Nvidia Enters PC Market; Oil Rebounds as US, Iran Clash | Bloomberg Brief 6/1/2026
Speakers
Keith Lerner
— Chief Investment Officer, Truist Wealth
Will Kennedy
— EMEA News Director, Bloomberg
Pascal Cagni
— French Ambassador for International Investment
Summary
US equity futures rise after S&P 500 record close. Nvidia enters PC market with RTX Spark chip. Oil rebounds from six-week low amid stalled US-Iran talks. Keith Lerner discusses AI-driven market concentration and prefers US and EM over Europe. France announces $108 billion in foreign AI investments.
- US equity futures higher after S&P 500 record close in May.
- Nvidia launches RTX Spark PC chip to challenge Intel and AMD.
- Oil rebounds from six-week low as US-Iran nuclear deal remains deadlocked.
- Keith Lerner notes AI concentration driving 70% of S&P gains, sees strongest earnings momentum in US.
- Lerner upgraded emerging markets early this year, favors US and EM over Europe.
- France secures $108 billion in foreign investment pledges, led by SoftBank and Salesforce.
- French ambassador highlights nuclear energy advantage for AI data centers.
- Upcoming data: JOLTS, Broadcom earnings, and nonfarm payrolls.
Trade Ideas
Favor US and EM over Europe.
The US has the strongest earnings momentum globally, and emerging markets have broken out after a decade of underperformance, largely due to semiconductor stocks. In contrast, developed markets (particularly Europe) face headwinds from higher oil prices, weaker growth, and central banks focused on inflation, making them less attractive. Therefore, investors should favor US and emerging market equities over European equities.
Favor US and EM over Europe.
The US has the strongest earnings momentum globally, and emerging markets have broken out after a decade of underperformance, largely due to semiconductor stocks. In contrast, developed markets (particularly Europe) face headwinds from higher oil prices, weaker growth, and central banks focused on inflation, making them less attractive. Therefore, investors should favor US and emerging market equities over European equities.
Up Next
This Bloomberg Markets video, published June 01, 2026, features Keith Lerner discussing SPY, EEM, VGK. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Keith Lerner · Tickers: SPY, EEM, VGK