Ferrari's First EV | Micron Sells Out | BP Spirals Again | Fed Steps Back

Stocks pushed higher as chip and memory names led the market again. The Nasdaq outperformed while the S&P 500 extended gains after the holiday break. 

Micron (MU) surged more than 15% and briefly crossed a $1 trillion valuation for the first time.

Oil prices rebounded after fresh U.S. strikes in Iran, but investors still expect negotiations to continue. Treasury yields eased again, helping growth stocks maintain momentum despite rising geopolitical tension.

Technology leadership remains extremely strong. Markets continue rewarding AI and semiconductor exposure even as oil volatility and rate uncertainty persist.

When it was put inside U.S. tanks, they moved almost silently and produced no smoke. Now, Elon Musk is using this strange technology to jump ahead in the AI race - and possibly change the course of history. Click here to see how this could ignite a $10 trillion boom for the stocks involved.

Micron (MU) crossed $1 trillion in market cap and surged 18 percent in a single session. UBS set a price target of $1,625, the highest among 46 analysts covering the stock. The reason is not complicated once you see the numbers.

All of Micron's 2026 high-bandwidth memory supply is already sold out. Not mostly, all of it. Next-generation HBM4 chips are entering production before current inventory has fully shipped. Hyperscalers are signing multi-year supply agreements rather than waiting for spot availability.

That is the part the old Micron narrative missed. This is not a boom-bust commodity play anymore. AI model training requires more memory at every generation jump, and there is no U.S.-produced alternative.

What's Different

At 8.4 times forward earnings, the market has not fully caught up to what a sold-out memory cycle means over multiple years. ON Semiconductor (ON), Sandisk (SNDK), and Western Digital (WDC) all followed Micron higher on the same logic.

The Ceiling

Micron is not selling more chips. It is selling the same chips at permanently higher prices to customers with nowhere else to go. Pricing power, not cyclicality. Those are two very different businesses.

Two Starlink stories landed and they point in opposite directions. 

American Airlines (AAL) announced Starlink installation on more than 500 narrow-body jets starting next year. United, Southwest, Alaska, and now American, all choosing Starlink over Amazon's (AMZN) competing service by a wide margin.

The Pentagon story is less cheerful. Reuters reported SpaceX told Defense officials they had been underpaying for Starlink connections on kamikaze drones. The price per connection rose from roughly $5,000 to $25,000. The Pentagon pushed back. Then paid it anyway.

SpaceX then proposed charging $500 million upfront plus $100 million per month to provide Starlink service to Iranian civilians bypassing government blackouts. SpaceX controls more than 60 percent of all satellites in orbit. No competitive alternative exists at scale.

Commercial carriers sign enthusiastically because Starlink is genuinely better. The Pentagon pays whatever SpaceX asks because it has no other option. The IPO roadshow opens in June with both customer bases already locked in.

The Leverage

A senior national security researcher said the U.S. government is "over a barrel." That leverage only grows after a public listing gives SpaceX permanent capital access. The Pentagon is actively searching for alternatives that do not exist yet.

Billions of dollars are quietly flowing into a small group of stocks ahead of the next rate-cut rally.

Our analysts tracked the institutional money and uncovered 10 companies positioned to surge when the Fed pivots.

Some are AI leaders.
Others are dividend powerhouses built for income and upside.

Miss them now and you may be chasing the rally later.

See the Top 10 Stocks to Own in the Second Half of 2026 — free today.

BP (BP) removed chairman Albert Manifold after less than eight months in the role. The stated reasons were verbal abuse, bullying, and mishandling company information. He departed immediately, and the stock dropped 4 percent.

This is BP's third CEO or chairman departure since 2023. The previous CEO left over undisclosed personal relationships with colleagues. Both were discovered after the fact. Both ended in immediate exits.

Barclays analysts wrote "here we go again" and raised the more pointed question: what does this say about the board itself? The same board that vetted and appointed Manifold also appointed Looney. Two selections, two failures, three years.

BP is generating cash at near-peak levels and cannot deploy it credibly without stable leadership. A governance implosion at peak profitability is a specific kind of value destruction. The cash is real. The board is not functioning.

The Placeholder

A new CEO two months in and an interim chairman with no mandate is not a leadership structure. It is a holding pattern at the exact moment the company needs direction.

The Federal Reserve has been pulling back its bank supervision tools all year. The formal mechanism examiners use to force banks to fix risk problems is now being reserved for serious issues only. Minor violations get flagged informally through nonbinding observations instead.

Banks are not just welcoming the change. They are lobbying to lock it in before any future administration can reverse it. The strategy is to get the Fed to publish formal supervisory principles, creating a paper trail that makes rollback politically expensive.

The Fed's argument is that overuse of formal tools was distracting. Silicon Valley Bank had 19 open violations when it collapsed and most were unrelated to what actually brought it down. That is the justification being used to reduce the tool entirely.

The Fed is also cutting supervision headcount by roughly 30 percent. Experienced examiners are leaving and their institutional knowledge goes with them. The changes being made now will shape how the next crisis gets caught or missed.

The Lock-In

Publishing supervisory principles does not legally bind the Fed. But it forces any future leadership to justify reversing them publicly. That is exactly what Wall Street is asking for.

Warren Buffett famously said, “If you don't find a way to make money while you sleep, you will work until you die.”

What if your phone could do it for you? 📲

That’s exactly what Mode Mobile has created — technology that turns idle phone time into passive income. With 490M+ users in their ecosystem and $1B in earnings and savings, their EarnPhone is being called the Uber of smartphones.

With 32,481% revenue growth and a newly secured Nasdaq ticker $MODE, investors can access their pre-IPO offering at $0.50/share. 

⏰ Secure your shares at $0.50/share before price changes on 05/29!

Disclaimer:  Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering. Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.

Ferrari (RACE) unveiled its first electric vehicle in Rome. It is called the Luce, Italian for light. Former Apple design chief Jony Ive helped create it. The price starts at $640,000. The stock fell 4.4 percent.

Social media compared it to a Nissan Leaf, which sells for $30,000. The performance is not the issue. The Luce hits 60 mph in 2.5 seconds and produces over 1,000 horsepower. The design is.

Ferrari even built in a system that fakes engine roar sounds because the electric motor is silent. That detail captures the tension between what Ferrari is and what EVs require.

What the Numbers Say

Ferrari's core business is fine. Pricing rose 8 percent last year on flat volume. The existing lineup generates the profits and the mystique. The Luce is a bet that enthusiasts eventually want an EV option.

The market is not convinced yet. The design reaction did not help the opening argument.

The Test

First test drive reviews are the only thing that moves this story. Performance numbers look strong. Whether it feels like a Ferrari is a different question entirely.

Tuesday ran two stories. Investors only priced one.

Micron hit $1 trillion. Starlink locked in every major U.S. airline. The AI build is real and accelerating. Meanwhile BP lost its third leader in three years, the Fed quietly reduced bank oversight, and the Pentagon is paying five times more per drone with no alternative in sight.

The first story is compounding. The second is accumulating.