Recap of the Week: Nvidia Moves, Bitcoin Record and More

🏛️ Macro Agenda: Credit Rating Pulse, Central Bank Presentation

USAMoody's downgraded the US credit rating from “AAA” to “Aa1”. Following Fitch and S&P's decision, Moody's also abandoned the US's top rating. The decision sparked a wave of selling on US exchanges at the beginning of the week. But its impact was limited compared to the tariff agenda in April.

Turkey:

• BIST 100lost about 1% in the short week due to May 19th.
• TCMB President Fatih Karahanannounced at the presentation of the 2nd Inflation Report of the year that they maintained their year-end inflation target at 24%.
• Karahan said in April that the improvement in inflation expectations had stopped, sending a message that the tight monetary policy would continue.

🚀 Company and Industry Developments of the Week

🔌 Technology and Artificial Intelligence

• Nvidia (NVDA): TSMC and Foxconn in collaboration with TSMC and Foxconn are building AI supercomputer in Taiwan. In addition, the NVLink Fusion technology and the expanded partnership with Microsoft were announced.
• AMD (AMD): At Computex 2025, it introduced a new generation of graphics cards (Radeon RX 9060 XT, AI PRO R9700) and Ryzen Threadripper 9000 processors.
• Google (GOOGL): Redesigned the search engine, introduced AI powered SGE (Search Generative Experience) in the US.

🔋 Energy and Industry

• Yeo Technology (YEOTK): Azerenergi signed a $90.49 million energy storage system agreement with CJSC in Azerbaijan.
• Kontrolmatik (KONTR): The Pomega subsidiary has exclusively cooperated with ONE of the USA for the production of LFP batteries with a capacity of 7 GWh.
• Eregli Iron Steel (EREGL) and İsdemir (ISDMR) completed large-scale furnace investments.

📱 Consumer and Electric Vehicles

• BYD (BYDY): In April, it overtook Tesla in Europe, becoming the leader with 7,231 BEV sales.
• Tesla (TSLA)Elon Musk has announced that he will remain at the head of the company.
• Vestel (VESTL): Decided to lay off 2,000 people; the aim is to increase productivity.
• Baidu (BIDU): The autonomous vehicle service began testing Apollo Go in Dubai and Abu Dhabi.

🤝 Acquisitions and Partnerships

• Levi Strauss (Levi): Sold Dockers to Authentic Brands Group for $311 million.
• Regeneron (RAIN): Will buy 23andMe Holding for $256 million at bankruptcy auction.
• AMD, ZT Systems' data center infrastructure business To Sanmina He's handing it over for $3 billion.
• Astor Energy (ASTOR): Incorporates 279 MW GES projects in Romania.
• Ekos Technology (EKOS): Received orders from Tunisia for 3.52 million euros.
• SDT Space and Defense (SDTTR): Received a new order for $998,400 from a domestic customer.

🧠 AI Infrastructure and OpenAI

• OpenAIreceived $11.6 billion investment for the new data center in Texas. The data center will be able to accommodate 50,000 Nvidia Blackwell chips.

Crypto Agenda

• BitCoin (BTC): Set new ATH at $111,814 during the week. Weekly earnings: 7+%
• JPMorgan (JPM): Announced that it will allow its customers to buy BTC.
• FIFA x Avalanche: FIFA will develop its own Layer-1 blockchain with the Avalanche infrastructure.
• SEC: Postpones decision for XRP ETF application and Solana ETFs.
• Microsoft x Space and Time (SXT): On-chain data integration has arrived on the Fabric platform.
• Worldcoin (Sam Altman): The project received $135 million in investment from A16Z and Bain Capital Crypto.

📊 Analyst Recommendations and Featured Stocks

💼 Bank of America Favorites:

• Disney (DIS)
• Palantir (PLTR)
• Planet Fitness (PLNT)

🛡️ Defense Stocks:

Stocks named in US President Trump's Golden Dome missile shield project:

• Lockheed Martin (LMT)
• Northrop Grumman (NOC)
• L3Harris Technologies (LHX)

📝 Closing Note

Over the past week, both global macro pressures and strong sector-based developments have come to the fore in the markets. Shaken by the credit rating blow in the United States, the stock markets regained momentum with investments in technology and artificial intelligence. On the Bitcoin and crypto front, on the other hand, new highs and institutional adoption have attracted attention.

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