Market Digest: NVDA, LEA, ETSY, HLN

Argus

•

May 21, 2026

Summary

Stocks saw a bully snapback rally connected Wednesday. Crude lipid (WTI) was smacked, falling 5.5% to $98.50/barrel, portion Brent lipid dropped astir the aforesaid to $105/barrel. That took a batch of unit disconnected the enslaved market, arsenic the 10-year Treasury output declined 9.5 ground points (bps), the 5-year fell 10.5 bps, and the 2-year dropped 8 bps. So for a time anyway, everything was backmost to normal. The AI complaint reasserted itself, led by semiconductor stocks. MU popped 5%, AMD 8%, ASML 6%, INTC and LRCX 7%, and ARM 15%. The hottest spot names travel from the representation and retention areas, and the timing of the Roundhill Memory ETF (DRAM, which began trading 4/2) has been a changeable of genius, truthful far. Assets nether absorption (AUM) for caller ETFs mostly are nominal. But wealth has poured into this ETF, which present has an AUM of astir $10 billion. And caller funds spell close into the stocks successful the ETF, making an already blistery country sizzle. From its 4/2 close, DRAM had rocketed 98% astatine its caller precocious connected May 11. Indeed, momentum investing is the large self-fulfilling prophecy: higher prices pull much mone