Meta Platforms jumped 3.6% today on news of new AI-driven ad‐creation tools and a 20-year, 1.1-GW nuclear power purchase agreement with Constellation Energy (CEG), pushing Meta to fresh highs. CEG shares climbed 7% after the deal was announced, as investors also bid up other nuclear names amid concerns over energy security and rising demand for clean baseload power.

Key highlights:

• Meta Platforms (META):
  • Stock gain: +3.6% on June 3, 2025, to roughly $670.90.
  • Catalyst 1: Announced automating ad creation via AI, boosting advertiser efficiency.
  • Catalyst 2: Signed a 20-year nuclear offtake deal with CEG’s Clinton Clean Energy Center, effective 2027.
• Constellation Energy (CEG):
  • Stock gain: +7% on June 3, 2025, after sealing the long-term contract with Meta.
  • Deal details: Meta will purchase 1.1 GW of nuclear power from the Clinton plant, keeping it open and underlining baseload stability.
  • Peer lift: CEG’s move also lifted fellow nuclear/utility names like Vistra Energy, Talen Energy, Oklo, and Cameco.

Nuclear stocks – still the place to be?
Yes. Today’s rally in CEG and related names reflects growing investor appetite for low-carbon, reliable power amid geopolitical tensions and clean-energy targets. The Meta-CEG deal underscores that blue-chip corporate buyers are locking in long-dated nuclear contracts, keeping nuclear equities firmly in favor.

Applied Digital (APLD) exploded higher today after unveiling two ~15-year leases with Nvidia-backed cloud up-start CoreWeave that could generate about $7 billion of revenue.  The stock opened +17 % on the Reuters flash but ballooned as much as +45 % on record volume once investors digested the size, duration and AI credentials of the deal. ‍

• Deal specifics: CoreWeave is taking 250 MW of new high-performance-compute capacity in North Dakota, paying fixed rates that average out to roughly $185 million a year over the term.
• Balance-sheet impact: Contracted cash flows underpin Applied Digital’s pivot from volatile crypto-miner hosting to a steadier “AI data-center landlord” model, de-risking its $1 bn build-out plan and supporting the recent $375 mn SMBC project loan.
• Multiple expansion story: At Monday’s intraday high of $10.95 the shares traded near 9× fiscal-2026 EBITDA (vs. ~5× pre-deal), reflecting a re-rating toward REIT-like HPC peers.
• Sentiment fuel: Short interest was ~24 % of float last week; today’s vertical move triggered a mechanical squeeze that added to upside momentum.
• Next catalysts: Management hosts an investor call at 11 a.m. ET; details on margin profile and cap-ex phasing could decide whether the stock holds its gains into month-end.

Bottom line: the CoreWeave pact validates Applied Digital’s AI pivot, transforms its revenue backlog, and—at least for today—turned a lightly followed crypto host into one of Wall Street’s hottest AI infrastructure names.

Steel names are sprinting out of the gate after Donald Trump vowed late Friday to double Section 232 duties on foreign steel to 50 %, effective June 4.  The surprise hike instantly improves U.S. mills’ pricing power and set-off a reflex rally across the group.

• Tariff shock is the ignition: doubling the levy strips imported sheet of roughly $100/ton of price advantage, handing domestic producers a clear runway to raise offers.
• Share prices gap higher: Cleveland-Cliffs spikes 23 %, Nucor +10 %, Steel Dynamics +8 % as traders anticipate fatter margins and market-share gains once the new rate kicks in mid-week.
• Futures confirm the squeeze: Midwest hot-rolled-coil, already trending up this spring, surges from about $780 to $920 per ton in the first electronic prints after the headline.
• Momentum was building anyway: service-center inventories sit near four-year lows and mills have pushed through three $50/ton list hikes since March; the tariff simply accelerates a tightening tape.
• Macro & positioning tailwinds: Monday’s move forces short-covering in a sector that lagged the S&P by 15 pts YTD, while value-cyclical rotation funnels fresh capital into metal producers.
• Traders’ next checkpoints: June scrap-buy negotiations (later this week) will signal whether mills can lift coil while holding raw-material costs flat; watch for profit-taking 24-48 hours after Wednesday’s tariff start.

Taken together, the tariff news is the headline catalyst, but it lands on a market that was already tilting bullish on supply-demand tightening—amplifying both price and equity upside in today’s session.

Marvell designs and sells semiconductor solutions—particularly custom ASICs and SoCs—for data centers, enterprise and carrier networking, storage, AI inference/acceleration, automotive, industrial and consumer markets.

In the quarter ended May 3, 2025, Marvell reported:

• Revenue: $1.90 billion, up 63 % year-over-year and ahead of the $1.88 billion consensus
• Non-GAAP EPS: $0.62 (vs. $0.61 expected)
• Guidance: $2.00 billion for the current quarter, roughly in line with estimates
  Despite beat­ing on both top and bottom lines, MRVL shares fell ~2.3 % in after-hours trading on the earnings report.

Why MRVL’s stock is under pressure

1. Heavy data-center concentration
   • Data-center sales now make up ~72 % of Marvell’s revenue, up from 41 % in 2023. This exposes the stock to any pullback or insourcing trend among hyperscalers like AWS, Microsoft Azure and Google Cloud, which are increasingly developing their own custom chips Barron's.
2. Postponed investor day & tightened guidance
   • Marvell delayed its planned June 10 investor day to 2026, citing the “dynamic macroeconomic environment,” and narrowed its fiscal Q1 2026 revenue range to $1.875 billion ± 2 % (down from ± 5 %). The lack of near-term visibility spooked investors and drove an ~11 % one-day drop when announced Investopedia.
3. Broader semiconductor sector headwinds
   • The PHLX Semiconductor Index is down ~5.3 % year-to-date amid inventory corrections, tariff worries and economic uncertainty—pressuring even companies that beat estimates .
4. Elevated valuation & profit-taking
   • After strong gains in 2024, Marvell’s forward P/E has compressed from ~41.5× to ~21.0×. That correction, combined with a 42 % drop in the stock so far this year, suggests profit-taking and rotation into other parts of tech Barron's.
5. Investor skepticism on growth runway
   • While custom AI silicon is a long-term opportunity, investors worry about margin pressure on lower-margin bespoke chips and competition from in-house designs at major cloud providers—and recent short interest has ticked higher amid this uncertainty MarketWatch.

Ambarella develops low-power, high-definition video and AI vision system-on-chip solutions used in security cameras, automotive ADAS, robotics, and consumer devices. In the quarter ending April 30, 2025, it posted revenue of $85.9 million and non-GAAP EPS of $0.07, both ahead of Street estimates, yet reported a GAAP loss of $0.58 per share and guided next-quarter revenue only modestly higher (-$86 M to $94 M).

Key reasons AMBA’s stock has been under pressure

• Modest near-term guidance
  Although Q1 beat on the top and bottom lines, Ambarella’s outlook implies only mid-single-digit sequential revenue growth—below investor hopes for a stronger ramp from its new CV5/CV7 AI SoCs.
• Broader semiconductor headwinds
  The PHLX Semiconductor Index is down about 5.3 % year-to-date, reflecting trade-tariff uncertainty, inventory corrections at end markets, and macroeconomic concerns.
• Rising bearish sentiment
  Short interest in AMBA shares climbed 19 % in March to 1.63 million shares (4.1 % of float), signaling growing skepticism among traders.
• Profit-taking after strong rally
  AMBA stock has surged roughly 27 % over the past year, making it vulnerable to position-squaring amid the cautious outlook and sector pullback.

Bottom line:
While Ambarella’s technology roadmap remains promising—especially its edge AI vision chips—near-term revenue guidance, a challenging semiconductor backdrop, and elevated short interest have combined to sap investor enthusiasm and pressure the stock.

SentinelOne (S) slumped after posting fiscal 1Q26 (Apr 30) results. Revenue rose 23 % Y/Y to $229 m, roughly matching the $228 m consensus, and adjusted EPS landed at $0.02. But management lowered full-year revenue guidance to $996-$1,001 m from $1.007-$1.012 b and reported annual-recurring revenue of $948 m, both below expectations, blaming elongated sales cycles and cautious enterprise budgets. The reset sent the shares down about 13 % to $17 in early trade, erasing much of their year-to-date gain.

By contrast, larger rival CrowdStrike (CRWD) continues to out-execute. Its January-ended 4Q25 delivered 33 % revenue growth to $1.04 b and EPS of $1.03 versus $0.86 consensus, and the stock sits near record highs ahead of its 1Q26 print on June 3 despite last year’s outage scare. Investors value CRWD at ~14× forward sales versus SentinelOne’s ~8× following today’s miss, underscoring the premium the market assigns to scale, profitability and consistency in the crowded endpoint-security field.

As of the U.S. market open on May 29, 2025, the 10-year Treasury yield climbed to approximately 4.52%, up from 4.47% at the close two sessions ago, marking a steady ascent from mid-April’s low near 4.17%. This move reflects renewed concerns over persistent inflation and diminishing odds of Federal Reserve rate cuts in 2025, with traders trimming expectations for policy easing after stronger-than-expected economic reports. Bond strategists have been revising their forecasts higher, signaling that yields could test the 5% threshold later in the year.

Rising long-term rates exert downward pressure on equities by increasing the discount rate used to value future corporate earnings, particularly hurting high-growth and technology stocks with heavy cash-flow in later years. Since the start of May, the S&P 500’s tech-heavy Nasdaq composite has underperformed broader indices, while financial shares—benefiting from wider interest margins—have outpaced the market. Moreover, higher yields have cooled recent risk appetite: after hitting fresh highs in early May, major benchmarks have experienced choppy trading and modest pullbacks as investors adjust to the evolving rate outlook.

Looking back over the past six weeks, the 10-year yield’s rise of over 35 basis points has coincided with elevated equity volatility, a rotation out of “bond proxy” sectors like utilities and consumer staples, and a defensive pivot into cyclicals and value names. Should yields sustain above 4.5%, expect continued valuation pressure on growth-oriented names and further sectoral shifts. Conversely, any re-test of lower yield levels could reignite broad-based rallies, underscoring the pivotal role of the 10-year rate in steering market sentiment.

GameStop’s stock has been driven primarily by a strategic pivot into Bitcoin coupled with continued retail enthusiasm. Earlier this week, the company announced a purchase of 4,710 BTC—valued at over $509 million at prevailing prices—as part of a newly updated treasury policy approved in March and funded via a $1.3 billion convertible note offering.

It appears that the news was front-run by institutions/insiders as the stock immediately saw a sell-the-news reaction at open.

Following the announcement, GME jumped nearly 12 % on the day but subsequently pulled back about 5.8 % as profit-taking set in after a three-day rally of almost 25 %. This volatility underscores both strong interest in the crypto move and uncertainty over its long-term impact.

Analyst sentiment is mixed: some see the Bitcoin buy as a path to durable diversification akin to MicroStrategy’s model, while others question the valuation premium over pure BTC holdings, noting that unlike MicroStrategy, GameStop’s primary business remains under pressure.

Retail chatter remains elevated—shares are trading higher on renewed retail investor interest and Bitcoin price momentum—suggesting that until clearer results emerge from the crypto strategy, GME will remain a high-beta, headline-driven play

Microsoft (MSFT) delivered a stellar Q4 performance, exceeding analyst expectations on both revenue and earnings. Cloud giant Azure continued its dominance, growing 46% year-over-year, yet the company's stock experienced a surprising dip following the report. So, what fueled the rally, and why did the party seem to end early?

• Revenue surged 18% to $62 billion, while EPS jumped 33% to $2.93. All segments saw healthy growth, particularly Azure, showcasing Microsoft's diversified strength.
• Azure reaffirmed its position as the second-largest cloud platform, solidifying investor confidence in Microsoft's long-term growth potential.

Despite the positive results, a few factors might have dampened investor enthusiasm:

• While optimistic, Microsoft's future outlook fell slightly short of some analyst expectations, hinting at potential headwinds in a slowing economy.
• With the stock already trading at a high valuation, some investors might believe future growth is already priced in, leaving little room for upside surprises.
• Global economic uncertainties and rising interest rates continue to cast a shadow, with investors questioning the sustainability of current growth rates.

Despite the post-report dip, Microsoft's Q4 performance was undeniably strong. However, the modest selling pressure highlights the cautious optimism surrounding the company's ability to maintain its momentum in a more challenging economic climate. Investors will be closely watching how Microsoft navigates these headwinds and executes its ambitious growth plans in the coming quarters.

Sanmina (SANM), the electronics manufacturing giant, ignited a firestorm on Wall Street today, with its stock price erupting over 15% after unleashing its December quarter results. The company obliterated analyst expectations by delivering not just robust profits, but a growth narrative that sent investors clamoring for more.

• Sanmina's profit after tax nearly doubled year-over-year, leaving even the most bullish estimates in the dust. This explosive performance was fueled by a potent cocktail of factors.
• Sanmina rode the wave of surging demand for electronics, as businesses and consumers alike continued to snap up laptops, smartphones, and other gadgets. This translated into a 20% jump in revenue, defying concerns about a potential tech slowdown.
• The company squeezed more juice out of every lemon, with its gross margin expanding by a percentage point. Sanmina's leaner operations and strategic sourcing initiatives paid off handsomely, boosting its bottom line.
• Investors cheered Sanmina's success in diversifying its client base beyond its traditional focus on smartphones. The expansion into medical devices and automotive electronics insulated the company from market fluctuations and fueled confidence in its future prospects.
• This potent combination of strong growth, margin expansion, and strategic foresight painted a picture of a company thriving in a turbulent environment. It's no surprise that investors flocked to Sanmina's stock, pushing it to new highs and sending a ripple of excitement through the tech sector.

However, a note of caution remains. Geopolitical tensions and potential supply chain disruptions could pose challenges in the coming months. Nonetheless, Sanmina's stellar Q4 performance and its clear focus on operational excellence have rekindled investor enthusiasm, making it a stock to watch in the tech arena.