📈 Stocks / Finance

Big Tech Calms Fears Around Nvidia’s AI Demand

Motley Fool

Microsoft, Meta, and Amazon dismissed rumors of slowing AI capex, reaffirming robust demand for Nvidia’s GPUs. Meta raised 2025 capex to $68B, while Azure AI revenue grew 16 pts YoY. Nvidia stock, down 25% from peak, now trades near a 3-year valuation low.

Fed Meeting Looms as Markets Weigh Rally and Rate Cuts

Reuters

The Fed is expected to hold rates steady this week, but pressure mounts from the White House and investors for cuts. The S&P 500 has rebounded from Trump’s tariff shock, rising 0.3% since April 2. Strong April jobs data dims near-term easing hopes.

Warren Buffett to Step Down as Berkshire CEO

Investor’s Business Daily

Warren Buffett, 94, announced he will step down as Berkshire Hathaway CEO at year-end, with Greg Abel set to succeed him. Berkshire's Q1 operating earnings fell 14% to $9.64B, while its cash position hit a record $347.7B.

🪙 Crypto

Crypto Firms Rush Back to U.S. Amid Regulatory Shift

Pymnts

Deribit and other global crypto firms plan U.S. expansion following eased enforcement and pro-crypto signals under Trump. OKX, Nexo, and Wintermute are also entering the market. Brown University invested $4.9M in a bitcoin ETF, highlighting growing institutional adoption.

🌎 Global Economy

OPEC+ to Raise Output by 411,000 bpd in June

The Business Standard

OPEC+ will boost oil output by 411,000 bpd in June, accelerating its cut unwind to nearly 1 million bpd over three months. Despite falling prices, the group cited healthy market fundamentals. Saudi Arabia continues pressing members over compliance shortfalls.