Trump Claims Historic Trade Deal with EU
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TRADE DEAL:President Donald J. Trumpon Truth Social, "I had a great call with The President of the European Commission, Ursula von der Leyen. We discussed many topics, including that we are completely united that Iran can never have a Nuclear Weapon. We agreed that a regime that kills its own people cannot control a bomb that can kill millions. I've been waiting patiently for the EU to fulfill their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever! A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels. Thank you for your attention to this matter."STRAIT OF HORMUZ:In a post on Truth Social, President Trump, "Three World Class American Destroyers just transited, very successfully, out of the Strait of Hormuz, under fire. There was no damage done to the three Destroyers, but great damage done to the Iranian attackers. They were completely destroyed along with numerous small boats, which are being used to take the place of their fully decapitated Navy. These boats went to the bottom of the Sea, quickly and efficiently. Missiles were shot at our Destroyers, and were easily knocked down. Likewise, drones came, and were incinerated while in the air. They dropped ever so beautifully down to the Ocean, very much like a butterfly dropping to its grave! A normal Country would have allowed these Destroyers to pass, but Iran is not a normal Country. They are led by LUNATICS, and if they had the chance to use a Nuclear Weapon, they would do it, without question - But they'll never have that opportunity and, just like we knocked them out again today, we'll knock them out a lot harder, and a lot more violently, in the future, if they don't get their Deal signed, FAST! Our three Destroyers, with their wonderful Crews, will now rejoin our Naval Blockade, which is truly a "Wall of Steel."Meanwhile, The New York Timesthat Iranian officials said they are in talks with U.S. on a one-page proposal to reopen the Strait of Hormuz and end hostilities for 30 days while they try to reach a comprehensive peace settlement. Sources tell the Times' Farnaz Fassihi the plans has three main parts: the lifting of the U.S. blockade on Iranian ships and ports, the opening of the strait to commercial traffic, and an end to the fighting.PROJECT FREEDOM:Saudi Arabia and Kuwait have lifted restrictions on the U.S. military's use of their bases and airspace and the Trump administration is now looking to restart "Project Freedom" to guide commercial ships with naval and air support, which it had paused after 36 hours this week, U.S. officials told's Lara Seligman, Summer Said, Shelby Holliday and Costas Paris.NVIDIA CHIPS:A firm linked to Thailand's national AI initiative is suspected of helping smuggle billions of dollars' worth of Super Micro Computerservers containing advanced Nvidiachips to China, Bloomberg's Mackenzie Hawkins and Kari Soo Lindberg. Some of the $2.5B worth of servers sold to OBON allegedly went to Alibaba, according to people familiar with the matter. "Alibaba has no business relationship with Super Micro, OBON or any third-party brokers who may have been mentioned in the indictment in question," a spokesperson for the Chinese company said. "We have no involvement in the alleged smuggling activities. We do not currently use, and have never used, any banned Nvidia chips at our data centers."CHINA TRIP:The Trump administration is planning to bring executives from major companies including Nvidia, Apple, Exxon, Boeing, Qualcomm, Blackstone, Citigroup, and Visaon the president's trip to China next week, with additional CEOs expected to seek invitations in the coming days, Semafor's Liz Hoffman.
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Nvidia Surpasses $5 Trillion Market Cap, Future Looks Promising
- Market Cap Milestone: Nvidia recently surpassed a $5 trillion market cap, and while short-term fluctuations are common, long-term investors are focused on the $10 trillion target, reflecting strong market confidence in its future growth.
- Revenue Growth Expectations: Wall Street analysts project a 72% revenue growth for Nvidia this year, driven by its dominance in the AI chip market and the ongoing undersupply of data center chips, indicating the company will continue to benefit from the AI infrastructure build-out in the coming years.
- Profitability Analysis: Currently trading at a price-to-earnings ratio of about 43, Nvidia would need to generate $333 billion in net income at a 30 P/E ratio to justify a $10 trillion market cap, showcasing its robust profitability and market recognition of its valuation.
- Future Outlook: Analysts estimate Nvidia's sales will reach $484 billion next year, up from $370 billion this year, reflecting a 31% growth; considering the market's historical underestimation of its growth, investors have reasonable grounds to believe Nvidia could achieve a $10 trillion market cap within three years.
S&P 500 Index Continues to Reach New Highs
- Strong Market Performance: Despite geopolitical conflicts and fluctuating oil prices, the S&P 500 index has risen nearly 8% this year, marking the fourth consecutive year of gains, demonstrating market resilience and investor confidence.
- Historical Review: After a 19% loss in 2022, the S&P 500 has rebounded by 92%, and since the 2008 financial crisis, it has surged 715%, highlighting the market's recovery capability and the potential of long-term investing.
- Investment Strategy Advice: Continuing to invest at market highs is wise; over the long term, consistency and regular contributions can significantly enhance portfolio compounding, potentially yielding over $500,000 after 30 years of investing.
- Stock Selection Recommendations: While the S&P 500 performs well, the analyst team has identified 10 top stocks that do not include the index, emphasizing the importance of selecting quality stocks at high valuations to achieve superior returns.
Corning Partners with Nvidia for $3.2 Billion Investment
- Partnership Overview: Corning's multi-year partnership with Nvidia is set to result in up to $3.2 billion in investment, marking a significant collaboration in optical technology that will further bolster U.S. manufacturing capabilities.
- Capacity Expansion Plan: Under the agreement, Corning will establish three advanced manufacturing facilities in North Carolina and Texas, which is expected to increase U.S. optical connectivity manufacturing capacity tenfold and create over 3,000 jobs, significantly enhancing the company's competitive position in the market.
- Strong Financial Performance: Corning reported an 18% year-over-year increase in adjusted sales for Q1 2026, reaching $4.35 billion, with the optical communications segment seeing a remarkable 36% growth to $1.85 billion, indicating robust business momentum.
- Long-Term Growth Strategy: Corning has extended its long-term growth plan through 2030, anticipating an annualized sales run rate of $20 billion by the end of 2026, compounded at a 19% annual rate thereafter, reflecting the company's confidence and strategic positioning for future market opportunities.
Corning Partners with Nvidia to Boost AI Infrastructure Manufacturing
- Strategic Partnership: Corning has entered a multi-year partnership with Nvidia to establish three advanced manufacturing facilities in North Carolina and Texas, which is expected to increase U.S. optical connectivity manufacturing capacity tenfold and create over 3,000 jobs, significantly enhancing the company's competitive position in the AI infrastructure market.
- Financial Commitment: Nvidia has committed $500 million through pre-funded warrants, with potential total investments reaching $3.2 billion, which not only provides Corning with essential funding but also ensures Nvidia's supply chain stability as it scales its next-generation AI systems.
- Strong Performance Growth: Corning reported an 18% year-over-year increase in adjusted sales to $4.35 billion in Q1, with the optical communications segment seeing a remarkable 36% rise to $1.85 billion, indicating robust business momentum in AI and optical technologies.
- Long-Term Growth Plan: Corning has extended its long-term growth plan through 2030, projecting annual sales to reach $20 billion by 2026 and compound at a 19% annual rate thereafter, reflecting the company's confidence and strategic positioning for future market opportunities.
Creative Ways to Invest in Anthropic Before IPO
- Diverse Investment Options: Investors can indirectly invest in Anthropic through funds like the KraneShares Artificial Intelligence and Technology ETF, ARK Venture Fund, and Destiny Tech100, which hold 2.6%, 3.0%, and a recent investment in Anthropic, respectively, providing diversified investment choices to mitigate risk.
- Strong Fund Performance: The KraneShares ETF has risen 17% in 2026, while Destiny Tech100 has shown even stronger performance with a 30% increase, indicating the investment potential and market appeal of these funds in the rapidly evolving AI sector.
- Management Fee Considerations: Although ARKVX has a high management fee of 2.75% and Destiny Tech100 charges 2.5%, investors must weigh these costs against potential returns to ensure the effectiveness of their investments in these high-growth areas.
- Market Volatility Risks: Given the high volatility in the AI industry, investors should be aware of the risks when selecting these funds; despite the high fees, diversified investments can help mitigate risks associated with individual companies.
Uber's Q1 Results Spark 8% Stock Surge
- Significant Revenue Growth: Uber's Q1 revenue rose 14% year-over-year to over $13 billion, and despite accounting changes trimming reported growth, the underlying business momentum indicates strong competitive positioning in the market.
- Robust Gross Bookings: Gross bookings surged 25% to $53.7 billion, marking the third consecutive quarter of growth above 21%, reflecting strong performance in both ride-sharing and delivery segments.
- Enhanced Profitability: Adjusted operating income increased 42% year-over-year to $1.9 billion, with adjusted earnings per share jumping 44%, while free cash flow reached $2.3 billion in a single quarter, showcasing Uber's improved cash-generating capabilities.
- Membership Program Expansion: Uber surpassed 50 million Uber One members in April, with members now driving half of mobility and delivery gross bookings, further enhancing customer loyalty and market share.
Nvidia Surpasses $5 Trillion Market Cap, Future Looks Promising
- Market Cap Milestone: Nvidia recently surpassed a $5 trillion market cap, and while short-term fluctuations are common, long-term investors are focused on the $10 trillion target, reflecting strong market confidence in its future growth.
- Revenue Growth Expectations: Wall Street analysts project a 72% revenue growth for Nvidia this year, driven by its dominance in the AI chip market and the ongoing undersupply of data center chips, indicating the company will continue to benefit from the AI infrastructure build-out in the coming years.
- Profitability Analysis: Currently trading at a price-to-earnings ratio of about 43, Nvidia would need to generate $333 billion in net income at a 30 P/E ratio to justify a $10 trillion market cap, showcasing its robust profitability and market recognition of its valuation.
- Future Outlook: Analysts estimate Nvidia's sales will reach $484 billion next year, up from $370 billion this year, reflecting a 31% growth; considering the market's historical underestimation of its growth, investors have reasonable grounds to believe Nvidia could achieve a $10 trillion market cap within three years.
S&P 500 Index Continues to Reach New Highs
- Strong Market Performance: Despite geopolitical conflicts and fluctuating oil prices, the S&P 500 index has risen nearly 8% this year, marking the fourth consecutive year of gains, demonstrating market resilience and investor confidence.
- Historical Review: After a 19% loss in 2022, the S&P 500 has rebounded by 92%, and since the 2008 financial crisis, it has surged 715%, highlighting the market's recovery capability and the potential of long-term investing.
- Investment Strategy Advice: Continuing to invest at market highs is wise; over the long term, consistency and regular contributions can significantly enhance portfolio compounding, potentially yielding over $500,000 after 30 years of investing.
- Stock Selection Recommendations: While the S&P 500 performs well, the analyst team has identified 10 top stocks that do not include the index, emphasizing the importance of selecting quality stocks at high valuations to achieve superior returns.
Corning Partners with Nvidia for $3.2 Billion Investment
- Partnership Overview: Corning's multi-year partnership with Nvidia is set to result in up to $3.2 billion in investment, marking a significant collaboration in optical technology that will further bolster U.S. manufacturing capabilities.
- Capacity Expansion Plan: Under the agreement, Corning will establish three advanced manufacturing facilities in North Carolina and Texas, which is expected to increase U.S. optical connectivity manufacturing capacity tenfold and create over 3,000 jobs, significantly enhancing the company's competitive position in the market.
- Strong Financial Performance: Corning reported an 18% year-over-year increase in adjusted sales for Q1 2026, reaching $4.35 billion, with the optical communications segment seeing a remarkable 36% growth to $1.85 billion, indicating robust business momentum.
- Long-Term Growth Strategy: Corning has extended its long-term growth plan through 2030, anticipating an annualized sales run rate of $20 billion by the end of 2026, compounded at a 19% annual rate thereafter, reflecting the company's confidence and strategic positioning for future market opportunities.
Corning Partners with Nvidia to Boost AI Infrastructure Manufacturing
- Strategic Partnership: Corning has entered a multi-year partnership with Nvidia to establish three advanced manufacturing facilities in North Carolina and Texas, which is expected to increase U.S. optical connectivity manufacturing capacity tenfold and create over 3,000 jobs, significantly enhancing the company's competitive position in the AI infrastructure market.
- Financial Commitment: Nvidia has committed $500 million through pre-funded warrants, with potential total investments reaching $3.2 billion, which not only provides Corning with essential funding but also ensures Nvidia's supply chain stability as it scales its next-generation AI systems.
- Strong Performance Growth: Corning reported an 18% year-over-year increase in adjusted sales to $4.35 billion in Q1, with the optical communications segment seeing a remarkable 36% rise to $1.85 billion, indicating robust business momentum in AI and optical technologies.
- Long-Term Growth Plan: Corning has extended its long-term growth plan through 2030, projecting annual sales to reach $20 billion by 2026 and compound at a 19% annual rate thereafter, reflecting the company's confidence and strategic positioning for future market opportunities.
Creative Ways to Invest in Anthropic Before IPO
- Diverse Investment Options: Investors can indirectly invest in Anthropic through funds like the KraneShares Artificial Intelligence and Technology ETF, ARK Venture Fund, and Destiny Tech100, which hold 2.6%, 3.0%, and a recent investment in Anthropic, respectively, providing diversified investment choices to mitigate risk.
- Strong Fund Performance: The KraneShares ETF has risen 17% in 2026, while Destiny Tech100 has shown even stronger performance with a 30% increase, indicating the investment potential and market appeal of these funds in the rapidly evolving AI sector.
- Management Fee Considerations: Although ARKVX has a high management fee of 2.75% and Destiny Tech100 charges 2.5%, investors must weigh these costs against potential returns to ensure the effectiveness of their investments in these high-growth areas.
- Market Volatility Risks: Given the high volatility in the AI industry, investors should be aware of the risks when selecting these funds; despite the high fees, diversified investments can help mitigate risks associated with individual companies.
Uber's Q1 Results Spark 8% Stock Surge
- Significant Revenue Growth: Uber's Q1 revenue rose 14% year-over-year to over $13 billion, and despite accounting changes trimming reported growth, the underlying business momentum indicates strong competitive positioning in the market.
- Robust Gross Bookings: Gross bookings surged 25% to $53.7 billion, marking the third consecutive quarter of growth above 21%, reflecting strong performance in both ride-sharing and delivery segments.
- Enhanced Profitability: Adjusted operating income increased 42% year-over-year to $1.9 billion, with adjusted earnings per share jumping 44%, while free cash flow reached $2.3 billion in a single quarter, showcasing Uber's improved cash-generating capabilities.
- Membership Program Expansion: Uber surpassed 50 million Uber One members in April, with members now driving half of mobility and delivery gross bookings, further enhancing customer loyalty and market share.
