LikeFolio Weekly Roundup

We see a major theme emerging over the last month: Wall Street remains heavily focused on large-cap tech stocks. 

The Nasdaq Composite has surged 26% since early April, driven by strong performances from companies like Nvidia, which reported a 73% year-over-year increase in data center revenue (we’re going to talk about that soon).

An Evercore survey indicates that 35% of portfolio managers are more inclined to allocate new capital to tech stocks than any other sector.

Meanwhile smaller-cap stocks have lagged. We think this presents an enormous opportunity for discerning investors.

We just released a SPECIAL REPORT highlighting five overlooked small-cap stocks exhibiting strong consumer demand and operational performance. These companies are currently under the radar but show significant upside potential.

Click here to read the full report.

Nvidia Proves the “AI Bubble” Still Has Gas in the Tank

NVDA shares jumped more than 4% after earnings this week, hitting their highest level since January on Thursday afternoon. 

Blackwell, Nvidia’s newest AI platform, already drives the majority of Data Center revenue, with next-generation GB300 systems now sampling at major cloud providers and overall revenue expected to rise this quarter despite a complete halt in China shipments. 

The fact that Blackwell overtook prior platforms within a single quarter highlights the pace of adoption and shows how quickly customers gobble up NVIDIA’s newest systems.

The earnings outperformance also confirmed what we identified back in April: Nvidia stock below $100 was a buy. 

We flagged the opportunity in mid-April when the stock was trading nearly 30% off its highs. 

Headlines focused on tariffs, export rules, and inventory losses. 

This fear was overblown. AI infrastructure spending was increasing, forward-looking digital traffic was up double digits, and NVIDIA remained embedded across every major macro trend we cover, from autonomous vehicles to robotics and AI at large. 

We told members to watch for a break below $100, the same kind of setup that delivered for us in 2020, 2022, and 2023. Five days later, NVDA closed below $100. It has since rallied +46%. 

If you played this name to the upside, congrats! (send us a note)

Here’s an overview of the biggest news and largest movers in our portfolio in the last week through close on Thursday, May 29:

Infinite Hold Update 

Tesla (TSLA): The media continues to bet against Tesla’s Elon Musk ahead of the company’s Robotaxi launch in Austin. 

But the leader is digging in. 

As Tesla investors, we are betting that autonomous vehicles are the future, and right now, TSLA is perhaps THE most compelling bet on a winner around. 

TSLA shares gained more than +5% on the week as Musk’s whitehouse tenure comes to an end (today) and driverless deployment looms.

We expect volatility as the Robotaxi is launched and other details fall in place, including how users can summon one of these vehicles. Long-term the opportunity remains extraordinary!

Bitcoin: Bitcoin’s move higher over the last month is not a typical Bitcoin rally. That’s the key theme from this week’s Founders Call, which you can watch below.

For years, Bitcoin’s rallies were fueled by retail hype and ended in sharp corrections. This time looks different. Institutions are driving demand while retail activity remains quiet. ETFs are absorbing supply, companies are adding Bitcoin to their balance sheets, and long-term holders aren’t selling. Prices are rising without the usual flood of retail speculation. That setup points to a market driven by conviction, not FOMO.

Amazon (AMZN): Amazon signed a multi-year AI licensing deal with The New York Times this week. The agreement allows Amazon to use NYT editorial content, including articles from The Times, The Athletic, and NYT Cooking, to train its generative AI models and surface summaries in products like Alexa. 

During its 2025 Upfront event, Amazon announced that over 300 million U.S. consumers now engage with its ad-supported ecosystem each month. Prime Video’s ad-supported tier has grown to 130 million monthly users, with total viewing hours up 37%. The company introduced interactive ad formats and expanded its sports programming slate to drive further reach. 

In Q1 2025, Amazon's advertising revenue increased by 19% year-over-year, reaching $13.9 billion. We see this segment as a major driver of growth ahead, especially as more consumers switch to streaming services and advertiser dollars follow. 

Portfolio Update

SoundHound (SOUN): +9%

Piper Sandler initiated coverage on SoundHound (SOUN) Tuesday, calling it an emerging AI opportunity still early in its growth curve. Analysts cited the company’s expanding subscription-based revenue, a growing customer base, and scalable AI architecture as key drivers. They also pointed to significant room for market penetration as adoption accelerates. We say, welcome to the party.

Oklo (OKLO): +8%

Nuclear stocks extended their rally this week after Trump signed an executive order targeting a fourfold increase in U.S. nuclear power output by 2050. The order also directs the NRC to streamline approvals, mandating license decisions within 18 months and authorizing reactor construction on federal land. OKLO added to the momentum with news of a cooperation agreement with Korea Hydro & Nuclear Power to advance deployment of its Aurora powerhouses.

Reddit (RDDT): +8%

Reddit stock shares surged this week in response to confirmation of RDDT joining the Russell 2000 index. This addition puts RDDT on the spotlight for institutional investors as well as mutual funds that follow the index and can begin to pick up shares.

Magnite (MGNI): +5%

Last week, Amazon announced an expanded partnership with Magnite. This streaming TV collaboration connects Amazon Publisher Services’ Transparent Ad Marketplace and Magnite’s SpringServe, allowing deeper access to Amazon’s streaming service inventory and Fire TV devices.  This is a major win for Magnite in the long-run, as Amazon ramps its streaming offerings as described above.