Hi Reader, here's what you need to know for May 28th in 3:08 minutes.

You: Hey Siri.
Siri: How can I help?
You: I want to learn about how to profit from the AI industry. Any suggestions?
Siri: Yes, you should really go to Friday’s How To Profit From The AI Industry event.
You: Sounds great. Get me a ticket please, Siri.
Siri: Tight.

Today's big stories

Chipmaker Nvidia announced strong quarterly results, benefiting from a microchip shortage and the cryptocurrency boom
Our analyst is more convinced than ever that investors haven't realized what a good buy copper is – Read Now
Investors have ganged up to force major oil companies to become greener, and ExxonMobil’s feeling the pressure most of all

High Score

What’s Going On Here?

US chipmaker Nvidia – which makes microchips for everything from gaming to crypto mining – uploaded an unexpectedly upbeat quarterly update this week.

What Does This Mean?

With rising demand meeting globally constricted supply, Nvidia was likely able to hike the prices of its products. That might help explain why revenue and profit came in 5% and 12% higher last quarter than investors had predicted.

The situation’s set to continue this quarter too: Nvidia reckons revenue will come in around 15% higher than previous analyst forecasts. That’s also down to the dedicated cryptocurrency mining chips the company recently launched, mind you. It’s hoping they’ll stop miners hoarding semiconductors that are intended for gamers – while contributing an additional $400 million worth of sales.

Why Should I Care?

For markets: There are greater forces at play.
Nvidia’s stock didn’t move much after its earnings announcement. That could be because the chip shortage is nothing new, and investors who have seen Nvidia’s stock soar 25% over the last three months might’ve sold off some of their holdings and banked some of their winnings as others bought in. There’s also the small matter of the firm’s $40 billion purchase of British microchip designer ARM, which is currently undergoing extra UK government scrutiny. The success (or otherwise) of that deal will likely have a much bigger impact on Nvidia’s long-term earnings potential than a few strong quarters.

Zooming out: Chipping away at the power conundrum.
Those dedicated crypto mining chips might not fly off the shelves if concerned authorities in China have their way: they’re now taking action against excessive energy consumption in the country’s bitcoin-mining heartland. A lot of this activity could be powered by green energy sources, but the difficulty is getting electricity where it’s needed. If these Chinese crackdowns push more mining to places with greater access to green energy, crypto could go greener too.

You might also like: How to turn bitcoin green.

Copy to share story: https://www.finimize.com/wp/news/high-score-2/

🙋 Ask a question

2. Analyst Take

Copper’s A Boom Waiting To Happen

What’s Going On Here?

I wrote about copper’s bright future a few months ago, and its price has already risen around 25% since then.

And I’m more convinced than ever the metal has a lot further to run.

After all, it’s still true that the green economy will need this conductive and cost-effective metal in everything from wind turbines to electric vehicles.

But here’s where it gets really interesting: despite rising prices, miners still haven’t approved a single new copper mining project – even though they take years to get underway.

That’s a significant oversight, and it might be why Goldman Sachs is now expecting the copper price to climb 22% by next year and 51% by 2025.

So that’s today’s Insight: the best ways to buy into copper before the red metal’s surge.

Read or listen to the Insight here

Your one-stop crypto shop

When you’re starting out, it pays to use a crypto platform with plenty of services on offer.

That way, you’ll be able to meet your needs quickly and easily – all in one place.

With Ledger, you can buy, store, swap, and grow your crypto from the same secure platform. You’ll even have access to an integrated hardware wallet and app.

See: everything you need in one place. That’s probably why over two million people already use Ledger.

Get 20% off the Ledger Nano S using code FINIMIZE20L, but be quick: there are only 200 codes available.

Get Started

When you support our sponsors, you support us. Thanks for that.