A Failed Shoe Brand, Four Quantum Stocks, and a New S&P Record Incoming

Trump said Wednesday that the Iran war is "very close to over," and the market responded by pushing the S&P up.

Quantum stocks ran hard across the board on Nvidia's Ising launch, and Goldman Sachs handed SolarEdge a Sell rating that erased a month of gains in one session. All of it is below.

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The Nasdaq extended its winning streak to 11 straight sessions, while the Dow pulled back slightly as Hermès' weak sales report hammered luxury stocks and raised questions about discretionary spending.

NVIDIA launched its Ising open-source quantum AI models, triggering a sector-wide rally in quantum computing names, which was the day's most concentrated single-catalyst move.

A few industrial names dropped ahead of their upcoming earnings reports as the market priced in what weak consumer sentiment and soft residential spending mean for companies reporting next week.

CoreWeave Inc (NASDAQ: CRWV) just landed a $6 billion cloud deal with Jane Street, the elite trading firm that rarely makes public moves. Jane Street also invested $1 billion directly into the company.

This is CoreWeave's third massive deal in a single week, following agreements with Meta and Anthropic. Three deals. Three of the most sophisticated technology buyers on earth. Seven days.

The Client List Is Becoming Untouchable

Nine of the top ten AI model providers already use CoreWeave. Now, one of Wall Street's most powerful trading firms is signing on for billions of dollars in cloud capacity.

Each new name validates the platform and makes the next deal easier to close.

You look at who is choosing CoreWeave, and every single one is an organization that demands absolute performance.

These are not casual partnerships. These are commitments from buyers who cannot afford their infrastructure to fail.

The Debt Is the Other Side of the Story

CoreWeave carries over $14 billion in long-term debt. Building AI infrastructure at this speed requires enormous borrowing.

The deals keep coming, but so do the financing costs. Every contract needs to generate enough revenue to justify the mountain of capital being deployed.

You celebrate three blockbuster deals in one week. But the real story plays out over the next few years as CoreWeave has to deliver on every promise while managing a balance sheet that grows heavier by the month.

Tesla (NASDAQ: TSLA) has reached a major milestone by completing the design of its next-generation AI chip, and this is not just a technical update.

It shows where the company is placing its biggest bets going forward. This move is less about hardware and more about control over its future.

Owning the Core Changes Everything

Tesla is no longer relying on outside suppliers for one of its most important components. By designing its own chips, it gains more control over performance, timelines, and how its systems evolve.

That kind of control is a strategic advantage, especially in a space where speed matters.

This Is About Where Tesla Wants to Compete

For years, Tesla was seen primarily as an electric vehicle company. Now the focus is shifting toward AI, automation, and systems that power much more than just cars.

For you, the shift is subtle but important, because Tesla is positioning itself in a category that goes beyond traditional automakers.

The Direction Is Getting Harder to Ignore

What stands out is how consistently Tesla has moved toward this vision. Each step may seem technical on its own, but together they point in one direction.

Tesla is not just making better cars; it is building a foundation for something much broader, and that shift is already underway.

Oil prices are on the rise, putting the energy sector back in the spotlight.

Large banks have raised their crude outlooks, and investors are reexamining which companies could benefit most if supply risks persist.

In a new report, Zacks highlights three oil stocks standing out in the current market backdrop.

[View the briefing]

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L3Harris Technologies (NYSE: LHX) just committed $1.27 billion to expand solid rocket motor production at its Virginia facility.

This comes on top of a separate $1 billion U.S. government investment in the company's rocket motor business announced months earlier.

Combined, that is over $2 billion flowing into a single manufacturing capability that sits at the center of nearly every major U.S. missile program.

Tomahawks, Patriot interceptors, and a wide range of other systems all rely on these motors. L3Harris is making sure there are enough of them.

The World Is Rearming

Militaries globally are racing to replenish weapons stockpiles drained by ongoing conflicts. Every missile fired needs to be replaced, and every replacement needs a motor. Demand is growing faster than current production can meet.

L3Harris sits at the center of that bottleneck. Your understanding of the defense industry right now comes down to one word. Capacity. And L3Harris is building more of it faster than anyone else.

Infrastructure That Takes Years to Replicate

New rocket motor facilities do not appear overnight. They take years to build, certify, and bring to full production. L3Harris starting now means it stays ahead of competitors who have not yet broken ground.

You invest $2 billion in a single production capability when the demand signal is loud, clear, and stretching years into the future.

L3Harris is not guessing where defense spending will go next. It already has the orders.

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Allbirds [BIRD] $16.99 (+582.33%)

Allbirds announced it sold its footwear brand to American Exchange Group for $39 million and secured a $50 million convertible financing facility to reinvent itself as NewBird AI, targeting GPU-as-a-Service and AI cloud infrastructure.

The company had been posting losses for 18 consecutive quarters, with revenue down 20% in 2025 after a 25% decline the year before.

The financing still requires shareholder approval at a May 18 meeting, and any failure to close that deal reverses the entire thesis.

Taysha Gene Therapies [TSHA] $5.99 (+27.18%)

Taysha is developing TSHA-102, an AAV9 gene therapy for Rett syndrome that posted a 100% response rate across all 10 patients in Phase 1/2 and holds an FDA Breakthrough Therapy designation.

Canaccord raised its price target to $17 nine days ago, and Wednesday's session caught a biotech sector tailwind from yesterday's Travere FDA approval.

TSHA expects to complete dosing in its REVEAL pivotal trial in Q2 2026, with a BLA-supporting data readout in H1 2026. Nine analysts rate it Strong Buy with an average target of $10.78.

IonQ [IONQ] $43.03 (+20.32%)

IonQ announced the first-ever photonic interconnection between two independent trapped-ion quantum systems, solving a core scalability problem that the industry has been working toward for years.

NVIDIA's simultaneous launch of Ising, open-source quantum AI models, accelerated the session's quantum narrative and drove the entire sector higher.

IonQ also confirmed a DARPA HARQ contract on Tuesday.

Polaris [PII] $47.90 (-16.68%)

Polaris reports Q1 2026 earnings on April 28, and investors are pre-emptively repricing the stock on expectations of another weak quarter.

The powersports and off-road vehicle market remains structurally soft: consumer sentiment hit a record low in April, big-ticket discretionary spending is under pressure, and competitor BRP suspended its fiscal 2027 guidance on tariff impacts. 

Carrier Global [CARR] $58.55 (-9.45%)

Carrier reports Q1 earnings on April 30, and the setup heading in is poor.

Multiple analysts cut price targets in recent weeks while maintaining Neutral ratings, and the company's 2026 guidance explicitly calls for a 10-15% decline in North American residential HVAC units with recovery pushed to late 2026 or 2027.

At 34x trailing earnings on a business with flat organic growth guidance, the stock has no valuation cushion to absorb continued estimate pressure.

SolarEdge [SEDG] $37.83 (-11.98%)

Goldman Sachs downgraded SolarEdge to Sell from Neutral Wednesday and cut the price target to $31 from $36, citing challenging valuation after the stock had surged 35% from its recent lows.

The company posted a net loss of $405 million in fiscal 2025, carries a negative 34% net margin, and trades at a forward P/E of roughly 190x based on optimistic 2026 estimates.

Goldman's note pulled capital that had been positioned for a turnaround, and the stock gave back most of its recent run.

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— Adam G.
Elite Trade Club

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