The biggest gainer last week among companies with a market capitalization of at least $10 billion was the American cloud computing services provider CoreWeave, whose shares rose by 56.32% over the past business week. The price of one share reached $80.30. Next is Super Micro Computer. The shares of this American company engaged in the production of servers and storage systems rose by 44.26% over the past business week, reaching $46.15. And this top three is rounded out by the leading cryptocurrency exchange Coinbase Global, which has grown by 33.69%. The price of one share of this company is $266.46.
The top three largest-cap stocks with the biggest losses last week starts off with UnitedHealth Group Incorporated. This health insurance company's share price fell 23.31% in one week to $291.91. Next is Fiserv. This financial services company's share price fell 9.46% to $166.66. And Alamos Gold rounds out this top three. This gold mining company's share price fell 9.43% to $24.50.
US stock indexes rose for the fifth consecutive day last Friday, buoyed by the agreement between the US and China to delay new import tariffs for 90 days. The Dow Jones Industrial Average rose 0.78%, the S&P 500 went up 0.70%, and the Nasdaq increased 0.52%.
US stock funds saw their first inflows in the past five weeks in the week ending May 14. A total of $12.9 billion was invested in these funds, boosted by a US-China tariff truce and optimism that inflation may not be as rapid as previously thought. Large-cap companies’ stock funds saw the largest inflows, with more than $5 billion. Bond funds also had a strong week, drawing in more than $10 billion, their biggest inflow since July last year.
Foreign demand for US Treasury bonds hit a new record in March, when foreign investors’ share exceeded $9 trillion for the first time in history. According to new data from the US Treasury department, foreign investors had $9.05 trillion in US Treasury bonds in March, up $233 billion from February, according to new data from the US Treasury Department. Japan remains the leader in this regard, with $1.13 trillion, followed by the United Kingdom, and China.
Coinbase Global is set to join the S&P 500 next week, becoming the first cryptocurrency exchange to be added to the benchmark index. The news sent Coinbase shares up 16% last week, and analysts predict this move could bring up to $16 billion in new investments from funds that track the S&P 500. That could be a big boost not only for Coinbase, but for trust in digital currencies in general.
CoreWeave shares surged 56% last week after this artificial intelligence (AI) cloud provider delivered an impressive earnings report and revealed that Nvidia now owns a 7% stake in the company; this is more than investors had previously assumed. The company, which carried out a placement in late March, reported that its first-quarter revenue grew more than 400% year-on-year. Also, it announced a $4 billion deal with OpenAI, positioning CoreWeave as a major player in the generative AI race.
On May 13, a total of 30 billion drams of government bonds were placed in Armenia’s stock market, and they will be redeemed on April 30, 2030. The public auction had four participants, and the amount of bids submitted by them totaled 105.077 billion drams. The weighted average price of the placed government bonds was 95.7478 drams, and the yield was 9.6984 percent.
On May 19, a total 5 billion drams of government bonds were placed in Armenia’s stock market, and they will be redeemed on March 2, 2026. The public auction had three participants, and the amount of bids submitted by them totaled 13.089 billion drams. The weighted average price of the placed government bonds was 93.9958 drams, and the yield was 8.0405 percent.
Moody’s has downgraded the US issuer rating from Aaa down to Aa1, explaining this decision the country’s growing debt, now at $36 trillion, and rising interest costs. This is the first downgrade by Moody’s since it gave the US its highest rating in 1919. Moody’s said neither the US Congress nor the White House have made any real progress in fixing the budget deficit or controlling the debt. The agency’s outlook for the US is now “stable,” but the message is as follows: Washington needs a better plan.
US producer prices unexpectedly fell in April, easing concerns about inflation. According to government data, the producer price index (PPI) fell 0.5 percent, the biggest decline since the Covid-19 pandemic. This decline was driven primarily by lower prices for services, particularly air travel, hotels, and investment management. The PPI rose 2.4 percent year-on-year, down from 3.4 percent in March, suggesting that inflation will be milder in the near future.
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