01 Stock Market

As of May 29, U.S. stock index futures performed as follows: Dow contracts gained 0.30%, S&P 500 minis rose 0.15%, and Nasdaq 100 futures inched up 0.11%. The trio’s mild advance reflects investors digesting another wave of artificial-intelligence hardware news alongside mixed macro signals, with focus turning to whether record demand for next-generation data-center equipment can offset lingering concerns over rates and geopolitics.

Notable Stock Movers: DELL up 33.17% at $422.23 after lifting full-year revenue and profit guidance on soaring AI-server orders; memory leader MU up 2.47% at $946.35 as long-term supply contracts underpin demand; satellite developer ASTS down 13.57% at $115.03 after a competitor’s rocket failure dented sentiment; chip titan NVDA up 0.41% at $215.12 as investors await further CPU benchmarks; and server specialist SMCI up 8.55% at $44.83, riding enthusiasm for expanding cloud-infrastructure spending. NetApp jumps 18% on earnings beat and strong guidance.

Overall, pre-bell action shows a clear tilt toward semiconductor and data-center beneficiaries, while aerospace names linked to private-launch ventures face pressure. Traders are weighing whether upbeat corporate guidance can keep momentum alive even as Treasury yields hover near recent highs and energy prices retreat.

02 Other Markets

• 10-year U.S. Treasury yield fell 0.31%, to 4.44%.

• U.S. Dollar Index rose 0.03% to 99.04.

• WTI crude oil futures fell 1.44% to 87.62 USD/barrel; COMEX gold futures rose 0.66% to 4562.10 USD/ounce.

03 Key News

1. Dell Technologies raised full-year revenue and earnings targets as AI-server orders surged to drive an 88% jump in quarterly sales. Management now projects up to $169 billion in annual revenue and forecasts fiscal 2027 AI-server sales near $60 billion, citing stronger-than-expected demand from hyperscale clients.

2. A Blue Origin launchpad explosion triggered a sharp pre-market sell-off in satellite makers AST SpaceMobile and Rocket Lab. While no injuries were reported, the failed test heightened risk perceptions around commercial space projects and prompted profit-taking after a month-long rally in related equities.

3. SentinelOne announced plans to eliminate about 8% of its workforce and issued a revenue outlook below analyst estimates. The cybersecurity firm will take roughly $25 million in restructuring charges as it reallocates resources toward AI-driven security and cloud analytics.

4. Paxos secured Securities and Exchange Commission approval to operate as a registered clearing agency, becoming the first blockchain-native firm with U.S. clearing credentials. The designation allows Paxos to settle securities on a distributed ledger, potentially modernizing post-trade infrastructure for equities.

5. Institutional crypto platform FalconX confidentially filed for an initial public offering and enlisted major banks to underwrite the deal. The prospective listing would bring one of the sector’s highest-valued infrastructure players—last estimated at $8 billion—into U.S. public markets.

6. Robinhood unveiled a Treasury-backed “Trump Account” app and opened API access for AI agents to execute trades and payments on users’ behalf. Nearly six million families have preregistered for the youth-focused savings product, while the new agentic-trading feature positions the broker at the forefront of autonomous finance.

7. Hedgeye Asset Management launched the Index Adds ETF, designed to capture gains from stocks joining major U.S. benchmarks. The fund will hold up to 40 companies poised for inclusion and sell positions the day after entry, aiming to democratize a strategy historically limited to specialized hedge funds.

8. Bit Digital expanded its balance-sheet diversification by purchasing approximately $20 million worth of Ethereum, boosting holdings to 158,000 ETH. The move makes the crypto-miner one of the largest public corporate owners of the token, underscoring sustained institutional interest in digital-asset treasuries.

9. Reserve Bank of New Zealand signalled the official cash rate may rise earlier and more aggressively to restrain inflation. Governor Anna Breman emphasized the committee’s commitment to price stability after a split vote kept rates steady, hinting at tighter policy ahead.

10. Chagee reported higher quarterly revenue but lower adjusted earnings, sending its U.S.-listed shares higher in pre-market trade. Sales climbed despite margin pressure, and investors welcomed top-line resilience as the beverage chain expanded store count and digital channels.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data

Disclaimer: For informational purposes only; not investment advice.