📈 Stocks / Finance

Nvidia rallies on $7B Saudi AI deal, export restrictions ease

Yahoo Finance

Nvidia shares rose 4% as it secured a $7B deal to supply AI chips to Saudi Arabia’s Humain venture. The U.S. may rescind Biden-era chip export rules, aiding Nvidia’s global sales. AMD and SMCI also gained on Saudi AI infrastructure investments.

Netflix Stock: Strong Performance, Stretched Valuation

Forbes

Netflix shares are up ~25% YTD, trading near $1,110, but face valuation concerns. NFLX trades at a P/E of 55.2 vs. 24.5 for the S&P 500, despite strong financials: 22.3% net margin, 13% revenue growth, and low debt. Trefis calls it 'appealing yet volatile.'

Cisco earnings eyed for AI, quantum momentum

Investopedia

Cisco is expected to post Q3 revenue of $14.06B (+10% YoY) and EPS of $0.92. Analysts are neutral overall, with a $67 price target (~10% upside). AI infra orders hit $700M YTD; focus also on its new quantum chip’s long-term potential.

🪙 Crypto

Senate Revives Stablecoin Legislation Amid Industry Push

Pymnts

Bipartisan senators are working to advance stablecoin regulation before Memorial Day. Backed by crypto firms, the bill faces opposition from progressives and GOP senators over ethics and tech firm involvement. Stablecoins now have a $246B market cap and $28T in 2024 transfer volume.

🌎 Global Economy

Global stocks rise as U.S. dollar steadies and tariff risks ease

Reuters

Global equities advanced while the U.S. dollar rebounded 0.14% amid easing U.S.-China trade tensions. Gold fell 2.07% as safe-haven demand waned. Fed officials remain cautious on rate cuts due to tariff uncertainty and inflation risks.

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