<div id="readability-page-1">Record-breaking rally: Dow, S&amp;P 500, and Nasdaq hit all-time highs in May, driven by strong earnings, AI trade, and easing geopolitical risks. Analyst shifts: Upgrades for AMD and Apple highlight AI potential, while Marvell and American Eagle face downgrades amid valuation and performance concerns. Fed’s tightrope: Fed Chair Kevin Warsh faces a 2001-like rate environment, with tech-heavy valuations amplifying market sensitivity to policy changes.</div>

MRVL

<p>US markets hit record highs in May, driven by strong earnings, AI enthusiasm, and easing geopolitical risks. Analysts upgraded AMD and Apple for AI potential but downgraded Marvell and American Eagle due to valuation concerns. Meanwhile, Fed Chair Kevin Warsh navigates a rate environment reminiscent of 2001, with tech-heavy valuations increasing market sensitivity to policy shifts.</p>

- In May, the Dow, S&P 500, and Nasdaq reached all-time highs due to strong earnings, AI trades, and reduced geopolitical risks.  
- Analysts upgraded AMD and Apple based on AI potential, while downgrades for Marvell and American Eagle stem from valuation and performance worries.  
- Fed Chair Kevin Warsh navigates a challenging rate environment reminiscent of 2001, with tech-heavy valuations heightening market sensitivity to policy shifts.

Marvell Tech

American Eagle Outfitters

T-Rex 2X Long Apple Daily Target ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AMD Bear 1X Shares

Direxion Daily AAPL Bull 2X Shares

GraniteShares 2x Long AAPL Daily ETF

GraniteShares 2x Long AMD Daily ETF

Direxion Daily AMD Bull 2X Shares

GraniteShares 2x Long MRVL Daily ETF

Dow Jones Industrial Average

S&P 500

NASDAQ Composite Index

Apple

Analyst upgrades and Fed policy shape record-high markets