5 Things to Watch on
May 6, 2026

Stocks are surging today, up more than +0.7% in premarket trading as investor sentiment improved immensely on hopes of easing U.S.-Iran tensions. Gold is up more than +2% while oil prices are down more than -7%, with Brent crude falling below $100 a barrel for the first time since late April.

Advanced Micro Devices (AMD) is up more than +15% in premarket trading after Q1 EPS of $1.37 and revenue of $10.3B both topped estimates of $1.28 and $9.9B. Data Center revenue was the standout at $5.8B, up +57% YoY, powered by MI-series AI accelerators and EPYC processors. AMD guided Q2 revenue to $11.2B, well above the $10.5butB consensus, and CEO Lisa Su raised her server CPU market outlook, projecting +35% annual growth toward $120B by 2027.

Uber Technologies (UBER) is up +10% in premarket trading after Q1 gross bookings rose +25% YoY to $53.7B, topping the $52.9B consensus, with EBITDA climbing +33% to $2.5B. Revenue of $13.2B narrowly missed estimates but income from operations surged +57% to $1.9B. For Q2, UBER guided to $57B in gross bookings and $2.75B in EBITDA, both above expectations. Rival Lyft (LYFT) gained +4% in sympathy.

Walt Disney (DIS) is up +5% in premarket trading after Q1 results topped expectations across Entertainment, Experiences, and Sports. EPS came in at $1.57, above the $1.50 estimate, while total segment operating income of $4.6B beat the $4.4B consensus and grew +44% YoY. For FY26, DIS guided to ~$5.3B in segment operating income and +12% EPS growth to $6.64, with a target of at least $8B in buybacks.

Super Micro Computer (SMCI) soared +19% in extended trading yesterday after Q3 EPS of $0.84 crushed the $0.63 estimate, though revenue of $10.2B fell well short of the $12.5B consensus. Q4 guidance called for $11.8B in revenue and EPS of $0.72 at midpoints, both above expectations, with full-year revenue trimmed slightly to $39.7B. Management touted rapid U.S. manufacturing expansion and its transformation into a full datacenter infrastructure provider.