Closing Bell Closing Bell Overtime: Earnings Parade Rolls On 5/7/26
8 snips
May 7, 2026 Charles Cantor, Portfolio Manager at Neuberger Berman, gives a quick take on AI-related capex cycles and the memory and semiconductor market. He weighs whether hyperscaler spending is sustainable. Short segments also cover CoreWeave backlog strength, Coinbase revenue mix, DraftKings growth drivers, and market breadth amid heavy earnings.
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Datadog Beat Reignites Software Momentum
- Software and cybersecurity led a rebound after Datadog and Fortinet beats, alleviating OpenAI/Anthropic customer fears.
- Datadog's new hyperscaler wins and guidance catalyzed a sector-wide rally in Snowflake and MongoDB.
Headlines And Deliveries Are Driving Oil Volatility
- Oil swung dramatically on headlines about Gulf base access and short-covering, affecting global crude pricing.
- Pippa Stevens notes Saudi and Kuwait lifting U.S. base restrictions and dated Brent easing as exports and Asian deliveries reduce pressure.
Memory Makers Are Locking In Long Term Contracts
- Memory manufacturers are shifting from price-taking to long-term contracts with financial commitments.
- Cantor notes three-to-five year deals give more certainty and force investors to re-underwrite memory business models.