Headlines
•China bans Nvidia RTX 5090D V2 gaming chip during Trump-Xi summit — NVDA faces new export restriction
•Meta begins 8,000 job cuts in AI restructuring — META reduces headcount by 8,000
•Google I/O unveils Gemini 2.5 and raises capex to $180–$190B — GOOGL increases capital expenditure target
•Evercore ISI raises AMD price target to $579 from $358 — AMD receives Outperform rating upgrade
•Strait of Hormuz closure continues — Oil futures price in ongoing conflict without resolution
•Bitcoin sees $1 billion in outflows after six-week inflow streak — BTC trades at $77,000
•NVIDIA Started The AI Rally — Now Memory And Power Chip Stocks Are Stealing The Spotlight