Global markets faced significant volatility as the Federal Reserve adopted a hawkish stance, AI companies accelerated IPO plans, and Middle East tensions persisted. Kevin Warsh was sworn in as Fed Chair, emphasizing a reform-oriented approach, while the Fed's April minutes suggested potential rate hikes due to resurging inflation risks. The 30-year Treasury yield hit its highest since 2007.
In the tech sector, SpaceX filed for an IPO with a potential valuation of $1.25 trillion, while OpenAI and Anthropic also prepared for public offerings. NVIDIA reported record quarterly revenue of $81.6 billion, driven by AI demand, and projected strong future growth. Meanwhile, Nasdaq received SEC approval to list Bitcoin index options, and Grayscale revised its Hyperliquid ETF filing. Michael Saylor hinted at a possible Bitcoin sale by 2026, attracting market attention.
Fed's Hawkish Stance and AI IPO Rush Stir Market Volatility
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