Upcoming Fed Minutes and Nvidia Earnings!

This week spotlight will be on the Fed’s meeting minutes and the Q1 earnings from Nvidia. (Both are on Wednesday)

Below are the notable news to get you ready for the week of investing!

😃 Notable News

💻️ Microsoft AI Moves Ahead! - UK regulator has cleared Microsoft’s AI tie up with Mistral A), a leader in generative AI. Microsoft will likely make more announcement during this week’s Build event.

🤖 Reddit stock rallied 11% after it announced its deal with OpenAI to allow ChatGPT accessinto the Reddit forum. While Reddit posted a 48% sales growth, it has yet to turn a profit 👎️ 

🥇 Gold has climbed back to all time high at $2440/oz while Copper prices has gained 30% this year to more than $5.

⚡️ Notable Earnings this week!

Monday 5/13

Keysight Technologies, Palo Alto Networks, and Zoom Video Communications

Tuesday 5/14

AutoZone, Lowe's, and Toll Brothers

Wednesday 5/15

Analog Devices, e.l.f. Beauty, Nvidia, PDD Holdings, Snowflake, Synopsys, Target, TJX Cos., and Williams-Sonoma

Thursday 5/16

Deckers Outdoor, Intuit, Medtronic, Ralph Lauren, Ross Stores, Toronto-Dominion Bank, and Workday hold conference calls to discuss quarterly results.

May Your Profits Grow!

Pete
Invest with Pete

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.

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