🎯 Market update: Nvidia surges, Bitcoin Cash fork, and inflation cools
- NexxtGen Markets
- 4 days ago
- 4 min read
Markets bounced back with renewed vigour this week, led by gains in semiconductors, easing inflation, and geopolitical trade reprieves. With major events shaping sentiment, we unpack the key movers and what lies ahead for traders on NexxtGen Markets.
🔥 Nvidia hits $3 trillion again as AI demand soars
Nvidia rallied 6% after announcing a $2 billion chip deal with Saudi Arabia, catapulting the company back into the exclusive $3 trillion club. Broadcom and AMD followed suit, each climbing around 4% as AI-driven momentum re-entered tech.
📈 The Nasdaq climbed 1% on the day, while the S&P 500 advanced 0.76%, erasing all 2025 losses. The Dow Jones lagged behind, slipping 0.6% largely due to an 18% plunge in UnitedHealth shares following its CEO’s sudden departure and suspended forecasts.
📰 Headline roundup: trade thaw, inflation cools, luxury rebounds
🇨🇳 U.S.-China trade tensions ease
Markets welcomed signs of reduced friction after the U.S. signalled a pause in new tariffs on Chinese imports. With supply chains stabilising, global equities breathed a collective sigh of relief.
🧾 Consumer inflation lowest since 2021
April inflation came in at 2.3%—the slowest pace in four years—boosting investor confidence in the Fed’s potential to hold rates. Consumers enjoyed relief at petrol stations and supermarkets, although rent and healthcare costs remained sticky.
💼 Cisco prepares for earnings
Cisco is set to report earnings after market close today. The stock has risen 8% this month after three months of decline. Analysts are focused on enterprise spending trends and how well Cisco is positioning itself in AI infrastructure against rising competition.
💄 Luxury stocks lead into Burberry results
Ahead of Burberry's earnings, global luxury names like LVMH, Kering, and Ralph Lauren rallied over 7% in just two days, despite challenges in discretionary spending. Investors are cautiously optimistic about a sector rebound.
💻 Movers and shakers
Asset | Movement | Price |
▲ +61% | $11.24 | |
▲ +11% | £15.32 | |
▼ -18% | $311 | |
▼ -8% | £134 |
🚀 Big news in crypto: Bitcoin Cash hard fork incoming
Bitcoin Cash (BCH) will undergo its scheduled “Velma” hard fork on Thursday, 15 May 2025 at 12:00 UTC. The upgrade is expected to be brief and will not affect BCH trading on eToro unless instability arises.
🔒 Coin transfers and wallet send functions will be paused approximately one hour before the fork and remain suspended until the network is deemed stable.
📊 Noteworthy individual movers
🪙 Coinbase Global Inc (COIN) ▲ +23.97%
Coinbase was added to the S&P 500 and surged nearly 24%—its biggest jump since 2016. The move reflects confidence in its crypto exposure, bolstered by a $2.9B acquisition of Deribit to expand its global footprint.
👖 American Eagle (AEO) ▲ +5.39% (but tumbled 14% after hours)
Despite an early gain, American Eagle withdrew full-year guidance citing rising inventories and weak seasonal demand. It took a $75 million charge on unsold stock, unsettling the retail sector.
🧠 Nvidia (NVDA) ▲ +5.63%
Nvidia rallied as export limits were lifted by the Trump administration, allowing 18,000 AI chips to be sold to Saudi Arabia. The VanEck Semiconductor ETF rose 10% in two days as the broader chip sector caught fire.
✈️ Boeing (BA) ▲ +2.46%
Boeing climbed following a 30-jet order from Saudi’s AviLease. The move comes amid President Trump’s Mideast tour, with further aviation deals expected across Qatar and the UAE.
📅 What’s coming up
🕞 3:30 PM GMT – US EIA Crude Inventories (9 May)
👀 What to watch next
🚘 Honda shares fell 4% on fears that tariffs may reduce FY2026 profits by $3 billion. The automaker is shifting production to the U.S. while delaying EV battery plans in Canada.
💻 Microsoft (MSFT) is laying off 6,000 workers as it streamlines operations. Despite strong results, the layoffs reflect a shift in focus toward AI and cloud services.
🍔 Jack in the Box plunged 9.5%, down 57% from 2024 highs. With rising input costs and declining foot traffic, investors await results tomorrow for signs of recovery.
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