Stocks

In one of the most breathtaking market spectacles since the dawn of the artificial intelligence infrastructure boom, SanDisk Corporation (NASDAQ: SNDK) has taken center stage in the global technology sector. Following its strategic spin-off from Western Digital in early 2025, SanDisk has engineered a staggering 12-month rally of over 3,300%, closing at $1,478.68 on May 22, 2026.

Advanced Micro Devices, Inc. (NASDAQ: AMD) sent shockwaves through the semiconductor sector on May 22, 2026, with its stock rallying 3.99% to close at an all-time high of $467.51. The surge caps off a monumental 118.3% year-to-date run, catapulting AMD’s market capitalization into territory once deemed unreachable for the perpetual underdog.

Marvell Technology, Inc. (NASDAQ: MRVL) has emerged as one of the fiercest momentum plays in the semiconductor sector, with its stock staging a meteoric 130% year-to-date run to close at $196.33 on May 23, 2026. Boasting a massive 1-year total shareholder return of 224.37% and a market capitalization exceeding $170 billion, Marvell has outperformed the broader Philadelphia Semiconductor Index (SOX).

The US Securities and Exchange Commission has reportedly delayed publishing a proposal that would let platforms trade tokenized stocks under an "innovation exemption". The plan would require token platforms to ensure investors receive traditional shareholder rights such as dividends and voting, but market participants raised implementation concerns, including unauthorized token issuance and ownership verification on blockchains.

Michael Saylor said on May 24, 2026 that Strategy is temporarily putting Bitcoin purchases on hold while it redirects capital toward debt instruments. The company reported holdings of 84,738 BTC worth about $64.45 billion and said it is also working on balance-sheet actions including a $1.5 billion convertible bond buyback tied to notes due in 2029.

Michael Burry said this week that the U.S. could drift toward a “Snow Crash cyber-punk future” as the SEC prepares rules that may allow crypto platforms to trade tokenized versions of U.S. stocks. He published the warning in a May 19 post on his Substack “Cassandra Unchained,” and later added that regulators should avoid “opening scary doors.” The SEC proposal was reported May 18 and was later paused on May 22, 2026.

BitMine purchased an additional 60,000 ETH worth about $126 million while Ethereum traded near $2,000, taking its holdings to more than 5.2 million ETH valued at roughly $11.1 billion. The buy came as BitMine appeared on a preliminary list for the 2026 Russell 3000 reconstitution, with FTSE Russell's initial data dated May 22 and changes set to take effect at the end of June.

On May 21, Asia-Pacific equities climbed after Nvidia’s record quarterly results lifted regional tech shares, with Japan and South Korea leading while China and India lagged. Japan’s Nikkei 225 closed at 61,684.14 (+3.14%) and South Korea’s Kospi finished at 7,815.59 (+8.42%), as SoftBank rose nearly 20% and Samsung gained 8.5% following a labor dispute resolution.

Bitmine Immersion Technologies increased its Ethereum position by buying $125.9 million in ETH (60K tokens) as ETH traded around $2K after a nearly 15% May decline. LSEG also confirmed Bitmine will appear on the preliminary Russell 3000 Index list ahead of the June rebalancing, a step that could place the stock into Russell 3000-tracking ETFs if it is accepted at the end of June.

Bitcoin fell below $77,000 over the past 24 hours, pressuring treasury-linked stocks such as MicroStrategy (MSTR), which dropped about 3% as risk-off sentiment spread. Peter Schiff criticized MSTR on X over its roughly $64 billion Bitcoin exposure, while the BTC/gold backdrop and Bitcoin ETP flows continued to show relative strength versus gold.