Renaissance Ipo

Today’s Key News Recap

OpenAI

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TCTZF

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TCEHY

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NVDA

AVGO

VERA

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BILI

HTCD

0305 | Dolphin Research Focus: 🐬 Macro/Industry 1). On Mar 5, Premier Li Qiang delivered the Gov. Work Report at the 4th Session of the 14th NPC.He set a 2026 GDP growth target of 4.5%–5% and CPI around 2%, aiming to balance employment, livelihoods and industrial upgrading. The moderate inflation goal should help restore corporate earnings and anchor household expectations, supporting risk appetite in HK and A-share markets...

Destiny Tech100

TENCENT

Tencent Holdings Limited

TENCENT-R

Tencent

XIAOMI-W

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

NVIDIA

Broadcom

Vera Therapeutics

JD-SW

JD-SWR

JD HK SDR 10to1

JD.com

BILIBILI-W

Bilibili

Tencent HK SDR 10to1

NVDA to reallocate H200 capacity; OpenAI races toward IPO | Daily News Recap

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HESAI

Conference Minutes

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TSLA

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HSAI

PONY

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The collaboration with BYD currently covers more than ten models, and more new models will gradually achieve mass production from 2025 to 2026.

Bloomage Biotech

Tesla

Hello

Hesai

Pony AI

PONY-W

HKEX

JD LOGISTICS

HESAI-W

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

Hesai (3Q25 Minutes): Lidar shipments are expected to reach at least 2 million to 3 million units by 2026

Reddit COO Jennifer Wong Sells 39,167 Class A Shares for $6.07 Million

Astera Labs CEO Jitendra Mohan Sells $27.85M Worth of Stock

Medline Launches Custom Spay/Neuter Packs to Optimize Animal Care Procedures

CoreWeave Expands into Financial Services, Stock Surges 37% in 2026

Medline Launches Secondary Offering of 60 Million Class A Shares Sold by Blackstone and Other Shareholders

Circle Adds 250 Million USDC Mint on Solana on May 20

ARM Holdings Chief Business Officer William Abbey Sells Shares

Reddit CEO Steve Huffman Sells 17,300 Shares and Exercises Options

The U.S. SEC proposes major rule changes to make it easier for newly public companies to raise capital

Aletheia Capital Reiterates 'Buy' Rating on Circle Citing Regulatory Edge

Circle Internet Group Stock Target Price Hiked to $147.26, Analysts Bullish

Duan Yongping's H&H Invests $19.08M to Buy 200k Shares of Circle

Analysts raise Circle's 12-month average stock price target to $147.26

Bernstein rates Circle "Outperform" with a $190 price target, noting that the stablecoin supply has reached a new all-time high.

Morgan Stanley raises Circle's price target to $106 from $80

FactSet Survey Shows Analysts Lower Circle Internet Group's 2026 EPS Expectations

FactSet Survey Shows 18 Analysts Raise Viking Holdings Target Price to $100

FactSet Survey Shows Circle Target Price Median Raised to $144

Rubrik Partners with MEDITECH to Enhance Network Resilience for Expanse Customers

Google and Blackstone venture poses potential competitive threat to CoreWeave, stock falls in pre-market

OPTIMI HEALTH CORP

HCW Biologics

Silexion Therapeutics

Vida Global

GCL Global

BiomX

MetaVia

Micware

MicroAlgo

ALAB

Astera Labs CEO Jitendra Mohan sold 138,150 common shares on May 18-19 for a total of USD 27.85 million, with prices ranging from $210.67 to $250 per share. Following the sale, his holdings in a living trust decreased to 3,789,232 shares.

PUBT

Astera Labs

Astera Labs CEO Jitendra Mohan disposes of USD 27.85 million common shares

ARMW

SOXL

ARMU

ARMG

SOXX

Bernstein analyst David Dai initiated coverage on Arm Holdings (ARM) with an 'outperform' rating and a $300 price target, suggesting an 18% upside. Dai's bullish view is based on the demand for Arm's advanced AI CPUs, with a $2 billion backlog for next-gen silicon. Despite concerns over Arm's high P/E ratio, Bernstein believes the company's shift to data center markets will enhance profitability. The firm argues that evaluating Arm solely on P/E metrics overlooks its long-term growth potential in AI and custom silicon.

- Bernstein initiated coverage on Arm Holdings with an "outperform" rating and a $300 price target, indicating an 18% upside potential.  
- The analysis highlights a significant demand for Arm's advanced CPUs, predicting a $2 billion backlog due to the shift towards artificial general intelligence, suggesting sustainable revenue growth.  
- Despite criticism over Arm’s high valuation, Bernstein argues that the company's expanding role in custom silicon for data centers justifies the current market price, indicating a strong long-term growth trajectory.

Invezz

Roundhill ARM WeeklyPay ETF

Direxion Semicon Bull 3X

T-Rex 2X Long ARM Daily Target ETF

VanEck Semiconductor ETF

SPDR S&P Semicon

Leverage Shares 2X Long ARM Daily ETF

iShares Semiconductor ETF

Invesco Semiconductors ETF

AllianceBernstein

Jefferies Financial

Bernstein explains why it isn't too late to invest in Arm stock

Arm Holdings (NASDAQ:ARM) is currently trading at $223.15, having surged 104% year-to-date. Analysts suggest a buy zone between $210 and $215 on pullbacks. The company reported Q4 FY2026 revenue of $1.49B, exceeding estimates, and has shifted focus to AI infrastructure with its new AGI CPU. Despite a high P/E ratio and some risks, the bullish sentiment remains strong with a consensus target of $230.92.

- Arm Holdings (ARM) is currently trading at $223.15 after reporting Q4 FY2026 revenue of $1.49 billion, exceeding estimates.  
- The non-GAAP EPS of $0.60 also surpassed consensus expectations, and data center royalties have more than doubled year over year.  
- Customer commitments for the AGI CPU increased dramatically from $1 billion to over $2 billion within six weeks.

Arm Holdings is up 104% and smart money is waiting for one specific level to buy more

SiPearl and Semidynamics have announced a partnership to develop a European sovereign AI platform, utilizing SiPearl's Arm Neoverse V2-based Rhea2 processors and Semidynamics' RISC-V-based AI inference accelerators. This multi-year project aims to create a competitive rack-scale AI platform, addressing Europe's need for a homegrown AI hardware stack. The first generation will focus on CPU-accelerator memory coherence, with future iterations expected to enhance chiplet-level integration.

- SiPearl and Semidynamics are collaborating to develop a European sovereign AI platform aimed at reducing reliance on foreign suppliers.  
- The platform will utilize SiPearl’s Rhea2 processors and Semidynamics’ RISC-V-based AI accelerators for efficient AI inference, with future generations planned for tighter chiplet integration.  
- While advanced manufacturing remains reliant on Asia, the initiative aims to provide a credible European alternative for large-scale AI data center deployments, although no firm launch timeline has been set.

EE Times

NVIDIA Corporation

When Arm Meets RISC-V: SiPearl, Semidynamics to Co-Develop Sovereign AI Platform

CBRS

INTC

FTXL

NVIDIA (NVDA.US) will announce its earnings tonight after the market closes, and chip stocks are positioning themselves in advance. ARM (ARM.US) rose over 10%, Marvell (MRVL.US) rose over 7%, and Intel (INTC.US) rose over 5%. The Cerebras 2X leveraged ETF (CBRG.US) surged over 18% on its first day, reaching a new high

- On May 20, U.S. stocks related to GPUs and CPUs surged as investors anticipated Nvidia's upcoming earnings report.  
- ARM Holdings led the gains with a 10.02% increase, followed by Marvell Technology rising 7.42%, while Intel and AMD also saw notable gains.  
- Market analysts expect strong performance driven by AI demand, with Nvidia's report expected to reflect this trend, lifting investor confidence across the sector.

Movers Alert

Cerebras

Intel

Marvell Tech

Direxion Daily NVDA Bull 2X Shares

GraniteShares 2x Long INTC Daily ETF

First Trust Nasdaq Food & Semicon

Spdr Select Tech

T-Rex 2X Long NVIDIA Daily Target ETF

GraniteShares 2x Long NVDA Daily ETF

Leverage Shares 2X Long CBRS Daily ETF

Invesco PHLX Semiconductor ETF

GraniteShares 2x Long MRVL Daily ETF

GPU/CPU concept stocks collectively strengthened, ARM (ARM.US) rose over 11% during the day, Intel (INTC.US) rose over 5%

Astera Labs' stock surged 13% following positive commentary at J.P. Morgan's conference, highlighting a firm timeline for its Scorpio X fabric switches and revenue potential in optical networking. Analysts noted strong investor interest in the company's future opportunities, with expectations for revenue from optical solutions by 2027. The stock has risen 36% this year, reflecting strong demand for its products and a positive outlook from management.

Dow Jones

JPMorgan Chase

Stifel Financial

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

STIFEL FINANCIAL CORP 6.125% DEP SHS REP 1/1000 NON CU PF SR C

Stifel Financial Pref Share SFB 5.2 10/15/47

STIFEL FINANCIAL CORP 6.25%NON CUM DEP SHS REP 1/1000TH SER B

STIFEL FINANCIAL CORP 4.50% DEP SHS REP 1/1000TH PREF SHS SR D

Here's why Astera Labs' stock just staged a big gain

RDDT

Reddit COO Jennifer Wong sold 39,167 Class A shares for $6.07 million after exercising stock options at $5.35 per share. The shares were sold at weighted average prices between $154.6 and $160.47. Following the sale, her directly held Class A shares decreased to 1,088,451, with 154,786 stock options remaining exercisable until June 12, 2028.

Reddit

Comm Servcies Select Sector SPDR

Reddit COO Jennifer Wong sells 39,167 shares for $6.07 million

LABX

Astera Labs (NASDAQ:ALAB) stock surged 13.30% to $244.26 after insider sale filings revealed proposed sales worth over $60 million. The filings included a sale of 200,000 shares valued at approximately $43.1 million. The company, which specializes in AI infrastructure connectivity solutions, has a market cap of about $41.87 billion and is nearing its 52-week high of $262.90.

benzinga_article

Tradr 2X Long ALAB Daily ETF

Meiwu Tech

Cava

Chewy

Keysight Tech

Shutterstock

Why Is Astera Labs (ALAB) Stock Trending Overnight?

GOOG

GOOGL

IREN

Google partners with Blackstone to establish a $5 billion AI cloud, causing a backlash as new AI computing forces decline for two consecutive days. CoreWeave (CRWV.US) fell over 5%, Nebius, IREN, and Hut 8 dropped 5%-6%, while the NBIS leveraged ETF (NEBX.US) declined nearly 10%. Oracle remained stable against the trend

- On May 19, 2026, AI compute service stocks declined, with CoreWeave dropping 5.43% and Nebius Group falling 4.73%.  
- A report indicated that Google and Blackstone plan to form an AI cloud service company, raising concerns about profitability for newer entrants like CoreWeave.  
- Oracle’s stock rose slightly, reflecting investor preference for established cloud computing firms amidst increasing risks for AI-driven companies.

Alphabet - C

Alphabet

Hut 8 Mining

Nebius

Coreweave

Tradr 2X Long NBIS Daily ETF

Direxion Daily GOOGL Bull 2X Shares

Google partners with Blackstone to form a $5 billion AI cloud. CoreWeave (CRWV.US) drops over 5%, Nebius (NBIS.US) falls nearly 5%

Renaissance Ipo(IPO.US)