Gold & Oil Surge on Rising Geopolitical Tensions / A Mega AI IPO on the Horizon
Market Intel Weekly
Gold & Oil Surge on Rising Geopolitical Tensions / A Mega AI IPO on the Horizon
ByFRC Team
Key Highlight
The S&P 500 dropped 1% today after Iran launched missiles at Israel, escalating tensions in the Middle East. Gold and oil edged higher, with gold currently trading at US$2,670/oz, reaching record highs.
Shares of an oilfield services company are up 50% since our previous report in August 2024, and 428% since our initial report in July 2022.
Last week, our top picks were up 1% on average while the benchmark (TSXV) fell by 2%.
Microsoft (NASDAQ: MSFT) and BlackRock (NYSE: BLK) are launching a US$30B fund to invest in AI-focused data centers in the U.S.; discover which sectors are likely to gain from such deals.
AI chipmaker Cerebras Systems, aiming to rival Nvidia (NASDAQ: NVDA), is gearing up for an IPO valued at US$7–US$8B, or 100x revenue!
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