Together with Public

As the market turns the page to the summer months, the volatility isn’t settling down.

A quick breakdown — in case you don’t have the time.

America is determined to win the AI arms race.

Nvidia reported strong quarterly results, with revenue rising +69% to $44.1 billion and data center sales surging +73% year-over-year to $39.1 billion, driven by high demand for AI infrastructure. Despite U.S. export restrictions causing a one-off $4.5 billion charge and $2.5 billion in lost sales on its H20 AI chips to China, the company posted a +26% increase in net income to $18.8 billion.

CEO Jensen Huang said the China AI chip market is now effectively closed to U.S. companies, ending Nvidia's Hopper data center business in the region. Other segments also grew, with gaming up +42%, automotive and robotics up +72%, and professional visualization up +19%. Nvidia shares rose +6% in extended trading, nearing record highs, and the company returned $14.3 billion to shareholders via buybacks and dividends.

This was a MASSIVELY IMPORTANT earnings call for the entire market. Nvidia reported $26.1 billion of free cash flow in this quarterly report — a staggering +75% annual increase. Revenue in the United States (shown above) continues to rise and everyone should be happy to see that this market-mover report some incredible earnings.

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Literally tell Public's generated assets what you want to invest into and it'll build a portfolio for you as well as back test the performance over the last several years so you have some clarity as to what it might perform like going forward.

For example, maybe you want to invest into companies whose CEOs are active on social media. Or maybe you want to invest into companies with a crazy high "revenue per employee" ratio. Or maybe you want to invest into companies who are powering the rise of AI agents.

Check out their "Top List" section! This is a robust list of the top-performing strategies created by others. I published my strategy, revenue per employee ratio, and we'll see how it goes!

Here’s a video I made further explaining how it works!

👉 Episode 119: What Your Financial Advisor Won’t Tell You

In this week’s Monday-morning episode of the Rich Habits Podcast (linked here) — Austin and Robert explained the three most common misunderstandings as it relates to financial advisors.

Here’s what they talked about:

👉 Q&A: Living at Home at 29, Tax-Deferred Annuities, & Amazon RSUs

Here’s a link to the Q&A episode that was posted this morning.

We answered questions from: Jay, Christina, Jeff, Bo, Adam, and Armani.

You can submit questions for these episodes by asking them inside of the Rich Habits Network, replying to this email, or sending us a DM on Instagram.

The Rich Habits Podcast is available on Spotify, Apple, iHeart, YouTube, and wherever else you get your content!

JD Vance believes 100 million Americans will own Bitcoin.

Don’t get me wrong — the Bitcoin Conference has regularly served as a short-term top signal for the market. Who knows… it might be doing that right now. Either way, I’m a long-term crypto holder and I can’t tell you how EXCITED I am right now!!

Here’s a few things that have gotten me fired up from the conference:

Again… this is a heavily-funded conference which has the goal of hyping up Bitcoin. I completely understand that and don’t want to put TOO much weight into these comments. However, when people in positions of power are speaking about Bitcoin with such conviction — I’m definitely excited.

The chart above reflects that excitement. Over the last seven trading days there’s been $3.2B invested into BlackRock’s Bitcoin ETF, IBIT.

The China tariff drama isn’t over.

It’s important to remember that 90-day pauses on tariffs aren’t necessarily perfect resolutions. These type of pauses are kicking the can down the road, and giving all of us hope that a true, lasting deal will be struck within that short amount of time. The U.S. Court of International Trade announced last night a halt on the sweeping 10% tariff imposed by President Trump last month.

I don’t believe that the court ruling on tariffs will stop Trump from getting what he wants (one way or another), and President Trump is already fighting back. This unfortunately just adds more fuel for volatility.

See the graph as a supply chain example. It’s been two weeks since the China / US trade deal progress was announced. We all celebrated, but container traffic from China to the US hasn’t shown a strong rebound at all. Since Liberation Day — the container departures are down ~40%.

For months — I’ve been telling you all that if a recession is actually on the way, it will be earnings-led. The short-term volatility from tariffs have been manufactured dips, and I took advantage by DCA’ing into my favorite positions + creating some new positions in my portfolio. But if the tariffs linger for too long and we don’t see some rock solid agreements — I believe the next earnings season could very much reflect that.

Share this newsletter with 1 person and you’ll be sent our Financial Planning Workbook. Share it with 2 people and you’ll also be sent our video module explaining how Austin and Robert Analyze New Stocks.

It just takes a few moments — enjoy the resources!

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Disclaimer: This is not financial advice or a recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.