More tech deals, little US data, record-high gold. What’s next?

Show notes

Tech megadeals, AI hype and market nerves — this week had it all! Nvidia and AMD’s blockbuster partnership lit up the sector, xAI reportedly raised $20 billion with Nvidia among its backers and SoftBank moved to expand its AI footprint with ABB and OpenAI. Dell admitted it underestimated AI demand, Jamie Dimon’s optimism fueled the rally, meanwhile the debate over whether this is a new “AI bubble” kept heating up. In earnings, PepsiCo and Delta kicked off earnings season on an upbeat note, and markets brace for more reports to test lofty valuations. With the Fed balancing inflation risks, a stronger dollar and a volatile bond market, investors face a tricky setup. Is the AI trade still unstoppable — or nearing exhaustion? What about gold?
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