Market update for Wednesday May 6, 2026

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In today’s episode, Zaid covers:

• Oil prices plunge as reports suggest the U.S. and Iran are closing in on a deal to end the war

• AMD’s blowout earnings, including surging data center revenue

• Disney beats across the board in new CEO Josh D'Amaro's first earnings report

• Uber rising after stronger-than-expected bookings guidance and continued delivery growth

• Nvidia investing in Corning as fiber optics become a bigger part of the AI data center buildout

• Lucid falling after a weak quarter, flat deliveries, and suspended production guidance

• Amazon opening up its massive logistics network to outside businesses