Headlines of the Week: SoftBank-Nvidia Relationship and Crypto Developments

This Week's Headlines

Many developments have caught the attention of investors. With the longest government shutdown in U.S. history coming to an end, a new era has begun in the markets. However, uncertainties about the economy continue. White House press secretary Karoline Leavitt emphasized that no announcements may be made for some upcoming economic data.

SoftBank's Sale of Nvidia

Japanese real estate and technology giant SoftBank (SFTBY) announced that it has sold all of its shares in U.S. semiconductor company Nvidia (NVDA) for $5.83 billion. The company reported that it had put 32.1 million Nvidia shares up for sale in October. SoftBank has also sold part of its T-Mobile (TMUS) shares for $9.17 billion.

Turkcell and Google Cloud Partnership

Turkcell (TCELL) has signed a strategic agreement with Google Cloud. This partnership aims to facilitate the provision of Google Cloud services in Turkey and support organizations in adopting cloud technologies. As part of the agreement, a new Google Cloud region will be established in Turkey between 2028-29.

A.I. and New Investments

AMD (AMD) has announced its growth targets for the future. The company expects an annual revenue growth of 35% and earnings per share to exceed $20 within the next three to five years. Additionally, a $3 billion artificial intelligence infrastructure agreement has been made between Nebius (NBIS) and Meta Platforms (META).

ETF Developments in the Crypto World

The U.S. Department of the Treasury has issued new guidelines allowing ETFs to engage in staking. This change is expected to increase the adoption of proof-of-stake blockchains like Ethereum (ETH) and Solana (SOL). Moreover, the first ETF tracking XRP (XRP) has started trading on Wall Street, generating a trading volume of $58 million.

Visa (V) has also introduced a new payment system. This system allows businesses to send payments directly to stablecoin wallets.

Analyst Recommendations

This week, analysts' favorites include stocks that are prominent in artificial intelligence, as well as stocks recommended by BofA from the financial sector. BofA rates Amcor (AMCR), Freeport-McMoRan (FCX), AT&T (T), J.B. Hunt Transport Services (JBHT), Walt Disney (DIS), and Progressive (PRGS) with a Buy rating.