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U.S. stocks hit fresh records as Apple's blowout Q2 powered Big Tech, while crude oil sank 3% on Hormuz news and Trump set 25% EU auto tariffs.
A record-breaking April for Intel powered 270% gains in leveraged ETFs, underscoring how fast momentum, and risk, can build in single-stock funds.
SOXX posts its largest monthly return in 25 years. SMH had its best month since November 2003. Yet Nvidia — the AI hardware leader of the prior cycle — was the slowest-moving mega-cap chipmaker in the basket. Intel, AMD, Micron and Marvell did the work.
NVIDIA shares up Friday, extending a rebound as risk appetite stayed firm across big‑cap tech, with Nasdaq up 1.16% and S&P 500 gaining 0.82%.
https://www.wsj.com/tech/ai/ai-investor-coatue-joins-data-center-frenzy-with-new-venture-to-buy-land-9f4c374f?reflink=desktopwebshare_permalink
Department of Defense keeps Anthropic Claude ban, while treating Mythos separately amid cyber concerns; signs 7 major contracts
AMD stock surged 74% in April; while Nvidia's 14% gain is still-impressive, AMD delivered more than 5 times the return of the AI chip king.
BlackRock says markets are rotating beyond AI into HALO sectors—utilities and infrastructure plays: benefit from AI + harder to disrupt.
https://www.bloomberg.com/news/articles/2026-05-01/nvidia-microsoft-aws-expanding-classified-military-ai-use