Market review from UTEX — week 22

Major US indices rose slightly for the week — the SPY gained 0.88%, the Nasdaq added 1.21%.

Arm Holdings surged 46% after Nvidia announced it expects $20 billion in revenue this year from sales of its Vera CPU processors. This processor is designed on the Arm architecture, which guarantees the company substantial licensing and royalty fees. Analysts have widely raised their price targets for ARM stock.

Other growth leaders: Qualcomm (+18%), IBM (+15%), AMD and Intel (+10% each). The biggest declines were in Walmart (-8%), Nvidia (-4%), and Alphabet (-3%).

Bitcoin is currently trading at $77,375. Ethereum is currently at $2,119.

On Sunday, Trump instructed US negotiators “not to rush into a deal“ with Iran. According to the president, both sides “must take their time and get it right”.

First-quarter US GDP and the PCE (the Fed's inflation indicator) will be released on Thursday.

This week is shortened but eventful. Reports are due from Dell Technologies, Synopsys, Marvell Technology, Best Buy, Salesforce, Burlington Stores, PDD Holdings, Snowflake, Costco, and Autodesk.

Top ideas for trading this week

🔴 Dell Technologies (DELL). Report on May 28 after market close. The previous report from the computer and server manufacturer pleasantly impressed investors. Total AI orders in fiscal 2026 amounted to $64.1 billion,with shipments of $25.2 billion. For 2027, the company forecasts AI revenue of $50 billion — double year-over-year. At the recent Dell Technologies World 2026 conference, advanced solutions in data storage, servers, and cybersecurity designed for AI workloads were presented. There are no longer any entry points for the medium term (+147% over the quarter!). Congratulations to those who followed the recommendation before the last report. There will likely be strong intraday moves after the report.

🔴 Salesforce (CRM). Report on May 27 after market close. A provider of enterprise CRM software. In early 2025, shares were trading in the $330–360 range; now prices are around $180. Workday and Atlassian reported better-than-expected results. Prices seem decent for the medium term, but it's better to wait for the report and the company's guidance — the sector is very sensitive to any negative news.

🔴 Manchester United (MANU). Report on May 27 before market open. Manchester United fired head coach Ruben Amorim in January 2026. He was replaced by Michael Carrick, a former club player. Despite initial skepticism, under his leadership the team managed to turn things around in the Premier League, return to the top 3, and qualify for the Champions League. According to UBS estimates, the club could receive around £75 million from TV broadcasts alone if it reaches the Round of 16 of the Champions League. On Friday, the stock closed at $20, a level it had not reached since February 2024. Mid- or long-term, if you believe in Carrick and the revival of the great club.

🔴 The quantum sector rose last week due to US capital investments of $2 billion in nine companies. We expect increased volatility here.

• D-Wave Quantum (QBTS)
• Rigetti Computing (RGTI)
• IonQ (IONQ)
• IBM (IBM)

🔴 Space. The SpaceX IPO is coming very soon. Stocks of space-related companies continue to rise and remain among the most volatile on the market.

• Intuitive Machines (LUNR)
• AST SpaceMobile (ASTS)
• Rocket Lab (RKLB)
• Planet Labs (PL)
• Tema Space Innovators ETF (NASA)

 High risk — for pros.

Profitable deals!

[button label="Trade on UTEX" url="https://margin.utex.io/stocks-usdt/exchange?utm_medium=website&utm_source=utmedia_en&utm_campaign=post"]