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Dell, Micron Lead May US Stocks, AI Drives S&P Nine-Week Streak, May Performance Breaks "Sell Curse".
TradingKey - On the final trading day of May, the three major U.S. stock indices hit new record closing highs as technology stocks rallied, driven by Dell’s better-than-expected earnings report. By finishing the month in positive territory, the markets broke the traditional "Sell in May and go away" curse. Furthermore, the S&P 500 notched a rare nine-week winning streak, marking its longest rally since December 2023.
Farewell to SaaS Doom!US Stock Funds Are Systematically Shifting Positions, and the AI Application Sector Is Rebound
Tradingkey - On May 29, all three major U.S. indices moved higher. However, a subtle shift is occurring within the market that many have yet to notice: capital is quietly rotating into the AI application sector, which features lower valuations and healthier positioning. Since the start of the year,
When Will Broadcom Report Earnings? Will It Surge Like Dell, Super Micro Computer, and Palantir?
AI concept stocks including Dell, Super Micro Computer, and Palantir all surged following their earnings reports. The market is now watching whether Broadcom will replicate this rally when it reports results next Wednesday.
Amazon Bets on SpaceX Grok, AWS AI Platformization Accelerates Further, May Support Share Price Breaking $350
TradingKey — According to Business Insider, Amazon (AMZN) AWS is planning to add SpaceX’s Grok model to Amazon Bedrock. For Amazon, the core of this move is not a bet on Grok, but rather to continue strengthening AWS's role as a platform in the enterprise generative AI market: customers do not have to choose a single large model provider, but can instead access Anthropic, OpenAI, Meta (META), Cohere (COHR), and potentially SpaceX’s Grok in the future through a unified interface within Bedrock.
Snowflake Soars 36% After Stellar Q1 FY2027 Earnings - Is It Time to Buy SNOW at $239?
TradingKey - Snowflake Q1 FY2027: $1.05B revenue +29% YoY, product revenue +31%, RPO +28% to $4.8B. 36% breakout above multi-month descending trendline. SNOW at $239. Target $261–$280.
Partnering With Amazon AWS, SNOW Stock Soars 36%, 2026 Stock Price May Reach $500
TradingKey - On May 28, Eastern Time, Snowflake (SNOW) shares surged nearly 40% intraday, closing with a 36% gain. The rally was driven by its latest financial results exceeding market expectations and the announcement of a five-year, approximately $6 billion cloud and AI infrastructure partnership with Amazon's (AMZN) AWS.
