Tonight is the most concentrated earnings session of the month. CRM, MRVL, SNPS, and HPQ all report after the close. Salesforce leads the attention. Investors want evidence that AI is driving real revenue growth. Marvell is the pure AI chip play of the four. A strong beat from either name could lift the broader tech complex overnight.
Barclays delivered two headline-grabbing target raises this week. The bank lifted its target on MU by 74% to $1,175. It also pushed STX to $1,000, up 33%. A fresh memory ETF — the Roundhill DRAM fund — has already surged 87% since its April launch, reflecting the same AI storage thesis. got a separate boost from Tigress Financial, which raised its target to $425.
APP surged Wednesday afternoon. The ad-tech platform has been one of 2026's strongest performers. Meanwhile, HOOD saw a sharp pickup in near-term call activity after launching AI-powered trading features. Options traders are focused on May 29 and June 5 expiries — short-dated bets on an immediate catalyst move.
Wolfspeed short interest hit 118.8% of free float this week. That is up 5.4 points in seven days. Separately, RUM borrow availability collapsed to just 1.4% — the tightest since April — as utilization hit 100%. The stock is up 37% over the past month.
In Europe, AkzoNobel shares jumped 20% after a rival launched a takeover bid. The paint group is one of the biggest movers on European markets today.
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