May 24, 2025 | Read Onlineβ
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Hey there, Tech Fizz here.
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According to NYT, consumer spending is going strong...but at the same time, credit card deliquencies have risen to 12.31%, highest level since 2011.
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Looks like people can't stop, won't stop (spending). No judgement here.
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What we've got in this edition:
- Is the clean energy boom officially over? US Congress slashes investment tax credits for renewable energy development.
- New business model unlocked. D-Wave Quantum has a new quantum computing system on the market.
- EV Upgrade. Meet the tech startup that has developed wireless charging technology for electric cars.
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π¨ Market News
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Week of May 19, 2025
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| βΌ S&P 500 |
5,802.82 |
-2.07% |
| βΌ Nasdaq |
18,737.21 |
-1.68% |
| βΌ DOW |
41,603.07 |
-2.32% |
| β² Bitcoin |
$108,368.60 |
+1.81% |
| β² Ethereum |
$2,550.22 |
+2.13% |
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*Stock data as of market close on May 23, 2025. Cryptocurrency data as of 3:30pm PT on May 23.
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Market Highlights
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- The S&P 500 experienced its first four-session losing streak since the reciprocal tariff announcement on April 2.
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- Bitcoin reached a new all-time high of $111,814 on May 22. It's safe to say that the OG crypto isn't going anywhere.
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Earnings Season
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| Company |
EPS |
Revenue |
Insight |
| Wix.com |
π Miss |
π Beat |
Robust revenue growth. Strong free cash flow. Company reaffirms positive outlook. |
| Snowflake |
π Beat |
π Beat |
Solid position in cloud data platform market. Optimistic guidance and growth outlook. |
| Workday |
π Beat |
π Beat |
Subscription revenue outlook underwhelms, but AI investment promising for long-term growth. |
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See full earnings calendar here.
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Economic Reports
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π₯ Consumer sentiment crashes near record low. Many Americans are worried about jobs and personal finances. We don't blame them...buying anything right now feels like a poor financial decision.
βMarket Impact: βοΈ Bearish
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π° Treasury yields spike on deficit fears. Usually a bad sign for the stock market in terms of earnings and investor confidence.
βMarket Impact: βοΈ Bearish
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β‘οΈ US budget bill axes clean energy boom. The sun-setting of investment tax credits for wind, solar, and nuclear development could raise household energy expenses by $230 over the next 10 years while reducing US GDP by $1.1T and impacting up to 1M jobs.
βMarket Impact: βοΈ Bearish
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π Alpha Picks
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Profile: EV technology company. IPO'd in November 2024. Market cap of $6.19B. Last closed at $17.41/share.
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Financials: Robotaxi services revenue grew 200% to $1.7M in Q1 2025, and its latest generation of self-driving vehicles slashed costs by 70%.
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Risk/Opportunity: Competitive pressures from Chinese competitors like WeRide and Baidu exist, but partnerships with Tencent and Uber and $6.3B valuation (37% increase since IPO) keep investors optimistic.
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The Verdict: Major costs reduction will likely accelerate path to profitability. At this point, high-risk, high-reward.
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Navitas Semiconductor Corp ($NVTS)
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Profile: Semiconductor company. IPO'd in January 2021. Market cap of $846M. Last closed at $4.41/share.
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Financials: Brought in $14.02M of revenue for Q1 2025, beating analyst expectations. Share price recently doubled.
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Risk/Opportunity: Path to profitability has been stagnating, but new partnership with Nvidia on AI data centers is a promising business opportunity.
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The Verdict: Growth potential hinges on Nvidia partnership. Keep an eye out for future developments.
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β°οΈ Tech Terrain
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π High Impact | D-Wave Quantum Brings New Quantum Computing System to Market
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- Background: D-Wave Quantum revealed its new Advantage2 quantum computing system. The model can be accessed by customers as part of D-Waveβs βquantum computing as a serviceβ business, as well as for on-site installation.
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- Investor Impact: Bullish for D-Wave Quantum (kind of obvious, right?). Stock soared 26% after news broke out. This development seems to have lifted all quantum stocks, but D-Wave is starting to dominate the quantum market in terms of revenue and technological innovation.
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π Moderate Impact | ASML Develops World's Most Advanced Chipmaking Machine
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- Investor Impact: Bullish for ASML and its major customers (Taiwan Semiconductor, Samsung, and Intel). The machine, called High Numerical Aperture, will enable higher production capacity (faster build time and more yield).
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π Watchlist | Apple To Release AI-Powered Smart Glasses
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- Background: Apple is thinking about releasing smart glasses in 2026 that will include a camera, microphone, and Siri which will be able to respond to commands like answering phone calls and giving directions.
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- Investor Impact: Still too early to tell. But if sales take off, Apple will be in a bullish position in terms of revenue and direct competitors like Meta (with their Ray-Ban AI glasses) will lose market share.
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π¬ Startup Scene
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HEVO
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You know how you can charge your iPhone wirelessly with a MagSafe charger?
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Well, you can do that with electric cars now, thanks to HEVO.
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This startup has developed wireless charging technology that doesn't require cables or plugs. Just park your car and let power flow to it from the ground.
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Highlights:
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$13M+ raised, including $4M+ from 3,700 investors in previous crowdfunding raises
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Strong IP portfolio with 17 patent families
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Partnering with Stellantis: Developing wireless charging products to integrate with Stellantis EV
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π£οΈ Social Signals
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π‘ Top Google Searches (May 19 - May 23):
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| Trend |
Search Volume |
Insight |
| "mortgage interest rates" |
β¬οΈ 400% |
Rates rose above 7% after Moodyβs downgrade of US credit rating. |
| "bitcoin" |
β¬οΈ 200% |
Bitcoin reached new all-time high of $111,814. |
| "apple stock" |
β¬οΈ 200% |
Trump threatens Apple with 25% tariff if production not moved to US. Stock β¬οΈ 3%. |
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π§ Twitter Social Sentiment Scorecard (May 19 - May 23):
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| Trend |
Mood |
Insight |
| GENIUS Act |
π Bullish |
US Senate voted to advance bill on regulating stablecoins. |
| $TURBO |
π‘ Angry |
Some members of congress are trying to cancel the direct file program (free tax filing) to promote TurboTax. |
| $AMZN |
π Bullish |
Bill Ackmanβs Pershing Square (hedge fund) buys amazon stake. |
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π Vibe Check
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Thoughts on this week's newsletter?
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β π€π€π€ Keep 'Em Coming, Big Boy β
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β π€π€ Not Great, Not Terrible β
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β π€ Weak Sauce β
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As always, thanks for reading and stay tuned for next week's edition!
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Tech Fizz Team, signing off π«‘
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