Analysis

TradingKey — Goldman Sachs (GS) is expected to serve as the lead underwriter for SpaceX’s IPO, ranking first on the underwriter list, according to people familiar with the matter. Morgan Stanley (MS) is also a lead underwriter for the IPO but is expected to rank behind Goldman Sachs.

Tradingkey - Since April 2026, the Philadelphia Semiconductor Index (SOX) has maintained a unilateral upward trend, reaching an intraday all-time high on May 14. As of that date, the index recorded a cumulative gain of 69.05%, approximately double the increase of the Nasdaq 100 Index ETF (QQQ) over the same period, significantly outperforming the broader technology sector. However, the index entered a rapid correction starting in mid-May. Yesterday, it fell as much as 3.6% intraday, touching a low of 10,895.75 points, a nearly two-week low. By the close, the SOX had declined 6.8% from its recent peak.

TradingKey - South Korea's National Labor Relations Commission stated that Samsung Electronics and its labor union failed to reach an agreement after nearly 15 hours of negotiations. The two sides will resume talks on Wednesday morning, just one day before the union's scheduled strike.

TradingKey - The Nikkei 225 Index opened 0.2% lower in early trading, with losses quickly widening to 2%. It has weakened for five consecutive trading days, falling below the 60,000 mark for the first time this month. South Korea's KOSPI Index opened 0.7% higher before its intraday losses expanded to 2%.

U.S. stocks retreated as surging Treasury yields and geopolitical tensions pressured markets. Meanwhile, global focus shifted to key international diplomacy, U.S.-Iran negotiations, Google's major AI announcements, and highly anticipated previews of Nvidia’s upcoming corporate earnings report.

TradingKey - NVIDIA (NVDA.US) will release its first quarter fiscal 2027 financial results after the market close on May 20, Eastern Time. Market expectations project revenue at approximately $78.9 billion, representing a year-on-year increase of about 79%, with adjusted earnings per share (EPS) of approximately $1.77.

TradingKey - In recent years, cybersecurity has rapidly climbed to be among the top themes for Wall Street, with Palo Alto Networks being one of many companies that has thrived as a result. 

TradingKey - Netflix ad tier hits 250M MAUs, Q1 revenue +16% to $12.25B, 32.3% operating margin. INKubator AI animation studio announced. NFLX at $90, channel support. Targets $92–$97.

TradingKey - NVIDIA (NVDA) will release its earnings report after the U.S. market close on Wednesday, May 20, a report that will serve as the most critical stress test for the AI trade. However, the market is not betting entirely on the stock trending higher. Recent signals from the options market indicate that while investors are placing bullish bets, they are also purchasing a significant volume of protective positions, suggesting the market is bracing for heightened volatility. Options analytics firm SpotGamma noted in a recent report that the implied move for NVIDIA's earnings has reached 6%.

TradingKey - By 2026, the saga of Amazon.com Inc. ($AMZN$) isn’t about e-tailing supremacy or getting products to customers overnight. It is the story of an IT colossus re-purposing its sprawling IT capacity to be first mover in the generative AI boom.

TradingKey — On Monday Eastern Time, U.S. President Trump announced the cancellation of a planned strike against Iran scheduled for Tuesday, after leaders from three regional powers in the Middle East requested that he “hold off on action.” As of press time, the Dow Jones Industrial Average fell 0.19%, the Nasdaq Composite declined 0.61%, and the S&P 500 dropped 0.37%.

Tradingkey - May 19: Poor performance in U.S. tech stocks yesterday weighed on Asian markets today. Amid market concerns over the impact of the Samsung strike on the AI industry and the upcoming earnings report from AI giant Nvidia, stock markets in Japan, South Korea, and Taiwan all declined. Geopolitical tensions eased as Trump announced the postponement of a military strike against Iran originally scheduled for Tuesday, May 19. Today, Iran’s Deputy Foreign Minister announced a draft agreement proposal to the U.S., which includes the withdrawal of U.S. forces from the surrounding region.

TradingKey - According to an internal memo, the company’s Head of HR, Janelle Gale, notified all staff on Monday that layoff notices will be issued in batches starting at 4:00 AM local time on Wednesday, May 20. This round of adjustments involves approximately 8,000 positions, representing about 10% of Meta's total global workforce of 78,000.

This article evaluates Microsoft's potential to reach a $1,000 stock price by 2030. Despite near-term pressures from heavy AI capital expenditures and OpenAI investment losses, MSFT remains backed by a $625 billion commercial backlog and a strong 39% Azure growth rate driven by enterprise AI monetiz

TradingKey — Kyung Kye-hyun, the former head of Samsung Electronics' semiconductor division, warned on Monday that global memory chip prices could begin to decline as early as the second half of 2027. Risks stem not only from aggressive capacity expansion by Chinese manufacturers but also from potential demand contraction if tech giants like Amazon and Microsoft see declining returns on investment (ROI) for their AI-related capital expenditures.

TradingKey - In a recent interview with Bloomberg, the CEO of Delta Air Lines (DAL) stated that the company chose Amazon’s (AMZN) LEO satellite service over SpaceX’s Starlink for its in-flight Wi-Fi. The CEO noted that Amazon offers more than just satellite technology, providing lower costs and greater technical capabilities. He specifically highlighted that Amazon possesses retail capabilities, Prime membership, and a video entertainment ecosystem, all of which are advantages Starlink lacks.

TradingKey - During the Asian trading session on May 19, Standard Chartered PLC (02888.HK) rose more than 4% intraday to HKD 201.80, bringing its year-to-date cumulative gain to over 5%.

A former OpenAI researcher is aggressively shorting semiconductor stocks such as NVIDIA and Broadcom, asserting that the second half of the AI cycle will shift its focus from chips to power.

TradingKey — Latest reports indicate that SpaceX has announced a 1-for-5 stock split ahead of its IPO. The company adjusted the fair market value per share from $526.59 to $105.32. The split is expected to be processed during the week of May 18 and completed by May 22.

TradingKey - On May 18 local time, a nine-person jury in a federal court in Oakland, California, unanimously ruled to dismiss Elon Musk’s lawsuit against OpenAI and Sam Altman after less than two hours of deliberation. The case was dismissed because the statute of limitations had expired, precluding a substantive trial on the core dispute of whether OpenAI deviated from its original non-profit mission.