Is Ferrari’s first EV a win?

Hey Superheroes,

Gold smashed through the US$4,000 barrier this week, clocking a new record and putting safe haven assets firmly back in the spotlight. Silver wasn’t far behind crossing the US$50/oz threshold – its highest level since the ‘80s.

Investors are piling into precious metals as geopolitical risks rise and U.S. economic data becomes harder to read. With a government shutdown stretching into its second week and central banks hoarding bullion, many see gold and silver as a hedge against both inflation and instability.

The S&P 500 and Nasdaq are still grinding slightly higher, but in context of the macroeconomic background the rally feels more cautious than euphoric. The ASX 200 on the other hand is ending the week in the red.

Let’s get into the stories that moved markets this week.

Ferrari’s First EV: High Voltage, Lower Targets

Ferrari (NYSE: RACE) has finally pulled the covers off its first electric vehicle and investors hit the brakes.

At its 2025 Capital Markets Day, the Prancing Horse unveiled the Elettrica, its first fully electric supercar. Engineered entirely in-house, the model is a technical masterpiece – but it arrives alongside a more conservative EV roadmap and long-term growth plan.

⚡ Elettrica enters the circuit

Here’s for all the car enthusiasts – the Ferrari Elettrica boasts over 1,000 horsepower, 0–100 km/h in 2.5 seconds and a top speed of 310 km/h. From custom-built e-axles and an 800V battery system to a centre of gravity lowered by 80mm, every detail has been engineered for peak performance.

And unlike most EVs, the Elettrica’s sound isn’t actually digitally faked… it’s acoustically amplified from drivetrain vibrations – i.e. a sensor picks up the car’s vibrations and amplifies those sounds, just like how an electric guitar works. That’s Ferrari for you.

🔋 Pulling back on pure EVs

Despite the technical leap, Ferrari is scaling back its EV ambition. It now expects only 20% of its 2030 sales to come from fully electric models, down from its previous 40% target. The rest will be split evenly between hybrids (40%) and internal combustion engines (ICE) (40%).

Management says this shift is a “client-centric” move – an acknowledgement that most Ferrari buyers still want the roar of a petrol engine, or at least the feel of a hybrid. It’s also a strategic hedge against uncertain EV demand and infrastructure rollout.

🏭 Building for the future

The Elettrica will be assembled in Ferrari’s newly opened e-building in Maranello, Italy, a 42,500m² facility focused on electric and hybrid manufacturing. It’s part of Ferrari’s push for vertical integration with all key components – including motors, inverters, batteries and chassis – developed in-house.

That control allows Ferrari to maintain exclusivity and optimise margins even as it adapts to electrification.

📉 Investors hit the brakes

Despite the launch hype, Ferrari’s stock plunged 15% overnight – its worst day on record – after the company revised its long-term guidance. While the 2030 plan forecasts revenue of €9 billion and EBITDA of €3.6 billion, analysts expected more from the luxury icon.

However margins remain strong with the EBITDA margin projected to hit 40% by 2030 – supported by product mix, limited-edition models and personalisation revenue.

AMD Secures Its Spot at the AI (and Gaming) Table

AMD (NASDAQ: AMD) just locked in not one – but two – big-name partnerships this week cementing its role in the future of AI and gaming.

On one end, AMD is supplying GPUs to OpenAI for a multibillion-dollar AI infrastructure rollout. On the other, it’s co-developing a new GPU architecture with Sony for the next PlayStation. 

It’s a powerful one-two punch that positions AMD as the go-to Nvidia alternative.

🔌 Powering OpenAI’s next wave

AMD confirmed a new deal with OpenAI to provide up to 6 gigawatts of AI infrastructure starting in the second half of 2026. It expects the partnership to deliver tens of billions in annual revenue and unlock long-term growth across its data centre GPU business.

The deal has already shaken up forecasts. Morningstar doubled its projections for AMD’s AI GPU revenue now expecting US$42.2 billion by 2029, up from US$20.7 billion previously. 

📦 Key detail: AMD will issue 160 million warrants (about 10% of total shares) to OpenAI – a move that dilutes equity but signals strong belief in the revenue potential.

🎮 Enter: Project Amethyst

And over in the gaming world, AMD and Sony jointly unveiled Project Amethyst – a next-gen GPU platform for the upcoming PlayStation. 

While still in development, the architecture introduces two major hardware innovations:

• Neural Arrays: Designed to improve machine learning-based rendering and data sharing between GPU cores. This should boost performance for AI-enhanced features like upscaling and real-time ray tracing.
• Radiance Cores: A new fixed-function unit tailored to accelerate ray/path tracing, similar to Nvidia’s RT cores.

The result? A smarter, more efficient chip that delivers better visuals without compromising performance.

🔮 What it means for investors

Between the OpenAI rollout and the PlayStation partnership, AMD is firmly planting its flag in two of the highest-growth tech verticals: AI infrastructure and AAA gaming.

These deals show major players are betting on AMD’s ability to deliver both hardware performance and ecosystem readiness.

That said, execution risk remains. OpenAI’s rollout depends heavily on energy availability and Sony’s new GPU architecture is still in simulation. But if all goes to plan, AMD’s bet on AI and gaming could pay off handsomely.

AMD is now up 37% for the week.

🔦  Some other things we’re shining the Spotlight on:

TACO BOUT A TURNAROUND: Guzman y Gomez (ASX: GYG) is returning $100M to shareholders via an on-market buyback after posting a 19% lift in Q1 sales. The recovery was driven by growth in Australia and the U.S., though comps still sit below consensus. GYG also plans to open 32 new restaurants this year with most of them drive-thrus.

TSMC’S AI CHIP SURGE: Chipmaking giant TSMC (NYSE: TSM) posted Q3 revenue of NT$989.9 billion (US$49.4 billion), beating analyst forecasts thanks to booming demand from AI players like Nvidia, AMD and Broadcom. The company’s stock is up more than 35% this year and it recently lifted its 2025 outlook after locking in a record Q2 profit.

LYNAS’S MAGNETIC ATTRACTION: Lynas Rare Earths (ASX: LYC) jumped yesterday after it signed a partnership with Noveon Magnetics, the only U.S.-based producer of sintered rare earth magnets. The partnership aims to build a domestic supply chain for magnets used in defence and EVs – key to reducing reliance on China. The deal supports Lynas’ “Toward 2030” strategy.

Keep up to date on the markets by following us on Instagram @superheroau.