The stock market ended the session on a mixed note, pressured by renewed geopolitical concerns involving Iran and a decline in technology stocks.
Investors are now turning their attention to upcoming inflation figures and signals from the Federal Reserve.
Overall, S&P 500 fell 0.3% to 7,387, while NASDAQ declined 1.0% to 25,679.
Tweet of the Day
A few things from the $AVGO call I thought were interesting:https://t.co/FAeC2nKyhI semiconductor bookings were over $30B in the quarter, versus $10.8B shipped. Demand is running far ahead of recognized revenue.
2.Expects FY26 AI semiconductor revenue of $56B, up about 180% from… https://t.co/53y2XqEfGS— Patrick Moorhead (@PatrickMoorhead) June 3, 2026
Chart of the Day
Here is the one-year chart of Visa (V) as of May 13, 2026, when the stock was at $320.
Last quarter, Visa posted strong double-digit growth, with profits up 20% and revenue rising 17%, its fastest revenue growth since 2022. Profit growth and revenue growth accelerated, from 15% and 15% 2QtrsAgo. That’s bullish!
Growth was driven by value-added services, which rose 27% and now accounted for 30% of Visa’s total revenue. This was fueled by greater demand for network products, consulting, and pricing initiatives.
Visa thinks AI and agentic commerce will expand its addressable market. This gives the stock growth opportunity for the future. Agentic commerce is AI bots making transactions.
V is part of the Conservative Growth Portfolio and Growth Portfolio. With money flowing into AI stocks, and leaving financial transaction stocks, V is a good value now with ample upside.
