May 20, 2026 · Market Brief

Pre-Market · May 20, 2026

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Semiconductor stocks dominated overnight action with SOXL surging 13.4% on pre-Nvidia earnings momentum and Samsung strike supply concerns. AMD (+8.5%), INTC (+7.0%), ASML (+6.3%), and LRCX (+6.2%) all rallied as investors rotated into chip equipment and AI-driven memory demand narratives. Travel stocks similarly exploded—UAL and NCLH both jumped 9.7%, while DAL (+9.3%) and CCL (+9.1%) benefited from lower oil prices and cruise sector rotation. Energy plays CEG (+7.8%) and NRG (+8.0%) added fuel with buyback completion and AI hyperscaler power demand respectively, while QQQ's +1.48% and TQQQ's +4.42% overnight reflects tech's outsized strength. Lone notable downside: HAS (-8.3%) and TGT (-5.8%) stumbled despite earnings beats, hurt by guidance caution and Fed rate concerns.

Recommendation

Buy:** Semiconductor equipment names (LRCX, ASML) and power/utility plays (CEG, NRG, VST) show sustainable momentum on AI capex tailwinds—these have fundamental support beyond overnight exuberance. **Sell/Avoid:** Travel stocks (UAL, DAL, CCL, NCLH) are exhibiting classic mean-reversion patterns on transient fuel/yield catalysts; lock in gains before sentiment shifts. **Hold:** Broad tech (QQQ exposure) remains supported but monitor Nvidia earnings closely—a miss could reverse the chip sector rally entirely, making selective positioning safer than chasing breadth.

Indices & ETFs

SPY$740.90

▲ 0.98%

7D ▼ 0.2%30D ▲ 4.5%6M ▲ 11.8%

QQQ$711.93

▲ 1.48%

7D ▼ 0.4%30D ▲ 10.1%6M ▲ 18.7%

TQQQ$76.15

▲ 4.42%

7D ▼ 1.4%30D ▲ 31.1%6M ▲ 52.2%

SOXL$172.24

▲ 13.40%

7D ▼ 6.5%30D ▲ 79.5%6M ▲ 379.0%

SPX$7427.38

▲ 1.00%

7D ▼ 0.2%30D ▲ 4.5%6M ▲ 11.8%

Top Movers28 movers

UALUnited Airlines Holdings, Inc.▲ 9.7%

United Airlines surged 9.7% on strong summer travel demand forecasts and bullish international booking momentum.

Price

$89.12 → $97.76

Mkt Cap

$31.7B

P/E

8.7x

▲ 2.2%

30D

▼ 1.2%

▲ 7.0%

NCLHNorwegian Cruise Line Holdings Ltd.▲ 9.7%

NCLH rallied alongside Carnival as cruise stocks diverged positively from Royal Caribbean and broader market weakness on bond yield concerns.

Price

$14.79 → $16.22

Mkt Cap

$7.4B

P/E

13.1x

▲ 1.0%

30D

▼ 19.9%

▼ 8.8%

SMCISuper Micro Computer, Inc.▲ 9.4%

Super Micro Computer shares surged 9.4% today as investors bid up the AI server leader following positive momentum and agentic AI demand tailwinds.

Price

$30.56 → $33.44

Mkt Cap

$20.2B

P/E

17.6x

▲ 4.5%

30D

▲ 16.1%

▼ 0.9%

DALDelta Air Lines, Inc.▲ 9.3%

Oil prices fell below $100 on Iran deal hopes, reducing Delta's jet fuel costs and boosting airline profitability expectations.

Price

$67.76 → $74.04

Mkt Cap

$48.7B

P/E

10.8x

▲ 4.2%

30D

▲ 4.0%

▲ 30.2%

CCLCarnival Corporation Ltd.▲ 9.1%

Carnival surged 9% as bond yields fell and cruise stocks rebounded, with CCL and Norwegian outperforming Royal Caribbean.

Price

$23.89 → $26.06

Mkt Cap

$36.1B

P/E

11.5x

▲ 4.1%

30D

▼ 10.2%

▼ 0.1%

AMDAdvanced Micro Devices, Inc.▲ 8.5%

AMD surged 8.5% as semiconductor stocks rallied ahead of Nvidia earnings, with memory chip supply concerns from Samsung strike risks boosting sector sentiment.

Price

$414.05 → $449.09

Mkt Cap

$732.3B

P/E

150.7x

▲ 0.8%

30D

▲ 63.3%

▲ 100.9%

HASHasbro, Inc.▼ 8.3%

Hasbro beat Q1 earnings but cited unforeseen costs and an uncertain outlook, causing investors to sell despite strong results.

Price

$97.18 → $89.08

Mkt Cap

$12.6B

P/E

N/A

▼ 5.2%

30D

▼ 6.6%

▲ 16.5%

NRGNRG Energy, Inc.▲ 8.0%

NRG surged on new CEO Robert Gaudette's strategic pivot toward AI hyperscaler power supply and virtual power plant expansion, positioning the company for high-growth opportunities.

Price

$123.71 → $133.59

Mkt Cap

$28.2B

P/E

145.3x

▲ 1.9%

30D

▼ 15.0%

▼ 20.9%

CEGConstellation Energy Corporation▲ 7.8%

Constellation Energy's 7.8% gain likely reflects strong Q1 2026 earnings surge and completion of its $2.36 billion share buyback program, boosting shareholder value.

Price

$260.67 → $281.07

Mkt Cap

$101.6B

P/E

24.4x

▲ 2.2%

30D

▼ 2.3%

▼ 21.4%

VSTVistra Corp.▲ 7.2%

Analysts upgraded Vistra's revenue forecasts by 24%, reflecting strong AI data center power demand growth expectations.

Price

$134.71 → $144.36

Mkt Cap

$48.7B

P/E

24.2x

▲ 1.2%

30D

▼ 9.5%

▼ 19.4%

INTCIntel Corporation▲ 7.0%

Intel rose 7.0% as chip stocks rallied ahead of Nvidia's earnings report, with positive sentiment from Samsung's worker strike boosting memory-chip sector outlook.

Price

$110.80 → $118.51

Mkt Cap

$595.6B

P/E

N/A

▼ 1.5%

30D

▲ 80.4%

▲ 237.5%

BLDRBuilders FirstSource, Inc.▲ 6.7%

BLDR likely rallied as a defensive play against rising bond yields, benefiting from construction sector rotation away from tech weakness.

Price

$66.39 → $70.83

Mkt Cap

$7.6B

P/E

27.1x

▼ 2.1%

30D

▼ 22.4%

▼ 26.0%

FSLRFirst Solar, Inc.▲ 6.7%

First Solar rallied 6.7% likely due to strong policy support and positive investor sentiment toward domestic solar manufacturing amid trade protectionism trends.

Price

$221.71 → $236.49

Mkt Cap

$25.4B

P/E

15.3x

▲ 0.8%

30D

▲ 22.9%

▼ 6.1%

LUVSouthwest Airlines Co.▲ 6.5%

Southwest Airlines rose 6.5% likely due to airlines' successful pushback against Trump's private security mandate for small airports, reducing operational costs.

Price

$37.35 → $39.76

Mkt Cap

$19.4B

P/E

26.5x

▲ 0.9%

30D

▼ 4.9%

▲ 24.6%

TERTeradyne, Inc.▲ 6.4%

Teradyne surged on strong AI chip-testing demand tailwinds, with its SemiTest segment generating over $1 billion in revenues amid hyperscale AI infrastructure buildout.

Price

$321.52 → $342.17

Mkt Cap

$53.6B

P/E

63.4x

▼ 5.8%

30D

▼ 8.8%

▲ 103.4%

ASMLASML Holding N.V.▲ 6.3%

ASML rose 6.3% as chipmakers rush to purchase semiconductor equipment amid strong AI chip demand and Samsung labor disruption concerns.

Price

$1459.44 → $1551.72

Mkt Cap

$597.9B

P/E

51.6x

▼ 1.9%

30D

▲ 5.1%

▲ 49.3%

LRCXLam Research Corporation▲ 6.2%

Bernstein upgraded LRCX price target and WFE forecasts on strong AI-driven memory chip demand and equipment spending outlook.

Price

$273.38 → $290.38

Mkt Cap

$363.1B

P/E

54.8x

▼ 1.7%

30D

▲ 10.3%

▲ 95.1%

MRNAModerna, Inc.▲ 6.1%

Moderna gained 6.1% following news of Roivant's $2.25 billion settlement, reducing Moderna's litigation risk and strengthening its financial position.

Price

$45.72 → $48.49

Mkt Cap

$19.2B

P/E

N/A

▼ 3.8%

30D

▼ 11.2%

▲ 100.5%

DXCMDexCom, Inc.▲ 6.0%

DexCom's 6% gain reflects investor optimism from its Investor Day announcements of 10%+ organic growth targets, $1B buyback, and international expansion including Germany CGM launch.

Price

$66.95 → $70.94

Mkt Cap

$27.4B

P/E

30.5x

▲ 21.1%

30D

▲ 9.8%

▲ 18.8%

TJXThe TJX Companies, Inc.▲ 5.9%

TJX beat Q1 earnings expectations with broad comparable sales gains, higher transactions, and improved margins.

Price

$150.68 → $159.62

Mkt Cap

$176.5B

P/E

32.8x

▲ 8.6%

30D

▼ 0.0%

▲ 9.5%

TGTTarget Corporation▼ 5.8%

Target's strong Q1 earnings with 6.7% sales growth couldn't offset broader market concerns about Fed rate hike signals released today.

Price

$127.24 → $119.84

Mkt Cap

$54.5B

P/E

14.8x

▼ 1.4%

30D

▼ 7.9%

▲ 39.2%

MRVLMarvell Technology, Inc.▲ 5.7%

Marvell rallied with the broader semiconductor sector ahead of Nvidia's earnings, benefiting from pre-earnings momentum in chip stocks.

Price

$176.27 → $186.35

Mkt Cap

$163.1B

P/E

60.7x

▲ 4.7%

30D

▲ 26.0%

▲ 129.2%

GSThe Goldman Sachs Group, Inc.▲ 5.4%

Goldman Sachs is rising on expected advisory fees from leading both the OpenAI and SpaceX IPOs, potentially worth billions in combined transaction value.

Price

$928.74 → $979.16

Mkt Cap

$288.9B

P/E

17.9x

▲ 2.5%

30D

▲ 4.0%

▲ 24.6%

SWKSSkyworks Solutions, Inc.▲ 5.4%

Trump's Beijing summit with tech CEOs raising hopes for easing U.S.-China chip export restrictions boosted semiconductor stocks including Skyworks.

Price

$70.35 → $74.16

Mkt Cap

$11.2B

P/E

30.9x

▲ 8.8%

30D

▲ 24.7%

▲ 18.5%

MPWRMonolithic Power Systems, Inc.▲ 5.3%

Institutional buying momentum and strong power-chip demand drove MPWR up 5.3% today, reversing earlier semiconductor sector weakness.

Price

$1468.11 → $1546.15

Mkt Cap

$76.0B

P/E

110.8x

▼ 6.3%

30D

▲ 3.7%

▲ 74.8%

NXPINXP Semiconductors N.V.▲ 5.2%

NXP gained 5.2% likely due to positive semiconductor sector momentum following Nvidia's strong earnings confirmation, boosting chip stock rally confidence.

Price

$294.28 → $309.50

Mkt Cap

$78.2B

P/E

29.6x

▲ 3.7%

30D

▲ 39.8%

▲ 62.8%

CHRWC.H. Robinson Worldwide, Inc.▲ 5.1%

CHRW gained 5.1% today as Wall Street analysts maintained optimistic outlooks on the logistics provider despite broader market decline on inflation concerns.

Price

$173.02 → $181.82

Mkt Cap

$21.4B

P/E

36.8x

▲ 11.4%

30D

▼ 1.2%

▲ 20.1%

CRWDCrowdStrike Holdings, Inc.▲ 5.0%

Multiple analysts raised price targets on CrowdStrike citing strong Falcon platform demand and positive customer feedback ahead of upcoming earnings.

Price

$616.88 → $647.91

Mkt Cap

$165.1B

P/E

N/A

▲ 15.2%

30D

▲ 49.6%

▲ 24.5%

All Reports

Updated 12:32 PM · May 20, 2026