The stock market closed mixed on Monday as chip stocks rebounded from last week’s selloff and easing Israel-Iran tensions lifted investor sentiment. Markets are now focused on upcoming U.S. inflation data and Federal Reserve policy signals.
Overall, S&P 500 was up 0.3% to 7,406, while NASDAQ grew 0.9% to 25,930.
Tweet of the Day
TODAY BROADCOM A $2 TRILLION DOLLAR COMPANY REPORTED Q2 2026 EARNINGS
CEO OPENED THE CALL READING LAST YEAR’S Q2 2025 NUMBERS
STOCK IS DOWN ~15% AFTER HOURS
HOW DOES THIS HAPPEN AT A $2 TRILLION COMPANY$AVGO pic.twitter.com/ViGgk7iwNc
— GURGAVIN (@gurgavin) June 4, 2026
Chart of the Day
Here is the one-year chart of AppLovin (APP) as of May 11, 2026, when the stock was at $478.
Last quarter, AppLovin delivered 113% profit growth on 59% revenue growth, driven by continued technology advancements.
Management stated that its Axon AI system — Axon 2.0 — instantly helps businesses target customers and optimize ads, which makes ads more cost effective. Now, after 14 years of being an invite-only or referral based platform, Axon is now open to the general public where any advertiser can sign up to run ads. Management believes this combination of stronger AI models, self-serve onboarding, and automated ad creation could eventually bring millions of new businesses onto the platform, ushering in a new growth phase for digital advertising.
APP is part of our Growth Portfolio and Focus List. We think the stock has vast potential, but the digital ad space is competitive and that makes the stock a bit speculative.
