Good morning, investors. We have yet to encounter a dull day during the AI bull market. That makes it both compelling to keep up with the narratives and FOMO-inducing to watch new and random stocks hit record highs with such frequency.

The winning investment ideas are simply winning more than ever.

Marvell Technology hit an all-time high on Tuesday after Jensen Huang called it the next trillion-dollar company.

In one day the stock jumped 30% and added roughly $56 billion in market cap.

But before that parabolic burst, shares were already up 230% year-to-date. The latest move confirms two bullish catalysts being true at once:

Just a week ago, a cadre of sell-side analysts on Wall Street raised their price targets for the stock.

Stifel this week released a new call for Marvell at $321 after Huang’s comments on the Computex stage, which implies another 12% upside from its current record levels.

Marvell is responsible for the optical materials and custom silicon that let thousands of GPUs inside a hyperscale data center move data around and train AI models.

Large segments of the AI trade would screech to a halt without Marvell’s technology.

Huang, then, offered more of a confirmation of Wall Street’s expectations rather than a novel forecast for markets to react to.

Still, for investors who haven’t been paying attention to analyst calls, Huang’s endorsement provided as sizable a catalyst as an earnings beat.

If markets continue to act on his words, then the next leg of the AI trade will be built around optical, networking and silicon components.

🚨 We published Marvell 6 months ago in our Best Ideas Club to capture a 252% return. Join today to unlock our full high-conviction portfolio, which has more than tripled the S&P 500 in 2026.

📊 US job openings hit their highest level in 2 years. New BLS data showed companies are posting more jobs yet those aren’t necessarily turning into job offers for new workers. The market remains in a “low-hire, low-fire” dynamic. (CNN)

🚀 Hewlett Packard Enterprise stock jumped 30%. In its best earnings beat since 2018, revenue rose 40% year over year to $10.7 billion, and management raised its sales-growth outlook to a 29% to 33% range. (CNBC)

📈 Victoria's Secret stock climbed over 40% on blockbuster earnings. Net sales climbed 15% to $1.56 billion and adjusted EPS hit $0.60 against a $0.32 consensus, with execs pointing to lower tariff costs and stronger demand. (Barron’s)

I sat down with veteran strategist Lou Basenese to unpack his highest conviction stock picks for the rest of the year, the SpaceX IPO as a retail trap, and acquisition targets within biotech that look like prime buying opportunities.

Tune in on Spotify, Apple Podcasts, or YouTube.

🗓 June 3, 1864: President Lincoln signed the National Bank Act into law, creating a unified national currency and federally chartered banks to help finance the Civil War. This legislation also established the Office of the Comptroller of the Currency, which still oversees national banks.

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