Wednesday, May 27, 2026 — Market close + after-hours
Surged to a session high of $638.50, continuing the May rally (+18% for the month). Broad risk-on sentiment plus continued AI monetization narrative driving flows. META is now well above your planned exit zone.
Q1 FY27 results just dropped. Revenue $2.418B (record, beat $2.41B consensus). Non-GAAP EPS $0.80 (in-line). The real story is the guidance:
| Metric | Actual / Guided | Consensus | Signal |
|---|---|---|---|
| Q1 Revenue | $2.418B | $2.41B | Beat |
| Q1 EPS (non-GAAP) | $0.80 | $0.80 | In-line |
| Q2 Revenue Guide | $2.7B | ~$2.5B | Well above |
| Q2 EPS Guide | $0.93 | ~$0.90 | Above |
CEO Matt Murphy raised both FY27 and FY28 outlook, citing "exceptional AI-related bookings" across 800G/1.6T optics, 51.2T Ethernet switches, scale-up optical, DCI modules, and custom XPU solutions. Revenue growth accelerating each quarter. Record operating cash flow of $638.8M.
The stock fell -4.6% during regular hours (classic sell-the-news after a +12% two-day run into earnings), but is recovering +4.4% in after-hours on the guidance beat.
Pulled back to session low of $1,583, part of the broader chip sector retreat today (SMH -1.1%). ASML ran +12% in the past month and is now trading 6% above the Street consensus PT of $1,504. Intraday range was wide: $1,583 to $1,639.
Bucked the semi pullback to close strongly. Range: $415.38 to $430.55. The MRVL earnings guidance (Q2 $2.7B, +35% YoY) is a direct positive for TSMC as the primary foundry partner for custom AI silicon. TSM 52-week high is $2,345 (ADR split-adjusted).
| Ticker | Close | Day | Note |
|---|---|---|---|
| META | $635.26 | +3.74% | May rally continues, rotation exit window |
| AMZN | $271.85 | +2.47% | Snowflake $6B deal; near 52w high |
| TSLA | $440.36 | +1.56% | Quiet day, holding gains |
| AAPL | $310.85 | +0.82% | Near 52w high of $311.82 |
| GOOGL | $388.83 | Flat | Consolidating near highs |
| MSFT | $412.67 | -0.81% | Mild pullback, nothing notable |
| NVDA | $212.60 | -1.05% | Chip rotation out; analyst PT ~$304 |
| Ticker | Close | Day | Note |
|---|---|---|---|
| TSM | $422.73 | +2.52% | Foundry strength, MRVL read-through |
| AVGO | $421.86 | Flat | Holding near highs; range $416-$433 |
| ASML | $1,597.87 | -2.09% | Profit-taking; above consensus PT |
| CRWV | $104.27 | -1.53% | Continues to bleed. Stay away confirmed. |
Dow set a fresh record high. S&P 500 and Nasdaq were roughly flat after setting all-time highs yesterday. The market narrative is split: Iran deal confusion (White House contradicted draft reports midday, trimming morning gains), offset by strong consumer data and continued AI infrastructure spending signals.
Chip stocks saw a clear rotation -- SMH (VanEck Semiconductor ETF) fell -1.1% while megacap tech held up. This is the kind of "healthy digestion" that creates entry points in an ongoing bull trend, not a regime change.
Snowflake +25% after announcing a $6B Amazon deal -- not on your list but another signal that hyperscaler AI/data spending is accelerating.
MRVL conference call reactions will set the semi tone for tomorrow's open. If the after-hours +4.4% holds, expect a green open for NVDA, TSM, AVGO. If guidance commentary disappoints on the call (margin pressure, China exposure), semis could extend today's weakness.
Salesforce (CRM) and PDD also reporting after close today -- CRM results could move broader enterprise/cloud sentiment.
Iran deal developments remain a wildcard for overall risk appetite.
Three things matter tonight: (1) META at $635 makes your exit richer every day you wait, but the risk of a reversal grows too -- 18% in a month is a lot of altitude to give back. (2) MRVL's blowout Q2 guide ($2.7B, +35% YoY) is the strongest AI infrastructure signal in weeks, validating the entire semi supply chain thesis. (3) ASML's -2% dip isn't deep enough yet for a rotation entry, but keep it on short notice if the chip pullback extends.
The big question remains: have you pulled the trigger on any part of the rotation? META keeps running, and the semi targets (NVDA $213, TSM $423, ASML $1,598) are all in play. The MRVL earnings could give semis a bid tomorrow -- which means your entry prices might move up.
Amika · Post-Market Wrap · May 27, 2026