Deal or No Deal

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and Iran helped ease energy worries, allowing the semiconductor and memory rally to hold strong. Rumors swirled about a potential 60-day truce pending approval from the Trump administration, following drone attacks on commercial shipping and missile deployments in the region. Oil prices dropped to their lowest in a month on optimism that a deal could finally bring stability.

Meanwhile, inflation data showed personal consumption prices rose nearly four percent year-over-year in April, a stubborn reminder that costs remain elevated despite a slightly softer monthly increase. I. sector kept the momentum going with some notable earnings and guidance updates after the bell.

MongoDB stole the spotlight with a dramatic after-hours turnaround. I. infrastructure efforts.

MongoDB’s revenue climbed twenty five percent to nearly 688 million dollars, and full-year revenue guidance was lifted close to three billion dollars. I. -related software infrastructure.

UiPath, the automation software specialist, delivered a solid but less explosive report. Earnings per share rose sharply year-over-year, and revenue grew seventeen percent to just over 418 million dollars. 8 billion dollars.

-driven world. I. hardware beyond just chips.

Adjusted earnings per share nearly doubled expectations at about four dollars and eighty-six cents, with revenue soaring to nearly forty-four billion dollars. I. infrastructure.

I. hardware boom is broadening, and traders are now hunting across the entire supply chain. Okta, the identity and security software provider, posted steady growth with revenue up eleven percent to 765 million dollars and strong cash flow.

However, the market reaction was muted, with the stock rising just under six percent. I. infrastructure steals the growth spotlight.

Okta remains a quality name but is no longer commanding the same excitement. On the retail front, Dollar Tree, Best Buy, and Kohl’s showed that while the sector is bruised, it’s far from broken. These retailers continue to navigate inflation pressures and shifting consumer habits, providing a mixed but resilient picture.

In quick movers, defense and drone-related stocks rallied on expectations of increased government spending. I. software and infrastructure theme dominated chatter, boosted by MongoDB and UiPath’s reports.

I. infrastructure, drone defense, and retail earnings relief, reflecting the market’s current focal points. Among notable smaller names, Corsair Gaming jumped over twenty percent after launching NVIDIA G-Assist integration, while Agilent and Infleqtion surged on strong earnings and new quantum technology initiatives.

I. trading tools, and First Solar climbed eleven percent amid strengthened solar trade protections. Super Micro also rose eight percent after export compliance tightened.

On the downside, Synopsys dropped nearly nine percent after disappointing design IP results. -driven virtual terrain for mission planning. Their VR systems are already in use at several military academies, and this contract signals expanding defense applications for immersive simulation technology.

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Earnings to watch pre-market include Buckle, Dynagas LNG Partners, BitFuFu, KNOT Offshore Partners, and Genesco. Brookfield Corporation reports after the close. That’s the market rundown.

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