S&P 500 Nears Record High on Mixed Macro and Corporate Catalysts

The S&P 500 logged its eighth weekly gain, closing within 0.4 % of the May 14 record of 7,501 points. Oil prices topped $100 per barrel and 30-year Treasury yields rose to a 2007-high, pressuring stocks. Both fell by mid-week, easing pressure. Investor sentiment improved after President Donald Trump announced the United States was in the “final stages” of Iran peace talks.

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Nvidia posted a beat-and-raise quarter; CEO Jensen Huang said “demand has gone parabolic,” and CFO Colette Kress projected nearly $20 billion in CPU revenue for the year. The stock slipped 2.6 % after earnings and another 0.5 % on Friday. SpaceX filed for an IPO valued at $1.25 trillion, with potential proceeds of $75 billion or more, and Goldman Sachs was named lead left underwriter.

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CrowdStrike rallied 12 % for the week, extending a six-week streak that featured 11.7 % growth. Seven analysts lifted price targets, with KeyBanc moving to $700 from $525 and Cantor Fitzgerald to $700 from $550. Analysts cite new AI models such as Anthropic’s Project Glasswing as boosting security demand.

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Goldman Sachs could earn over $900 million in underwriting fees from the SpaceX IPO, based on a 1.2 % commission rate similar to Alibaba’s 2014 deal. The bank’s involvement was highlighted as a win for its franchise, and its shares rose about 5 % during the week.

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The White House said Iran talks are in a final stage. Nvidia’s leaders highlighted strong AI-chip demand and a near-$20 billion CPU revenue outlook. Goldman Sachs confirmed its lead-underwriter role on the SpaceX IPO and projected fees. Analysts raised CrowdStrike price targets, citing cybersecurity demand from new AI models.

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Analysts warned that Nvidia’s sell-off after earnings follows a recurring pattern, suggesting earnings strength may not sustain price gains. AI-driven disruption had depressed the broader cybersecurity sector, raising doubts about the durability of CrowdStrike’s rapid rise.

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The article notes oil prices fell after mid-week but gives no specific post-retreat level, and bond-yield moves lack exact figures. SpaceX IPO proceeds are estimated at $75 billion or more, leaving the final amount uncertain.

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• “was in the "final stages" of peace talks with Iran.” — President Donald Trump, Former U.S. President

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• “demand has gone parabolic.” — Jensen Huang, CEO, Nvidia

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• “This is a huge win for Goldman Sachs and a verification that this Investing Club stock is in pole position for all the big ones,” — Jim Cramer, Host, CNBC Investing Club

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• “The market's seeing what we always have: new AI models will accelerate demand because the risk of new cyber attacks has never been greater.” — Jim Cramer, Host, CNBC Investing Club

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Analysts will watch the outcome of Iran talks, final SpaceX IPO pricing, and upcoming earnings from Nvidia and other AI firms for clues on the S&P 500’s trajectory.

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