5 Things to Watch on
May 22, 2026

Stocks are up more than +0.3% in premarket trading today as investors grow optimistic about President Trump's push to keep the U.S. ahead in AI and hopes for a diplomatic resolution to U.S.-Iran tensions. The White House will also be hosting the swearing-in of Kevin Warsh as Federal Reserve chair today.

The House Oversight Committee has launched an investigation into Kalshi and Polymarket over how the platforms prevent insider trading, sending document requests to both CEOs. Committee Chair James Comer's letters ask each platform to detail identity verification practices, geographic restrictions, and anomalous trading detection. The probe reflects growing concern that government insiders may be exploiting sensitive information to profit from bets on political and military outcomes.

Take-Two Interactive (TTWO) is up more than +5% in premarket trading after the company beat Q1 expectations and confirmed Grand Theft Auto 6 launches November 19. FY27 guidance came in below consensus, but analysts called it overly conservative and maintained Buy ratings and $300 price targets, citing GTA 6's scale and a growing base of high-margin recurring revenue from GTA Online 2.0, GTA+ subscriptions, and mobile.

Quantum computing shares surged yesterday after proposed Commerce Department funding awards under the CHIPS and Science Act lifted quantum companies, with most extending gains in premarket today. The rally coincides with growing focus on "Q-Day," when quantum computers could break the encryption securing crypto wallets and blockchain networks. It is estimated that 30% of Bitcoin's (BTC) supply is at risk. Google (GOOGL), RippleX, and Circle (CRCL) are each targeting post-quantum cryptography transitions by 2028-2029.

Zoom Communications (ZM) is up +8% in premarket trading after posting Q1 results that beat on both lines and lifting full-year revenue guidance to $5.08B-$5.09B, slightly above consensus. Enterprise grew +7.2% YoY and AI Companion paid users rose +184% YoY, pointing to early returns on the company's AI push. Analysts were broadly constructive, raising price targets on growing confidence in the AI story, though more cautious voices noted full-year revenue growth remains in the mid-single digits and a multiple re-rating likely requires sustained acceleration from Zoom Phone and ZCX.