With tariff tensions easing and geopolitical concerns easing, US stock markets have experienced a relief rally this week. The decline in stock markets that began with the tariffs announced by US President Donald Trump in April appears to be reversing this week with an ambitious comeback. In fact, the S&P 500 index, which started the week on the upside following the ceasefire news in the Middle East, reached a record high yesterday, exceeding its previous closing record on February 19.
This week, while important announcements and new partnerships of companies dominated the US agenda, companies announced a series of new investments and business deals on Borsa Istanbul.
Nvidia (NVDA) shares renewed their peak with the investor activity catalyst that took place this week and the optimism in general on US stock exchanges. Thus, Nvidia regained its place as the most valuable company in the world by reaching a market value of $3.7 trillion. CEO Jensen Huang said at the shareholder meeting that “we are working towards a day when there will be billions of robots, hundreds of millions of autonomous vehicles and hundreds of thousands of robot factories that will run on Nvidia technology.”
Tesla (TSLA) launched a small group of autonomous taxis carrying paying passengers in Austin, Texas. Thus, Tesla’s driverless cars carried paying passengers for the first time.
Salesforce (CRM) and PepsiCo (PEP) announced a significant artificial intelligence collaboration. The food and beverage giant plans to use Salesforce’s Agentforce platform, a tool that integrates AI-powered digital agents directly into operational workflows to streamline customer and sales processes.
Uber Technologies (UBER) announced that it has launched autonomous driving services in Atlanta as part of a partnership with Google’s (GOOGL) Waymo. Atlanta residents can now drive Waymo autonomous vehicles through the Uber app.
Palantir Technologies (PLTR) announced a strategic product partnership with The Nuclear Company to develop AI software for nuclear construction. The Nuclear Company, which pioneers the deployment of gigawatt-scale nuclear power across the U.S. and is a pioneer in modernizing nuclear construction, will jointly develop and implement the Nuclear Operating System (NOS), the first AI-powered, real-time software system designed specifically for nuclear construction.
Micron Technology (MU) announced that it will invest approximately $200 billion in U.S. manufacturing and research over the next 20 years. The company stated that $150 billion of the investment will be allocated to production facilities and $50 billion to research and development.
Alibaba Group Holding's (BABA) cloud computing unit plans to expand its artificial intelligence services, including the Qwen model family, to data centers abroad by 2025.
The Federal Housing Finance Agency (FHFA) has announced that it will consider applicants’ crypto assets when determining their eligibility for a mortgage. The FHFA will only consider tokens held on US-regulated exchanges for this purpose. However, it will not require applicants to convert these assets into US dollars.
Decentralized oracle network provider Chainlink has teamed up with payments company Mastercard (MA) to enable the credit card company’s three billion cardholders to purchase cryptocurrencies on-chain.
The Arizona House of Representatives has passed a bill that would create a reserve fund for seized crypto assets. The House passed the bill, dubbed HB 2324, by a vote of 34-22. HB 2324 aims to authorize the state Treasury to create a Bitcoin and Digital Assets Reserve Fund that would oversee crypto assets seized for crimes.
Nano Labs (NA), a publicly traded blockchain infrastructure provider in China, has announced plans to purchase $1 billion worth of BNB. The company, which plans to store its massive token treasury in its corporate treasury, announced that it plans to hold 5% to 10% of BNB’s total circulating supply.
Bit Digital (BTBT) announced that it will shift away from its core business of Bitcoin mining and focus on Ethereum staking and treasury operations.
This week’s analyst favorites include Wall Street’s favorite stocks for the second half of the year and UBS’s favorite AI beneficiaries. These stocks are being viewed with “BUY” ratings by 65% of at least 15 analysts on Wall Street: BioMarin Pharmaceutical (BMRN), Light & Wonder (LNW), First Solar (FSLR), Fiserv (FI), Burlington Stores (BURL) and Salesforce. UBS believes these three stocks are poised for strong gains as demand for AI grows: Broadcom (AVGO), Nvidia and Micron Technology.
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