Finance

Shares of Dell Technologies skyrocketed nearly 33% after the company reported first-quarter financial results that significantly exceeded analyst expectations and raised its full-year guidance. This move, which represented the stock's best single-day performance on record, underscored robust investor confidence in the expanding market for AI infrastructure and server hardware.

Long-term government bond yields retreated slightly from 19-year highs as optimism grew regarding a potential 60-day truce extension between the U.S. and Iran. While the 30-year Treasury yield had recently touched 5.2% due to inflation fears and government spending concerns, it finished the week near 4.99% as crude oil prices cooled.

Despite the historic rally in traditional stocks, major digital assets like Bitcoin and Ethereum traded lower toward the end of May, with Bitcoin hovering around $73,300. Demand for crypto ETFs cooled during the period, resulting in approximately $2 billion in outflows for Bitcoin and Ether funds even as secondary-market liquidity remains a focus for institutional portfolios.