CLOSING BELL

The market turned and fell slightly Wednesday, and oil fell back, but software and chip giant earnings after the session sent stocks flying. The Dow hit an all-time high.

Chips overall slowed their roll Wednesday during the session, even as Micron replaced Walmart in the trillions club, maintaining a little of its Tuesday moon shot. Then the after-hours circus showed up: Snowflake ripped, Marvell raised its AI outlook, Salesforce beat but guided light, and HP tried to sell investors on the AI PC rebound.

Stocktwits was locked on the same split: AI infrastructure still gets paid, mature software still has to explain itself, and every beaten-down “agentic AI” or short-squeeze candidate now wants a seat at the table.

Today’s Briefing:

• After the Bell: Snowflake, Marvell, Salesforce, and HP turned earnings night into an AI software and hardware stress test

• Stocks: Robinhood handed trading accounts to AI agents, Digital Turbine squeezed higher, and Zscaler got crushed despite a beat

• Pops and Drops & More

  

AFTER THE BELL
Marvell’s AI Bar Gets Higher 🧠

Marvell, the chipmaker tied to custom silicon, networking, and optical connectivity for AI data centers, entered earnings with the Stocktwits room already pricing in a victory lap.

The RIP: $MRVL reported record fiscal Q1 revenue of $2.418B, above guidance midpoint. Management said AI-related bookings drove a major increase to fiscal 2027 and 2028 revenue outlooks. Stream was 61% bullish.

This was a good AI infrastructure print, but expectations were already stretched after the stock’s huge run. That makes the setup tricky: bulls got the custom AI silicon story they wanted, but the market may still ask whether Marvell can outrun the valuation it just earned. 🧠

⚡️ @Azir83: “$MRVL you never know this might pull a MU type run too.” Post

Show $MRVL receipts: AI runway or priced-in →

Snowflake Found the AI Bid ❄️

Snowflake, the cloud data platform that helps companies store, share, and analyze enterprise data, absolutely ripped after the bell after earnings finally gave software bulls a clean AI re-rating story. The firm also announced a $6B commitment to AWS, to use Amazon chips.

The RIP: $SNOW ( ▲ 36.88% ) jumped about 35% after reporting adjusted EPS of $0.39 vs. $0.32 expected and revenue of $1.39B vs. $1.32B expected. Product revenue rose 34%, and management lifted fiscal 2027 product revenue guidance to $5.84B. The $SNOW stream was 54% bullish.

⚡️ @howardlindzon: “$SNOW whoa” Post

Make your $SNOW case: reset or squeeze →

Salesforce Still Has to Sell it ☁️

Salesforce, the enterprise software giant behind CRM, Slack, and AI agent tools, beat Q1 estimates but slipped after hours because the next-quarter revenue guide did not exactly scream “AI land grab.”

The RIP: $CRM fell about 3% after reporting adjusted EPS of $3.88 on revenue of $11.13B. Q2 revenue guidance came in at $11.27B-$11.35B, just below expectations around $11.36B. The $CRM stream was basically split, 51% bullish and 49% bearish.

The problem is not that Salesforce had a bad quarter. It is that the market is rewarding AI infrastructure with both hands while making mature SaaS prove every dollar of growth. ☁️

Tell $CRM: agent story or SaaS drag →

HP Prints an AI PC Rebound 💻

HP, the PC and printer maker trying to turn AI PCs, workstations, and connected devices into its next growth leg, rose Wednesday after earnings showed the old hardware business still has some swing left.

The RIP: $HPQ climbed +4% after Q2 revenue rose 9% to $14.4B. GAAP EPS increased 17% to $0.49, non-GAAP EPS rose 21% to $0.86, free cash flow was $800M, and Personal Systems revenue climbed 13% to $10.2B.

The good news is that commercial PCs did the heavy lifting, with Commercial Personal Systems revenue up 14% as the company leaned into AI PCs, Z workstations, and edge AI. The less cute part is printing was flat, total hardware units fell 7%, inventory rose, and GAAP operating margin slipped to 4.2% from 4.9%, so this is still a margin story wearing an AI badge. 💻

Show $HPQ receipts: AI cycle or value trap →

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STOCKS
Robinhood Hands the Keys to Agents 🤖

Robinhood, the retail brokerage, launched Agentic Trading Wednesday. They are going full AI, letting customers connect third-party AI agents to dedicated accounts that can trade stocks or make card purchases on their behalf.

The RIP: $HOOD climbed +3% to $76.23 on 25.3M shares. Agentic Trading launches in beta with equities first, while options, crypto, event contracts, and futures are planned later. The $HOOD stream was just 33% bullish.

This is either the next logical step in retail finance or the opening scene of a compliance department’s stress dream. Robinhood built in guardrails, but AI agents placing trades still means new operational, fraud, and suitability risk.

⚡️ @NobVega said: “$HOOD My AI Trade Agent put all my money in HOOD this morning.” Post

Matt Levine, Bloomberg columnist, wrote it would upstage ETF salesmen that pitch easy one-click investing in niche product combinations, like 3X options on single stocks. When an AI can just do that for you in even more complicated scenarios, why buy ETFs?. He also said all of this reads to brokerages and market makers like Robinhood or Citadel Securities as one big fat check: it’s way easier to predict and front run trades when a language interface is running the game.

“There are few more pleasing phrases, to a market maker, than ‘automated retail options trades.’” Levine wrote.

The real question is adoption. If users trust agents with small sandboxed accounts, Robinhood gets another reason to keep customers inside its ecosystem. If the first viral story is an agent blowing up someone’s retirement, it’s another story. 🤖

Tell $HOOD: finance future or lawsuit fuel →

Digital Turbine Spins Back Up 📱

Digital Turbine, the mobile app distribution and adtech platform ripped Wednesday after earnings gave the market a rare thing in busted small-cap tech: a cleaner turnaround story. Traders basically thought the ad platform was down for the count, especially after the stock returns of competitors like The Trade Desk this year.

The RIP: $APPS ( ▲ 4.94% ) reported GAAP EPS of -$0.06, up 67% year-over-year, revenue of $142.55M, up 20%, and non-GAAP adjusted EBITDA of $31.4M, up 53%. Its App Growth Platform revenue rose 57% to $52.1M.

The move was not just about the quarter. Management guided fiscal 2027 revenue to $630M-$650M and adjusted EBITDA to $135M-$145M, while bulls latched onto its first-party mobile data, AI tooling, and Databricks partnership.

The squeeze math helped pour gasoline on it. Roughly 13.1M shares were sold short going into the session, about 12% of the float, while Wednesday volume ran around 54M shares. If even half those shorts covered, that could be roughly 6.6M shares, or about 12% of the day’s volume, enough to turn a strong earnings gap into a full-blown panic bid.

The risk is that Digital Turbine still has a rough history of net losses, debt, and competition. But for one session, the tape said money first, questions later. 📱

Tell $APPS: reset or squeeze →

Zscaler Gets Zero Trust: With Beats like These, who Could Survive Misses? 🔐

Zscaler, the cloud cybersecurity company, got smoked Wednesday after a strong quarter ran into one problem Wall Street hates more than bad news: worse-than-hoped cash-flow guidance.

The RIP: $ZS fell 31% after reporting GAAP EPS of -$0.09, revenue of $850.48M, up 25%, and ARR of $3.53B, up 25%. Q3 free-cash-flow margin was 16%, down from 18%, while Q4 revenue guidance came in at $875M-$878M.

The headline numbers were not the issue. Zscaler raised full-year non-GAAP EPS guidance to $4.10-$4.11 and pitched itself as an AI-era security platform, with OpenAI and Anthropic model integrations plus a planned Symmetry Systems acquisition for AI agent governance. But the market focused on cash-flow margin pressure, a larger GAAP loss, and whether growth software multiples can survive when guidance has even a tiny wobble.

• @Californiamaster: “$ZS 30% down for beating earnings . What if earnings was missed?? 90%??? WTF” (post)

TRENDING ON STOCKTWITS
Pops & Drops

• $MGM ( ▲ 1.29% )  MGM Resorts: jumped +9% after securing dual Wall Street upgrades

• $ASTS ( ▼ 4.38% )  AST SpaceMobile ⚡: popped +8% after securing FCC commercial approval

• $P ( ▼ 17.09% )  Everpure ⚡: tanked -8% ahead of quarterly earnings report

• $CTRA ( ▼ 8.46% )  Coterra Energy: fell -9% after finalizing the Devon Energy merger

• $PDD ( ▼ 4.09% )  PDD Holdings: tanked -10% after earnings missed estimates significantly

• $BSX ( ▼ 3.77% )  Boston Scientific: tumbled -12% after FDA delayed device approval

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ST EDITOR’S PICKS
Links That Don’t Suck 🌐

😨 Americans Are About to Pay Even More at the Grocery Store

💰️ Goldman Strategists Lift S&P 500 Target to 8,000 on Earnings

📺️ Iran state TV says draft deal with US would reopen Hormuz shipping, end naval blockade

🐿️ Micron, Intel, SanDisk Hogged May’s Chip Spotlight — But These 3 Smaller Stocks Crushed Them

🔫 Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Macro: Core PCE Price Index MoM (12:30 PM ET), GDP Growth Rate QoQ 2nd Est (12:30 PM ET), Initial Jobless Claims (12:30 PM ET), Durable Goods Orders Ex Transp MoM (12:30 PM ET), Fed Williams Speech (12:55 PM ET), +1 more. 📊

Pre-Market Earnings: $XPEV XPeng, $LI Li Auto, $KSS Kohl’s, $BBY Best Buy Co, $AMBR Amber International, +16 more. ☀️

After-Market Earnings: $COST Costco Wholesale Corp, $PATH UiPath, $S SentinelOne, $DELL Dell Technologies Inc Class C, $OKTA, +13 more. 🌙

P.S. You can listen to all of these earnings calls on Stocktwits.

Get In Touch 📬

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