Sunday, 06:00 UTC. U.S. stock futures point to a positive start for the first week of June, after Wall Street closed May at historic highs across all major indexes.

Dow Jones futures trade near 51,053 (+310 pts, +0.6%), S&P 500 futures around 7,591 (+0.12%), and Nasdaq-100 futures near 30,390 (+0.27%). Liquidity is thinner in extended-hours Sunday trading.

May — A Record Month

The major indexes delivered one of the strongest months of the year. The S&P 500 gained roughly 5% in May and notched eight consecutive weekly gains — the longest streak since late 2023. The Nasdaq Composite surged more than 8%, led by AI stocks, closing near 26,973. The Dow Jones Industrial Average crossed 51,000 for the first time in history.

The rally was fueled by a combination of AI momentum, diplomatic progress with Iran that pushed oil prices lower, and a strong earnings season that continued to surprise to the upside.

Dell Soars 33% in a Single Day — Biggest Gain Ever

Dell Technologies (DELL) delivered the story of the week. The server maker reported Q1 fiscal 2027 revenue of $43.8 billion — up 88% year-over-year and well above the $35.4 billion consensus. AI server revenue surged 757% to $16.1 billion, with an AI backlog of $51.3 billion and $24.4 billion in AI orders. The stock jumped 32.8% on Friday, its largest single-day gain on record.

Super Micro Computer in Focus

AI server maker Super Micro Computer reported strong Q1 results but the stock saw elevated volatility. Analysts continue to track the impact of rising Blackwell server demand alongside deep integration with the NVIDIA ecosystem.

Neowiz (NBIS) and Pure Storage: AI Infrastructure Hot

Nebius Group (NBIS) remains in focus after crossing Wave 3 technical targets, riding AI infrastructure demand. Pure Storage (PSTG) jumped on strong earnings driven by increased adoption of its storage solutions among AI customers.

NVIDIA: Waiting for Jensen in Taipei

NVIDIA (NVDA) closed the month near $214, down from its all-time high of $236 reached in mid-May. The reaction to Q1 earnings — $81.6 billion in revenue (+85% YoY) — was mixed, with a classic "buy the rumor, sell the news" pullback.

The key catalyst this week: Jensen Huang's Computex keynote in Taipei (Sunday evening U.S. time). Expectations include a Vera Rubin architecture reveal, Blackwell updates, agentic AI positioning, and the long-term revenue outlook. Options markets are pricing in roughly 6.5% implied volatility around the event.

Apple at All-Time Highs — WWDC Next

Apple (AAPL) hit an all-time intraday high of $313.26, closing at $312.51 on May 28. Momentum comes from a record quarter (+17% revenue growth), a $100 billion buyback announcement, and anticipation of AI-powered Siri upgrades at WWDC in June.

Macro: Sticky Inflation, Fed on Hold

April PCE data released Thursday showed headline inflation at 3.8% (highest since May 2023) and core PCE at 3.3% — both above the Fed's 2% target. The Fed held rates steady at 3.50%-3.75%. The next FOMC meeting is June 16-17, with expectations of no rate change given persistent inflation.

U.S.-Iran Talks — Oil Declines

Diplomatic efforts between the U.S. and Iran regarding the reopening of the Strait of Hormuz continue. A draft 60-day MOU is on the table but not yet signed. Oil prices fell sharply in May on optimism — Brent trades around $91/barrel, WTI near $87.80. The decline in energy prices has supported equities, particularly non-energy sectors.

Commodities and Crypto

Gold trades around $4,540/oz — steady after recent volatility. Bitcoin hovers near $73,800, range-bound between $73K and $74K with no clear breakout.

The Week Ahead

Beyond Huang's Computex keynote, the week brings May employment data (Payrolls) — the most important economic indicator ahead of the Fed's June meeting. More AI earnings and annual shareholder meetings will provide signals on corporate investment intentions.

Sentiment heading into June is positive but cautious. The market enters the month with strong momentum, optimistic pricing, and geopolitical risks that persist on the horizon — even if currently below their peaks.