CLOSING BELL | | The market bounced Wednesday after oil cooled by 4% and bond pressure eased, but the real tape was split between two giant AI stories: Nvidia proving demand is still alive and SpaceX pitching the biggest IPO on Earth. | Nvidia beat but still dipped after hours. SpaceX, meanwhile, filed for a Nasdaq listing under $SPCX, with AI and Starlink revenue numbers trying to support the insane 100X valuation hype train. Expect an IPO around June 11-12. The news follows rumors from both OpenAI and Anthropic about their own major AI IPOs. It's going to be a hot summer. | Today’s Briefing: | After the Bell: Nvidia cleared the data center bar, but the stock still slipped after hours IPOs: SpaceX filed the everything stack while Reddit got Googled Stock News: SELLAS data fever, Intuit’s beat and layoffs, and travel’s fuel relief rally drove the stock tape Trending on Stocks : Micware, Applied Digital, Arm, Super Micro, e.l.f., Target, and Coterra led the live movers
| |
| |
| | |
|
| | | | AFTER THE BELL
Nvidia Clears Data Center Bar | Nvidia gave the AI trade the number it was waiting for, and then some. The chip giant beat on revenue, beat on adjusted EPS, guided next quarter above the Street, and still dipped after hours. | The RIP: $NVDA ( ▲ 1.3% ) fell 1.3% after Q1 revenue came in at a record $81.6B, up 85% year over year and ahead of the $78.9B expected. Adjusted EPS hit $1.87 vs. $1.76 expected, GAAP EPS was $2.39, and Q2 revenue guidance landed at $91.0B vs. $86.8B expected. Gross margins also stayed fat, with GAAP and non-GAAP margins at 74.9% and 75.0%. | So data center bar = cleared. Revenue in that segment hit a record $75.2B, up 92% year over year. But the firm broke it down more to show off networking: data center compute revenue grew 77%to $60.4B, while data center networking revenue surged 199% to $14.8B. Translation: Nvidia is not just selling the brains of the AI factory anymore. It is selling the nervous system that wires the whole thing together. | China remains the clean-but-complicated line. Nvidia said there were no shipments of data center Hopper products to China during the quarter, versus $4.6B in Q1 FY2026, and its Q2 outlook assumes no data center compute revenue from China. Meanwhile, the roadmap stayed intact, with Vera Rubin on track for the second half of this year, starting in Q3. | Jump into $NVDA: beat or ceiling → Could Greenland Hold One of the Largest Untapped Oil Basins? | | Greenland Energy ($GLND) is advancing what could become one of the most significant frontier energy discoveries in decades. The company controls a dominant position in a massive underexplored basin in Greenland, with independent estimates suggesting multi-billion-barrel potential. | Unlike traditional exploration plays where majors split acreage into small percentages, $GLND maintains a majority ownership position across the basin while preparing for upcoming drilling activity funded through recently announced capital raises. | As global demand for secure energy supply and strategic resource development grows, investors are beginning to watch Greenland’s emerging energy sector closely. | $GLND is positioning itself at the intersection of frontier exploration, energy security, and large-scale upside potential. STOCKS
SpaceX Files The Frankenstein Stack | SpaceX filed publicly on Wednesday for a planned Nasdaq listing under $SPCX, and the S-1 is not just a rocket company reveal. Elon Musk is maintaining voting control across SpaceX, xAI, and X Platform, and the filing consolidates revenue into one consolidated space, internet, social, and AI machine. | The RIP: $SPCX ( ▼ 0.18% ) posted 2025 revenue of $18.674B, up +33.2%, with an operating loss of $2.589B and a net loss of $4.937B. Starlink made $11.387B of that revenue. AI revenue was $3.201B, up +22.2%, but the segment lost $6.355B from operations and spent $12.727B in capex.
The firm generated $4.69B in Q1 2026 revenue, slowing to just 15% growth over Q1 2025. | $SPCX insiders face a standard 180-day lockup period: ending around Dec 9. The firm is looking to raise $75B, tracking a $1.75T valuation. Founder Elon Musk preserves 79% voting power via Class B stock. | The bull case is that Starlink is already a monster cash engine, with 10.3M subscribers. The bear case: SpaceX spent $3.004B on Starship R&D in 2025, committed $19.6B toward EchoStar spectrum, signed a compute deal with Anthropic worth $1.25B per month, and locked down a $60B option to acquire Cursor after the IPO. | Traders are staring at roughly 93x-107x trailing revenue and asking if this is a moon shot or an expensive risk. | What The Community Said: The $SPCX stream has 4.6k watchers, and the latest tagged posts lean bullish. | Top Posts | | $SPCX room: launchpad or liquidity event → | Reddit Gets Googled | Reddit, the social discussion platform built around forums and community search, fell Wednesday as traders circled the Google AI-search threat again. The worry is simple: if Google answers more questions itself, fewer users may click through to Reddit. This is a story that only holds any insight if you read through the Stocktwits community, no major news drops explained why the stock was down 5% today. | What happened: Google’s I/O week put the Reddit traffic debate right back in the middle of the $RDDT story. The company showed off a more aggressive AI-first search experience, with AI Mode, generated answers, agentic search tasks, and “expert advice” style summaries that can pull from Reddit and other public forums. | Jump into $RDDT: data moat or traffic leak → |
| |
| | |
| | | | | MACRO NEWS
SELLAS Data Fever Builds | SELLAS Life Sciences, the cancer biotech developing GPS for acute myeloid leukemia, jumped Wednesday after CEO Angelos Stergiou said the Phase 3 REGAL trial has “a very good chance” to match or beat earlier survival data. | The RIP: $SLS ( ▲ 18.18% ) rose +18%. REGAL had reached 78 events as of May 11, with 80 needed for final analysis. The trial enrolled 126 AML patients. SELLAS says success means median overall survival near 12.6 months vs. 8.1 months for standard treatment. | Jump into $SLS: data or delirium → | Intuit Beats, Then Cuts | Intuit, the TurboTax, QuickBooks, and Mailchimp parent, beat Q3 estimates Wednesday and raised its full-year guide, but the stock still slid after hours after the company announced it would cut 17% of its full-time workforce. | The RIP: $INTU ( ▼ 3.95% ) fell 14% after hours. Adjusted EPS was $12.80 vs. $12.57 expected. Revenue was $8.56B vs. $8.54B expected, up 10%year-over-year. Fiscal 2026 guidance rose to $23.80-$23.85 EPS on $21.3B-$21.4B revenue. | CEO Sasan Goodarzi pushed back on the easy AI-layoff label, saying AI had “no bearing” on the cuts and that Intuit needs to be faster and leaner. | Jump into $INTU: beat or warning sign → | Fuel Relief Lifts Travel | Travel stocks caught a clean relief bid Wednesday as crude fell about 4%, after reports that Iran talks might improve. The move hit the whole fuel-sensitive group at once. | The RIP: $UAL jumped +10%, $DAL popped +9%, $CCL climbed +9%, and $NCLH rose +8% as lower oil prices improved margin math across airlines and cruises. | Jump into $UAL: fuel break or head fake → |
| |
| | |
| | | | | TRENDING ON STOCKS
Pops & Drops | | |
|
|
|
|
|
|
|
|
