Tech & AI Stocks Under Pressure / Saudi Arabia Eyes Resource Investments

Key Highlights

1. Last week, investors took some money off the table, triggering pullbacks in equity markets and metal prices, with tech and AI stocks facing notable sell-offs
2. Saudi Arabia's interest in acquiring resource projects in Brazil and Chile is a strong endorsement for juniors in the region
3. Shares of a copper junior under coverage were up 24% last week
4. Rising Realized HODL ratio (RHODL) and hash rates suggest a favorable near-term outlook for Bitcoin (BTC)
5. Canadian AI startup has secured US$500M in funding, valuing it at 157 times its annualized revenue, reflecting the strong demand for AI technologies