Fragile ceasefire holds between India, Pakistan as Trump offers more help

U.S. tech stocks fell on AI bubble fears and semiconductor pressure, while the Dow rose. Geopolitically, Trump postponed an Iran military strike at the request of Gulf allies, easing crude oil prices. Meanwhile, Nvidia began mass shipping its agent-specific Vera CPUs to top AI laboratories.

TradingKey - Micron Technology has become one of the biggest winners of AI in the semiconductor industry. Previously viewed mostly as a cyclical manufacturer of memory chips, Wall Street is now starting to see Micron as an important AI infrastructure company.

TradingKey - SpaceX IPO targets June 12, 2026 on Nasdaq (SPCX). Raising up to $75B at $1.75T valuation — largest IPO in history. Starlink 9M+ users, $15–16B 2025 revenue. Dual-class shares. Musk keeps control.

TradingKey - According to South Korean media reports, Samsung has "decisively won" against the labor union, even though the planned strike has not yet commenced. On May 18, management and labor at Samsung Electronics initiated a second round of post-dispute mediation. Although the court approved part of the injunction application filed by Samsung, it ordered the union in South Korea to ensure that the strike does not impact the company’s production volume. Samsung’s stock price fell nearly 3.1% during Monday’s intraday session but reversed course to close nearly 4% higher. Does this mean Samsung has emerged victorious from the labor-management conflict, or has the dispute merely exposed deeper internal contradictions within the company?

TradingKey - Nvidia Q1 FY2027 earnings May 20. Consensus: $78B revenue, $65B+ data centre, 74%+ margins. BofA target $320. NVDA at $224 at Fib 0.382 support. Breakout targets $231–$237.