- Tesla's Elon Musk, Apple's Tim Cook among CEOs set to join Trump on China trip
May 11, 2026
The White House on Monday released a list of 16 top executives invited to join President Trump on his trip to China this week.
The president is set to depart Tuesday for Beijing for a series of meetings expected to last through Friday that will likely touch on issues like increasing AI communication and managing trade.
The list released Monday includes many CEOs with direct business before China. Kelly Ortberg of Boeing (BA) is expected to be along for the trip as additional purchases by China of Boeing planes and engines are widely expected to be announced this week.
Likewise, agricultural giant Cargill will be represented by CEO Brian Sikes, with Chinese agriculture purchases also a topic of discussion.
The inclusion of Elon Musk of Tesla (TSLA) is also sure to garner intense focus after his high-profile fallout with Trump last year — even as the world’s richest man has appeared alongside Trump multiple times in recent months.US President Donald Trump shakes hands with Chinese President Xi Jinping as they hold a bilateral meeting at Gimhae International Airport on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. (REUTERS/Evelyn Hockstein)·Reuters / REUTERS
Notably absent from the attendees is Nvidia’s (NVDA) Jensen Huang, who is not expected to be in attendance even as China has angled for access to the chipmaker’s leading-edge Blackwell chips.
Huang’s lack of attendance may stem from worries among more hawkish national security leaders in the White House regarding his willingness to push Trump toward opening up the Chinese market, said Henrietta Levin, senior fellow at CSIS and the director for China under the Biden administration’s National Security Council.
The expected list of this week’s attendees, while significant, is also a smaller contingent compared with the groups accompanying Trump on some recent trips.
It was one year ago that Trump traveled to the Middle East and crossed paths with about 60 CEOs while he was there during stops that featured a heavy focus on dealmaking from Saudi Arabia to Qatar to the United Arab Emirates.
The current headcount is also scaled back from Trump’s last visit to Beijing in 2017, during his first term, when the US leader was accompanied by 29 business leaders.Nvidia founder and CEO, Jensen Huang, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Patrick T. Fallon / AFP via Getty Images)·PATRICK T. FALLON via Getty Images
The tightened headcount may come from a schism within the White House between Trump’s personal instinct for “unfettered, enthusiastic” dealmaking with China and administration officials who are more hawkish on national security and don’t want to see US business interests further tied up with Beijing, Levin told Yahoo Finance.
This time around, the White House has tried to downplay expectations for major new deals and investment. A senior US official told reporters on Sunday that “there’s not a proposal out there for some massive investment” from China to the US, saying it “has not been on the negotiating table.”
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Here’s the full delegation list, according to a White House official:
Tim Cook of Apple (AAPL) Larry Fink of BlackRock (BLK) Stephen Schwarzman of Blackstone (BX) Kelly Ortberg of Boeing Brian Sikes of Cargill Jane Fraser of Citi (C) Jim Anderson of Coherent (COHR) Larry Culp of GE Aerospace (GE) David Solomon of Goldman Sachs (GS) Jacob Thaysen of Illumina (ILMN) Michael Miebach of Mastercard (MA) Dina Powell McCormick of Meta (META) Sanjay Mehrotra of Micron (MU) Cristiano Amon of Qualcomm (QCOM) Elon Musk of Tesla Ryan McInerney of Visa (V)
Cisco (CSCO) CEO Chuck Robbins had been invited, according to the White House, but the company said he is unable to attend due to the company’s earnings schedule.
Ben Werschkul is Washington correspondent for Yahoo Finance covering economic policy and the intersection of financial issues and the nation's capital. He has covered Washington for over 20 years as a reporter and video producer, working previously at the New York Times and CNN.
Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Ben Werschkul is a Washington correspondent for Yahoo Finance.
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- Sector Update: Tech Stocks Rise Late Afternoon
May 11, 2026
Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR E
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- Musk, Cook Set to Join Trump for Xi Summit, White House Says
May 11, 2026
(Bloomberg) -- The White House is inviting Tesla Inc.’s Elon Musk, Apple Inc.’s Tim Cook and Boeing Co.’s Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week, according to an official.
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Goldman Sachs Group Inc.’s David Solomon, Blackstone Inc.’s Stephen Schwarzman, BlackRock Inc.’s Larry Fink, Citigroup Inc.’s Jane Fraser and Meta Platforms Inc.’s Dina Powell McCormick are also on the list of those expected to join Trump’s delegation for his summit with his Chinese counterpart Xi Jinping, a White House official said.
The group of more than a dozen top executives is joining Trump for a visit that the US president hopes will unlock a series of business deals and purchase agreements with Beijing. It is comprised mostly of representatives of major financial, technology, aerospace and agricultural firms.
Larry Culp of General Electric Co., Brian Sikes of Cargill Inc., Sanjay Mehrotra of Micron Technology Inc. and Cristiano Amon of Qualcomm Inc. are also expected to attend, the official said. Rounding out the list is Visa Inc.’s Ryan McInerney, Mastercard Inc.’s Michael Miebach, Illumina Inc.’s Jacob Thaysen and Coherent Corp.’s Jim Anderson.
Tesla shares jumped as much as 1.3%, reversing losses of about 2.7% earlier in the session, and Coherent stock sharply extended gains. Shares of Illumina, GE, Boeing, Cisco, Visa, Mastercard and Apple all hit session highs following the White House announcement.
Chuck Robbins of Cisco Systems Inc. appeared on the White House official’s list but a company spokesperson said later he would be unable to accept the invitation, citing upcoming earnings.
Boeing is said to be closing in one of the largest sales in its history, a 500-aircraft order for 737 Max jets set to be unveiled when Trump travels to Beijing, according to people familiar with the matter. Ortberg said last month the order has the potential to be a “big number.”
Tesla, Apple, Micron, Qualcomm and Coherent did not immediately respond to requests for comment. Meta declined to comment.
The delegation does not include Jensen Huang, chief executive officer of Nvidia Corp., the world’s most valuable company and maker of the advanced chips powering the global AI boom, according to a person familiar with the matter. His exclusion marks a potential setback for Nvidia in its bid to export its AI processors to China, a market that Huang has said could reach $50 billion in sales.
Story Continues
The company had no comment. Huang said last week on CNBC he would join the delegation if invited.
Electric Cars
China is the world’s largest car market and a crucial one for Tesla. The electric-vehicle maker is working to stabilize its business in China as it contends with fierce competition from homegrown manufacturers such as BYD Co. Vehicle shipments last month from Tesla’s Shanghai factory, which serves both the local and export markets, climbed 36% from a year earlier.
The company hopes to get a boost later this year from the possible approval of its automated-driving technology by Chinese regulators.
--With assistance from Maggie Eastland, Jordan Fitzgerald and Richard Clough.
(Updates with Robbins’ inability to attend in sixth paragraph)
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- Trump Calls US-Iran Strike A 'Love Tap' As Fire Exchanged Near Strait Of Hormuz; Brent Climbs Above $102
May 11, 2026
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On Thursday, U.S. and Iranian forces exchanged fire near the Strait of Hormuz. While oil prices went up, President Donald Trump downplayed the confrontation as a "love tap."
Oil Prices Surge On Strait Of Hormuz Risk
Dow futures rose 24.00 points, or 0.05%, to 49,724.00, while S&P 500 futures gained 6.50 points, or 0.09%, to 7,369.50 and Nasdaq 100 futures added 45.50 points, or 0.16%, to 28,727.75 as of 8:35 p.m. EDT.
In commodities, WTI crude oil climbed 2.14% to $96.84 per barrel, while Brent crude advanced 2.41% to $102.47 per barrel as of 1:36 a.m. BST.
Natural gas futures rose 0.65% to $2.787 per MMBtu.
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Meanwhile, the U.S. dollar index stood at 98.252, down 0.01% as of 06:16 GMT+5:30.
In Asia, Japan’s Nikkei 225 slipped 0.56% to 62,482.41, while South Korea’s KOSPI fell 1.89% to 7,348.75.
US-Iran Clash Erupts Near Critical Oil Chokepoint
In a post on X, U.S. Central Command said Iran deployed missiles, drones and small boats targeting three U.S. Navy destroyers.
The U.S. responded with strikes on Iranian missile and drone sites and other related military positions.
"CENTCOM does not seek escalation but remains positioned and ready to protect American forces," the command said.
https://t.co/FY4zUn9fYh
— U.S. Central Command (@CENTCOM) May 7, 2026
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Iran also warned it would respond to any attack, with a military spokesperson saying the U.S. and its allies would face a forceful and immediate response to any aggression, Reuters reported.
The country's Press TV later reported that calm had returned after hours of clashes near the Strait of Hormuz.
The two sides have intermittently exchanged fire since the April 7 ceasefire.
Trump Downplays Tensions As ‘Love Tap'
Speaking to an ABC reporter, Trump referred to the exchange as "just a love tap," according to a social media post by the journalist. He also added that the ceasefire was still in effect and ongoing.
President Trump tells me in a phone call the retaliatory strikes against Iranian targets are just a "love tap."
"It's just a love tap."
When I asked if it means the ceasefire is over.
"No, no, the ceasefire is going. It's in effect."
— Rachel Scott (@rachelvscott) May 7, 2026
See Also: Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.
Trump also took to Truth Social and said that three U.S. destroyers leaving the Strait of Hormuz came under fire but were unharmed, adding that Iranian attackers and several small boats were "destroyed."
Story Continues
He urged Iran to accept a deal, warning of stronger U.S. action if no agreement is reached quickly. "We'll knock them out a lot harder, and a lot more violently, in the future, if they don't get their Deal signed, FAST."
Source: Truth Social
Earlier, Washington proposed a framework to end the conflict but excluded key demands for Iran to halt its nuclear program and reopen the Strait of Hormuz, a major global oil route. Iran said it was still reviewing the proposal.
Photo: Rawpixel.com / Shutterstock.com
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- Which Is the Better ETF for Growth Stocks, Vanguard's VONG or iShares' IWO?
May 11, 2026
The Vanguard Russell 1000 Growth ETF(NASDAQ:VONG) focuses on large-cap leaders with lower costs, while the iShares Russell 2000 Growth ETF(NYSEMKT:IWO) targets smaller, more volatile growth companies with higher recent returns.
Investors seeking growth often choose between the stability of dominant large-cap leaders and the high-octane potential of smaller firms. While both funds target growth characteristics, their market cap focus leads to different volatility profiles. This comparison examines how a large-cap growth powerhouse matches up against a small-cap growth specialist, looking at whether higher recent returns justify the additional risk.
Snapshot (cost & size)
Metric VONG IWO Issuer Vanguard iShares Expense ratio 0.06% 0.24% 1-yr return (as of May 6, 2026) 32.6% 41.3% Dividend yield 0.4% 0.4% Beta 1.15 1.46 AUM $50.6 billion $14.3 billion
Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
The Vanguard fund is significantly more affordable, maintaining an expense ratio of 0.06% compared to the 0.24% charged by the iShares fund. This 0.18 percentage point gap means the iShares fund costs four times as much annually as its large-cap counterpart, which can impact total returns over long horizons. Both ETFs offer an identical trailing-12-month distribution yield of 0.4%.
Performance & risk comparison
Metric VONG IWO Max drawdown (5 yr) (32.7%) (40.5%) Growth of $1,000 over 5 years (total return) $1,974 $1,294
The iShares Russell 2000 Growth ETF provides exposure to 1,093 small-cap stocks, focusing on healthcare at 25%, technology at 22%, and industrials at 21%. Its largest positions include Bloom Energy(NYSE:BE) at 3.71%, Credo Technology Group(NASDAQ:CRDO) at 1.79%, and Sterling Infrastructure(NASDAQ:STRL) at 1.38%. Launched in 2000, it has a trailing-12-month dividend of $1.51 per share and tracks smaller firms with high growth potential but often less established track records.
In contrast, the Vanguard Russell 1000 Growth ETF takes a more concentrated approach with 394 stocks, leaning heavily into technology at 51%, consumer cyclical at 13%, and communication services at 12%. Top holdings include NVIDIA(NASDAQ:NVDA) at 12.90%, Apple(NASDAQ:AAPL) at 11.61%, and Microsoft(NASDAQ:MSFT) at 8.80%. Launched in 2010, the fund has paid $0.56 per share over the trailing 12 months and emphasizes dominant large-cap firms that often have greater access to capital and more stable cash flows.
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For more guidance on ETF investing, check out the full guide at this link.
What this means for investors
Investors seeking growth stocks can look to the iShares Russell 2000 Growth ETF (IWO) and Vanguard Russell 1000 Growth ETF (VONG) as an efficient way to gain this exposure. Deciding which to invest in comes down to a few key factors.
VONG seeks robust returns by targeting large-cap growth U.S. stocks. Since these are often found in the tech sector, this ETF is heavily weighted in that direction. While its one-year return isn’t as great as IWO’s, VONG’s focus on large caps contributed to its lower beta and max drawdown, since smaller companies are often more volatile than established businesses such as Microsoft. VONG is the superior choice for investors who want a low-cost means of gaining large-cap growth stock exposure, while limiting risk.
IWO takes a different approach to growth stocks by pursuing small caps. Smaller companies exhibit greater potential for business expansion compared to established players, which makes IWO’s strategy compelling. This also contributed to the ETF’s far better one-year performance compared to VONG.
Another of IWO’s strengths lies in its broader holdings of more than 1,000 stocks. Consequently, the fund possesses better diversification across industries, making it resilient against a downturn in a particular sector. However, it’s more expensive, and small-cap stocks hold higher volatility. IWO is for investors who want to target small-cap companies for their greater growth potential or to supplement a portfolio that already holds many of the large-cap stocks in VONG.
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Robert Izquierdo has positions in Apple, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Apple, Bloom Energy, Microsoft, Nvidia, and Sterling Infrastructure. The Motley Fool has a disclosure policy.
Which Is the Better ETF for Growth Stocks, Vanguard's VONG or iShares' IWO? was originally published by The Motley Fool
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- What Makes Apple (AAPL) a New Buy Stock
May 11, 2026
Apple (AAPL) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for Apple basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Apple, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
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Earnings Estimate Revisions for Apple
For the fiscal year ending September 2026, this maker of iPhones, iPads and other products is expected to earn $8.74 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Apple. Over the past three months, the Zacks Consensus Estimate for the company has increased 4%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Apple to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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This article originally published on Zacks Investment Research (zacks.com).
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- Asset Manager Sells 1.2 Million Bond ETF Shares, According to Latest SEC Filing
May 11, 2026
On May 11, 2026, Bailard, Inc. filed with the SEC to report the sale of 1,218,026 shares of iShares iBonds Dec 2026 Term Treasury ETF(NASDAQ:IBTG), an estimated $27.89 million transaction based on the quarterly average price.
What happened
According to a SEC filing dated May 11, 2026, Bailard, Inc. sold 1,218,026 shares of iShares iBonds Dec 2026 Term Treasury ETF in the first quarter. The estimated transaction value was $27.89 million, based on the average share price over the period. The quarter-end position value declined by $27.80 million, reflecting both trading activity and market price movements.
What else to know
The fund’s direction was to reduce IBTG, leaving a post-trade stake equal to 0.85% of 13F reportable AUM.
Top five holdings after the filing:
AAPL: $208.45 million (4.8% of AUM) NVDA: $157.04 million (3.6% of AUM) MSFT: $155.85 million (3.6% of AUM) GOOGL: $154.92 million (3.6% of AUM) SPY: $131.03 million (3.0% of AUM)
As of May 8, 2026, IBTG shares were priced at $22.87, up 4.1% over the past year, but underperformed the S&P 500 by 26.5 percentage points.
IBTG’s annualized dividend yield was 4.0% as of May 11, 2026.
IBTG was priced at $22.87, 0.4% below its 52-week high as of May 11, 2026.
ETF overview
Metric Value AUM $2.287 Billion Dividend Yield 3.98% Price (as of market close May 8, 2026) $22.87 1-Year Total Return 4.14%
ETF snapshot
Investment strategy focuses on tracking the performance of a portfolio of U.S. Treasury bonds maturing in December 2026, providing a defined maturity date and targeted exposure to government securities. The fund's underlying holdings consist exclusively of U.S. Treasury securities with maturities aligned to the fund's termination date, resulting in a high-quality, low-credit-risk portfolio. Operates as an exchange-traded fund with a transparent structure and a fixed maturity, offering investors a predictable income stream and principal return at maturity, subject to interest rate risk and market fluctuations.
The iShares iBonds Dec 2026 Term Treasury ETF offers institutional and individual investors targeted exposure to U.S. Treasury bonds with a specified maturity date. The fund's defined-term structure provides a blend of income generation and capital preservation, appealing to those seeking predictable cash flows and minimal credit risk. Its competitive advantage lies in its transparent portfolio, low expense structure, and alignment with liability-driven investment strategies.
What this transaction means for investors
Bailard, Inc., a California-based asset management firm, recently disclosed the sale of approximately 1.2 million shares of The iShares iBonds Dec 2026 Term Treasury ETF (IBTG), valued at around $27.9 million during the first quarter (the three months ending on March 31, 2026). Here are some key takeaways for investors.
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First, IBTG is a bond ETF. Specifically, the fund holds U.S. Treasury bonds that mature no later than the end of December 2026. As a result, this fund behaves somewhat differently from many bond ETFs.
Since this fund is designed to provide one component of a bond ladder for investors, all of its holdings will mature into cash by the end of 2026. As the bonds mature, the proceeds will be reinvested into cash and cash equivalents. Once all bonds have matured to cash, the fund will wind up, distributing all cash proceeds to investors.
Therefore, as the fund increasingly converts its holdings to cash and cash equivalents, this fund will more closely resemble a short-term money market fund, with its yield tracking short-term interest rates.
In summary, this fund is best suited to investors with a very short time horizon of less than one year, who may be seeking a fund with extremely low risk and yields that approximate short-term money market rates.
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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and iShares Trust - iShares iBonds Dec 2026 Term Treasury ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 11, 2026.
Jake Lerch has positions in Alphabet and Nvidia. The Motley Fool has positions in and recommends Alphabet, Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
Asset Manager Sells 1.2 Million Bond ETF Shares, According to Latest SEC Filing was originally published by The Motley Fool
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- Intel stock rises as CEO Lip-Bu Tan touts 'exciting new products' with Nvidia
May 11, 2026
Intel (INTC) stock rose on Monday, a day after CEO Lip-Bu Tan posted on X that the company and Nvidia (NVDA) are working to “develop exciting new products.”
Tan initially wrote the post to congratulate Nvidia CEO Jensen Huang on receiving an honorary doctoral degree in science and technology from Carnegie Mellon University on Sunday. Tan draped the doctoral hood over Huang.
Intel stock was up more than 2% in early trading. The chipmaker’s stock price has rocketed more than 245% year to date and 494% over the last 12 months.
In September, the company and Nvidia announced they are collaborating on products for data centers, including the ability to connect Nvidia’s GPUs to Intel’s CPUs for AI workloads. The companies are also teaming up to produce Intel chips for consumer PCs that integrate Nvidia’s RTX GPU chiplets into Intel’s system-on-a-chip.
Nvidia also announced at the time that it was taking a $5 billion stake in Intel.
On Friday, The Wall Street Journal reported that Intel and Apple have entered into a preliminary agreement that will see Intel produce chips for some Apple (AAPL) products, though it’s unclear which devices will get the processors.
Intel’s foundry business is one of the keys to its broader turnaround effort. The company is hoping to become a contract manufacturer for chip designers akin to rival TSMC (TSM), which produces processors for customers ranging from Apple and Nvidia to AMD (AMD) and Qualcomm (QCOM).
Intel’s foundry segment generated $5.4 billion in Q1, up 16% year over year. Intel is the business’s biggest customer.
The company, which was once seen as an afterthought in the chip space, has received a reprieve thanks to the explosion of interest in AI agents, or high-powered bots that can perform semi-autonomous and autonomous tasks on a users’ behalf.
While GPUs like Nvidia’s still train and run AI services, the actions that bots take, such as sorting files or producing slideshow presentations, require the use of CPUs like Intels.
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That’s helped drive increased interest in the company from investors, and driven sales higher.
Intel reported Q1 earnings last month that beat Wall Street’s projections on the top and bottom lines. It also provided a better-than-anticipated outlook for the second quarter.
Intel said it anticipates Q2 revenue of between $13.8 billion and $14.8 billion. Analysts were expecting $13.03 billion.Sign up for Yahoo Finance's Week in Tech newsletter.·Yahoo Finance
Email Daniel Howley at dhowley@yahoofinance.com. Follow him on X at @DanielHowley.
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- Battle of the Broad Market ETFs: Vanguard's VTI vs. Schwab's SCHB
May 11, 2026
The Vanguard Total Stock Market ETF(NYSEMKT:VTI) and Schwab U.S. Broad Market ETF(NYSEMKT:SCHB) provide nearly identical exposure to the domestic stock market at the same rock-bottom price point.
Investors often view these two funds as interchangeable building blocks for a core portfolio. Both seek to capture the entire spectrum of the American equity market, ranging from massive tech giants to smaller enterprises, though they follow different underlying indexes to achieve that goal.
Snapshot (cost & size)
Metric VTI SCHB Issuer Vanguard Schwab Expense ratio 0.03% 0.03% 1-yr return (as of May 6, 2026) 33.20% 33.10% Dividend yield 1.00% 1.00% Beta 1.01 1.01 AUM $2.0 trillion $42.0 billion
Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.
Cost is a wash in this matchup, as both funds charge just 0.03% annually. This high level of affordability means nearly all of the market performance flows directly to the investor. Yields are also currently identical at 1.00%.
Performance & risk comparison
Metric VTI SCHB Max drawdown (5 yr) (25.40%) (25.40%) Growth of $1,000 over 5 years (total return) $1,775.00 $1,779.00
What's inside
The Schwab U.S. Broad Market ETF focuses on the 2,500 largest publicly traded companies in the United States. Its portfolio includes 2,406 holdings, with its largest positions including Nvidia(NASDAQ:NVDA) at 6.94%, Apple(NASDAQ:AAPL) at 5.85%, and Microsoft(NASDAQ:MSFT) at 4.42%. The Schwab fund, launched in 2009, has a trailing-12-month dividend of $0.30 per share and is weighted 31% toward the technology sector.
In comparison, the Vanguard Total Stock Market ETF casts a slightly wider net with 3,598 holdings. Its top holdings include Nvidia at 6.36%, Apple at 5.89%, and Microsoft at 4.34%. Launched in 2001, the Vanguard fund paid $3.77 per share over the trailing 12 months. Despite the larger number of holdings, the two funds share very similar sector weightings, with the Vanguard fund allocating 32% of its portfolio to technology.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investors
Both the Schwab U.S. Broad Market ETF (SCHB) and Vanguard Total Stock Market ETF (VTI) offer investors exposure to thousands of U.S. stocks, making either one a good choice as a foundational component to your portfolio. As they are identical in expense ratio, deciding between the two comes down to other key factors.
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SCHB costs significantly less per share than VTI, with a 3-for-1 share split in 2024 contributing to this. However, VTI’s enormous AUM of $2 trillion means it offers traders far more liquidity than SCHB’s $42 billion, resulting in tighter bid-ask spreads and suggesting it is the more popular fund among investors.
In addition, VTI encompasses more holdings, providing better representation of the U.S. stock market, particularly when it comes to smaller businesses, whereas SCHB focuses on the 2,500 largest publicly traded U.S. companies.
If you want broad U.S. stock market exposure and a high AUM for liquidity, VTI is the clear winner against SCHB.
Should you buy stock in Schwab Strategic Trust - Schwab U.s. Broad Market ETF right now?
Before you buy stock in Schwab Strategic Trust - Schwab U.s. Broad Market ETF, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Schwab Strategic Trust - Schwab U.s. Broad Market ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $471,827!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,319,291!*
Now, it’s worth noting Stock Advisor’s total average return is 986% — a market-crushing outperformance compared to 207% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of May 11, 2026.
Robert Izquierdo has positions in Apple, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
Battle of the Broad Market ETFs: Vanguard's VTI vs. Schwab's SCHB was originally published by The Motley Fool
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- Memory chip stocks hit record highs, pharma reacts to hantavirus concerns
May 11, 2026
Market Catalysts Host Julie Hyman and Yahoo Finance Senior Reporter Brooke DiPalma track several of the day's top trending stock tickers, including memory chip stocks Micron Technology (MU), Intel (INTC), and Qualcomm (QCOM) opening at record highs; shares of Moderna (MRNA) and Novavax (NVAX) reacting to concerns around the hantavirus; and Constellation Energy (CEG) affirming its full-year guidance after beating first quarter earnings estimates.
Video Transcript
00:00 Speaker A
We are watching chip stocks, pharma stocks and Constellation Energy. Brooke DiPalma is with me here and let's start with these chip stocks because we have seen a crazy run for memory chip makers, but then we've had some other standouts also. So looking at Intel, Qualcomm, Micron, just as three examples, they all opened at records today.
00:23 Brooke DiPalma
Yeah, the momentum has been there. Yeah. The momentum's certainly been there. When you take a look at these stocks, what we've seen over the past month, for example, take a look at Micron. Six months ago that stock was sitting around $240 and now it's running high at $783, absolutely skyrocketing. Their forward PE ratio, I was taking a look at that. It's significantly low, $7.60. So keep an eye on that. But just based upon this need, this uh demand for memory and storage, the street is certainly gravitating towards that. And we even saw a note out from uh JP Morgan out this morning saying that during the week of May 7th for single names, retail buying in tech reached a one-year high driven by hardware, which posted its second largest weekly inflow on record. And so the the the pre-war trade seems like it's obviously back on right now.
01:05 Speaker A
Mhm. I mean, it I was I'm just looking at Jordan Jordan Klein's note from this morning. He's over at Mizuho. He's a desk analyst there and he basically says, I've been following memory stocks since 2004 and can't recall when MU and peers have experienced a four to five a run this strong, but he also says memory stocks always get oversold and overbought, very momentum driven sector, when it shifts in the up or down direction, you learn to ride the directional move as it overreacts in either direction. Now, that said, like the cycle here feels different for I mean these stocks were like that because there were also there were very violent memory chip cycles.
01:52 Speaker A
Right. And we've been discussing the question of whether like those cycles still exist in the same way or they just much longer than they were before.
01:57 Brooke DiPalma
Yeah. Will this be a one off or will this continue on? Will the momentum keep going? And I think also too, based on all these headlines that we're hearing around these companies, you have Qualcomm executives going with President Trump to meet in that meeting uh with Xi Jong Ping at that summit. You also on top of that have Intel partnering with Apple. All these headlines coming together in these early innings of May that are driving investor optimism about what this could mean. I mean Qualcomm just today alone, jumping around 9%, but the last month, it's up 86%. And on top of that too, it's not just Qualcomm executives going to meet that's driving optimism on what this could mean for the sector. You also have Apple and Nvidia executives also heading over there as well.
02:44 Speaker A
Yes. It doesn't mean that like there's not any, um, it doesn't mean it's all fundamentally driven to be clear. Like there's definitely some sentiment and enthusiasm in here. Um, but we'll see how far that. And Qualcomm had been lagging. It's now sort of catching up and then some um, versus some of the rest of the chip space. Um let's talk about pharma companies also because we are watching Moderna, Novavax, Inovio pharmaceuticals. We've got this hantavirus outbreak that ha- has been happening on this cruise ship. Um the Americans who were on the ship have landed in Nebraska. They're at a quarantine facility, at least those that were seen as being in close contact with the affected um individuals. And now there's some speculation that, and I guess, um, Moderna has said that it's trying to work on some sort of, um, treatment.
03:31 Brooke DiPalma
Right. But it's still in the early innings and yet today, we're hearing this strong reaction from the street about what this could mean and could this mean that there could be a cure soon? And will this ultimately prevent another say coronavirus? And that's what really investors are weighing in. And as for reporting it on our site this morning and she said that right now, this is still in the early innings. She said the biotech is researching vaccines to protect against hantaviruses, a group of viruses that that uh to to keep you in the know here, they're spread through rodents, which is quite unusual. And so they're in the early innings though of these tests and it remains to be seen. Prior to this outbreak, they were working on an early stage research in conjunction with the vaccine Innovation Center at Korea University of College of Medicine. But uh they announced that they're now in a positive phase three study results. And so I mean, is this actually going to happen? It seems like we're still in the early innings.
04:22 Speaker A
But regardless, even if it does happen, hantavirus is exceedingly rare. Most of the cases happen outside of the US. They happen in Asia and Europe. Um the type of hantavirus that was spread on this boat is even more rare than that in that it spread human to human, not just from rodent to human. And so as Evercore ISI pointed out in a note that uh CNBC reported on, the revenue potential here, even if Moderna came up with this thing, would be relatively small because it's just not, at least knock on wood, not that big a risk. Not that many people have this thing.
04:58 Brooke DiPalma
Right. And within that note as well from Evercore ISI, they said we view any potential outsized move as sentiment driven and not fundamental.
05:05 Speaker A
Right. So I mean, welcome to this market. And finally, let's talk about Constellation Energy, which is one that I am tend to pay a lot of attention to. This is a power provider. Um it uh closed on its acquisition of Calpine earlier this year, which is a big natural gas uh producer and came out with its numbers. But it seems like um the full the full year forecast maybe was a little bit disappointing.
05:32 Brooke DiPalma
Right. I I was reading to um another note from Evercore ISI and they were largely saying that while they delivered the strong print here that outlook for your guidance on EPS growth of 20% from 2026 to 2029, it points to continuing earnings visibility, but investors not too pleased, obviously wanting more. You have that acquisition which I believe was a price tag of about $16 billion uh of that uh specifically named um make sure I get the name right here, of that company. Yes, exactly Calpine. And so uh when you think about that price tag, obviously lots of momentum behind there, but I think waiting to see exactly how this all sort of plays out here. Also, too, the way that they're positioning themselves in the data center build out, that certainly has the street intrigued as well.
06:17 Speaker A
Yes, the stock has, you know, the stock had ripped along with a lot of the other power um and uh utility names, but it is down about 14% year to date um and it is uh only up about 6% over the past 12 months. So we've seen some momentum kind of fade with some of those those power players.
06:38 Brooke DiPalma
Right. A- and I think also too, uh this Evercore ISI, this this analyst does have a outperform rating on the stock. So keep that in mind. But they said that they're largely bullish about operational execution. They said that it remains strong despite these factors and the company continues to once again put itself in a position to really win in this AI arms race. But I think that there are many companies right now who are competing for that same market share and so so uh we'll see how this one sort of plays out.
07:05 Speaker A
Yeah, we will. Thanks, Brooke. Appreciate it.
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