BitGo Holdings said it brought in $3.8 billion of total revenue in the first quarter, a 112.6% increase year over year, in its first quarterly report since listing on the NYSE in January. The company reported a net loss of $60.7 million for Q1 versus a $25.7 million loss a year earlier, citing non-cash mark-to-market effects tied to its bitcoin treasury and higher IPO-related stock-based compensation.

Marvell Technology (MRVL) shares ignited on Wednesday, surging over 8% to close at a record $177.95. The rally was fueled by a "double-shot" of bullish catalysts: a surprise equity stake disclosure from Advanced Micro Devices (AMD) and a massive price target hike from Bank of America, which now sees the stock hitting $200.

Alibaba Group (BABA) stunned markets on Wednesday, reporting that its strategic pivot into Artificial Intelligence is paying off faster than even Wall Street anticipated. Despite an 84% drop in core profitability, the result of a massive reinvestment cycle, shares surged over 8% as investors embraced the company’s AI-first future.

The S&P 500 climbed to a fresh record high of 7,459.46 on May 14, 2026, defying a shocker wholesale inflation report that saw the PPI jump 6% year-over-year. While the war in Iran continues to pressure energy prices, the AI Supercycle remains the dominant market force, with tech giants like Nvidia, Apple, and Tesla joining President Trump’s business delegation to Beijing.

On May 14, 2026, the US Senate confirmed Kevin Warsh as the next chair of the Federal Reserve, approving President Donald Trump's nominee in a 54-45 vote. Warsh is set to start a four-year term replacing Jerome Powell, whose chair term ends Friday, while Powell is expected to stay on the Fed's Board through 2028. Observers said Warsh's past comments on Bitcoin and disclosed ties to crypto-related firms could influence expectations for digital-asset policy.

Apple, Nvidia and Alphabet moved into record territory on the same day, underscoring how strongly investors remain positioned around the artificial intelligence trade, megacap technology leadership and expectations for continued earnings growth.

Charles Schwab said on May 12 that it has begun rolling out Schwab Crypto accounts to selected retail clients, enabling spot trading in bitcoin (BTC) and ethereum (ETH) through accounts linked to their brokerage profiles. The service includes education, research, coaching content and 24/7 phone or chat support, with pricing set at 75 basis points on each trade’s dollar value. Schwab said access is limited by jurisdiction, and it plans to expand supported cryptocurrencies and add deposit and withdrawal features later.

Kevin Warsh was confirmed as chair of the Federal Reserve on May 13 after the Senate approved him 54-45, with John Fetterman the lone Democrat voting yes. Senators had first confirmed him to a full 14-year term on the Board of Governors on May 12 by a 51-45 vote. Lawmakers split over whether his leadership will prioritize inflation control while protecting the central bank’s long-term independence.