AMD’s Earnings Accelerate Despite Segment Weakness

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Here's the latest news I'm tracking today.

 📈 Stocks / Finance

AMD’s Earnings Accelerate Despite Segment Weakness

AMD reported 36% YoY revenue growth in Q1 2025, led by strong demand for AI and PC chips. Net income rose to $709M from $123M YoY. Despite gaming and embedded segments shrinking, a 26 forward P/E and improving fundamentals signal possible value upside.

Rivian Faces Growth Hurdles Despite Cash Cushion

Rivian stock remains under $15 amid slowing deliveries, reporting just 8,640 units in Q1 vs. 13,000 a year ago. Despite a $7B cash buffer and plans for a $45K R2 SUV, profitability hinges on scaling output and reversing demand declines.

IBM survey casts doubt on Nvidia’s AI growth path

Only 25% of CEOs report expected ROI from AI, per IBM. As enterprises seek cheaper, scalable AI, Nvidia's high-cost GPU model faces headwinds. IBM and Microsoft are pushing efficient, low-cost models that reduce dependency on expensive hardware.

🪙 Crypto

XRP Hits 7-Week High on BlackRock ETF Speculation

XRP jumped 5.44% to $2.47 on renewed speculation that BlackRock may pursue an XRP-spot ETF, following meetings with the SEC. A potential settlement in the Ripple case could clear regulatory hurdles. Polymarket places ETF approval odds at 77% by year-end.

🌎 Global Economy

Chinese Exports to U.S. Hit 15-Year Low

Chinese goods shipments to the U.S. fell to their lowest share of American imports since 2006. Weak global demand and U.S. diversification efforts contributed to the slump, with Vietnam and Mexico gaining market share.

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