The Weekend Rip: May 24
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The Weekend Rip
Happy Weekend!
The week started with oil, bonds, and Iran risk punching growth in the mouth, then ended with traders crawling right back into AI, hardware, quantum, and space speculation. Nvidia held the AI trade together, Lenovo lit up Dell and HP, and federal quantum funding gave D-Wave, Rigetti, and IBM a fresh catalyst. The ugly part never left: consumer sentiment hit a record low, mortgage pressure stayed loud, and Kevin Warsh took over the Fed with the bond market already questioning whether cuts are still realistic.
Let’s recap and prep you for the week ahead. 📝
Monday 🧨: Stocks opened the week in risk-off mode as AI hardware rolled over, Iran risk lingered, and traders stared down Nvidia earnings plus Kevin Warsh’s Fed takeover. A late-session strike cancellation headline helped stocks claw back some ground, but bonds kept selling off as oil, inflation, and hike risk stayed in the driver’s seat. OpenAI beat Musk in court, memory names cracked on capacity stress, ServiceNow caught a retail SaaS bid, and Warsh might be inheriting a bond market already acting like it runs the Fed.
Tuesday 🧠: Every major index closed red, but Stocktwits sentiment stayed bizarrely bullish as crude climbed, bond yields screamed, and traders hid in energy, health care, utilities, and staples. The U.S. 30-year pushed toward a nearly 20-year high while global yields joined the selloff, keeping inflation fear alive before Nvidia’s Wednesday night report. Cava’s Q1 beat, Nvidia’s earnings setup, retail earnings week, SpaceX IPO chatter, and the defensive sector shift gave traders plenty to fight about even while the tape bled.
Wednesday 🚀: Stocks bounced as oil cooled, bond pressure eased, and traders got two huge AI catalysts at once. Nvidia beat across revenue, adjusted EPS, data center, and guidance, but still dipped after hours because expectations were already levitating. SpaceX filed for its Nasdaq IPO under SPCX, turning Starlink, rockets, X, and xAI into one giant valuation argument.
Thursday 🧠: Stocks climbed back from an early red start as fresh U.S. and Iran peace hopes helped the Dow reach record highs. Nvidia kept AI attention pinned after its monster quarter, but the conversation spread into Applied Digital, Arm, quantum funding, and China EV earnings. Walmart proved a good quarter can still get punished when the stock already carries a premium, while the Fed minutes reminded everyone that bonds are still doing the threatening.
Friday 🧠: Stocks climbed into the long weekend as tech kept dragging the market back toward growth even after a week of oil shocks, bond stress, and rate hike chatter. Lenovo’s strong quarter lit up Dell and HP, while federal quantum funding sent D-Wave and Rigetti ripping again. Kevin Warsh took the Fed chair job with consumer sentiment at a record low and the bond market already asking whether his first real move could be tighter, not easier.
🤩 This week’s Stocktwits Top 25 showed how momentum movers fared vs. the indexes.
Here are the closing prices:
SPONSORED BY NOUVEAU MONDE GRAPHITE
$NMG Hits FID And The Dirt Is Already Moving
The switch just flipped! After locking in a US$309.5M equity package alongside a previously announced US$335M debt commitment, NMG officially confirmed FID for its Phase-2 Matawinie Mine in Québec during its Annual General Meeting.
And this isn’t some “coming soon” story anymore. Construction activity has already kicked off, with crews mobilized onsite, civil works underway, and the industrial platform now being stripped and prepared. Pomerleau, AtkinsRéalis, and Manawan-Fournier are already in the field as equipment and workers continue arriving.
Translation for investors: the financing is closed, the FID is in, and the build phase is no longer theoretical. $NMG just moved from planning mode to execution mode, with the market now watching how fast the company can turn capital into concrete progress for what is expected to become the largest graphite platform of the G7 countries.
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
THE BRIEF
Need a concise summary of what’s going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.
Earnings This Week
Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week.
Economic Calendar
In addition to the above, check out this week’s complete list of economic releases.
IN PARTNERSHIP WITH NOUVEAU MONDE GRAPHITE
$NMG Breaks Ground With Heavy Hitters On Site
FID last week. Groundbreaking today. That’s speed. $NMG just officially launched construction of its Phase 2 Matawinie Mine, a designated project of national interest and one of the first to move into build in Canada’s critical minerals push.
On site: Prime Minister Mark Carney and Québec Minister Bernard Drainville, alongside Indigenous and local leaders showed serious alignment with reduced execution friction.
For investors, this is the shift that counts: capital is now being deployed.
Zoom out. ~106K tonnes/year planned with ~75% production already committed to Panasonic Energy, the Government of Canada, and Traxys. Demand is locked before first output.
Production is slated for end 2028, giving markets a clear line of sight on ramp up.
Bottom line: $NMG just moved from funding story to execution play, with national backing and real contracts in place.
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
ST EDITOR’S PICKS
Links That Don’t Suck 🌐
🆘 Trump says no rush for Iran deal, US blockade stays
🥇 Peter Schiff Says Whales Are Dumping Bitcoin On ‘Bag Holders’ — The On-Chain Data Says Otherwise
🧓 Stocks and earnings surge, and Iran deal may be imminent: What to watch this week
Get In Touch 📬
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