What a week for global markets.
• Nvidia reported its biggest quarter ever:
Revenue hit $81.6B, profits crossed $58B, and the company announced an $80B buyback.
Yet the stock barely moved. Markets now expect AI companies to keep delivering massive numbers every quarter.
• The US bond market is flashing caution:
The 30-year US Treasury yield crossed 5.12%, the highest level since 2007.
Higher US yields usually mean a stronger dollar, pressure on emerging markets, and tougher conditions for global equities.
• SpaceX officially filed for IPO:
Target valuation could touch $2 trillion, making it the biggest IPO ever.
And right after that, reports suggested OpenAI may also file for an IPO later this year.
• Global markets this week:
US markets stayed resilient despite rising yields.
Europe rallied on easing geopolitical tensions.
Japan surged on AI optimism.
India gained too, led by IT and private banks, even as oil prices and FII outflows stayed a concern.
One big takeaway:
AI investing is shifting from excitement-driven rallies to earnings-driven compounding. The companies are still growing fast, but markets now expect perfection.
To read Vested Shorts, click: Vested Shorts: Nvidia's best quarter with $81B revenue didn't move the needle, the world's biggest IPO at $2T is just a few days away but with a copycat, and the bond market hit an 18-year high of 5.12%. So what?