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US stocks opened higher, Dell rose by more than 30%: how the AI compute narrative drives the next round of the tech rally

US stocks opened higher, Dell rose by more than 30%: how the AI compute narrative drives the next round of the tech rally

On May 29, 2026, the opening of U.S. stock trading saw a noteworthy bout of market turbulence worth examining. All three major stock indexes opened slightly higher across the board: the Dow rose 0.15%, the Nasdaq rose 0.16%, and the S&P 500 rose 0.16%. What truly caught investors’ attention was Dell Technologies’ strong performance: after a big gap-up, its gain quickly surged past 30%. Meanwhile, IBM rose more than 4%, and Oracle rose more than 2%. The servers and computing infrastructure sector

05-29 13:56

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The biggest IPO in history is about to happen—why did SpaceX cut its target valuation to $1.8 trillion?

On May 29, according to reports by foreign media, SpaceX has lowered its target valuation for its first public offering from $2 trillion to $1.8 trillion. This adjustment came after consultations with advisors and investors. The direct reason for the valuation cut is that the market feedback mechanism is doing its job. Before IPO pricing, the underwriting team collects the bid intent and price sensitivity of anchor investors. If demand falls short of expectations, issuers typically reduce the va
XAI-1.37%
SPCX0.28%
DOGE-2.07%
05-29 10:46
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Gate Prediction Market Hot Event: Will the Thunder or the Spurs win the NBA Western Conference championship?

Gate prediction market data show that after the first six games of the Western Conference finals ended in three wins and three ties, the market formed a clear probability assessment for the Game 7 outcome: the Thunder have a 60% chance to win, while the Spurs have a 40% chance to win. This probability distribution reflects a weighted evaluation of multiple factors. First, the Game 7 will be played at the Thunder’s home court, and home-court advantage has a significant impact on NBA historical Ga
05-29 03:54
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Lenovo secures Nvidia H200 distribution rights, and its share price doubles within a month: five key interpretations of the AI chip supply chain reshuffle

In mid-May, the U.S. Department of Commerce approved procurement by about 10 Chinese companies for NVIDIA H200 artificial intelligence chips. Lenovo Group was identified as one of the distributors authorized to sell H200 in China. After the news was released, Lenovo’s stock price continued to rise steadily over just a few weeks. As of May 29, 2026, after the market opened, Lenovo’s gain at one point exceeded 30%, with a high of 25.7 HKD, before narrowing to 20%; it was temporarily quoted at 23.7
FIL-5.07%
WLD-3.59%
FET-2.98%
05-29 03:01
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Silver prices under pressure: why both UBS and HSBC are bearish? Industrial demand is the key variable

In May 2026, the silver market is undergoing a pricing revaluation driven by a high degree of convergence in institutional views. In recent research reports, UBS, HSBC, and Macquarie have collectively released bearish signals—a situation that is uncommon in the precious metals space. As of May 28, 2026, according to Gate TradFi market data, XAG is quoted at $73.9, slightly rebounding from the intraday low of $71.7, with the 24-hour decline narrowing to 1%. Compared with the extreme volatility on
XAG-0.12%
PAXG0.15%
05-28 13:12
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Macro market sees a major sell-off: Bitcoin drops below $73,000, with both the Iran situation and rate-hike expectations weighing on prices

Since May 2026, the global crypto asset market has gone through a notable pullback. As of May 28, 2026, according to Gate market data, Bitcoin has dipped to a low of $72,800, officially breaking below the $73,000 psychological support level that the market widely views as the lifeline for long positions. The core driver behind this drop is not internal structural issues within the crypto market, but a resonance of two macro-level forces returning to prominence: geopolitical risk and renewed expe
BTC-0.51%
XAUUSD0.99%
USIDX-0.07%
NAS1000.25%
05-28 08:56
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Gate prediction market’s hot event: How high will WTI crude oil prices reach in May?

In late May, the international crude oil market saw a round of sharp price fluctuations. As of May 28, Gate market data showed WTI crude oil was temporarily quoted at $91 per barrel. Earlier, oil prices that had been pushed up by a Middle East geopolitical conflict quickly fell back on the back of news related to US-Iran negotiations. Market expectations for the Strait of Hormuz’ navigation outlook are rapidly adjusting, and a new round of price games is already underway. In a highly uncertain e
CL1.35%
BZ1.51%
05-28 03:35
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Tesla surged more than 15% in May: why is the market abuzz about a possible merger with SpaceX?

As of May 28, 2026, Tesla’s stock price has risen 15.39% in May, closing at $440.36 on May 27. During the day, it hit a high of $445.60, and the increase over the past five trading days reached 5.54%. Based on the stock’s intraday low of $337.24 in early April 2026, the shares have rebounded by more than 30%. Trading volume on May 27 was $19.606 billion, ranking third among US stocks that day, with volume exceeding 44 million shares. Tesla’s market value has recovered to around $1.38 trillion. D
TSLA-1.47%
SPCX0.28%
BAC1.55%
KALSHI6.53%
05-28 03:23
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Informal document disclosure of the U.S.-Iran memorandum of understanding: two oil contracts fall in the short term, and gold drops to around $4,400

On May 27, 2026, a “preliminary unofficial document” regarding a framework for understanding between Iran and the United States was disclosed. It covers arrangements for passage through the Strait of Hormuz, adjustments to regional military deployments, and potential paths for a future agreement. In response, Brent crude and U.S. crude dropped in the short term, while gold prices fell to around $4,400. How is the geopolitical risk premium being adjusted? Are there any structural changes in where
PAXG0.15%
BTC-0.51%
05-27 13:59
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CLARITY bill passage probability drops to 54%: will comprehensive crypto legislation be enacted, or delayed until 2027?

Market price movements are rarely driven solely by sentiment; when the probability of the CLARITY Act’s passage falls from above 70% to 54% within just a few weeks, while during the same period the bill advances in the Senate Banking Committee by a vote of 15 to 9, this seemingly contradictory trend does not reveal simple cyclical swings of market mood. Instead, it points to deeper structural impasses within the legislative process. As of May 27, 2026, on the Polymarket platform, the predicted p
KALSHI6.53%
BTC-0.51%
SOL-1.62%
05-27 10:48
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