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S&P 500
7,580
(+0.22%)
Nasdaq
26,973
(+0.2%)
Dow
51,032
(+0.72%)
Bitcoin
73,644
(+0.12%)
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1. Nvidia’s New Superchip Targets PCs
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Nvidia (NASDAQ:NVDA) is set to enter the PC market, CEO Jensen Huang announced at the Computex trade show in Taipei. The company’s new RTX Spark superchip – incorporating a new N1X Arm (NASDAQ:ARM)-based processor developed with Microsoft (NASDAQ:MSFT) – will appear in PCs running Windows for Arm this fall.
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“This is the first completely re-engineered, reinvented line of PCs that has happened in 40 years”: Huang added, “This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone.”
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1 petaflop of AI performance: Nvidia’s announcement says the new chip will cater to 120B-parameter LLMs with up to 1 million tokens. Nvidia gained around 2% in early trading, with Microsoft up around 3%. Arm popped over 12%.
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2. Key Upcoming Earnings to Watch: CRWD, ULTA, and CRDO
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CrowdStrike (NASDAQ:CRWD), beating the S&P 500 by 91.5% since its 2024 Hidden Gems recommendation, will report its first quarter on Wednesday. The cybersecurity specialist – also a Rule Breakers rec – saw annual recurring revenue hit $5.25 billion in Q4, as management guided for $6.47–$6.52 billion in fiscal 2027.
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Ulta Beauty (NASDAQ:ULTA) – recommended by both Team Rule Breakers and Team Hidden Gems – releases Q1 earnings after Tuesday’s close, following an 11.8% revenue increase from the prior year in Q4, with guidance predicting a further 6-7% in fiscal 2026.
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Credo (NASDAQ:CRDO) jumped 6.2% Friday – and gained close to 3% in pre-market trading – ahead of Q4 earnings due after today’s closing bell. Will demand for high-speed connectivity solutions boosted by AI data center growth justify Credo’s high valuation? That’s the big question.
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3. What Else to Watch This Week from Team RB Recommendations
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Palo Alto (NASDAQ:PANW) reports Q3 after Tuesday’s close, with investors focused on the financial impact of its $25 billion CyberArk acquisition. The previous quarter saw 15% revenue growth, but with rising integration costs.
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Veeva (NYSE:VEEV) opens fiscal 2027 with a Q1 update Wednesday. Fool analyst Emily Flippen earlier reminded us the company “is not just surviving but thriving through one of the most consequential transitions in its history” as it builds its proprietary Vault CRM solution from scratch.
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Broadcom (NASDAQ:AVGO) stock has been edging up prior to Q2 earnings, also due Wednesday. The company has six hyperscale customers in multiyear chip supply agreements through 2028, and management expects AI chip revenue above $100 billion in fiscal 2027.
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4. Markets Display Another Blockbuster Month
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Major indexes hit new highs last week, as hopes were once again raised for a peace deal in the Iran conflict. The S&P 500 rose 1.4% over the week, up 5.1% over the whole of May. The Nasdaq gained 2.4% last week and 8.4% over the month, as tech stocks continued to drive the market. |
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Futures optimism despite inflation and jobs fears: S&P futures rose another 0.1% in early trading, with Nasdaq futures up 0.3% this morning – with investors apparently undaunted by last week’s PCE inflation print showing a rise of 3.8% year over year.
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New jobs count expected to fall: The May jobs print is due Friday, expected to show a slowdown in job creation with 93,000 in the month – down from 115,000 in April.
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5. Berkshire Hathaway Set to Buy Taylor Morrison
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Berkshire Hathaway (NYSE:BRKB) has agreed to acquire Taylor Morrison (NYSE:TMHC) in an all-cash transaction, the two companies announced Sunday, marking one of CEO Greg Abel’s first major deals. Worth $6.8 billion, it values Taylor Morrison at a 24% premium to Friday’s close.
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“Over time, we expect to unify our site-built homebuilding operations into a combined platform”: Abel’s comments indicate a divergence from Berkshire’s traditional strategy of leaving acquisitions to run independently, noted Christopher Davis of Hudson Value Partners.
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TMHC stock up 23% pre-market, Berkshire relatively unchanged: The apparent confidence in the U.S. housing market hasn’t affected the Berkshire stock price yet, down 5.6% so far in 2026.
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