More fun last week in the stock market, as usual. Let's go......
Let's face it. Markets are at record highs, and anything connected to AI, datacentres and semi-conductors are making investors rich. MXL shares soared 130% last week, with very strong first-quarter earnings and a bullish outlook announced for the year. Analysts fell all over themselves to raise target prices. Shares are up 494% in the past year.
Poet Technologies Inc. 
POET, which still has no significant revenue ($1.1 million last year) soared 108% last week, used some poetic language itself in its rebuttable of a short seller report, calling it a 'nothing burger'. But, maybe it was more than that. On Monday, POET announced the "cancellation of ALL purchase orders made by Celestial AI". Celestial was acquired by Marvell, and the Marvell association has helped POET shares rise 267% in the past year. Who knows where this one is going to end up?
ARM rose 41% on the back of Intel's strong earnings and forecast. Ho hum, just another semi-conductor company rising more than 100% so far in 2026, as demand seems never-ending. This week some of the Mag 7 report earnings, and with that they will outline their capital spending plans. This could be good for the semi-conductor sector, or not. At some point, the spending spree will have to stop.
CAR again makes the Rockets & Duds list, this time as a DUD. Shares fell 59% for the week, bringing a quick end to the massive short squeeze that saw the stock rise 700% in a month. Still up 59% for the year, the stock is though one-quarter of where it peaked at one week ago. Who thinks driving is fun? Who has more fun in a rental car?
A short seller report drove SRAD's shares down 24% last week, with claims that the gambling-services company has links to "hundreds" of illegal gambling sites. This might not be so bad, really, except where the sites are located: Iran, Russia and Crimea. Hardly great places to be doing business right now. SRAD countered, saying it "only deals with licenced operators". The short interest is 10%, and of course the stock decline brought out the usual class action lawsuits against the company. Shares are down 44% year-to-date.
Missed last week's Rockets and Duds?
Take Care,
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