📈 Stocks / Finance

AMD beats Q1 expectations but AI, tariff concerns pressure stock

Yahoo Finance

AMD posted Q1 EPS of $0.96 on $7.4B revenue, beating estimates, with strong Data Center and Client segments. But shares fell after early gains as analysts weighed China export controls, AI chip headwinds, and U.S. tariff uncertainty.

Google stock tumbles on Apple’s AI search shift

Yahoo Finance

Google shares fell 7.5% after Apple SVP Eddy Cue said the company may integrate AI search tools like Perplexity into Safari. Cue noted a decline in Safari searches and predicted AI apps will replace traditional engines, despite Apple’s $20B annual deal with Google.

Fed Holds Rates as Tariff Risks Cloud Outlook

USA Today

Stocks rose Wednesday after the Fed kept rates unchanged, signaling a 'wait and see' stance amid tariff-driven uncertainty. The Dow gained 0.7%, S&P 0.4%, and Nasdaq 0.3%. China cut rates ahead of resumed U.S. trade talks scheduled for May 8 in Geneva.

🪙 Crypto

Solana’s app take rate rivals Big Tech

Blockworks

Blockworks data shows Solana apps generate just 1.8x more revenue than the chain itself—implying a 55%+ take rate. Analysts debate if this signals a monopoly-like moat or overearning that justifies lower valuation multiples.

🌎 Global Economy

China Eases Credit Ahead of High-Stakes U.S. Trade Talks

CBC

China announced rate cuts and funding boosts to counteract U.S. tariffs ahead of trade talks in Switzerland. With tariffs reaching 145% on Chinese goods and 125% in retaliation, both economies show signs of strain amid a protracted standoff.

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