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June S&P 500 E-Mini futures (ESM26) are trending up +0.18% this morning as investors became more confident that the U.S. and Iran are nearing a deal. The U.S. and Iran have reportedly reached a tentative deal to extend the ceasefire by 60 days, which would include the reciprocal reopening of the Strait of Hormuz during the first 30 days. It would mark the first phase of a multistage framework, which the U.S. hopes will result in Iran scaling back its nuclear program for decades. “We perhaps have the makings of a deal here,” Treasury Secretary Scott Bessent said on Thursday. A deal is reportedly awaiting approval from U.S. President Donald Trump. The price of WTI crude fell over -1% on Friday. ARM Stock Is Valued for Eternity, But Silicon Has an Expiration Date Ford Stock Is Moving Like Tesla Now. Its Results Can’t Justify the Premium. S&P 500 and Nasdaq 100 Post Record Highs on US-Iran Truce Reports Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! “If a deal is agreed upon, we should see another leg higher in risky assets and lower in rates. Positioning suggests that the rates market should see a greater reaction than equities,” said Mohit Kumar at Jefferies. Sentiment was also supported by some positive corporate news. Dell Technologies (DELL) popped over +37% in pre-market trading after the hardware maker posted upbeat Q1 results and raised its full-year revenue guidance amid surging demand for servers that power AI workloads. Also, Okta (OKTA) climbed more than +7% in pre-market trading after the company reported stronger-than-expected Q1 results and boosted its annual guidance. In yesterday’s trading session, Wall Street’s major indices closed higher, with the S&P 500 and Nasdaq 100 notching new record highs. Chip stocks climbed, with Arm Holdings (ARM) jumping more than +10% and Advanced Micro Devices (AMD) rising over +4%. Also, Snowflake (SNOW) popped over +36% after the data warehousing company reported strong Q1 results, raised its full-year product revenue guidance, and expanded its collaboration with Amazon Web Services. In addition, Agilent Technologies (A) surged more than +16% and was among the top percentage gainers on the S&P 500 after the company posted upbeat FQ2 results and raised its full-year guidance. On th...

Marvell Technology, Inc. MRVL is scheduled to report first-quarter fiscal 2027 results after market close on May 27, 2026. Marvell Technology anticipates revenues of $2.40 billion (+/- 5%) for the first quarter of fiscal 2027. The Zacks Consensus Estimate for MRVL’s fiscal first-quarter revenues is pegged at $2.40 billion, indicating year-over-year growth of 27%. For the fiscal first quarter, the company expects non-GAAP earnings of 79 cents (+/- $0.05) per share. The Zacks Consensus Estimate for MRVL’s fiscal first-quarter earnings is pegged at 80 cents per share, reflecting a 29% increase year over year. The consensus mark for earnings has remained unchanged over the past 60 days. Image Source: Zacks Investment Research In the trailing four quarters, Marvell Technology’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 1%. Marvell Technology, Inc. price-eps-surprise | Marvell Technology, Inc. Quote Our proven model does not conclusively predict an earnings beat for Marvell Technology this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. Though Marvell Technology currently carries a Zacks Rank #3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here. MRVL’s data center business is likely to have remained the primary growth driver in the first quarter of fiscal 2027, supported by accelerating AI infrastructure spending and strong bookings across its interconnect, switching and custom silicon portfolio. MRVL’s bookings are accelerating at a record pace and robust cloud CapEx trends are driving strong demand across the company’s entire data center portfolio. Marvell Technology’s data center revenues are likely to have benefited from strong demand for optical interconnects, custom AI accelerators, Ethernet switching products and XPU-attach solutions. The company expects its data center revenues to grow approximately 10% sequentially in the first quarter of fiscal 2027. Management highlighted that demand remains robust for its 800-Gig products while 1.6T solutions are ramping rapidly with multiple Tier 1 customers. MRVL’s custom bu...

(Bloomberg) -- For much of the year, chip stocks have been powering the market higher. Now, Nvidia Corp.’s earnings have a chance to confirm that the rally has more room to run — or add another brick to investors’ wall of worry. Most Read from Bloomberg Spot the Difference: Putin Gets Trump Treatment From Xi in China Iran Threatens to Retaliate Beyond Middle East If US Attacks Hasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ Veteran US Lawmakers Plan New $130 Fee for Electric Vehicle Owners US Treasuries Rebound on Optimism for US-Iran Deal Progress The leader in artificial intelligence semiconductors reports its results after the market close on Wednesday. Wall Street is expecting the latest in a series of strong prints from chipmakers as Big Tech continues to shower the companies with cash to build out AI infrastructure. So investors will be looking for indications about what the growth outlook is from here. “Nvidia’s results or guidance and the discussion on the call can give investors more confidence that this AI buildout will last not just a quarter, not just 2026, but into 2027 and 2028 and beyond,” said JoAnne Feeney, a portfolio manager at Advisors Capital Management, which owns Nvidia shares. “That will be reassuring.” A disappointment, however, could give credence to investors’ fears that the group has gotten overextended. The Philadelphia Stock Exchange Semiconductor Index has soared more than 60% this year, but it tumbled 6.4% over Friday and Monday as inflation concerns weighed on the stocks. Nvidia shares were up 1.8% on Wednesday afternoon, extending gains to 20% in 2026 and nearly 36% since hitting a recent low in late March, but they lost 6.4% in three sessions through Tuesday’s close. They’re still outperforming the technology-heavy Nasdaq 100 Index, which has gained nearly 16% this year. “Nvidia unfortunately created the expectation that it’s going to beat and raise every quarter, if they don’t, that’s going to be disappointing,” Feeney said. The stock has declined the day after Nvidia’s last three earnings reports even though the company posted solid results. The options market is pricing in a 5.5% move in either direction in the wake of this report. Despite its relatively underwhelming performance in 2026, Nvidia remains the biggest stock in the market, accounting for almost a fifth of the S&P 500 Index’s more than 8% advance this...

Investors will get highly anticipated quarterly results from Nvidia (NVDA) on Wednesday in what’s expected to be the marquee earnings event of the week. Nvidia’s report serves as a barometer of artificial intelligence trade and comes as the AI chipmaker faces increasing competition from rivals such as Cerebras (CBRS) and AMD (AMD), as well as its customers Amazon (AMZN) and Google (GOOG). So far this earnings season, S&P 500 companies have impressed market watchers by printing profits, even amid ongoing risks from the Iran war, and the index is on track for double-digit earnings growth. Reports from semiconductor companies so far underscore that the artificial intelligence boom remains a key market driver. Also reporting this week are a handful of retail companies, including The Home Depot (HD), TJX Companies (TJX), Lowe’s Companies (LOW), Target Corporation (TGT), and Walmart (WMT), which will provide insights on the state of the US consumer.

Marvell Technology (MRVL) stock has been on fire with returns of 177% in the last 52-weeks. For the reason, there is no need to look beyond the fact that the company provides data infrastructure semiconductor solutions with data centers being a key revenue driver. Of course, there has been a flurry of good news that has backed the ferocious rally. Advanced Micro Devices (AMD) recently disclosed that the company owns 65,516 shares of Marvell that’s currently valued at $10.7 million. While this does not fundamentally alter anything, the interest in MRVL stock by the chip giant underscores the long-term potential of Marvell. Meta Stock vs. Google Stock: One Is Clearly the Better Buy for the Next 10 Years Ukraine Will Leverage Palantir’s AI Capabilities In Its War With Russia. This Helps Prove PLTR Stock Will Never Be Irrelevant. S&P Futures Plunge as Inflation Fears Push Bond Yields Higher Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. In another important development, Marvell announced the acquisition of Polariton Technologies in April 2026. The latter is “a developer of high-speed, low-power plasmonics-based silicon photonics devices.” This acquisition will support the company’s ability to cater to the incremental demand for higher performance optical interconnects. According to Marvell, the industry is already looking at high-speed connectivity of 3.2T and beyond. It was also reported last month that Alphabet (GOOG) (GOOGL) is in discussion with Marvell for the development of “two new chips designed to improve the efficiency of running artificial intelligence models.” As the markets digest this news and good numbers continue to flow, MRVL stock seems to be poised for further uptrend. Headquartered in California, Marvell Technology is a supplier of data infrastructure semiconductor solutions. The company’s core strengths include development and scaling of system-on-a-chip architectures, integrating analog, mixed-signal and digital signal processing functionality. In terms of end markets, the company’s key revenue drivers are data center, enterprise networking, carrier infrastructure, consumer, and automotive segment. For FY26, Marvell reported revenue of $8.2 billion, which was higher by 42% on a year-on-year basis. Robust top-line growth was driven by the...

Nvidia (NVDA) stock closed the May 15 trading session 4.42% down at $225.32, according to Yahoo Finance. Micron closed 6.62% lower at $724.66 Intel closed 6.18% lower at $108.77 AMD closed 5.69% lower at $424.1 Broadcom closed 3.32% lower at $425.19 Marvell closed 3.12% lower at $176.89 Intel gained 164.06% Micron gained 125.18% AMD gained 116.33% Marvell gained 101.44% Broadcom gained 44.91% Nvidia gained 36.41% There have been many factors that contributed to the rally, including hyperscalers increasing their capital expenditure plans, Bank of America revising its server CPU sales forecasts, and Intel’s Q1 earnings boosting confidence in the semiconductor sector. But why is the semiconductor rally having a hiccup? UBS analysts said in their recent research note that, after conducting quantitative analysis, they found that 8 of the 12 largest global semiconductor companies by market capitalization are extremely crowded long, according to Proactive. They said that hyperscalers are shifting from asset-light to asset-heavy business models. They believe this will lead to a decline in cash flow return on investment (CFROI) over the next three years. More Tech Stocks: BofA resets Google stock price target after earnings smasher Bank of America resets Microsoft stock forecast after earnings BofA and Goldman Sachs reset Marvell stock price targets UBS analysts noted that Nvidia’s CFROI is expected to reach 82% this year. They see this as a risk, as only 0.09% of global stocks have historically sustained returns above 50% for five years, and just 0.02% for ten years. In addition to this UBS warning, Nvidia Q1 fiscal year 2027 earnings are set to be released on May 20. It has become almost a tradition that Nvidia's stock crashes after earnings, despite consistently beating the outlook. Nvidia CEO Jensen Huang explained this phenomenon at the all-hands meeting after the Q3 fiscal 2026 earnings. “If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a great quarter, we are fueling the AI bubble.” It seems the nervousness among semiconductor stock investors peaks near Nvidia’s report, so this might also be causing the dip. Contrary to sentiment, Goldman Sachs raised its EPS forecast for Nvidia ahead of earnings. TD Cowen analyst Joshua Buchalter also updated his opinion on Nvidia stock ahead of earnings, according to Investing. Buchalter is...

Epistrophy Capital Research Chief Market Strategist and The Drill Down Podcast host Cory Johnson joins Market Catalysts to discuss the Cerebras IPO and key factors to watch in Nvidia’s (NVDA) upcoming earnings report.

The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.84%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.35%. June E-mini S&P futures (ESM26) rose +0.79%, and June E-mini Nasdaq futures (NQM26) rose +2.37%. Stock indexes settled higher on Friday, with the S&P 500 and Nasdaq 100 posting new record highs. Chipmaker and AI-infrastructure stocks led the overall market higher on Friday, offsetting concerns about the Iran war. Stronger-than-expected corporate earnings are pushing stocks higher. Weakness in software stocks on Friday weighed on the Dow Jones Industrial Average. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target How Intel Stock Could Be the Biggest Winner from AMD’s Explosive Earnings Win Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward. Stocks rallied on Friday despite a larger-than-expected decline in US consumer sentiment to a record low. US Apr nonfarm payrolls rose by +115,000, stronger than expectations of +65,000, and Mar nonfarm payrolls were revised upward to +185,000 from the previously reported +178,000. The Apr unemployment rate was unchanged at 4.3%, right on expectations. US Apr average hourly earnings rose +0.2% m/m and +3.6% y/y, weaker than expectations of +0.3% m/m and +3.8% y/y. The University of Michigan’s US May consumer sentiment index fell -1.6 to a record low of 48.2 (data from 1978), weaker than expectations of 49.5. The University of Michigan US May 1-year inflation expectations rate unexpectedly eased to +4.5% from +4.7% in Apr, weaker than expectations of an increase to 4.8%. The May 5-10 year inflation expectations rate unexpectedly eased to +3.4%, weaker than expectations of no change at +3.5%. In the latest developments in the Middle East, Iran's semi-official Tasnim news agency said Iran seized an oil tanker on Friday in the Strait of Hormuz for "attempting to disrupt oil exports and the interests of the Iranian nation." Also, US forces targeted missile and drone launch sites and other milita...

The stock market hit fresh highs as crude oil prices tumbled below $100 on Iran hopes. Earnings were mostly strong, though there were big losers too

Interested in Rackspace Technology, Inc.? Here are five stocks we like better. Rackspace reported first-quarter 2026 revenue of $678 million, up 2% year over year, and reaffirmed its full-year guidance for revenue, EBITDA and cash flow. Management said the quarter’s private cloud timing issue was already built into the annual plan. Private cloud revenue fell 6% to $235 million due to onboarding timing in healthcare, but demand remains strong in regulated industries like healthcare, telecom and financial services. Rackspace highlighted new and expanded wins, including AdventHealth, a U.K. NHS Foundation Trust and BT Sovereign Cloud. The company is pushing deeper into enterprise AI infrastructure, including a non-binding memorandum with AMD to build governed AI cloud and inference offerings. Rackspace also cited growing partnerships with Palantir, Uniphore and others, while saying deleveraging remains its top capital priority. Palantir Just Opened a New DoD Door—What Changes Now? Rackspace Technology (NASDAQ:RXT) reported first-quarter 2026 revenue growth and reaffirmed its full-year outlook, while management emphasized the company’s shift toward managed, governed enterprise artificial intelligence infrastructure for regulated and sovereign environments. Chief Executive Officer Gajen Kandiah said the quarter reinforced Rackspace’s strategy of providing “governed infrastructure as the foundation,” an integrated partner technology stack and “one accountable operator” running customer environments end to end. The company highlighted momentum in private cloud deals across healthcare, telecom and financial services, as well as new and expanded partnerships tied to AI workloads. → Insider Sales: Top AST SpaceMobile Insider Cuts Postion Over 30% The 10 Top-Rated Stocks by Wall Street Analysts in August 2021 Chief Financial Officer Mark Marino said total company GAAP revenue for the first quarter was $678 million, up 2% year over year, driven by public cloud performance. Non-GAAP gross profit margin was 18.3% of GAAP revenue, down 160 basis points from a year earlier, which Marino attributed to private cloud revenue timing dynamics. Non-GAAP operating profit was $31 million, up 20% year over year, reflecting continued operating expense discipline. Non-GAAP loss per share was $0.06, flat compared with the prior-year period. Cash flow from operations was $5 million, whi...

Just days after Advanced Micro Devices (AMD) delivered a blockbuster first-quarter 2026 earnings report, the semiconductor industry is experiencing a major shift. On May 5, AMD posted revenue of $10.3 billion, up 38% year-over-year (YOY), beating consensus estimates of around $9.9 billion. But what especially caught investors' attention was the Q2 guidance of approximately $11.2 billion and management's sharply upgraded outlook for the server CPU market, which is now expected to exceed $120 billion by 2030 with annual growth above 35%. This comes as analysts note resurging excitement around CPUs, pointing to AMD's results as validation of a trend that bodes well for Intel (INTC). Both Intel and AMD are now raising CPU prices by 10% to 15% (or more) as tight supply meets surging demand in server and client segments. As CPUs Steal the Show, AMD Stock Just Got a New Street-High Price Target Cathie Wood Dumps More AMD Shares Despite Its Massive 108% Rally. Here's Why. SanDisk to $2,000: Why This Analyst Is Betting SNDK Stock Can Still Almost Double — And Putting Up the Highest Price Target on Wall Street Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Intel, the longtime CPU market leader, brings some serious advantages to this moment with its larger manufacturing scale, established customer base, advancing foundry capabilities, and strong U.S. government backing. Could Intel actually turn out to be the biggest winner from the CPU resurgence that its rival just validated? Let's take a closer look. Headquartered in Santa Clara, California, Intel designs and manufactures semiconductors, including microprocessors, chipsets, and integrated circuits for data centers, personal computers, and AI applications. INTC stock has delivered exceptional returns, now trading around the $124 malr with year-to-date (YTD) gains of 239% and a 52-week surge of 495%. Intel now commands a market capitalization of $550 billion, although its forward price-to-earnings (P/E) ratio of 180.7 times sits well above the sector median. The price-to-cash flow multiple of 50.4 times also exceeds the sector average. Intel reported Q1 2026 earnings on April 23. The report backed up the optimism driving shares higher. For the period, Intel delivered revenue of $13.58 billion versus analyst estimate...

Cathie Wood has spent weeks trimming some of the market’s hottest winners. Advanced Micro Devices (AMD) kept climbing, and it was one of the several that Wood sold. In my previous coverage, Cathie Wood sold another $15.6M of the semiconductor stock after it gained 93% this year. Other artificial intelligence names also surged. And yet, ARK Invest kept selling, raising a bigger question on Wall Street. Where exactly was that money going? Part of the answer to what Wood is buying with her newly freed-up cash arrived quietly in ARK’s latest daily trade disclosures. And it came just as one e-commerce company -- Shopify (SHOP) -- delivered the kind of earnings report growth investors have been desperately hunting for in 2026. “Shopify has entered the AI era with a clear edge,” Shopify President Harley Finkelstein said during earnings commentary. That comment alone may explain why Wood suddenly made one of her largest recent purchases. ARK Invest purchased roughly 255,804 shares of Shopify across its ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Blockchain & Fintech Innovation ETF (ARKF) exchange-traded funds on May 5, according to Investing.com. The total value of the purchase came to approximately $32.6 million. According to the filings, $20.7 million of the purchase came through the ARKK ETF, representing 7.8% of ARKK’s market value. The previous day, on May 4, 2026, ARKK ETF had also purchased $6.6M of the same Shopify shares. The May 5, 2026, purchase came immediately after Shopify posted stronger-than-expected first-quarter earnings. According to Shopify's first-quarter fiscal 2026, revenue surged to $3.17 billion, up 34.3% year-over-year, with a 15% free cash flow margin. Related: Cathie Wood sells another $15.6M of surging semiconductor stock The company also reported more than $100 billion in gross merchandise volume (GMV) in the first quarter for the first time, according to the earnings report. Meanwhile, Wood was simultaneously reducing exposure elsewhere. On May 5, 2026, ARK sold another 45,917 shares of Advanced Micro Devices, valued at roughly $15.6 million, across ARKK, ARKW, and ARKF, according to TheStreet. That followed broader AMD sales in recent weeks, loading up on Shopify, Meta, and a few others. The earnings beat alone likely wasn’t the only reason behind the aggressive buying. Shopify spent much of its earning...