📈 AI Stock Explodes 24%

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Good morning!

Today, we'll dive into the latest market movements, including Google's earnings miss and Palantir's impressive surge. We'll also explore the escalating US-China trade tensions, new crypto legislation, and gold's record-breaking performance.

Grab your Flat White and let's get into it! ☕️👇️

Markets

📉 Futures lower as Google earnings fall short
Stock futures slipped this morning as tensions in the US-China trade war escalated and investors reacted to earnings reports. Nasdaq 100 futures led the drop, falling 0.7%, with the S&P 500 down 0.5% after disappointing results from Alphabet and AMD. The Dow dipped 0.2%, reversing the previous session's gains. Meanwhile, Trump’s new 10% tariffs on Chinese goods met swift retaliation, with Xi Jinping slapping tariffs on 80 US products, and Trump showing no urgency to negotiate an end to the standoff.

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🔻 Alphabet stock tumbles after cloud revenue miss, spending growth
Alphabet’s Q4 earnings beat expectations on EPS but disappointed on cloud revenue, sending the stock down 6.82% overnight. The tech giant is ramping up capital expenditures to $75 billion for the year ahead, up from $57.9 billion. Meanwhile, China launched an antitrust probe into Google, widely seen as retaliation for Trump’s new tariffs.

🤯 Palantir soared 24% yesterday to record high as AI powers strong earnings
Palantir skyrocketed 24% to a record high after crushing Q4 expectations, fueled by strong AI-driven growth. CEO Alex Karp hailed the company’s momentum in both commercial and government sectors as “unlike anything that has come before.” U.S. commercial revenue soared 64%, while government revenue jumped 45% year over year, reinforcing Palantir’s dominance in AI-powered analytics.

🤔 Legislators push to move crypto laws within Trump's first 100 days
Congress is set to pass stablecoin legislation within Trump’s first 100 days, signaling a pro-crypto shift from the White House. With Republicans in full control, they’re expected to lead the charge on regulating the booming but unstructured sector. Sen. Tim Scott and White House crypto czar David Sacks have launched a working group to fast-track key digital asset laws, reinforcing Trump’s crypto-friendly stance.

🥇 Gold price near all-time high
Gold is holding strong above $2,820 after hitting an all-time high, as investors flock to safe-haven assets amid bitcoin volatility and shaky global markets. The surge comes after China imposed retaliatory tariffs on U.S. goods, adding to economic uncertainty. Meanwhile, traders are eyeing key U.S. jobs data later this week, which could further impact market sentiment.

Tariffs

What tariffs are China imposing on the US – and why are they significant?

President Donald Trump said on Tuesday he is in no hurry to speak to Chinese President Xi Jinping to defuse a new trade war sparked by his sweeping 10% tariffs on all Chinese imports.

In his remarks, Trump reiterated that the tariffs were aimed at countering Beijing’s role in fostering an uneven trade relationship, echoing language from previous disputes. At the same time, China responded swiftly by imposing retaliatory tariffs on select U.S. goods and taking steps such as placing major companies on its “unreliable entity” list, signaling a determination to safeguard its interests

Everyday American consumers are already bracing for higher prices, as importers pass on the added cost of tariffs to products ranging from electronics and clothing to household items

The added expense, effectively a hidden tax, has tightened budgets at a time when inflation remains a concern. Looking ahead, top officials from both nations are expected to engage in high-level talks, with many analysts warning that without meaningful progress, further tit-for-tat measures could disrupt global supply chains and deepen economic uncertainty

As the situation unfolds, the coming days will be crucial in determining whether diplomacy can ease tensions or if consumers will face more price hikes and economic fallout.

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