The stock market has canceled one of its worst sale in modern memory to end the first half of 2025 at a high note. This is high inventories with artificial intelligence, encryption and gold.
How did we get here? It was a journey. Shares Decline In early April after President Donald Trump revealed the global definitions that threatened to scramble global supply chains, high prices, and slow growth. Trump’s subsequent pause for these definitions, however, She ignited a march It has been fed more than Good economic data Reducing commercial tensions. By the end of June, the shares were recovered to record the highlands.
The last rally in Wall Street looked like the Taurus market last year. Artificial intelligence continued to link many of the market winners. But some new topics appeared amid Trump’s re -management of the current situation.
Here, we will examine the leaders of the stock market from the first six months of 2025 – and we study how the forces undergoing their gains can develop in the next six.
Crypting stocks
Crypto investors have been greatly rewarded for the industry spending in the November elections.
The industry last year spent more than $ 100 million to support pro -rental candidates. In January, the “most supportive congress” in history, and Washington divided a little time to give the industry what it wants.
Federal organizers Decline Waiting for litigation against cryptocurrencies. Trump The executive order signed Create Bitcoin Reserve. In May, the Digital Assets Market Law, which would create a framework for the regulation of encrypted currencies, was introduced in the House of Representatives. And the Senate in June Genius has passedLegislation that defines stablecoins control rules.
This helped to develop the value of the cryptocurrency market to more than $ 3.2 trillion. Washington embraced, however, also reinforced the relevant shares this year. Robinhood (Cabbot) More than twice the price in the first half, while Coinbase (currencyThe shares increased 41 %. Circle Internet Group (CRCL) More than weakness during the first day of Stablecoin source in early June; The arrow rose approximately 750 % per weeks after its first appearance.
It is expected that the legislation of cryptocurrencies that work on its way through Congress is expected to face a little problem in reaching the Trump office to sign in the second half of this year. Trump and His family You may continue to feed the industry Animal lives with New encryption projects.
Artificial intelligence perimeter
Analysts per year are expecting a group of symbolic stocks for artificial intelligence trade. It has started to some extent.
The leadership was expected to turn from Amnesty International’s infrastructure – companies like NVIDIA (Nvda), Whose chips fill data centers that stimulate cloud computing giants such as Amazon (amzn) And microsoft (Msft) Using to train and operate artificial intelligence models – for service and service providers who develop artificial intelligence applications.
Balnter (FungiThe best performance stock in the S&P 500 was in the first half of the year; that it Antinated sales growth and profits It was first driven by AI. Glossary of social media (social media)DeadIt is the best great performance in seven columns, partly due to part of it The success of providing artificial intelligence features Which has improved performance measures.
Software shares are expected to continue to outperform performance while improving artificial intelligence models and developing new applications. They can also benefit from their relative isolation from commercial uncertainty, which led to the returns of the total stock market in the first half.
Amnesty International Infrastructure
Amnesty International’s infrastructure, a topic that surpassed most of 2024, continued to be a winner in Wall Street in the first half of this year.
Technology giants Microsoft, Amazon, Alphabet (Goog), I looked dead through economic uncertainty and I stood beside the plans To spend hundreds of billions of dollars on property, buildings and equipment this year. A lot of this spending is allocated to the technology required to develop and operate the advanced AI, such as NVIDIA chips, Micro Super (SMCI(Service and amphenol (Aph) Visual fiber cables. Device suppliers have witnessed that their shares rise by 18 %, 61 % and 42 %, respectively, in the first half.
The construction of the Energy Energy Data Centers reinforced nuclear power providers, who In the request from technology companies Those who say they are looking to reduce the effects of their carbon feet. Constellation Energy shares (branch) And visstra (VstAdvanced 44 % and 41 %, respectively.
But bringing on the new online nuclear energy is a long process, and data centers in the meantime depend on natural gas, which enhances the inventory of gas operators that work with gas such as NRG Energy (NRGAn increase of 78 % year on an annual basis, gas turbine makers like GE Vernova (Jeff), 61 %.
Experts expect that Amnesty International’s infrastructure will be flexible. Technology giants “are planning the requirements of the long -term data center capacity and will not change their investment plans based on tariff systems that change from week to week.”
Gold miners workers
The mood in the world in the first half of 2025 was tense, to place it moderately. It was good for gold.
Within five months, the second Trump administration launched a global trade war targeting both friends and enemies; I opened questions about America’s commitment to long alliances such as NATO; Increase America’s participation in Israel’s struggle with its neighbors; Tensions decreased with China. Investors who sought stability turned into gold, which is one of the safe assets that have been moved.
Gold prices rose to a record level after a record rise, as it peaked at more than 3450 dollars on June 13, the day that Israel launched attacks on the Iranian nuclear program. Gold Miner NewMont shares (noPrices followed higher, and a height of 56 % during the first half of the year. Paric mineal colleagues (for) And Agnico Eagle Mines (AEMThe advanced 34 % and 52 %, respectively.
Central banks, beware of inflation and their dependence on US -controlled reservesThey have been the main buyers of gold in recent years. The demand for gold is expected to remain high in the expected future, as governments around the world seek to hedge from high geopolitical tensions and unconfirmed global economic expectations.
The latest poll of the latest survey in the Gold Council in the Gold Council in the Gold Council found that all central banks expect the global gold reserves to increase during the next 12 months. A record number 43 % of the respondents said they are planning to add their golden holdings during the same period.
