One infrastructure name just gave investors a clearer reason to pay up, backed by a major customer commitment and a higher revenue roadmap. The other two are more complicated: one is carrying too much debt behind its AI backlog, while the other is still growing but now has to prove AI-driven efficiency does not come at the cost of confidence.
Pivotal Trial Progress (Sponsored)
A small biotech just passed 75% enrollment in a late-stage clinical trial at some of the top heart centers in the U.S. - Cleveland Clinic, Mayo Clinic, Mass General, and Columbia.
The company's drug already showed clear, measurable results in a mid-stage trial published in a leading medical journal. Now it's going after a recurring heart condition where the only approved treatment is a weekly injection expected to do nearly $950 million in sales this year - and 82% of patients still aren't being treated.
Wall Street already has two Buy ratings on the stock with price targets 3-4x the current share price.
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*This communication is a paid advertisement and is not editorial content, independent research, or an unbiased analysis. Read this disclosure in full before reading the article it accompanies.
Futures at a Glance📈
Futures are pointing higher as traders juggle fresh U.S.-Iran tension with the biggest data point of the week: the April jobs report. Oil is back in focus after more Strait of Hormuz drama, but strong earnings momentum is still helping keep the market on its feet.
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What to Watch
Earnings (Premarket):
• Enbridge Inc [ENB]
• Brookfield Asset Management [BAM]
• AngloGold Ashanti PLC [AU]
• PPL Corporation [PPL]
• Pembina Pipeline Corp. [PBA]
• Fidelity National Information Services, Inc. [FIS]
• TELUS Corporation [TU]
Earnings (Time Not Supplied):
• Ubiquiti Inc. [UI]
• EchoStar Corporation [SATS]
• Plains All American Pipeline, L.P. [PAA]
Economic Reports:
• U.S. employment report (April): 8:30 am
• U.S. unemployment rate (April): 8:30 am
• U.S. hourly wages (April): 8:30 am
• Hourly wages year over year: 8:30 am
• Wholesale inventories (March): 10:00 am
• Consumer sentiment (prelim) (May): 10:00 am
Elite Trade Club Insider
More Than $490 Million Just Moved Toward The Exit
An executive chairman at a digital gaming stock sold $228.2 million worth of shares after a 138% one-year run, while major holders tied to a fitness chain reported another $262.7 million in proposed sales.
Free readers will only hear about insider selling. Insider readers will see where major holders are using strong prices and fresh liquidity to cash out before the story gets crowded.
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Optical Infrastructure
Corning Just Turned Fiber Into a Core AI Infrastructure Trade
Corning Inc (NYSE: GLW) just gave investors a much bigger reason to care about glass, fiber, and optical connectivity. The company announced a multi-year partnership with Nvidia tied to AI data center infrastructure, with Nvidia receiving warrants to buy up to 18 million Corning shares as part of a $500 million investment. Corning also plans to expand optical manufacturing capacity by 10x and lift fiber output by more than 50%.
That is a serious commitment, not a soft AI headline. Corning is building three new production sites in North Carolina and Texas, targeting the fiber and connectivity bottlenecks that sit underneath the AI data center boom.
The company also raised its long-term sales target to $35 billion by 2030, up from its prior $27 billion target for 2028. That kind of guidance reset changes the conversation.
The stock has already run hard, up more than 300% over the past year, and it trades at roughly 88x earnings. That is not cheap. But the Nvidia deal gives Corning a higher-quality AI infrastructure story with a real customer, real capacity expansion, and real long-term targets.
My Take For You: Corning just moved from AI-adjacent to AI-critical. This is now a direct play on the physical connectivity layer needed to scale data centers.
My Verdict: Buy this. The risk is that the stock’s huge run and premium valuation leave little room for delays in the Nvidia-linked buildout.
AI Cloud Infrastructure
CoreWeave Has the Demand, but the Spending Burden Is Getting Heavier
CoreWeave Inc (NASDAQ: CRWV) delivered another quarter that proves AI compute demand is massive. Revenue came in at $2.08 billion, ahead of the $1.97 billion estimate, and more than doubled from $981.8 million a year ago.
The company also ended the quarter with $99.4 billion in revenue backlog and roughly 3.5 gigawatts of contracted power, which shows how much demand has already been locked in.
The problem is the cost of building fast enough to meet it. CoreWeave guided second-quarter revenue to $2.45 billion to $2.6 billion, below the $2.69 billion consensus at the midpoint.
Net loss widened to $740 million, technology and infrastructure costs jumped 127%, and the company closed the quarter with almost $25 billion in debt after raising $8.5 billion in new debt during the quarter.
That is the tension in the stock. CoreWeave sits in the right market, with the right demand, and major customers lining up for capacity. But the business is capital-hungry, debt-heavy, and now asking investors to accept lighter near-term guidance while spending keeps rising.
My Take For You: The backlog is impressive, but backlog is not cash flow. CoreWeave has to prove it can turn huge demand into profitable scale without drowning shareholders in financing risk.
My Verdict: Avoid this for now. The risk is that rising debt, lower margins, and weaker guidance overwhelm the AI demand story.
Tech Shift (Sponsored)
Confirmed by satellites 300 miles above the Earth's surface...
Elon Musk is rolling out a breakthrough technology that could replace our need for foreign oil and ignite a $10 trillion boom for a small group of stocks.
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Cloud & Cybersecurity
Cloudflare Shows AI Efficiency, but the Market Still Hated the Message
Cloudflare Inc (NYSE: NET) beat the quarter, but the stock sold off because investors focused on what the workforce cuts said about the business.
EPS came in at $0.25, ahead of the $0.23 estimate, and revenue reached $640 million, above the $622 million consensus. Revenue rose 34% year over year, and full-year revenue guidance of $2.805 billion to $2.813 billion narrowly topped expectations.
The issue is that Cloudflare also announced cuts of more than 1,100 employees, or roughly 20% of its workforce, citing the impact of agentic AI on how the company operates.
Management said internal AI usage rose more than 600% in the last three months and framed AI as the company’s biggest tailwind. That may be true, but investors clearly read the announcement as a signal that the operating model is changing faster than expected.
There is a bull case here. Cloudflare is still growing fast, losses are narrowing, and AI-driven efficiency could eventually lift margins. But after a 110% one-year run and a sharp after-hours drop, the market is asking whether this is profitable discipline or a sign that growth expectations were too high.
My Take For You: Cloudflare remains a strong business, but this was not a clean report. The layoffs make the AI efficiency story more complicated than the headline beat suggests.
My Verdict: Wait on this. The risk is that the market keeps punishing expensive software names that cut costs before proving growth can reaccelerate.
Trivia: How much did George Soros make by shorting the British pound on "Black Wednesday" in September 1992?
Movers and Shakers
Akamai Technologies [AKAM]: Premarket Move: +28%
Akamai is ripping because the market finally has a reason to see it as an AI infrastructure stock, not just an old content-delivery name. The company landed a $1.8 billion, seven-year cloud infrastructure deal with a major frontier AI model provider, while Cloud Infrastructure Services revenue grew 40% to $95 million.
The quarter itself was fine, not spectacular. EPS and revenue matched estimates. But this deal changes the forward story, especially with revenue from the contract starting to ramp in Q4.
My Take: Buy it. This deal gives Akamai a real AI infrastructure lane, and the stock should be re-rated higher if management converts the contract into sustained cloud growth.
Block [XYZ]: Premarket Move: +6%
Block is higher because the operating story beat the headline loss. Adjusted EPS came in at $0.85 versus $0.68 expected, gross profit rose 27% to $2.91 billion, and Cash App gross profit jumped 38%. The company also raised full-year guidance, including 19% gross profit growth and $3.85 in adjusted EPS.
Yes, the company posted a $309 million net loss, but that was dragged by a Bitcoin remeasurement hit. The core business performed well.
My Take: Buy the dip, not the spike. Block’s fundamentals are improving, and the market should reward the higher guidance once the Bitcoin noise fades.
HubSpot [HUBS]: Premarket Move: -21%
HubSpot is getting crushed even though the headline quarter looked strong. Revenue rose 23% to $881 million, EPS beat at $2.73, operating margin expanded to 17.8%, and free cash flow hit $154 million. Those are not bad numbers.
The problem is valuation and expectations. This stock still trades at a huge multiple, and investors clearly did not like what they saw in the forward setup. When a high-growth SaaS name beats and still drops more than 20%, the market is telling you the bar was much higher than the print.
My Take: Do not buy this dip yet. HubSpot is a quality company, but the stock is broken short term. Wait for the selling to slow before stepping in.
An Oral Alternative (Sponsored)
One drug company is making nearly $1 billion a year treating a recurring heart condition with a weekly injection - and 82% of eligible patients still aren't on therapy.
Now a small biotech is developing an oral alternative. Its mid-stage trial already showed real, measurable results published in a top medical journal. And its late-stage trial is 75%+ enrolled at Cleveland Clinic, Mayo Clinic, and Mass General.
The market is proven. The unmet need is massive. And late-stage data could be months away.
Read the full breakdown here
This communication is a paid advertisement and is not editorial content, independent research, or an unbiased analysis. Read this disclosure in full before reading the article it accompanies.
Everything Else
💰 Durable dividend stocks are back in focus, as investors look for companies built to keep paying through recessions, inflation spikes, and market turbulence.
🏭 Nvidia is partnering with Corning on AI manufacturing, tying the chip boom more directly to U.S. industrial investment.
☁️ Cloudflare shares are in focus after Q1 earnings and layoffs, as investors weigh growth against cost cuts.
🔐 OpenAI is rolling out GPT-5.5-Cyber to vetted cybersecurity teams, keeping access limited for now.
₿ Coinbase posted a second straight quarterly loss as crypto trading momentum continued to fade.
🛰️ Space analytics firm Hawkeye 360 was valued at $31.5 billion after its NYSE debut, adding another space-data name to the public market.
That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
Best Regards,
— Adam Garcia
Elite Trade Club
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