Stock Movers: Newmont, Nvidia, and JPMorgan's Volatile Week

Gold and Newmont's Safe Haven Appeal

• 🥇 Newmont (NEM) saw its best week since 1998, rising 24% due to gold hitting record highs above $3,200 an ounce.
• 📈 The macro backdrop for gold is increasingly supportive, with UBS upgrading Newmont and its price target.
• ⚠️ Gold's appeal as a safe haven asset was amplified by stock market volatility and concerns about global economic impact from tariffs.

Nvidia's Rollercoaster Week

• 🎢 Nvidia (NVDA) experienced significant volatility, with an 18% surge on Wednesday followed by a decline, ending the week up but still down 17% year-to-date.
• 💡 Analysts question the ongoing demand for AI spending, especially following the "deepseek" news and potential pullbacks in US companies' data center investments.
• 🇨🇳 Concerns related to China and overall demand for AI services continue to be stress points for Nvidia.

JPMorgan's Record Trading and Economic Caution

• 🏦 JPMorgan Chase (JPM) reported record equity markets revenue of $3.81 billion in the first quarter, boosted by chaotic market moves.
• 📊 This record revenue was achieved before the trading activity of the current week, suggesting even higher potential earnings.
• 📉 CEO Jamie Dimon struck a cautious tone on the US economy, citing turbulence from geopolitics, tariffs, trade wars, inflation, and high asset prices.
• ⚠️ Dimon anticipates a "kurfuffle" in the US Treasury market that could prompt Federal Reserve intervention.