Tech stocks today: AI stocks look to add to gains as IPO market heats up

7 hours ago 3

Tue, May 26, 2026 astatine 5:00 AM CDT 1 min read

Tech stocks roseate to commencement the holiday-shortened week arsenic investors looked to the latest mega IPOs and continued to measure what Nvidia’s latest net mean for the artificial quality trade.

Last week, Elon Musk’s rocket institution SpaceX (SPAX.PVT) filed its S-1 IPO prospectus, revealing details of its financials. ChatGPT creator OpenAI (OPAI.PVT) is besides reportedly readying to record for an archetypal nationalist offering successful the coming weeks, and its rival Anthropic (ANTH.PVT) is expected to travel soon with an IPO as aboriginal arsenic this fall.

The 3 mega IPOs are expected to instrumentality the artificial quality commercialized connected Wall Street to caller heights and trial the limits of investors’ appetite for the tech theme, portion the rivalry betwixt OpenAI and Anthropic volition play retired successful a caller arena.

The AI commercialized got a boost past week aft manufacture person Nvidia (NVDA) reported quarterly results that bushed Wall Street expectations and delivered a better-than-expected 2nd 4th outlook.

While archetypal 4th net play has mostly coiled down, a fistful of tech companies study results this week, including Zscaler (ZS), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL).

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'There's mania': Strategists measurement successful connected looming SpaceX IPO

Yahoo Finance’s Ines Ferre reports:

SpaceX is striking portion the AI roar is hot, and its IPO is taking up each the space.
Wall Street digested the $2 trillion valuation that the Elon Musk-led rocket and outer institution seeks aft filing its IPO prospectus past week.
The company's ambitions span from colonizing Mars to creating a web of orbital AI information centers. It sees a full addressable marketplace of $28.5 trillion, mostly coming from AI.
"This is simply a institution that is investing precise heavily, precise dense capex walk into AI infrastructure and into their Starship vehicle, which is going to alteration each of these aboriginal businesses," said Chad Anderson, Space Capital laminitis and CEO. The task superior firm's largest holding is SpaceX (SPAX.PVT).
Nancy Tengler, CEO of Laffer Tengler Investments, which invests successful Tesla (TSLA), said her steadfast is funny successful SpaceX, arsenic 1 of her funds besides owns Planet Labs (PL) and Rocket Lab (RKLB).
"We spot it arsenic additive," she said. "I deliberation yet SpaceX and Tesla merge."

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A SpaceX Falcon Heavy rocket lifts disconnected carrying a NASA spacecraft to analyse the Psyche asteroid from the Kennedy Space Center successful Cape Canaveral, Fla., Oct. 13, 2023. REUTERS/Joe Skipper/File Photo · Reuters / REUTERS