📈 Stocks / Finance

Palantir rallies toward record amid Trump-linked momentum

Sherwood

Palantir rose 8.1% to $128.45, nearing a record high, with shares up 65% YTD—second-best in the S&P 500. No major news, though CEO Alex Karp’s appearance at a Saudi event tied to Trump has fueled interest. PLTR trades at 220x expected 2025 earnings.

Coinbase Surges 25% on S&P 500 Inclusion

Investopedia

Coinbase stock jumped 25% after news it will replace Discover Financial on the S&P 500. Oppenheimer raised its price target to $293, citing rising institutional interest. Bitcoin also climbed above $104,000 following the announcement.

SoundHound AI gains momentum with 85% revenue growth and Tencent deal

Yahoo Finance

SoundHound AI (SOUN) posted 84.6% revenue growth YoY and secured a Tencent partnership to expand in China. With 21 hedge funds onboard and a $10 price target from DA Davidson, it’s drawing investor attention amid rising AI infrastructure spend.

🪙 Crypto

XRP surges as South Korea drives bullish volume spike

DL News

XRP rose 4% while major cryptos declined, fueled by $1B+ in 24h volume on South Korea’s Upbit. Polymarket odds for a $2.19+ May close jumped from 40% to 78%. Longs on XRP perps now outnumber shorts 3-to-1, per Coinglass.

🌎 Global Economy

PwC: AI Could Add 15% to Global Growth—Or Just 1%

moonshot

PwC projects AI could boost global GDP by up to 15% over 10 years, but impact depends on trust, governance, and deployment. In low-trust scenarios, gains fall to 1%. Climate risks may shrink 2035 GDP by 7% vs baseline. AI’s energy impact hinges on efficiency innovation.

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