The XII Narrative
After Thursday’s historic $4 T milestone for Nvidia, U.S. equity futures turned cautious as tariff rhetoric resurged. Mega-cap tech showed mixed price action in early trading: Microsoft and Meta slipped as investors digested new—but still bullish—price-target hikes, while Apple and Alphabet enjoyed modest AI-driven bumps. Amazon drifted sideways with Prime Day revenue expectations already priced in. Berkshire Hathaway’s defensive profile attracted steady interest amid the noise.
In digital assets, Bitcoin’s decisive push beyond $118 K and heavy ETF inflows reignited risk appetite across the crypto complex. Ether reclaimed the $3 K handle on back-to-back record inflows into BlackRock’s ETHA, while Solana and BNB tracked higher on ETF- and burn-related catalysts. XRP led large-cap altcoins with an 8 % surge after stable-coin traction confirmed improving network utility.
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