Not every AI-linked stock deserves the same treatment. One name looks like a steadier buy on weakness, one needs time after a major financing plan, and one sharp pullback is starting to look like an entry point for patient investors.
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Futures at a Glance📈
Futures are sliding as Middle East tensions snap back into focus after U.S. strikes against Iran. Tech is under pressure again, with chip stocks extending their recent pullback and Asia mostly lower overnight. Traders are also watching this morning’s CPI report, which could add another layer of volatility if inflation comes in hot.
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What to Watch
Earnings (Premarket):
• Core & Main, Inc. [CNM]
• Chewy, Inc. [CHWY]
• Cheetah Mobile Inc. [CMCM]
• Yuanbao Inc. [YB]
Earnings (Aftermarket):
• Oracle Corporation [ORCL]
• Navan, Inc. [NAVN]
• Anterix Inc. [ATEX]
Economic Reports:
• CPI (May): 8:30 am
• CPI, Y/Y% (May): 8:30 am
• CPI Core, Y/Y% (May): 8:30 am
• Monthly Treasury Balance (May): 2:00 pm
Elite Trade Club Insider
$24 Million In Insider Selling Just Hit Two Growth Winners
You’re looking at two high-expectation stocks that have already rewarded investors over the past year. One is a cybersecurity leader still up nearly 38% despite a sharp weekly pullback. The other is a genetic testing name sitting near the upper end of its 52-week range. But Elite Trade Club Insider readers are seeing the more important question: where directors and executives are using strength to turn equity into cash.
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Utilities
Entergy Makes The AI Power Bill Argument
Entergy Corp (NYSE: ETR) is trying to turn the AI power panic into a utility growth story investors can actually live with. CEO Drew Marsh pushed back on fears that data centers will dump new costs onto regular households, pointing to Entergy’s Fair Share Plus framework for large customers.
The key number is $7 billion. Entergy says the structure should generate roughly that much in savings for existing customers over the 15 to 20-year life of the contracts. Data center operators pay the incremental infrastructure costs needed to serve them, then chip in toward fixed costs like overhead and storm expenses that residents already carry.
That matters because Entergy sits in the middle of one of the market’s biggest questions: who pays for the AI grid buildout? The stock is up 33% over the past year, trades around 28 times earnings, and still yields 2.33%.
That is not cheap for a utility, but the setup is cleaner if AI demand turns into customer-funded infrastructure instead of political backlash.
My Take For You: Entergy is one of the cleaner non-chip AI power plays, especially if its data center contracts protect households from footing the bill.
My Verdict: Buy on pullbacks. Do not chase it near highs, but this belongs on the AI infrastructure list for investors who want steadier exposure.
Technology
Super Micro Computer Raises Cash While AI Demand Keeps Pulling Hard
Super Micro Computer Inc (NASDAQ: SMCI) just gave investors the classic AI trade-off: huge demand, fresh dilution, and a stock that immediately got punched after hours. The company plans to raise $7 billion through equity and equity-linked offerings to fund component purchases for AI server orders.
The demand side is not small. Super Micro says it needs the cash to fulfill about $39 billion in orders from more than 20 customers. That is the bull case in one sentence. AI infrastructure spending is still ripping, and Super Micro remains one of the more direct server plays tied to that buildout.
The problem is the financing. The package includes about $3.75 billion in depositary shares, $1.25 billion in common stock, and up to $2 billion through an at-the-market offering starting no earlier than the third quarter.
Shares fell about 8% in extended trading because investors hate dilution, even when the reason is growth. This is a company raising money to chase demand, not patch a dead business, but the market still wants proof that margins and execution hold up.
My Take For You: Super Micro is raising cash because demand is big, not because the business is broken, but shareholders still have to absorb dilution first.
My Verdict: Buy the post-financing dip only if you can handle volatility. The $39 billion order book keeps the bull case alive, but this is not a sleep-well-at-night stock.
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Cybersecurity
CrowdStrike Holdings Gets A Rough Pullback With A Stronger Long-Term Case
CrowdStrike Holdings Inc (NASDAQ: CRWD) has had a rough five days, with the stock down 15.68% after a sharp run earlier this year. That kind of drop hurts if you already own it, but it also creates the pullback some investors were waiting for.
The new catalyst is not a product launch. It is a reminder that the cybersecurity threat backdrop keeps getting worse. CrowdStrike said China-linked hackers were the biggest espionage threat to technology companies over the past year, with tech once again the most targeted industry by foreign governments and cybercriminals.
The report covered April 1, 2025 through March 31, 2026, right as AI investment turned major labs, semiconductor firms, software companies, and infrastructure providers into higher-value targets.
The stock is still not cheap. CrowdStrike trades around a $164 billion market cap, has no dividend, and remains below its 52-week high of $785.66 after closing at $644.93.
But the investment case is straightforward: AI makes cyber risk bigger, not smaller. When attackers go after the most valuable technology assets, companies spend to protect them.
My Take For You: The 16% five-day drop gives patient investors the pullback they were waiting for in a company tied directly to rising AI-era cyber risk.
My Verdict: Start buying in stages. Valuation is the main risk, but the cybersecurity demand story is too strong to sit out completely.
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Movers and Shakers
Mechanics Bancorp [MCHB]: Premarket Move: +6%
Mechanics Bancorp is moving higher as investors revisit the regional bank after recent weakness. The stock had been trading below analyst fair value estimates, with one valuation view pointing to about $16.50 versus a recent close near $15.
The setup is not flashy, but it is straightforward. A possible auto loan portfolio runoff or sale, plus repricing of lower-yielding assets, could help improve net interest margin over time.
My Take: Buy the weakness. Mechanics is a quieter name, but the valuation is still reasonable and the margin story has room to improve.
Summit Therapeutics [SMMT]: Premarket Move: -8%
Summit is dropping after launching a $500 million common stock offering, with underwriters getting an option for another $75 million. The company plans to use the cash to fund ivonescimab development, working capital, and general corporate needs.
That funding matters, but the timing hurts. The stock is already near its 52-week low, and new equity adds dilution before investors have full confidence in the global trial setup.
My Take: Wait. Summit has a real oncology asset, but this is not the dip to buy until the offering price sets a floor.
Wolfspeed [WOLF]: Premarket Move: -7%
Wolfspeed is falling after filing to register about 24.1 million shares for potential sale by existing stockholders. The company will not receive proceeds, but the market is still treating it as future selling pressure.
After a massive rebound over the past year, investors are sensitive to anything that adds supply to the market. The filing does not mean all shares will be sold immediately, but it creates an overhang.
My Take: Do not buy this dip yet. Wolfspeed has momentum, but the share overhang needs to clear before the setup gets cleaner.
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Everything Else
📈 IPO buzz is starting earlier than ever, as investors look past the public debut and toward the private deals already signaling which 2026 listings may be the hottest on Wall Street.
🚀 SpaceX’s IPO plans are getting another close look as investors try to pin down the stock price, timing, and what the listing could actually look like.
📉 Asia’s AI trade cooled again as SoftBank, Samsung, and SK Hynix got pulled into a broader tech-stock slide.
🛢️ BP’s boardroom pressure is building as questions around energy strategy and leadership direction keep piling up.
🤖 China Inc. is leaning on quiet layoffs while Beijing keeps pushing companies toward faster AI adoption.
🚗 BYD’s chairman says the company can become the world’s biggest automaker within five years, even as shares slipped.
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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