Macro is a mess, Zuck is paywalling Instagram to feed his Nvidia habit, and we're printing fresh records as this hardware supercycle rolls into Broadcom next week
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Morning brief: UBS casually tripled its Micron price target, AMD caught a beautiful Nvidia tailwind, and we're just hoping Marvell doesn't ruin a perfectly good semiconductor rally
A massive memory chip upgrade and accelerating AI infrastructure demand are sparking a fierce semiconductor rally that is pulling the broader market higher today. Micron surged 19% to a $1 trillion valuation after UBS tripled its price target, dragging memory peer SanDisk up 7.5% on sold-out AI capacity. AMD jumped nearly 8% after Nvidia's CEO highlighted accelerating CPU demand for agentic AI, cementing AMD's vital role in the next infrastructure wave. USA Rare Earth spiked 9.6% after securing nearly $20 million in Department of Energy funding to advance its domestic critical materials and magnet production. Marvell popped 6% ahead of tonight's earnings; watch closely to see if its data center outlook can match the sector's sky-high fundamental expectations.
Posture: Aggressive on structural AI hardware trends but selective on entry points, maintaining cash reserves amid elevated speculative greed.
Tickers in focus: MU, AMD, MRVL
Upcoming earnings
Evening brief: Macro is a mess, Zuck is paywalling Instagram to feed his Nvidia habit, and we're printing fresh records as this hardware supercycle rolls into Broadcom next week
Despite sticky inflation and Middle East jitters, the S&P 500 and Dow ground out fresh record highs today as relentless AI optimism overpowered everything. IREN ripped 13.5% after securing a massive $1.6 billion purchase agreement with Dell for Nvidia Blackwell systems to rapidly scale its AI cloud services. APLD surged 8.5% after announcing a staggering $3.6 billion investment to build its first AI factory campus in Louisiana for massive computing workloads. META jumped nearly 4% as Zuckerberg launched paid premium tiers for Facebook and Instagram to offset the company's massively expanding AI infrastructure bills. The AI infrastructure buildout is blinding the market to macro risks; watch Broadcom's earnings next Wednesday to see if this hardware supercycle keeps delivering.
Posture: Maintaining a Smart Aggressive stance, riding AI infrastructure winners while deploying cash into structural AI data center trends.
Tickers in focus: META, AVGO, SPY
Upcoming earnings
The day's moves on the ledger
No slate changes were logged this day.
← Tuesday, May 26, 2026 · Thursday, May 28, 2026 → · Archive