The Swiss National Bank’s equity portfolio has grown to $173.8B, equivalent to roughly 19% of Switzerland’s GDP. Nearly half is allocated to technology stocks, with major positions in $NVDA, $AAPL, $GOOGL, $MSFT, $AMZN, and $META. How concentrated is too concentrated for a central bank portfolio?

We've just cross-listed 15 more options income ETPs on the @DeutscheBoerse. Trading in euros as of today. Full list with German tickers below: 3 Diversified ETPs: ◾75/10/15 Multi-Asset Growth ETP (MSTY) ◾ Blockchain Leaders ETP (BCKY) ◾ Eurostoxx 50 Options ETP (ESXY) 5 Commodities ETPs: ◾ Gold Miners+ Yield ETP (GLMY) ◾ Silver Miners+ Yield ETP (SVLY) ◾ Copper Miners+ Yield ETP (CPRY) ◾ WTI Oil+ Yield ETP (WOIY) ◾ Uranium+ Yield ETP (URAI) 7 Single-stock ETPs: ◾ Berkshire Hathaway Options ETP (BRBY) ◾ Micron Options ETP (MUCY) ◾ Netflix Options ETP (NFLY) ◾ Oracle Options ETP (ORAI) ◾ Robinhood Options ETP (HDYI) ◾ Taiwan Semiconductors Options ETP (TSMY) ◾ UnitedHealth Options ETP (UHLI) Follow @IncomeShares for more information.

US CPI surges to its highest since May 2023. VIX Short-Term Futures Index jumped +3.77% on the CPI release, as inflation came in above expectations. For amplified exposure to macro-driven volatility, discover Leverage Shares 2.25x Long VIX Short-Term Futures ETC.

The AI infrastructure race is going deeper into the billions. $AMZN plans around $200B in 2026 AI capital spending, followed by $MSFT at $190B and $GOOGL near $180–190B. $META is targeting up to $145B, while $CRWV stands out for how capital-intensive its growth model is relative to expected sales. $ORCL is also scaling aggressively with ~$50B planned.

$CRCL quarterly revenue climbed from $365M in Q1 2024 to a peak of $770M in Q4 2025, before easing to $694M in Q1 2026. Stablecoin adoption continues to reshape the digital payments landscape as competition in the sector intensifies. What’s your outlook for Circle’s growth trajectory?

Alphabet is closing the gap. While $NVDA still leads the market cap race at $5.33T, $GOOG has surged to $4.69T, fueled by rapid AI adoption across its services. AI is redefining the value of the world’s biggest companies.

The dispersion inside the S&P 500 this year has been massive. While 99 stocks are up more than 20%, 63 names are down at least 20%, showing just how selective this market has become. Top movers include: ◾ $SNDK +539.4% ◾ $INTC +230.7% ◾ $AMD +107.9% Meanwhile: ◾ $PLTR -24.0% ◾ $TSLA -6.4% ◾ $ORCL -0.8% The S&P 500 itself? Just +8.2%.

Tomorrow, our experts Natali Monardo and Andrea Tenti will join Euronext’s Robin Gallego for a live webinar hosted by @euronext discussing how leveraged ETPs bring value to brokerage platforms. They will cover: ◾ How leveraged ETPs are built: structure, replication, risk management ◾ The benefits of exchange-traded transparency ◾ Real implementation on trading platforms ◾ Where client demand is showing up 📅 13 May | 10:00–10:45 CET | Online Register: #MarketingCommunication#

$CRWV went from roughly $1.9B in annual revenue in 2024 to projected guidance of up to $12.5B in 2026. The AI infrastructure race is turning hyperscale compute providers into some of the fastest-growing companies in the market.

Palantir’s U.S. government business has accelerated sharply. From ~$0.7B in contract obligations between 2015–2019 to ~$1.9B in 2020–2024, and already ~$1.7B across 2025–2026 so far. Defense remains the leading driver, including a $227M U.S. Army contract - the company’s largest single government transaction to date.