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Good Morning.
A massive power play is unfolding in the chip sector: Nvidia and AMD quietly struck a deal with the White House to hand over 15% of all their China chip sales revenue. But what does that mean for investors, and how can you play the angle?
And why were Ethereum and other altcoins like XRP and LINK up so much last week? More importantly, why are analysts now targeting 360% growth for ETH this market cycle?
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📰 Market Headlines
S&P 500 sprinted 2.5% higher last week as Apple's $100 billion US investment powered tech shares higher.
The Nasdaq soared nearly 4% to a fresh record close, while the Dow jumped 1.4%.
Nvidia and AMD have made a deal with the White House. In exchange for export licenses (read: the ability to sell chips to China), they’ll be handing the government 15% of ther profits on certain chips sold to China. This move is unprecedented, but what does it mean for investors? The angle is clear: the AI industry is not done growing. Yes, that is a simple take. We know you may be thinking, “Is that really all there is to it? That’s the narrative here?” But support for that simple thesis is all around us: Nvidia will sell to China again, meaning its revenues will increase even more. Wells Fargo analysts think that $NVDA could rise 20% from here because of China sales alone. Meanwhile, JP Morgan just raised its price target for CoreWeave to $145, which would be an 11.5% increase from $CRWV’s current price. And CoreWeave’s price-to-sales ratio is already 22.25 (industry average is only 8). If we were looking for consistent gains, the Magnificent 7 would be the play to get exposure to AI—but more aggressive investors are probably looking at the companies that provide services and goods to make AI happen (i.e., cloud computing and semiconductors). One such example would be cloud compute solutions company Astera Labs $ALAB—which has seen a 778.76% increase in YoY net income growth, a 149.74% increase in revenue growth YoY, and serious bullish price momentum.
Ethereum has had a crazy week. It rose 18% over five days to briefly touch $4,328 this morning—and analysts are now setting massive new price targets for ETH during this bull market. The crypto seemed to have caught a greater wave of positive news and sentiment rushing through the altcoin market. Other altcoins ran as well, including Chainlink (+40%) on news that it would launch a funded reserve, XRP (+16%) with an announcement that it will buy a stablecoin payments platform, and Hyperliquid (+25%) and Solana (+15%) following the general hype. It looks like traders who won big on ETH last week are rotating back into Bitcoin, though, as BTC just cleared $122,000 this morning. This back and forth movement of capital between Bitcoin and altcoins is common in a bull market. Remember: the flow of cash in crypto goes BTC → ETH → other altcoins, but that pattern usually occurs multiple times in a cycle. Meaning, Bitcoin ran to $122,000, but it will likely run again (probably multiple times) before this cycle is through. Fundstrat’s Tom Lee is still targeting a $250,000 BTC this market cycle, after all.
One trader in particular thinks that ETH is riding a perfect upward channel right now, and that we’ve been in an accumulation zone this whole time. The target he listed in his Twitter analysis was massive.
President Trump floated the idea of tariff rebate checks for Americans from the flood of new tariff revenue, saying, "We may very well make a dividend to the people of America."
The government collected almost $30 billion in tariff revenue in July alone. That's a staggering 242% increase from last year.
Billionaire investor Bill Ackman pitched merging Fannie Mae and Freddie Mac to reduce mortgage rates and create operational synergies.
The Trump administration is reportedly eyeing an IPO of both enterprises later this year, with a potential combined valuation approaching $500 billion.
😱 Fear and Greed Index
🧠 The Missing (Market) Links
Generative AI arrived at online checkout, triggering what experts call a seismic shift for internet shopping.
Should you buy gold and platinum from Costco?
OpenAI refuses to disclose GPT-5's energy consumption, but researchers estimate it uses up to 40 watt-hours per medium-length response, potentially consuming electricity equivalent to 1.5 million US homes daily.
Veteran analyst David Trainer warns that Peloton's recent 10% post-earnings stock jump is a classic meme stock trap, claiming the company has a negative economic book value and "could really go bankrupt."
How many bank accounts should you have, according to CNBC?
📊 Chart of the Day
U.S. Stock Market at its most expensive valuation since the Great Depression 🚨 Probably Fine? 🤔
— #Barchart (#@Barchart)
5:10 AM • Aug 11, 2025
🚚 Market movers
UnitedHealth’s $3.3 billion acquisition of Amedisys moved forward after the companies settled with the DOJ.
Intel axed over 5,000 employees, with its Linux driver teams hollowed out, raising alarms about future product support.
UPS chopped 20,000 jobs as it leans into automation and shrinks its Amazon business.
Nextdoor trimmed 12% of its staff, aiming to cut $30 million in expenses and finally chase profitability.
🪙 Crypto
White House crypto adviser Bo Hines announced his departure after leading President Trump's Council of Advisers on Digital Assets.
El Salvador's assembly approved a law allowing investment banks with $50 million+ in capital to hold bitcoin and offer crypto services to qualified investors with over $250K in liquid assets.
Harvard Management Company revealed a massive $116 million stake in BlackRock's iShares Bitcoin Trust (IBIT), while Brown University separately boosted its position to $13 million.
Bitcoin flirted with $119,000 on Sunday, with traders eyeing a potential short squeeze that could liquidate $18 billion+ in positions with just a 10% upward move.
Over half of America's 25 largest banks have now rolled out crypto-related products, with JPMorgan, Morgan Stanley, and Charles Schwab abandoning their wait-and-see approach for active trading and custody services.
🤖 AI/Future/Tech News
Elon Musk scrapped the Dojo project after lead engineer Peter Bannon left Tesla.
Microsoft rolled out Copilot 3D, an experimental tool that turns a single image into a 3D model.
4AG Robotics landed $40 million to scale its autonomous mushroom-picking robots.
Unitree CEO Wang Xingxing said mainstream humanoid robots still lack the AI tech to break out, but he expects a “ChatGPT moment” for robotics within three years.
🌍 International Markets
🇪🇬 Egypt's annual urban consumer price inflation dropped to 13.9% in July
🇨🇳 China's consumer prices zeroed out in July, posting 0% year-over-year growth as producer deflation signaled weak domestic demand.
🇶🇦 Qatar’s central bank foreign reserves jumped 3.28% to $71.21 billion in July compared to last year.
🇸🇬 Singapore kicked off a new initiative to liven up its “vanilla” stock market, hoping to shake up an exchange long dominated by banks and REITs.
🎤️ What you said last time
“I started off as a novice and it seems to be the best source out there. It is quick, responsive and adjustable.”
📊 Earnings
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📺 What to watch today
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Cheers,
Brandon with Stefan & Wyatt
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