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May 12, 2026, Tuesday: Polymarket traders turn bearish on the S&P 500 ahead of key inflation data and renewed uncertainty surrounding U.S.-Iran negotiations.
Ross Gerber argued that strong AI-driven earnings growth could push Micron shares significantly higher, outlining a bullish valuation case based on projected EPS expansion through 2027.
Reuters reports Elon Musk and Tim Cook will join Trump on his China trip, while Nvidia's Jensen Huang was not invited.
SanDisk-linked ETFs are soaring amid the AI storage boom, with leveraged fund SNXX up more than 640% since launch.
Semi Mania
Small caps lead a mixed Wall Street session as Trump rejects Iran's peace response, sending crude back above $97, copper to a record and silver up 7%.
Wall Street has rarely been louder with bubble warnings on the AI trade after the parabolic moves we’ve recently seen in semiconductors like Micron Technologies Inc. (NASDAQ:MU