SpaceX IPO Sends Space Stocks Soaring | Open Interest 5/26/2026

Watch on YouTube ↗  |  May 26, 2026 at 17:31  |  1:27:13  |  Bloomberg Markets
Speakers
Mandeep Singh — Senior Analyst, Bloomberg Intelligence
JoAnne Feeney — Portfolio Manager and Partner, Advisors Capital Management
Ed Ludlow — Co-Host, Bloomberg Technology

Summary

The S&P 500 hits another all-time high as hopes for a US-Iran peace deal offset ongoing military strikes. Semiconductor stocks lead, with Micron surging on a major UBS price target upgrade driven by AI memory demand. SpaceX's IPO roadshow lifts space stocks, while Eli Lilly expands into vaccines and reports positive early gene-editing cholesterol data. Ferrari's first EV draws harsh criticism, sending its stock lower.

  • US-Iran tensions persist despite peace deal hopes, with the Strait of Hormuz mining continuing.
  • Micron jumps over 13% after UBS raises its price target to $1,625, citing long-term AI memory demand.
  • SpaceX begins its IPO roadshow, boosting shares of space-related companies like Rocket Lab.
  • Eli Lilly announces nearly $4 billion in vaccine acquisitions and positive early-stage gene-editing cholesterol results.
  • Ferrari's $640,000 all-electric vehicle receives negative reviews, sending the stock down nearly 5%.
  • Consumer confidence data from the Conference Board comes in better than expected, supporting market optimism.
  • Wall Street banks are increasingly using credit derivatives to hedge hyperscaler debt exposure.
  • Data center demand remains strong, with CyrusOne CEO citing a 3-5 year growth outlook.
Trade Ideas
Mandeep Singh Senior Analyst, Bloomberg Intelligence 14:57
Agentic AI fuels Micron memory demand
The shift to agentic AI is driving huge demand for memory, with Micron's gross margins surging from negative to 81% in a few quarters. Supply remains extremely tight, and despite capacity additions, the shortage will persist beyond 2026. The cycle length and room to grow will exceed expectations, supporting continued price and margin expansion.
MU HIGH
JoAnne Feeney Portfolio Manager and Partner, Advisors Capital Management 55:28
Palo Alto Networks benefits from AI cyber risks
Cybersecurity risks are increasing dramatically due to AI capabilities. Palo Alto Networks, with its integrated platform solution, is best positioned to capture market share as customers consolidate vendors. The company's platform approach and strong market position make it the top pick in the cybersecurity space.
PANW MED
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This Bloomberg Markets video, published May 26, 2026, features Mandeep Singh, JoAnne Feeney discussing MU, PANW. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mandeep Singh, JoAnne Feeney  · Tickers: MU, PANW