Shesa's Weekend Stock Market Updates - 5|10|26

Welcome to my weekend's updates

Last week stock market continued to go up boosted by Very good earnings from AMD and SanDisk that reignited the semiconductor rally! On Friday, May 8, stocks further rose to records after a stronger than expected April jobs report (115k jobs added vs. 55k expected). The unemployment rate held at 4.3%. ADP said, Private payrolls rose by 109,000 in April, topping Wall Street’s expectations of 84,000. Now let see the Indexes:
  • S&P 500: Up 2.3% (+168.81 points), closing at 7,398.93 (new record high).
  • Nasdaq Composite: Up 4.5% (+1,132.63 points), closing at a record 26,247.08. 
  • Dow: Up 0.2% (+109.89 points), closing at 49,609.16. 
  • Russell 2000 (small-caps): Up 1.7%. 
  • Semiconductor Index has gone up a spectacular 45% this year
Other News
  • President Tump and Chinese president Xi Ping meets from May 14 - 16. This may be important from market perspective

  • SpaceX and Anthropic had a deal last week wherein Anthropic will be renting AI compute from a giant data center run by SpaceX. This will help Claude to runs faster and smoother. This a very good news for both the companies

  • Micron stock climbed 11% Tuesday after the company announced that its highest-capacity solid-state drive has started to ship.
Key US economic releases next week (May 11-17, 2026)
  • Mon May 11: Existing Home Sales (April) 
  • Tue May 12: CPI (April) 
  • Wed May 13: PPI (April)
  • Thu May 14: Retail Sales (April)
Earnings last week

AMD
  • EPS: $1.37 vs. $1.29 expected.
  • Revenue: $10.25 billion vs. $9.89 billion 
Guidance : $11.2 billion vs. $10.52B expected.
My view: AMD had a very good quarter guidance. But the gain after report seemed to me it was more to do with the momentum.

IONQ
  • Revenue: $64.7M vs $49.7M, up 755% YOY.
  • EPS: -$0.34 vs consensus ~-$0.46 (beat). EPS: $2.19 (due to non-cash gain).
  • Guidance raised: FY revenue $260-270M; Q2 $65-68M.
My view: This was excellent but the loss went up because of acquisitions. This is a great long term stock.

CoreWeave (CRWV)
  • Earnings per share: Loss of $1.40. That figure may not be comparable to estimates.
  • Revenue: $2.08 billion vs. $1.97 billion expected
  • Net loss: $740M, up from $315 million last year.
  • Backlog: Record $99.4B.
  • Guidance: Q2 revenue $2.45B–$2.6B (below $2.69B consensus). FY2026 revenue maintained at $12B–$13B.
My view: Revenue grew over 100% but the operating losses were more than doubled. It has huge debt and losses are pulling. So, won’t add at this time. It was not a great quarter.

TEM
  • Revenue: $348.1M (+36% YoY) vs. $345.4-345.5M consensus. 
  • EPS: -$0.20 to -$0.21).
  • Guidance: in-line
My view: Not impressed!

ARM
  • Revenue: $1.49B actual vs $1.47B expected (beat). 
  • EPS: $0.60 actual vs $0.58 expected (beat). 
  • Guidance:Revenue $1.26B
My View: It was OK earnings. Not too excited. 

Earnings this week
5/13: One stock that I would like to see is Nabobs (NBIS). I am expecting good results. But stock has gone up too much, so it's important that it comes with good earnings and guidance. Also, I will be looking forward another couple of small cap earnings. 

Stocks to watch
MU, TSLA, NVDA, NBIS, AVGO, INTC, AMD, APLD, ANET, GOOG, DXYZ, AAPL, AMZN
Note: These are not recommendations. I will just watch these stocks.

What to watch going forward?
Since the stock market and AI related stocks have gone up too much too fast. It's better to be watchful. A little bit of pullback may be healthy for the market. I spoke at length in the investment meet today. 


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