MarketBeat Week in Review – 05/18 - 05/22

Summary

It took a second, but investors pushed stocks higher to end the week. The blockbuster results from NVIDIA Corp. NASDAQ: NVDA provided the fuel. More than the results, the company’s forward guidance makes it clear that the AI infrastructure trade is backed by tangible demand. Not all the news was strong this week. Retail stocks painted a mixed picture that confirmed the bifurcated state of the consumer, for whom inflation remains front and center. To that end, a catalyst to the market rally was news that the conflict in Iran may be drawing to a close. A swift resolution would take the pressure off oil prices.Get NVIDIA alerts:Sign Up That conflict is also a good reminder of why U.S. markets will be closed on Monday. The United States will be observing Memorial Day. We hope you enjoy the weekend, and be assured that the MarketBeat analysts will be keeping you informed of the stocks and stories moving the markets. Here are some of our most popular stories from this week. Articles by Thomas Hughes One takeaway from NVIDIA’s earnings report is that data center demand is growing faster than manufacturing can keep up. That's bullish for a company like Applied Optoelectronics NASDAQ: AAOI, a rising name in the photonics market. Thomas Hughes laid out the bull case that may mean AAOI is at a turning point and the one potential headwind that investors should watch closely. The next wave of AI applications will happen on the edge (i.e., on device). Hughes explained why that makes the bullish case for Everspin Technologies NASDAQ: MRAM and how investors should approach the stock after a bullish post-earnings move. One of the most important retail earnings reports came from Home Depot NYSE: HD, which intersects with the housing market. The company’s guidance forecasts ongoing consumer pressure, but Hughes noted that the post-earnings selloff in HD is creating an opportunity. Articles by Sam Quirke Any investor who still believes Tesla Inc. NASDAQ: TSLA is just a car company shou...