📈 NVDA Passes $1T Mark

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Good Morning!

President Joe Biden and House Speaker Kevin McCarthy have agreed to give that good ol' U.S. national debt limit a much-needed boost. Now, let's hope they can convince the rest of Congress.

Turkish President Erdogan won a re-election victory, but, the Lira decided to take a nosedive to new all-time lows. Nvidia is hitting the big leagues and just soared past the jaw-dropping $1 trillion valuation mark. That's trillion with a capital T! Let us know what you think about the AI craze below:

Grab your triple-shot, half-caff, no-foam, extra-whip, caramel drizzle frappé and let's get into it ☕️👇️

Markets

How the Stock Market Is Reacting to the Debt Ceiling Deal (4 minute read)
President Joe Biden and House Speaker Kevin McCarthy have finally agreed to give that U.S. national debt limit a boost. You'd expect this to make the stock market go wild, right? Well, brace yourselves, because according to some analysts, it looks like we might be stuck in a Groundhog Day scenario of last week's performance: the Nasdaq will be a little higher, the Dow will be flat, and the S&P 500 will give us a little wink with a slight increase.

Investing

Nvidia surges past $1 trillion valuation amid boom in AI interest (1 minute read)
Nvidia, the chipmaking superstar, just skyrocketed past the $1 trillion valuation mark - They've joined an elite club of just nine companies who can proudly wear the trillion-dollar crown. CEO Jensen Huang pulled out all the stops and unveiled a mind-blowing new supercomputing platform that sent their shares soaring 4% to blow past the valuation benchmark. They attribute this astronomical success to the crazy buzz around AI development that's spreading like wildfire. Grab your futuristic shades and buckle up.

Prediction: These 6 AI Stocks Will Be Worth a Combined $20 Trillion by 2030 (6 minute read)
You won't believe it, but out of the seven biggest stocks on U.S. exchanges, a whopping six of them are all about AI. These AI powerhouses have a jaw-dropping combined market cap of around $9.5 trillion. But hold your horses, because they're aiming for the stars and want to reach a mind-boggling $20 trillion by 2030. How will they pull off this futuristic feat, you ask? Well, our pals at The Motley Fool have got the scoop in their handy breakdown.

Turkish lira continues slide to new record lows (5 minute read)
The Turkish lira seems to be on a roller coaster ride, and it's not a fun one. It just hit yet another all-time low. President Erdogan won the re-election and snagged 52.14% of the votes, while his opponent got 47.86%. But here's the kicker: the lira has lost over 7% of its value since the year started.

Money

Higher Credit Score Now Means Higher Mortgage Fees Or Rates (5 minute read)
Let's talk about the wild world of credit scores and mortgage rates. Here's the deal: usually, the higher your credit score, the lower your mortgage rate. But hold onto your hats - things have changed! Before May 1, 2023, if your credit score was 740 or above, you'd pay a 0.25% fee, which adds up to $1,250 on a $500,000 loan. But wait for it... after May 1, the fee can go up to a hefty 0.375%, which means you might be shelling out $1,875 for that same loan. Now, I know it sounds like a bummer, but hold tight because our trusty guide, the Financial Samurai, is here to explore if there's a silver lining in this crazy, upside-down incentive structure.

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