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Every weekend we publish “The Weekly Wrap-Up” — your ticket to being well informed and staying ahead in the investment game!

This report is designed to help investors of all skill levels break down important stories/topics within the stock market. And best of all, we cut through all of the BS and give you exactly what you need to know in easy to digest, bite sized pieces of content.

Grab your coffee and let’s dive in.

It was a mixed week for stocks, with the overall indexes ending relatively flat. Meanwhile, treasury yields surged on inflation news and oil is creeping higher again.

These are some of the biggest stories from the second half of the week that had an influence on market action.

Trump completed a two-day state visit to Beijing this week, meeting with Chinese President Xi Jinping in the first U.S. presidential trip to China in nearly a decade. The two leaders agreed to frame their relationship as constructive and stable, with China committing to buy American planes, engines, oil, and agricultural goods. Chip sales remain stuck, no formal joint statement was issued, and markets sold off on the lack of specifics coming out of the summit.

🔑 Key Points

👀 What You Need to Know

Markets went into this summit expecting blockbuster announcements and came away with pledges that still need formal contracts. The Boeing and GE engine numbers sound large, but China has a long history of announcing aircraft orders at diplomatic summits that take years to convert into actual deliveries. The chip situation is the clearest signal from Beijing that it is prioritizing domestic suppliers over U.S. technology, which is a real problem for Nvidia regardless of what Washington approves.

The BLS released back-to-back inflation reports this week covering April, with both the consumer price index and the producer price index printing at their highest levels in several years. Energy prices, driven by the ongoing conflict in the Middle East, were the largest single contributor to both prints, though broad-based pressure across services, food, and upstream pipeline costs reinforced that inflation is not contained to one category.

🔑 Key Points

👀 What You Need to Know

Both reports came in much hotter than expected this week. Energy prices from the Iran conflict are driving the big headline numbers, but food, shelter, and services all moved higher too, meaning this is not a one-category problem. The producer price data is especially worth watching because rising costs at the wholesale level tend to flow through to consumers over time, meaning future CPI prints could stay elevated even if oil stabilizes. With rate cuts effectively off the table and a new Fed chair taking over, the path forward for markets is uncertain and inflation will be a major story heading into the second half of the year.

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Cerebras Systems, an artificial intelligence chip designer that competes with Nvidia, priced its IPO at $185 per share on Wednesday and began trading Thursday on the Nasdaq under the ticker $CBRS ( ▼ 6.68% ). The company raised $5.55B, the largest U.S. tech IPO in nearly seven years, driven by demand that was more than 20 times oversubscribed. Shares opened at $350, peaked at $386, and closed the day up 68% at $311, giving the company a market cap approaching $70 billion.

🔑 Key Points

👀 What You Need to Know

Cerebras makes chips specifically built to run AI models after they are trained, a process called inference, and its technology sits at the center of one of the fastest-growing areas in tech. The IPO story is compelling, but the headline profit number is misleading because the underlying operating business is still losing money. Nearly all of its revenue comes from just a few customers, which means any change in those relationships hits the whole business hard.

📚 Edge-ucation: What is an IPO?

An IPO, or initial public offering, is the moment a private company sells shares to the public for the first time. Before an IPO, only founders, employees, and private investors own a piece of the business. Going public opens that ownership up to anyone with a brokerage account, and gives the company a way to raise capital to fund its growth.

Understanding how IPOs work helps investors separate the excitement of a public debut from whether the stock is actually worth buying at the price the market is offering.

In this section, we'll be curating a selection of news headlines we think you'll find interesting. If a topic catches your eye, click the provided links to read more about it.

We continue to push out more and more content every week to give investors that edge. Here are the posts Investor’s Edge+ subscribers received this week.

Mondays are for the investors. Every Monday morning we share exactly what we’re watching in the week ahead, how we’re positioning, and even share a sneak peek into our systems and models. This week we discussed the massive run in tech and AI related stocks of late, as well as the upcoming Trump-Xi meeting, and the two major inflation reports on the calendar. See the latest full report here:

Every month we break down 5 stocks that we believe are attractive from a valuation and momentum perspective right now. Here’s a look at the 5 stocks we are buying in May:

After last week’s visit to China, all eyes will be on Nvidia’s earnings report on Wednesday to see if China demand for its chips can fuel to the AI trade. We’ll also wait for more clues from the admin on the outcome of the Trump-Xi meeting, as well as what we can expect next in Iran.

Nvidia will be the main report to watch next week, but we also get several reports from some of the largest retailers in the US. Here is the full calendar of scheduled earnings releases:

Overall, 5 of the names we cover are set to report:

Next week is all about the housing market with 4 reports on the docket (NAHB, pending home sales, building permits, and housing starts).

We also get the meeting minutes from the last Fed meeting, jobless claims, and consumer sentiment.

Here is the full calendar of events we will be watching:

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Thank you for reading this edition of the Weekly Wrap-Up. Have a great weekend!

Until next time investors!

Mark & Chris

The Investor’s Edge

This is not investing advice. It is very important that you do your own research and make investments based on your own personal circumstances, preferences, goals and risk tolerance.