📊 Nasdaq Hits All Time Highs

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Happy Sunday!

A ton happened this week, so let’s get right into it.

But if you want more visuals, daily market insights, and data I don’t always share here…

You should definitely be following me on X!

Some key data bites from this week that you should know:

• Jensen Huang has started selling $865M worth of Nvidia stock.

• Palantir short sellers have paper losses of $7B since October.

• Barron’s released its 2025 Top CEOs list featuring 26 leaders.

• US IPOs are averaging a 53% return in 2025.

• Bumble will cut 30% of its global workforce.

• Tinder’s paid users have dropped for eight straight quarters.

• Amazon will invest $54B over next three years in the UK.

• CoreWeave is in talks to acquire $5B Core Scientific.

• Anthony Pompliano’s ProCap plans to hold up to $1B in Bitcoin.

• Tesla saw EU new vehicle registrations fall 41% in May.

• Salesforce says AI is doing up to 50% of the company’s work.

• Micron saw sales jump 38% on strong AI memory demand.

• War between Russia and NATO would cost the world $1.5T.

In today’s newsletter:

• 💰 $10,000 Invested In Nvidia

• 🏇 The Race To $4T

• ✔️ Nike Sales Keep Dropping

• 💵 Largest Stock Buybacks

• 📈 Nasdaq Hits All Time Highs

Let’s jump right in.

📣 Together With Money.com

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Nvidia has re-emerged from the ashes.

After falling nearly 40% from its all-time high, the stock has surged 65% and is now back at record levels.

At the company’s annual shareholder meeting, CEO Jensen Huang highlighted robotics as the next major growth frontier beyond AI, calling it a multitrillion-dollar opportunity.

• In the most recent quarter, Nvidia’s automotive and robotics division generated $567M in revenue.

• While that’s just 1% of total sales, it grew 72% YoY, pointing to a long runway ahead.

Self-driving cars are expected to be the first major application, as both the vehicles and the AI software that powers them depend on Nvidia’s chips.

Nvidia’s recent rally has propelled it back to the top.

• The AI giant is now the most valuable company in the world, with a market cap of $3.8T.

• Microsoft sits just behind at $3.7T, while Apple, whose AI rollout has underwhelmed investors, holds third at $3T.

If Nvidia crosses the $4T mark, it would become the first company in history to do so.

Are Nike’s worst days behind it?

The company reported earnings this past week that beat expectations on both revenue and profit, but the bar was low.

• EPS came in at $0.14, slightly above the $0.13 estimate.

• Revenue reached $11.10B, topping forecasts of $10.72B.

Still, the year-over-year numbers were harsh.

• EPS fell 86%, and sales dropped 12%.

• Nike said this was the deepest financial hit expected from its ongoing turnaround strategy, one it had previously guided for.

Looking ahead, the company expects declines in both sales and profit to begin leveling out.

But new headwinds are emerging.

• Nike estimates tariffs could carry a gross incremental cost of $1B, raising fresh concerns about the near-term recovery.

For the current quarter, the company expects sales to decline in the mid-single digits, in line with analyst expectations.

Stock buybacks are one of the most powerful tools companies use to return value to shareholders.

• By repurchasing their own shares, companies reduce the total number of shares outstanding, boosting earnings per share and often supporting the stock price.

• Buybacks also signal confidence from management, especially when companies believe their stock is undervalued.

Over the last twelve months ending Q1, some of the biggest names in tech have led the charge.

• Apple bought back $107B worth of stock, more than any other company.

• Google followed with $62B, and Nvidia came in third with $47B.

Markets face constant disruption, but resilience is the common thread.

• From Black Monday to 9/11, the dot-com crash to COVID, and now the rise of AI and geopolitical tensions, headlines will always continue to pour in.

Yet through it all, the Nasdaq has continued to push higher.

• Even after falling into correction territory earlier this year, it has rebounded and is now up 5% on the year.

History shows that while setbacks are inevitable, long-term growth prevails.

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Buys

• Jefferson Shreve (R)

  • Company: Microsoft ($MSFT)

    • Amount Purchased: $500K - $1M

  • Company: Nvidia ($NVDA)

    • Amount Purchased: $100K - $250K

  • Company: General Electric ($GE)

    • Amount Purchased: $50K - $100K

Sells

• Jefferson Shreve (R)

  • Company: Apple ($AAPL)

    • Amount Sold: $600K - $1.25M

  • Company: Nvidia ($NVDA)

    • Amount Sold: $500K - $1M

  • Company: Microsoft ($MSFT)

    • Amount Sold: $500K - $1M

  • Company: Amazon ($AMZN)

    • Amount Sold: $250K - $500K

  • Company: Alphabet ($GOOG)

    • Amount Sold: $200K - $500K

Buys

• Prospect Capital Corp ($PSEC)

  • Insider: John Barry (CEO)

    • # of Shares Purchased: 319,000

    • $ Amount: $1,008,646

    • SEC Forms: [1]

• Asana ($ASAN)

  • Insider: Dustin Moskovitz (President, CEO, & Chair)

    • # of Shares Purchased: 87,755

    • $ Amount: $1,137,986

    • SEC Forms: [1]

Sells

• Dell Technologies ($DELL)

  • Insider: Michael Dell (CEO)

    • # of Shares Sold: 10,000,000

    • $ Amount: $1,222,700,000

    • SEC Forms: [1]

• Oracle ($ORCL)

  • Insider: Safra Catz (CEO)

    • # of Shares Sold: 5,150,039

    • $ Amount: $1,084,422,522

    • SEC Forms: [1], [2]

🤝 Review of the Week