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Hey traders, Ezekiel here with your fresh market update. Let’s break down what’s driving the action so you can stay ahead of the game.
- Today's market mayhem. S&P, EUR/USD, Bitcoin, and XAU/USD today
- Trade truce + AI deals = Nvidia’s best week in months
- Surprise tariff drop sends Wall Street into full-on party mode
- Learn to trade the Ascending Triangle, a breakout pattern top traders use for big gains with our video
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WEEKLY MARKET MAYHEM
For this week's market mayhem, here’s what we got for you today:
🚀 Nvidia’s Going Global… and the Stock’s Loving It 🚀
Nvidia just went full international playboy, and Wall Street liked what it saw.
The AI chip kingpin racked up a 16% gain this week, with most of that heat coming from outside the U.S. Yep, it’s not just Silicon Valley buying their GPUs anymore… now it’s the Middle East calling the shots (and signing the checks 💸).
Let’s break it down:
📍 Saudi Arabia’s AI push is going hard
Nvidia announced a juicy deal with Humain, the AI startup backed by the Saudi Public Investment Fund. Over the next five years, Nvidia will ship hundreds of thousands of AI chips to power Saudi’s national AI ambitions. It's part of a broader tech shopping spree that includes names like Amazon, AMD, and Qualcomm. 🧠💰
📍 UAE is next on the customer list
By Friday, a deal was inked to sell 500,000 of Nvidia’s Hopper AI chips per year to the UAE. These aren’t even the latest-gen models, but who’s counting when the money’s flowing?
📈 That combo of deals sent Nvidia stock flying:
- +5.6% Tuesday
- +4% Wednesday
- And even a baby bump Friday (less than 1%, but hey, it counts)
The stock is now sitting comfortably in the green for the year, shaking off early-2025 doubts about AI overspending.
NVIDIA Corporation (NASDAQ) Daily Chart as of May 17th, 2025 (Source: TradingView)
🧊 So what changed?
The geopolitics gods smiled on Nvidia this week:
- The US hit pause on its trade beef with China, which matters because 13% of Nvidia’s revenue still comes from the region.
- The AI chip export rules? Gone. The AI diffusion rule got the boot, clearing the runway for more global sales.
- Meanwhile, Nvidia’s reportedly cooking up a new R&D center in China. That’s a power move for keeping one foot in a massive (but tricky) market. 🥢
Earlier in the year, some investors were nervous, worried that Big Tech was slowing down its AI chip shopping spree. Between Microsoft hinting at tighter AI budgets and Chinese startups like DeepSeek flexing cheaper models, the vibes were… cautious.
But now?
💵 Microsoft is sticking with its $80B AI investment for 2025
📊 Meta might throw $72B into AI infrastructure too
So, yeah. If there’s an AI spending slowdown coming, it sure isn’t here yet.
🤔 Asia Forex Mentor Insights
Nvidia’s rally is more than just a hype train, it’s a play on global policy shifts and international tech ambitions. Traders watching US-China dynamics, Middle East tech investment, or AI infrastructure demand should keep Nvidia on their radar.
And don’t sleep on the role of policy in unlocking these moves. The loosening of export rules and tariff truce may have been the real MVPs this week.
🇺🇸🤝🇨🇳 Tariff Pause = Stock Party 🎉
Wall Street got a Monday morning gift this week, and it wasn’t coffee. It was a 90-day “let’s chill” moment in the US-China tariff war.
Markets popped champagne almost immediately. The S&P 500 jumped 5%, and the Nasdaq rocketed 7%, reclaiming levels from before Trump’s tariff tantrum that turned the global supply chain into Jenga.
Behind the market party? A surprising plot twist:
📉 Tariffs are dropping faster than expected.
Investors had braced for a full-on economic body slam. Instead, they got… a handshake deal and lighter-than-feared tariffs. The effective US tariff rate is now around 14.4%, which is basically back to pre-trade war vibes.
😲 From “worse than expected” to “better than feared”
A month ago, traders were doomscrolling Trump’s tariff posts like: “Oh no, here we go again.” Back then, economists expected tariffs to stay sky-high, with projections around 54–60%.
But when the dust settled this week, the actual rate landed at 30% on key Chinese goods, enough to bring the overall tariff estimate way down — and give the economy a $300 billion breather.
Think of it like this:
Tariffs = taxes on stuff we buy.
Lower tariffs = surprise tax cut for consumers.
Surprise tax cut = 💸 more spending + 💪 stronger economy.
Now even JPMorgan's top economists are saying the odds of a recession this year are fading fast. And Goldman? They got so excited they bumped up their S&P 500 year-end target to 6,100, with a 12-month target of 6,500.
🧭 Markets are watching… and betting
Investors are now hooked on the tariff saga like it's the final season of a binge-worthy drama. Treasury Secretary Scott Bessent’s negotiations in Geneva sparked hope that this “tariff pause” could be the first step in a longer-term détente.
That’s why markets have their eyes glued to any new trade headlines — because the next move might be:
- 📉 More easing (bulls go wild)
- 😐 Status quo (markets stay steady)
- 📈 Surprise hike (cue panic selling)
The keyword right now is expectations. Not just what happens, but whether it surprises to the upside, or ruins the party.
🤔 Asia Forex Mentor Insights
This week’s rally was all about tariffs, and how expectations shape the market.
If you’re trading FX or equities, keep an eye on macro moves like tariff policy. Shifts in trade tensions have ripple effects across currencies, consumer spending, and investor sentiment. The 90-day truce may seem short-term, but it's already moved billions in capital and flipped sentiment across the board.
Markets are showing us again: it's not just what happens, it’s what people thought would happen that really moves the needle.
MEMES OF THE DAY
Most traders stop at level 2. The pros? They live at level 4. 🚀💰
Everyone wants gains, but no one wants to respect risk.💥