Presented by

NEWS
Earnings Say AI and Consumers Are Doing Fine

Source: tenor

The market climbed on Wednesday, but not as high as it wanted to. The S&P 500 started the morning up nearly 4% after the White House made up with Powell, and said that Chinese tariffs might get halved. Then, Treasury Secretary Bessent walked back tariff talk, said China negotiations might take two to three years, and generally did his best to be a wet blanket. ⛈️ 

Still, earnings results came in mixed, as usual, and consumer and tech firms climbed. Boeing climbed on a narrowed loss, Texas Instruments gained on their outlook, Tesla climbed after Musk said FUTURE, and the Mag 7 went with it.

The Fed published its boring Beige Book that summarizes the word on the street- economic activity from across the U.S. in April. Most was the same, but prices were rising, consumers were buying goods before tariffs kicked in, and the outlook for the future fell dramatically. 👀 

Today’s issue covers AI making earnings waves, Boeing’s earnings (loss) beat, and more. 📰 

Here’s the S&P 500 heatmap. 9 of 11 sectors closed green, with technology (+5.56%) leading and consumer staples (-0.44%) lagging.

Source: finviz

And here are the closing prices: 

EARNINGS
Is AI Back? TI, LAM, Show The Time Is Still NOW📦️ 

Wednesday, the market looked immensely normal, led higher by technology and AI semiconductor companies. Deja vu?

Tech and semi’s were following Tesla’s lead, following news that Chief Musk was returning, fresh from a quick stint as a government auditor. After the close, the three largest climbers were AI/semiconductor-related firms, Texas Instruments, Lam Research, and ServiceNow. Let’s track what they said about AI demand in the year of our lord 2025:

$NOW: ServiceNow beat estimates and climbed 9%, the biggest gainer in large and mid-cap firms. The software as a service firm raised an adjusted $4.04/share on revenue of $3.09 billion, both beating estimates. Subscription revenue climbed 19% YoY.

The full year looks pretty good too, with obligations, or scheduled contracts to use its AI products, totaling $10.3B, up 22% YoY. Right NOW everything is looking fine. 

$TXN: Texas Instruments climbed 5% after reporting earnings that beat for Q1, and about $160M more in revenue than FactSet expected. Everyone knows the Firm for its calculators, but it also expects to rake in up to $4.5B selling semiconductors and designs in Q2.

Management gave lip service during its earnings call that the market was unpredictable right now, but gave pushback: When asked if demand rose because of a fear that tariffs were coming, management said customers didn’t tell them why they were ordering more. As the first major chip maker to post earnings, we’ll have to watch this one overnight.

$LRCX: Lam Research was up nearly 5% after hours, as the semiconductor and circuit equipment maker beat estimates for its third quarter and expects its final quarter of its wonky fiscal year (the current quarter) to see revenue of $5B.

Not all AI companies were happy today- $IBM fell more than 5% after hours at the time of writing, after the firm reported an earnings decline for the quarter, despite a 1% climb in revenue to $14.54B.

Source: Stocktwits

SPONSORED
RIDE WITH INVESTOPEDIA’S “BEST BROKER FOR OPTIONS TRADING 2025”

Source: tastytrade

Buck the market with tastytrade. We’ve got pre-set watchlists, curve analysis, and more tools to help you ride out tough markets.    

Plus, pricing that fits the way you trade.   

Find Stocks. Options. Futures. Crypto and more. All in one place.    

Get serious about trading with order chains, backtesting, visualized analysis, and courses.  

Discover how we’re blazing new trails in the world of finance. 

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. tastytrade, Inc., and Stocktwits are separate and unaffiliated companies that are not responsible for each other’s services, products, and policies.

STOCKS
Boeing Bounces Despite Losing Millions 🫰 

After falling from the sky the past two years, Boeing $BA shares climbed 5% Wednesday despite posting a loss for the quarter, and disruptions to its deliveries in China due to tariffs. The firm’s revenue rose 18% YoY, which sounds great until you read it lost $31M in net this quarter.

Still, it was a narrowed loss from -$355M in Q1 2024, and CEO Kelly Ortberg said the firm is moving in the right direction. The firm delivered 130 planes in the quarter, up 57%, and announced the sale of its navigation business for $10.6B on Tuesday to software investment firm Thoma Bravo.

Boeing even reported seeking to raise the production limit of its 737 Max jet set by the FAA. The 38-plane-a-month production limit was set after the side of a plane fell off last year (they’re not supposed to do that.) 🧯 

Ortberg also had a gung-ho attitude toward China tariffs- he said if Chinese buyers were going to refuse deliveries of Boeing planes, Boeing was going to find other customers to sell the planes too.

“We’re not going to continue to build aircraft for customers who will not take them,” Ortberg said on the firm’s call.

In an ever-changing economic policy echochamber, it may take sass to get noticed and receive special treatment from the White House, especially when regulation stands. Despite the news, Stocktwits users are still bearish on the stock. 🤷 

Source: Stocktwits

STOCKS
The Stocktwits News’ Team’s Top Hits 📰 

Gold Prices ($GLD -3%): Fell 3% on Wednesday as President Trump softened his stance on Federal Reserve Chair Jerome Powell, finally pulling back from an 18% bull run that saw it hit $3,500 in a twelve-day climb.

Oil Prices (-2%): WTI futures fell on reports that OPEC+ members plan to continue output increases in June. Kazakhstan’s new oil minister stated the country will prioritize national interests over OPEC obligations, with multiple members expected to push for further production hikes. Trump’s tariffs and recession risks also weighed on prices.

Boston Scientific ($BSX +4%): The medical devices company’s adjusted earnings and revenue topped estimates, with full-year guidance also coming in positive.

Novavax ($NVAX +20%): Expressed optimism about receiving U.S. Food & Drug Administration (FDA) traditional approval for its COVID-19 vaccine despite delays.

Eli Lilly ($LLY -0.3%): Suing four telehealth companies—Mochi Health, Fella Health, Willow Health, and Henry Med—for allegedly deceiving consumers by selling compounded versions of its weight loss drug Zepbound and diabetes treatment Mounjaro. Lilly claims the companies are marketing untested, unapproved drugs.

Philip Morris International ($PM +2%): Reported strong Q1 earnings and raised its 2025 EPS guidance. Revenue rose 5.8% YoY to $9.3 billion, beating the $9.14 billion estimate, while EPS came in at $1.69, surpassing the forecast of $1.6.

General Dynamics ($GD -3%): The industrial giant topped estimates on the back of its Aerospace division, where it experienced significant margin expansion.

GE Vernova ($GEV +4%): The energy giant reported a first-quarter profit and said tariffs announced by President Donald Trump are not expected to have a material impact on its financial outlook for the second quarter or the full fiscal year.

Oklo ($OKLO +9%): Initially sank after it announced that co-founder Sam Altman would step down as chairman. However, Citi analysts suggest that it may pave the way for a key energy deal with OpenAI by resolving previous conflicts of interest.

Vertiv Holdings ($VRT +9%): The AI infrastructure firm raised full-year guidance and signaled confidence in managing new tariffs under President Trump’s trade policy.

Pony AI Inc. ($PONY +32%): Unveiled its seventh-generation autonomous driving system at the Shanghai International Automobile Industry Exhibition as it gears up to start mass production of robotaxis this year.

AT&T ($T +1%): CEO John Stankey said that President Trump’s new tariff policy has not yet affected its financial outlook. However, he warned that the tariffs could lead to higher smartphone prices for consumers in the coming months. Lackluster smartphone upgrade cycles have been a headwind for the telecom giants.

PRESENTED BY STOCKTWITS
Trends With Friends: The U.S. Confidence Crisis 😬 

Howard, Michael, Phil, and Tom are joined by special guest Jeff Richards, GP at Notable Capital (a VC with $10B AUM), to break down the chaos of today’s markets and the long-term promise of AI and American innovation. They cover:

• Why VCs are long on AI infrastructure and private innovation

• The real risk behind rising tariffs and policy chaos

• What Warren Buffett’s $300 billion war chest signals

• The degenerate economy and betting on the next Pope

P.S. We’re just one week away from the Stocktwits Cashtag Awards. We’ve reserved a few more tickets for newsletter subscribers in the New York area. If you’d like to attend, reply directly to this email with the word “Ticket,” and we’ll send you one. 🎫 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Durable Goods Orders (8:30 am), Chicago Fed National Activity (8:30 am), Initial Jobless Claims (8:30 am), Existing Home Sales (10 am), Kansas Fed Composite (11 am), Fed Kashkari Speech (5 pm). 📊

Pre-Market Earnings: American Airlines ($AAL), Southwest Airlines ($LUV), Merck & Co. ($MRK), Procter & Gamble ($PG), PepsiCo ($PEP), Bristol-Myers ($BMY), Comcast ($CMCSA), Mobileye Global ($MBLY), Tractor Supply ($TSCO), Keurig Dr Pepper ($KDP). 🛏️

After-Hour Earnings: Alphabet ($GOOGL), Intel ($INTC), Gilead Sciences ($GILD), T-Mobile US ($TMUS), Skechers USA ($SKX), Boston Beer ($SAM), Boyd Gaming ($BYD), Weyerheauser ($WY). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

🌚 The best time of day to own stocks is actually at night

😠 Zuckerberg stifled Instagram because he loves Facebook, Instagram founder says

🪙 Cantor Fitzgerald plans $3 billion Bitcoin venture with SoftBank, Tether, and Bitfinex

🤯 The world’s biggest companies have caused $28 trillion in climate damage, a new study estimates

⛔️ RFK Jr. announces ban on all petroleum-based synthetic food dyes, including red dye No. 40. Here’s what health experts have said about them.

📱 Meta opens up advertising on Threads to all eligible partners globally

Get In Touch 📬

Follow our social channels for great, real-time content on Stocktwits and Twitter. And check out our YouTube channel for in-depth video content! 📲

Help us deliver the best content possible by completing this brief survey. 📝

Email me (Tom Bruni) your feedback; I’d love to hear from you. 📧

Want to sponsor this newsletter and reach hundreds of thousands of passionate investors and traders? Reach us here. 

Terms & Conditions 📝

Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍

Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋