Stocks Near Highs As Earnings Roll On | Open Interest 5/5/2026

Watch on YouTube ↗  |  May 05, 2026 at 16:33  |  1:27:05  |  Bloomberg Markets
Speakers
Bailey Lipschultz — Reporter, Bloomberg
Ben Snider — Senior Equity Strategist, Goldman Sachs
Caroline Hyde — Co-Anchor, Bloomberg Tech
Dani Burger — Anchor, Bloomberg Television

Summary

Stocks push toward fresh highs as earnings season continues, with tech and semiconductors leading. Apple weighs sourcing chips from Intel and Samsung, while GameStop's big bid for eBay draws skepticism and Michael Burry exits. Duke Energy CFO highlights strong data center demand, and Milken Conference interviews cover private equity, AI infrastructure, and M&A. Geopolitical tensions in the Strait of Hormuz keep oil volatile but crude retreats, helping equities.

  • S&P 500 and Nasdaq reach new intraday highs, led by semiconductors and tech.
  • Apple considers Intel and Samsung for U.S. chip production, boosting Intel shares 11%.
  • GameStop's $56 billion eBay bid with heavy debt is questioned; Michael Burry exits his stake.
  • Duke Energy reports earnings beat, CFO Brian Savoy details 7.6 GW of signed data center contracts.
  • Goldman's Ben Snider warns that elevated investor positioning may lead to below-average short-term returns.
  • EQT CEO Per Franzen sees continued consolidation in private markets and attractive AI infrastructure investments.
  • Carlyle's John Redett favors diversified, asset-heavy industrial carveouts over software exposure.
  • U.S.-Iran ceasefire remains fragile, with 1,550 vessels stuck near the Strait of Hormuz, but oil prices fall 3%.
Trade Ideas
Caroline Hyde Co-Anchor, Bloomberg Tech 1:55
Intel could benefit from Apple processor diversification.
Apple considering Intel and Samsung to produce main processors in the U.S. to diversify away from sole dependency on TSMC, which faces geopolitical supply-chain risks. Intel stands to gain as a potential new supplier.
INTC LOW
Brian Savoy 7:51
Duke Energy benefits from AI data center demand.
Duke Energy is at the center of the AI data center power boom with 7.6 gigawatts of firm, long-term contracts signed in the past year. The company's 'speed to power' strategy and interruptible load provisions allow customers to connect faster, driving structural earnings growth without straining existing customers.
DUK HIGH
Bailey Lipschultz Reporter, Bloomberg 16:56
GameStop's debt-heavy eBay bid is risky.
GameStop's proposed $56 billion bid for eBay, financed with $20 billion in unguaranteed debt, breaks Michael Burry's 'instant Berkshire' thesis and adds significant risk. Burry's exit signals the deal is highly risky for shareholders.
GME MED
Ben Snider Senior Equity Strategist, Goldman Sachs 28:04
Elevated positioning implies below-average returns near-term.
Investor positioning across hedge funds, mutual funds, and other parties is several standard deviations above average, suggesting limited marginal buying power and likely slightly below-average returns for the S&P 500 over the next few weeks.
SPY MED
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This Bloomberg Markets video, published May 05, 2026, features Caroline Hyde, Brian Savoy, Bailey Lipschultz, Ben Snider discussing INTC, DUK, GME, SPY. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Caroline Hyde, Brian Savoy, Bailey Lipschultz, Ben Snider  · Tickers: INTC, DUK, GME, SPY