Today: 3 May 2026

Oil price forecast 2026: Brent eyed near $55 early as supply glut tests OPEC+ resolve

Oil price forecast 2026: Brent eyed near $55 early as supply glut tests OPEC+ resolve

Brent crude ended 2025 at $60.85 a barrel, down 19% for the year, with analysts forecasting a dip to $55 in early 2026 as supply outpaces demand. The International Energy Agency projects a 2026 surplus of up to 3.84 million barrels per day. OPEC+ paused output hikes for the first quarter. Traders await the group’s January 4 meeting for signals on possible production cuts.
1 January 2026
Big Tech stocks 2026 forecast: Nvidia’s China chip rush sets the first test for AI leaders

Big Tech stocks 2026 forecast: Nvidia’s China chip rush sets the first test for AI leaders

Nvidia has asked TSMC to increase H200 AI chip production after Chinese firms ordered over 2 million units for 2026, sources told Reuters. The H200 is priced at about $27,000 per chip, with modules costing around 1.5 million yuan. New U.S. and China actions on chip equipment have added uncertainty to supply and pricing. Investors are watching for signs that AI spending will boost earnings after a strong 2025 market rally.
ASX 200 forecast for 2026: Rate-hike bets return as strategists split on Australia stocks

ASX 200 forecast for 2026: Rate-hike bets return as strategists split on Australia stocks

Australia’s S&P/ASX 200 closed 2025 more than 4% below its October record after investors shifted to expecting rate hikes. The index returned 6.8% for the year, with resources surging and technology slumping. Two major banks now anticipate a rate increase at the central bank’s February meeting. Forecasters remain split on whether 2026 brings steady gains or more sharp sector swings.
AI Stocks 2026 Forecast: Nvidia’s China Chip Rush Meets a Tougher Wall Street Test

AI Stocks 2026 Forecast: Nvidia’s China Chip Rush Meets a Tougher Wall Street Test

Nvidia has asked TSMC to boost H200 AI chip production after Chinese firms ordered over 2 million units for 2026, sources told Reuters. Beijing has not yet approved shipments despite recent U.S. export clearance with a 25% fee. Samsung and SK Hynix report AI memory chip orders exceed capacity, according to the Financial Times. Investors remain focused on AI spending, earnings, and U.S.-China policy shifts.
Applied Materials stock dips as new U.S. export licenses and China’s 50% tool rule reset focus for AMAT

Applied Materials stock dips as new U.S. export licenses and China’s 50% tool rule reset focus for AMAT

Applied Materials closed down 1.15% at $256.99, extending a two-day slide after a prior rally. The U.S. granted Samsung, SK Hynix, and TSMC annual licenses to import chipmaking tools to China, while China now requires at least half of new plant equipment to be domestically made. Lam Research and KLA also fell in the last session. Markets are watching for policy shifts that could affect orders for U.S. suppliers.
CrowdStrike stock slides after-hours as Wedbush keeps CRWD on its top AI picks list

CrowdStrike stock slides after-hours as Wedbush keeps CRWD on its top AI picks list

CrowdStrike shares last traded at $468.76, down 1.5% after the New Year’s holiday market closure. Analyst Dan Ives of Wedbush reiterated a $600 price target, citing AI-driven security demand. Sector peers Palo Alto Networks and Fortinet also fell. Investors await early January U.S. economic data and CrowdStrike’s next results for updates on subscription growth.
MrBeast tops 2025 richest YouTubers list as Tanmay Bhat’s Moonshot reshapes Indian ads

MrBeast tops 2025 richest YouTubers list as Tanmay Bhat’s Moonshot reshapes Indian ads

Tanmay Bhat’s agency Moonshot gained prominence in 2025 with campaigns for brands like CRED and Disney+ Hotstar, according to Storyboard18. Bhat’s Instagram following reached 2.1 million, with YouTube subscribers at 5.3 million. The Times of India ranked MrBeast as the richest YouTuber, estimating his net worth at $1 billion from RichestTuber data. Figures cited remain unverified.
1 January 2026

Stock Market Today

  • Oil Markets Edge Toward Crisis as West Faces Depleting Stocks and Iran Hits Storage Limits
    May 3, 2026, 5:11 PM EDT. Oil inventories among leading consumers are rapidly depleting amid a prolonged blockade of the Strait of Hormuz following U.S.-Israel actions against Iran. Analysts warn OECD countries' stocks could hit 'operational minimums' by late May, triggering sharp price rises. Meanwhile, Iran faces the opposite challenge, as its crude storage nears capacity due to export bottlenecks from the U.S. naval blockade. Tehran is reducing output and deploying old tankers as floating storage to delay 'tank tops' that would force drastic cuts risking oilfield damage. Prices have yet to breach worst-case scenarios, with Brent around $108 and WTI near $102 per barrel. Regional exporters like Saudi Arabia and the UAE are diverting shipments to offset shortages, while major economies coordinate strategic reserve releases. However, continued inventory draws and constrained U.S. production suggest persistent market strain is imminent.

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Trump Media CEO Shake-Up Puts DJT Stock, Truth Social Spin-Off and $6 Billion Fusion Deal on the Line

Trump Media CEO Shake-Up Puts DJT Stock, Truth Social Spin-Off and $6 Billion Fusion Deal on the Line

3 May 2026
Trump Media interim CEO Kevin McGurn is considering spinning off Truth Social and Truth+ from the company’s crypto and fusion-energy ventures. DJT reported a 2025 net loss of $712.3 million on $3.7 million revenue, with shares last at $9.39. The spin-off plan is not final and depends on deal approvals and investor response. McGurn was named interim CEO on April 21, replacing Devin Nunes.
Oklo Inc. Insider Sale Notices Hit Before Earnings — What OKLO Stock Investors Need To Know

Oklo Inc. Insider Sale Notices Hit Before Earnings — What OKLO Stock Investors Need To Know

3 May 2026
Oklo executive Caroline Cochran filed to sell up to 300,000 Class A shares, valued at $21.75 million, according to a late-Friday Form 144 notice. Oklo shares closed at $70.40, down 2.9%, with a market value near $10.6 billion. The company reports first-quarter results after the market close on May 12. A separate filing showed CFO Craig Bealmear proposed selling 16,216 shares worth $1.13 million.
CoreWeave Stock Faces Make-or-Break Q1 Earnings Week After $154 Million Holder Sale

CoreWeave Stock Faces Make-or-Break Q1 Earnings Week After $154 Million Holder Sale

3 May 2026
Magnetar-linked entities sold 1.28 million CoreWeave shares for about $154 million on May 1, SEC filings show. CoreWeave, backed by Nvidia, will report first-quarter results on May 7 as investors watch for signs that AI cloud demand is translating into revenue. The stock last traded at $119.01, up 6.6% for a $59.3 billion market value. CoreWeave recently reported 2025 revenue of $5.13 billion and a net loss of $1.17 billion.
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