Momentum Movers

• $SNOW up 35% after reporting robust financial results and announcing plans to spend $6B on on AWS over five years. 
• $NBIS up 14% after the Situational Awareness fund disclosed a large position in the company.
  $META up 3% after the company launched subscriptions for Instagram, WhatsApp, and Facebook.
• $ZS down 31% after the company reported financial results and issued sales guidance below estimates. The company received multiple price target cuts from analysts. 
• $PDD down 10% after the company reported a year-over-year decrease in Q1 EPS results. 
• $IREN up 13% after the company announced it has entered into a purchase agreement with $DELL for air-cooled Blackwell systems. 
• $BSX down 12% after MedTech highlighted an ongoing slowdown in demand for its WATCHMAN cardiac implant. 
• $APP up 10% after recent positive analyst comments.
• $ARM down 5% as shares of some semiconductor stocks fell on Wednesday. 
• $ASTS up 8% as companies in the space sector continued to have strong momentum into the upcoming SpaceX IPO. 

Sector Performance

Market News

• Oil inventories fell less than expected on Wednesday, leading to a slight drop in crude prices. 
• Fed’s Cook stated the Fed is ready to hike rates if needed, but urged patience. 

Upcoming Events 5/28/26

• PCE / Core PCE Prices (Apr)
• 7-Year Note Auction
• Earnings: $BBY, $DELL, $PATH, $PLAB, $HRL, $MDB, $COST, $XPEV, $S, $KSS, $GAP, $FUTU