Group 1: Consumer Confidence and Economic Indicators - The US Consumer Confidence Index improved in May, with the current conditions index rising to 135.9 and the expectations index soaring to 72.8, marking a rebound after five consecutive months of decline [2] - The decline in core capital goods orders by 1.3% in April represents the largest drop since October, driven by a decrease in durable goods orders, particularly commercial aircraft [2][3] - The S&P CoreLogic Case-Shiller National Home Price Index showed a year-over-year increase of 3.4% in March, down from 4% in February, indicating a slowdown in home price growth due to increased housing inventory and limited buyer demand [2] Group 2: Japanese Economic Outlook - The Bank of Japan's Governor, Kazuo Ueda, warned of potential inflation risks from rising food prices, suggesting a possible signal for further interest rate hikes [4][5] - Japan's debt-to-GDP ratio stands at 260%, raising concerns about fiscal stability as the government considers adjusting its bond issuance strategy [4] - Despite recent challenges in the bond market, Japan's economic fundamentals remain strong, with rising inflation indicating economic overheating and increased tourist activity [5] Group 3: Precious Metals Market - Platinum prices surged to a new high of $1,104.8 per ounce, reflecting a more than 10% increase over the week, driven by geopolitical factors and strong demand from the automotive industry [6][7] - The World Platinum Investment Council forecasts a supply shortage of 1 million ounces by 2025, highlighting the industrial demand for platinum, particularly in emissions control [6][7] Group 4: Microsoft and AI Developments - Microsoft unveiled its comprehensive strategy for AI at the Build 2025 developer conference, launching over 10 AI tools and 50 product updates, aiming to establish a leading position in the AI ecosystem [8] - Deutsche Bank maintained a "Buy" rating on Microsoft, projecting a target price of $475, citing the company's extensive product coverage and user base as key advantages in monetizing AI [8][9] Group 5: Institutional Investment Trends - The California Public Employees' Retirement System reduced its stake in Apple by 5.1 million shares, signaling a potential decline in institutional confidence in the company amid tariff-related challenges [10] - The fund increased its holdings in Meta, AMD, and McDonald's, which are less affected by tariffs and have a higher degree of localized manufacturing and service provision [10][11]

Group 1 - Nvidia remains a significant market for China, with projected revenue of $17.1 billion in the fiscal year 2025 [1][3] - On April 2, 2023, the U.S. announced tariffs on imported goods, leading to a sharp decline in stock prices for major tech companies, including Apple (down nearly 7%), Nvidia (down nearly 6%), Tesla (down over 8%), and Amazon (down over 6%) [1] - Despite the challenges posed by tariffs, China continues to be a crucial market for companies like Apple and Nvidia [1] Group 2 - President Trump announced a 10% uniform tariff on all U.S. imports, with specific increases for certain countries, including a 34% tariff on Chinese imports and 24% on European and Japanese imports [2] - Over 80% of Apple's 200 major suppliers have factories in China, emphasizing the importance of China in Apple's supply chain [2] - Nvidia plans to invest $500 billion over the next four years in U.S.-made chips and electronic components, aiming to reduce supply chain concentration [2] Group 3 - TSMC, Nvidia's main foundry, has begun production at its 4nm chip factory in the U.S., marking the first large-scale production of advanced chips in the U.S. [3] - TSMC plans to invest between $25 billion and $65 billion in the U.S. to build a third wafer plant in Arizona by 2030 [3] - Despite strict export restrictions on advanced chips to China, the demand for Nvidia chips has surged, driven by applications like DeepSeek in artificial intelligence [3]