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  • Wednesday's ETF Movers: JETS Leads Gains, PBOG Declines
    May 20, 2026, 1:36 PM EDT. On Wednesday, the U.S. Global Jets ETF (JETS) surged 5.9%, with standout gains from Alaska Air Group up 10.1% and Allegiant Travel rising 9.1%. Meanwhile, the Portfolio Building Block Integrated Oil Gas Exploration & Production Index ETF (PBOG) declined 1.6%, dragged down by Cenovus Energy falling 2.7% and Exxon Mobil down 2.2%. The contrasting performances highlight sector-specific investor interest amid market dynamics.

Latest articles

IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch

IREN Stock Surges as Nvidia Fever Returns — But the AI Cloud Bet Has a Catch

20 May 2026
IREN Limited shares rose 9.4% to $52.23 on Wednesday, trading over 23 million shares as investors awaited Nvidia’s earnings. IREN recently signed a $3.4 billion AI cloud contract with Nvidia and closed a $3 billion convertible-note offering. The company reported a quarterly net loss of $247.8 million on revenue of $144.8 million, down from the prior quarter.
Grab shares edge lower after Superbank shift

Grab shares edge lower after Superbank shift

20 May 2026
Grab Holdings shares fell 1% to $3.465 on Wednesday, extending a year-to-date drop of over 30%, after announcing it will consolidate Indonesia’s Superbank into its accounts. The move gives Grab majority control of the digital bank, which has over 6 million customers and 24 trillion rupiah in assets. Grab’s Q1 revenue rose 24% to $955 million, but analysts trimmed price targets despite maintaining positive ratings. Competitor GoTo posted its first quarterly net profit in April.
Super Micro Stock Gains Almost 10% With SMCI Up in AI-Server Rally

Super Micro Stock Gains Almost 10% With SMCI Up in AI-Server Rally

20 May 2026
Super Micro Computer shares rose 9.3% to $33.40 midday Wednesday, outpacing Nvidia and other AI hardware stocks ahead of Nvidia’s earnings. The company recently reported fiscal Q3 sales of $10.2 billion, missing estimates, but issued a stronger-than-expected Q4 forecast. Senior sales executive Don Clegg retired May 15 and will consult for six months. Wall Street indexes climbed as chip stocks rallied.
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