05/29/2026
It was a week defined by blowout AI earnings on one side and guidance cuts on the other, with energy stocks caught in the crossfire as oil prices fell sharply on Iran deal speculation.
On the winners side, Dell Technologies led the pack at +43% after reporting Q1 FY2027 results with 88% revenue growth to $43.84B, 214% EPS growth to $4.86, $24.4B in new AI server orders, and a $51.3B backlog, prompting management to raise full-year guidance to $165-169B. Super Micro Computer followed at +30% on halo from Dell's results and its own announcement of a new Taiwan government partnership to combat illegal diversion of its AI server hardware. Micron added +29% after UBS raised its price target to $1,625, citing a structural shift in high-bandwidth memory demand and validating the company's sold-out HBM supply through 2026. Robinhood gained +28% on growing investor excitement ahead of the SpaceX IPO scheduled for June 12, with Robinhood selected as a primary retail distribution platform offering access to users with no minimum balance requirement. AppLovin rounded out the top five at +27% after an Edgewater analyst note removed competitive overhang ahead of the AXON AI advertising platform launch, with the move extended by macro tailwinds from falling oil prices.
On the losing side, Boston Scientific led decliners at -16% after management cut full-year organic growth guidance to 6.5%-8% at a Bernstein conference on May 27, triggering an 11.7% single-day drop and a wave of analyst downgrades and price target cuts from Wells Fargo, Wolfe Research, and Citigroup. AutoZone dropped -14% after reporting fiscal Q3 results that missed revenue expectations at $4.84B versus the ~$4.88B estimate, with domestic same-store sales of 4.1% against the 4.7% consensus, prompting multiple analysts to slash price targets. Rollins fell -11% after announcing CFO Kenneth Krause's resignation on May 27, followed by a Bernstein downgrade from Outperform to Market Perform with a price target cut from $70 to $52. ONEOK dropped -11% alongside the broader energy sector as oil prices fell on Iran nuclear deal optimism and OPEC production increase speculation, compressing midstream multiples across the board. Lumentum rounded out the losers at -10%, pulling back on profit-taking after surging 169% year-to-date through mid-May, with no specific catalyst as investors rotated out of high-multiple AI-infrastructure names.
Music: Sydney's Skyline by ALBIS (CC BY)