markets

Max Knoblauch9/23/25

Boeing climbs on $8.5 billion Uzbekistan Airways deal that could be followed by more large orders

As world leaders converge on New York City for the UN General Assembly, more Boeing deals are being struck with countries seeking favor with the Trump administration.

On Monday evening, Boeing announced Uzbekistan Airways will order up to 22 of the plane maker’s 787 Dreamliner jets in an $8.5 billion deal. It would be the largest order ever for the airline and, per Boeing, support nearly 35,000 US jobs. Boeing shares climbed more than 2% in premarket trading on Tuesday.

It may not be the only big order Boeing receives this week. According to reporting by Bloomberg, Turkish President Recep Tayyip Erdogan — who is set to visit the White House Thursday — has plans to buy “hundreds” of Boeing planes. At a Tuesday press conference, US lawmakers visiting China said negotiations were nearing their “last days or weeks.”

Boeing has repeatedly been at or near the center of Trump administration trade deals, securing several multibillion-dollar orders from airlines in South Korea, Qatar, and the UK, among others.

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Tasha Matsumoto

S&P 500 posts weekly gain for its 8th consecutive week

The benchmark index is on its longest weekly winning streak since 2023.

A handsome, brown Pineywoods bull with a black head and large horns stands near a forest

markets

Paige Oamek5/22/26

Hardware stocks jump thanks to server demand and record Lenovo revenue

Server stocks are rallying as Dell, Super Micro Computer, and Hewlett Packard Enterprise ride the momentum of Hong Kong-based Lenovo. The PC maker’s stock rose 19% on Friday, hitting an all-time high, on record Q4 earnings.

Powering the positive earnings report was the company’s AI-related revenue, which grew 84% in the fourth quarter and now makes up over a third of total revenue. Investors seem to think the increased demand for servers could have trickle-down effects for other companies.

“The company’s results and commentary reinforced the outlook for strong AI-infrastructure demand while indicating resilient broader traditional server and storage spending,” wrote Woo Jin Ho, a senior technology analyst at Bloomberg Intelligence. “Lenovo’s $21 billion AI-server pipeline and remarks that demand is outpacing supply support Dell’s AI-demand momentum and point to robust orders.”

AI’s insatiable computing demand is reshaping the hardware industry and driving up server demand.

Dell will report first-quarter earnings on Thursday, May 28.

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Take-Two’s “GTA 6” forecast feels absurdly conservative

Take-Two issued a 2027 net bookings forecast about $1 billion below Wall Street’s estimates. The stock is falling on Friday.

Max Knoblauch5/22/26

The D-Wave 2X quantum system, is operated at the NASA Advanced Supercomputing facility's Quantum Artificial Intelligence Laboratory at NASA's Ames Research Center in Mountain View, Calif., as seen on Tuesday December 8, 2015.

Quantum computing CEOs hope “validating” government backing proves their technology is no longer speculative

The government funding is a push to boost the foundational elements of quantum computing to get the industry ready for prime time. The CEOs of Infleqtion and D-Wave give us their thoughts.

Luke Kawa5/22/26

markets

Helena Cheng5/22/26

Ross Stores surges as Q1 results beat expectations, full-year guidance raised

Ross shares are rising after the company delivered strong Q1 results, with sales topping Wall Street’s projections.

The stock soared 6.3% just after the open.

Key numbers:

Earnings per share of $2.02 vs. $1.47 year over year (estimate: $1.72).
Sales of $6.01 billion, up 21% year over year (estimate: $5.61 billion).
Comparable sales growth of 17% (estimate: 8.58%).

CEO Jim Conroy attributed the results to better traffic in stores. “Customer traffic was the primary driver of the strong sales trend as compelling merchandise assortments, higher customer acquisition and engagement from our ongoing marketing initiatives, and an improved in‑store experience are resonating with shoppers.”

The company also noted that transaction volume grew across all key demographics, including “income levels, ethnicities, and age groups, including younger customers.” Sales were also likely buoyed by standard seasonal tailwinds, including consumer spending from tax refunds.

Backed by the strong quarter, the company lifted its full-year targets. Ross now projects same-store sales growth of 6% to 7%, up from the prior forecast of 3% to 4%, topping Wall Street’s estimate of 4.64%. It boosted its annual EPS guidance to a range of $7.50 to $7.74, versus the prior outlook of $7.02 to $7.36.

Ross Stores has been one of the retail sector’s standout performers this year, rising around 20% year to date as of Thursday’s close.

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