Semiconductor stocks did something not seen since the dotcom bubble burst. What the charts show

Todd Gordon takes a look at the charts in the semiconductor space and Nvidia.

Oil futures fall after Trump pauses U.S. effort to partially reopen Strait of Hormuz May 6, 2026
Crude-oil futures fell late Tuesday after President Donald Trump said his latest effort to partially reopen the Strait of Hormuz would be paused, to buy more time to reach an agreement to end hostilities with Iran.
Mike Murphy
Astera Labs’ stock climbs as the company strives to make AI chips more powerful May 6, 2026
The connectivity company also issued upbeat earnings results
Britney Nguyen
Super Micro’s stock surges as Wall Street cheers its margin recovery May 6, 2026
Shares of the AI server maker jumped 18% as investors shrugged off a revenue miss and celebrated a rebound in gross margins.
Christine Ji
Upstart’s stock is getting punished after earnings. Here’s the big gripe. May 6, 2026
The AI lending company came up short on a key profit metric, but its CEO says that analysts may have mismodeled seasonal trends.
Hannah Pedone
The last time semiconductor stocks rose this far this quickly, the dot-com bubble burst May 5, 2026
The rolling 25-day performance for one index of semiconductor stocks has reached its highest level since March 9, 2000 —the day before the dot-com bubble peaked.
Joseph Adinolfi
This narrow shipping lane is how Trump now wants oil tankers to navigate the Strait of Hormuz May 5, 2026
If the U.S. succeeds in shepherding more vesses out of the strait safely, hundreds of ships still stuck on either side of the strait, including massive oil tankers, would find their way to markets, taking off some of the pressure that has led global crude prices rise more than 50%.
Claudia Assis
Betting on long Treasury bonds when yields near 5% has been a slam-dunk trade over the past few years. Is this time different? May 5, 2026
“There is not a ‘break-the-glass’ solution,” says former Treasury Secretary Steven Mnuchin of backup plans if the U.S. can’t finance its debt.
Joseph Adinolfi
Cheaper protein shakes are crushing this industry stalwart May 5, 2026
Shares of BellRing Brands, the maker of Premier Protein drinks and PowerBar snacks, tumble nearly 40%.
Bill Peters
PayPal’s stock falls after earnings. Here’s what’s spooking Wall Street. May 5, 2026
PayPal’s June-quarter guidance came up short, overshadowing signs of momentum in the latest period.
Emily Bary
Amazon’s stock has come alive, setting the company up to join an exclusive club May 5, 2026
Amazon’s stock needs to rise less than 2% for the company’s market cap to top $3 trillion — something only four other companies have ever achieved.
William Gavin