Dell's 33% Single-Day Rip, a $2T IPO Bomb, and Iran Chaos: The Week Wall Street Will Not Shut Up About
Nine straight weeks of S&P gains, a 33% Dell moonshot, and an Iran deal that may or may not exist — welcome to late May 2026.
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| DELL Dell Technologies Inc. | buy | $420.36 | — | — | — |
| SNOW Snowflake Inc. | buy | $255.55 | — | — | — |
| OKTA Okta, Inc. | hold | $123.00 | — | — | — |
| NTAP NetApp, Inc. | buy | $173.50 | — | — | — |
| CSCO CISCO SYSTEMS, INC. | buy | $120.55 | — | — | — |
| ZS Zscaler, Inc. | hold | $139.02 | — | — | — |
| DLTR DOLLAR TREE, INC. | buy | $116.40 | — | — | — |
| BBY BEST BUY CO INC | hold | $77.87 | — | — | — |
| MU MICRON TECHNOLOGY INC | buy | $964.78 | — | — | — |
| ANET Arista Networks, Inc. | buy | $159.62 | — | — | — |
| CRM Salesforce, Inc. | buy | $192.92 | — | — | — |
| MSFT MICROSOFT CORP | buy | $449.99 | — | — | — |
| TT Trane Technologies plc | buy | $451.31 | — | — | — |
| LLY ELI LILLY & Co | buy | $1103.62 | — | — | — |
Let's start with the obvious: $DELL went full rocket ship, surging 33% in a single session after guiding to $167B in annual revenue — including $60B from AI servers alone — versus analyst estimates of $142B. Jim Cramer on Mad Money floated the idea that we might look back on this as the moment Dell took over computing. Bold. Also possibly correct. Meanwhile, $SNOW had its best day since its 2020 IPO, popping ~39% after dropping a $6B AWS deal and proving that AI is a tailwind for data platforms, not a headwind.
The macro backdrop? Chaotic but bullish. The S&P 500 closed up roughly 5% for May with its 9th consecutive weekly gain, powered by Iran ceasefire optimism (a tentative 60-day MOU is reportedly on Trump's desk), a tech sector up 16% on the month, and Q1 earnings that came in at $80 vs. the $70 expected — a beat Tom Lee at Fundstrat says explains 800–1,000 points of S&P upside since April. Oil dropped hard on de-escalation hopes. Mortgage rates are still at 6.6% and housing affordability is at near-2006 levels, but nobody at the all-time-high party wants to hear that right now.
The week's wildcard nobody is sleeping on: a $2 trillion IPO calendar — SpaceX, OpenAI, Anthropic — hitting a $45 trillion market. Tom Lee calls it a key H2 risk. History says it's a coin flip. So, naturally, the vibe is: enjoy the meltup, watch the EMA 12 on the S&P, and maybe don't mortgage your house to buy into the SpaceX IPO hype before the prospectus drops.