Good MorningThe tape leaned risk-on Wednesday as tech stocks drove major indexes to record closes, with the session's defining tension between AI infrastructure spending and earnings quality. Leadership remained narrow and concentrated in mega-cap tech, as it has been for much of this year's advance.
The Trump-Xi summit in Beijing reshaped the risk map for semiconductors, as NVIDIA CEO Jensen Huang joined the delegation at the last minute, putting chip export policy at the center of diplomatic talks. Hotter-than-expected producer price data added an inflation overhang, but investors set the Fed aside and treated Beijing as the dominant near-term catalyst for tech positioning.
Cisco jumped after nearly doubling its AI infrastructure order outlook for the fiscal year, as hyperscaler demand accelerated well beyond Wall Street's expectations, with fresh layoffs announced alongside the raise, reinforcing the pattern of trading headcount for compute. Alibaba rallied despite an earnings miss, as cloud and AI revenue surging year over year gave investors reason to look past the profit hit and into the AI spending story. NVIDIA gained on summit optimism, though analysts cautioned an advanced chip export deal remains unlikely. Traders are watching NVIDIA's earnings on May 20 and any concrete agreement out of Beijing on semiconductor trade. Featured: I was right about SpaceX (Ad) 
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Markets |
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Major pharmaceuticals firms like Pfizer Inc. (NYSE: PFE) and Novo Nordisk A/S (NYSE: NVO) have been fighting to spend large sums on smaller companies in the space in recent months (the former of these companies completed an acquisition of weight loss drug maker Metsera in November 2025). But while ... Read the Full Story |
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Consumer Discretionary |
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Shares of YETI Holdings Inc. (NYSE: YETI) jumped Thursday after the company delivered a first-quarter earnings beat and raised its full-year outlook, giving investors renewed confidence after a rocky few months for the stock. The outdoor and lifestyle products company has had a strong run over the ... Read the Full Story |
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Technology |
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The three major players in the U.S. quantum computing space—D-Wave Quantum Inc. (NYSE: QBTS), Rigetti Computing (NASDAQ: RGTI), and IonQ Inc. (NYSE: IONQ)—reported first-quarter earnings within days of each other in May 2026. This gives investors a chance to easily compare three firms vying to be t... Read the Full Story |
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Technology |
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Cisco Systems (NASDAQ: CSCO) stock price is melting up because it has emerged as AI-critical and fundamental to the industry. Not only are its networking products enabling superior performance by reducing bottlenecks and latency, but its AI-native security is in demand by enterprises. Enterprises ... Read the Full Story |
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Retail/Wholesale |
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For all their similarities, the near-term prospects of Amazon.com Inc (NASDAQ: AMZN) and Alibaba Group Holding Ltd (NYSE: BABA) have rarely looked more divergent than they do right now. Amazon is up around 17% year to date and was setting fresh all-time highs just last week following another impres... Read the Full Story |
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Energy |
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A diplomatic stalemate in the Middle East has effectively taken the Strait of Hormuz offline, removing a critical artery for global crude and refined product flows. With Brent crude forecasts targeting $95 per barrel, Washington has authorized a 172-million-barrel exchange from the Strategic Petrol... Read the Full Story |
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Technology |
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Satellogic (NASDAQ: SATL) is a rising star in the space industry, a top-10 operator by constellation size. The company is on track to continue launching satellites in 2026, expand its already functioning service base, and launch new products later this year. Drivers for its business include the de... Read the Full Story |
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Markets |
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On May 13, the market got two important, and potentially conflicting, data points regarding inflation. Before the market opened, the April Producer Price Index (PPI) came in hot. This wasn’t totally unexpected due to high energy prices, but the market initially sold off on the news. However, later ... Read the Full Story |
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Consumer Discretionary |
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GoPro, Inc. 's (NASDAQ: GPRO) Q1 2026 earnings initially painted a picture of significant distress. The company posted a 26% year-over-year (YOY) revenue decline to $99 million, missing analyst estimates by a wide margin, while the reported GAAP gross margin fell to a meager 4.3%. Beneath these al... Read the Full Story |
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Technology |
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Palantir Technologies (NASDAQ: PLTR) is down just over 10% since its May 4 earnings report as of the May 13 close. The earnings report was exceptional on every level, but it wasn’t enough to convince the company’s skeptics to push the buy button. In fairness, there’s a lot of noise surrounding Pal... Read the Full Story |
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Friday's Early Bird Stock Of The Day Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It provides mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. The company also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions un... |
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