Edition 345: 3 things investors need to know from last week!
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Mastercard Doubles Down on Stablecoins: Mastercard plans to acquire BVNK for up to $1.8 billion to expand its presence in blockchain-based payments. The deal strengthens Mastercard’s strategy to support faster, lower-cost cross-border transactions using stablecoins. As competition with Visa intensifies, the acquisition positions Mastercard to lead in the evolving digital payments ecosystem.
Source: Reuters
Nvidia Eyes $1T AI Opportunity: Nvidia is targeting a $1 trillion revenue opportunity in AI chips by 2027, driven by growing demand for real-time inference computing. CEO Jensen Huang unveiled new AI systems and CPUs leveraging Groq technology to strengthen its position beyond AI training into deployment. As competition intensifies from players like Google and others, Nvidia aims to maintain leadership in the rapidly expanding AI infrastructure market.
Source: Reuters
Oil Surges on Strait Tensions: Oil prices climbed above $102 per barrel as uncertainty grew over a U.S.-led effort to secure tanker routes through the Strait of Hormuz. Comments from Donald Trump highlighted reluctance among allies to participate, raising concerns about prolonged supply disruptions. With the strait handling a significant share of global oil shipments, ongoing tensions are fueling volatility in energy markets.
Source: CNBC
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