $1.3 trillion in April 2026, marking a 53% increase from a year earlier. The sharp rise reflects growing investor risk appetite and increased leverage amid surging equity valuations and strong stock market momentum. Historically, rapid expansions in margin borrowing have coincided with periods of elevated market optimism and heightened speculative activity. Source: Econovis
Year-to-date performance of the main asset classes
Source: Finviz
Since the start of the war, gold has been negatively correlated to oil. Oil up, gold down. Why? Because the marginal gold buyer is not the West, it is EM Asia and Turkey.
Higher oil prices crush import-dependent economies like India: Oil ↑ → Growth ↓ → Currency ↓ → Import costs ↑ → Gold demand ↓. That’s why gold has been weak despite geopolitical chaos. India is curbing gold imports to defend the Rupee. Turkey already burned reserves. China is temporarily balancing the system by cutting crude imports. The real story isn’t “gold vs fear.” It’s commodities, FX, and EM liquidity transmission. Mental flexibility > rigid macro views. Source: Alexander Stahel on X Bloomberg
