{"id":62358,"date":"2026-05-26T06:07:19","date_gmt":"2026-05-26T10:07:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-ai-stocks-surge-as-nasdaq-leads-market-gains-micron-and-zscaler-in-focus\/62358\/"},"modified":"2026-05-26T06:07:19","modified_gmt":"2026-05-26T10:07:19","slug":"tech-and-ai-stocks-surge-as-nasdaq-leads-market-gains-micron-and-zscaler-in-focus","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-ai-stocks-surge-as-nasdaq-leads-market-gains-micron-and-zscaler-in-focus\/62358\/","title":{"rendered":"Tech and AI Stocks Surge as Nasdaq Leads Market Gains; Micron and Zscaler in Focus"},"content":{"rendered":"

The U.S. stock market opened Tuesday, May 26th, 2026, with a clear appetite for risk, driven by a resurgence in technology and artificial intelligence sectors. Following a period of consolidation, investors returned to the fray with a focus on high-growth names and semiconductor giants. Premarket<\/a> trading activity signaled a bullish bias early on, with futures for the tech-heavy Nasdaq leading the way, a trend that has solidified as the morning session progresses.<\/p>\n

Major Market Indexes Performance<\/h2>\n

As of the current session, the major market indexes are showing broad-based gains, though the performance remains bifurcated across sectors. The Invesco QQQ Trust (QQQ<\/a>), which tracks the Nasdaq 100, is the standout performer with a gain of 1.03%. This move is closely mirrored by small-cap stocks, with the iShares Russell 2000 ETF (IWM<\/a>) rising 1.01%, suggesting that risk-on sentiment is trickling down to smaller companies.<\/p>\n

The broader State Street SPDR S&P 500<\/a> ETF Trust (SPY<\/a>) is up 0.65%, while the blue-chip heavy State Street SPDR Dow Jones<\/a> Industrial Average ETF Trust (DIA<\/a>) trails slightly with a 0.45% increase. The divergence highlights a preference for growth over value in today\u2019s session. Meanwhile, the "fear gauge" or the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX<\/a>) has retreated by 2.71%, indicating a decrease in perceived market volatility.<\/p>\n

Sector Highlights and AI Momentum<\/h2>\n

The primary catalyst for today\u2019s upward trajectory is the explosive growth in AI-related themes. The Defiance Quantum ETF (QTUM<\/a>) has surged 3.2%, and the iShares A.I. Innovation and Tech Active ETF (BAI<\/a>) is up 3.13%. This momentum is further supported by the VanEck Semiconductor ETF (SMH<\/a>), which is trading 2.11% higher.<\/p>\n

In contrast, the energy sector is facing significant headwinds. The United States Oil Fund, LP (USO<\/a>) has plummeted 3.92%, dragging down the State Street Energy Select Sector SPDR ETF (XLE<\/a>) by 1.06%. This weakness in crude prices is providing a disinflationary tailwind but weighing heavily on oil majors and exploration companies.<\/p>\n

Major Stock News and Premarket Movers<\/h2>\n

Micron Technology, Inc. (MU<\/a>) is among the most active stocks today, jumping 5.9% to a price of $749.86 on heavy dollar volume. The move comes amid continued optimism regarding memory chip demand for AI servers. In the biotech space, BiomX Inc. (PHGE<\/a>) witnessed a staggering premarket<\/a> rally of 124.8% on unusual volume, while Artelo Biosciences, Inc. (ARTL<\/a>) climbed 67.1%.<\/p>\n

On the earnings front, AutoZone, Inc. (AZO<\/a>) reported its Q3 2026 results before the opening bell. With a market cap of $58.7B and an estimated EPS of 36.14, the retail giant's performance is being closely watched as a barometer for consumer discretionary spending. Later today, after the market close, the cybersecurity firm Zscaler, Inc. (ZS<\/a>) is scheduled to report its Q3 earnings, with investors looking for a projected EPS of 1.01.<\/p>\n

Other notable movers include Momentus Inc. (MNTS<\/a>), up 33.6%, and Harmonic Inc (HLIT<\/a>), which gained 27.6%. Conversely, Akari Therapeutics plc (AKTX<\/a>) struggled, falling 24.2% in early activity.<\/p>\n

Upcoming Market Events<\/h2>\n

The remainder of the week is packed with high-impact events. Tomorrow, Wednesday, May 27th, will be a pivotal day for the software and retail sectors. Salesforce, Inc. (CRM<\/a>) and Snowflake Inc. (SNOW<\/a>) are both set to report earnings after the close, alongside Marvell Technology, Inc. (MRVL<\/a>). In the morning, PDD Holdings Inc. (PDD<\/a>) and Dick's Sporting Goods, Inc. (DKS<\/a>) will provide insights into the global and domestic retail landscape.<\/p>\n

Investors are also keeping a close eye on the fixed-income market. The iShares 20+ Year Treasury Bond ETF (TLT<\/a>) is currently up 0.69%, suggesting a slight decline in long-term yields as the market anticipates upcoming economic data that may influence the Federal Reserve's next policy decision. With the tech sector's sensitivity to interest rates, any shift in the "higher for longer" narrative remains a critical variable for the S&P 500 and Nasdaq Composite.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. stock market opened Tuesday, May 26th, 2026, with a clear appetite for risk, driven by a resurgence in […]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94,6824],"tags":[95,311,1666,3710,3935,4380,4383,5027],"class_list":["post-62358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","category-featured","tag-nasdaq","tag-mu","tag-azo","tag-federal-reserve","tag-zs","tag-stock-market","tag-artificial-intelligence","tag-semiconductors"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=62358"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/62358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=62358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=62358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=62358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}