Nvidia Becomes World’s Most Valuable Company, Surpassing Microsoft

Hello, Market Reader’s

Asian stocks surged Tuesday amid renewed hope for a breakthrough in U.S.-China relations as Trump-Xi talks approach. South Korea’s KOSPI, which jumped nearly 2% following a conservative win signaling strong investor confidence in pro-business reforms. Markets are clearly responding to signs of geopolitical easing and domestic policy stability.

Today’s Global Menu

• Focal Point

• World Markets

• Frontier News

• Crypto World

Focal Point

Nvidia overtakes Microsoft to become World’s most valuable company again

Nvidia has just leapfrogged Microsoft to reclaim its spot at the top of the public markets, hitting a staggering $3.45 trillion in market cap.

From a gaming GPU manufacturer to the core engine of the AI era, Nvidia’s rise has been nothing short of legendary. Its dominance in powering large-scale AI workloads from OpenAI to Meta and Google has made its chips the new oil of the tech world. This isn’t just a momentary spike; it’s the crown jewel move in the AI gold rush.

What’s fascinating is how Nvidia’s vision and timing collided perfectly with an inflection point in global tech demand. It didn’t try to become everything it became indispensable in one thing: accelerated AI computing.

Meanwhile, Microsoft, with its heavy investment in OpenAI and enterprise AI integration, still plays a formidable game. But this shift raises a bigger question for the tech industry:

👉 Is AI infrastructure the new cloud?
👉 And are we entering an era where hardware outpaces software in driving valuation?

As Nvidia’s momentum grows, the race isn't just about valuation anymore. It's about who powers the next phase of intelligence.

World Markets

💸 Undervalued: Toyota Industries plunged 13% its steepest drop in 10 months after Toyota Group unveiled a $33B plan to privatize the firm. The tender offer underwhelmed investors, priced below recent highs, stoking frustration over valuation.

📉 Tumbling: Tesla’s UK sales nosedived last month, down 46% year-over-year, even as EV demand surged across the market. The drop hints at reputational and competitive pressure particularly as Chinese rivals like BYD double down.

⚛️ Powerplay: Meta just inked a 20-year deal with Constellation to power its AI ambitions using 1.1 GW of clean nuclear energy. The agreement secures the Clinton plant’s future and could be a tipping point for nuclear resurgence. With some nuclear stocks forecasted to pop as much as 94%.

FRONTIER NEWS

1. Australia’s Economy Stalls, RBA on Watch
Australia’s Q1 GDP flatlined at 1.3%, missing forecasts as public spending and exports slumped. The Reserve Bank’s recent rate cut to 3.85% may not be the last as policymakers weigh soft demand against lingering inflation.

2. Oil Steady Amid Wildfires, Supply Fears, and Trade Tensions
Oil prices are holding firm after Canadian wildfire disruptions and a steep U.S. inventory drop, but the broader picture remains shaky. With OPEC+ upping output and global growth forecasts dimming, the market’s bullish tilt feels more like a balancing act than a breakout.

3. Wells Fargo Unshackled, Fed Lifts Growth Cap
After seven years in regulatory timeout, Wells Fargo finally got the Fed’s green light to grow again. The lifted asset cap marks a major milestone following its fake-accounts scandal and could supercharge its lending, deposits, and M&A ambitions.

Crypto World

⚖️ Confusion Reigns: SEC Commissioner Slams Crypto Mixed Signals: SEC Commissioner Caroline Crenshaw is calling out her own agency for regulatory whiplash, warning that conflicting stances on ETH and SOL risk plunging markets into chaos. While staff memos claim these assets aren’t securities.

🌍 Singapore Tells Crypto Firms, Stay Local or Stand Down: In a bold regulatory shift, Singapore's MAS is ordering local crypto firms to halt overseas operations by June 30 unless properly licensed. The move tightens its grip on outbound digital token activity no transitional wiggle room given.

📈 Norwegian Block Exchange Soars 138% on Bitcoin Treasury Bet: NBX shares rocketed 138% in a single day after the exchange revealed plans to buy and hold Bitcoin as treasury reserve. Use BTC to back a new Cardano-based stablecoin and eventually offer Bitcoin-backed loans.

💸 Bitcoin Profit-Taking Spikes After Golden Cross: Bitcoin may be riding high near $105K, but savvy holders are cashing in. On-chain data shows hourly realized profits have exceeded $500M multiple times post-golden cross, marking the strongest sell signals since February.

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