SpaceX IPO, $AVGO Earnings, and a 9-Day Win Streak: The Week Wall Street Forgot to Sleep
Semis up 40%, oil surging past $92, SpaceX at $1.8T, and gold beating bonds — your weekly social sentiment debrief
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| AVGO Broadcom Inc. | buy | $495.00 | — | — | — |
| PANW Palo Alto Networks Inc | buy | $287.75 | — | — | — |
| CRWD CrowdStrike Holdings, Inc. | buy | $778.88 | — | — | — |
| HPE Hewlett Packard Enterprise Co | hold | $54.85 | — | — | — |
| ARM ARM HOLDINGS PLC /UK | buy | $397.85 | — | — | — |
| QCOM QUALCOMM INC/DE | sell | $238.76 | — | — | — |
| GLD SPDR GOLD TRUST | buy | $411.95 | — | — | — |
| BTC Grayscale Bitcoin Mini Trust ETF | sell | $66909.00 | — | — | — |
| MSFT MICROSOFT CORP | buy | $438.43 | — | — | — |
| RVMD Revolution Medicines, Inc. | buy | $152.46 | — | — | — |
Let's set the scene: the S&P 500 closed at record highs for nine consecutive sessions, the Philadelphia Semiconductor Index is up nearly 70% in two months, and WTI crude topped $92/barrel on Iran ceasefire drama. Fundstrat's Mark Newton is out here calling for oil to drop to $60 while the market is literally trading above $92. Bold. Respect it. Meanwhile, Nvidia's RTX Spark superchip sent $ARM up 15.7% in a single session while $INTC dropped 4.6% and $QCOM fell 8% — Nvidia just walked into the PC market and took everyone's lunch money.
The week's most unhinged stat? $HPE surged up to 37% intraday on 40% AI-driven revenue growth, and $PANW hit record highs alongside CrowdStrike after both cybersecurity names ran 50-60% in May alone. Fundstrat is waving a yellow flag on semis being 'technically unsustainable' — but BlackRock's Rick Rieder is countering with 20%+ forward earnings growth and Mag Seven trading at just 26x on 30-40% EPS growth, which frankly doesn't scream bubble. Meanwhile, gold overtook US bonds as the world's favorite investment per The Telegraph, Bitcoin bled below $70K with $594M in long liquidations, and SpaceX is targeting a $1.8 trillion IPO on June 11th — with NASDAQ's new 15-day fast-entry rule meaning passive ETF managers will be forced buyers almost immediately. $AVGO reports June 3rd with $10.7B in AI chip revenue expected. This market is not tired.
If greed is a market phase, Goldman's David Solomon just confirmed we're deep in it — and he knew that quote was getting clipped before he finished the sentence.