After close, Wednesday, May 13, 2026: The tape was risk-on again in growth stocks: S&P 500 +0.58%, Nasdaq +1.20%, Dow -0.14%. Yahoo/AP framed the day as stocks rallying to another record despite hotter wholesale inflation data, helped by strength in big tech and AI-linked names: Wall Street rallies close to its record after wholesale inflation comes in hotter than expected.
Microsoft (MSFT)#
- Close: $405.21, down 0.63%; Nasdaq after-hours: $404.20 at 8:00 PM ET, a little softer than the close.
- What mattered: No fresh material Microsoft-specific disclosure stood out today. The stock lagged the Nasdaq, but the setup still points back to the April 29 FY26 Q3 report, where Microsoft highlighted continued cloud and AI demand in its official earnings materials. The debate is still the same: excellent demand, heavy AI infrastructure spend.
- Next catalyst: next earnings expected Wednesday, July 29, 2026.
- Stance: Buy
- Confidence: Medium-high
- Why: dominant cloud/software positioning and AI distribution still justify adding selectively on weakness; capex remains the watch item.
Reddit (RDDT)#
- Close: $154.12, up 1.16%; Nasdaq after-hours: $155.33 at 8:00 PM ET on about 90K shares.
- What mattered: This looked like a modest rebound after Tuesday’s high-beta internet weakness rather than a new thesis-changing headline. The post-Q1 story remains strong, but the stock is still valuation-sensitive and moves quickly when risk appetite changes.
- Next catalyst: next earnings expected Thursday, July 30, 2026, after close.
- Stance: Hold
- Confidence: Medium
- Why: growth and monetization are attractive, but the risk/reward is not cheap enough to chase after sharp swings.
Cloudflare (NET)#
- Close: $192.62, up 3.12%; Nasdaq after-hours: $192.59, essentially flat.
- What mattered: NET was the cleanest rebound in the watchlist. The bounce follows last week’s earnings-driven reset: coverage on Yahoo Finance tied the selloff to softer Q2 guidance and Cloudflare’s AI-related workforce reorganization: Cloudflare stock sinks as company slashes 20% of its workforce, citing AI. Today’s move helps sentiment, but it does not erase the need for execution proof.
- Next catalyst: next earnings expected Thursday, July 30, 2026.
- Stance: Hold
- Confidence: Low-medium
- Why: the platform and AI-security story are still compelling, but guidance/restructuring risk keeps this from being a clean add.
Amazon (AMZN)#
- Close: $270.13, up 1.62%; Nasdaq after-hours: $270.31, basically flat.
- What mattered: Amazon participated in the megacap growth bid. There was no obvious same-day company disclosure, so the investment case still rests on the post-Q1 mix: AWS acceleration, advertising, retail/logistics scale, and continued AI infrastructure investment from the April 30 Q1 release.
- Next catalyst: next earnings expected Thursday, July 30, 2026.
- Stance: Buy
- Confidence: Medium-high
- Why: AWS, ads, and logistics give Amazon multiple durable engines; near-term capex pressure is acceptable if growth holds.
Meta Platforms (META)#
- Close: $616.63, up 2.26%; Nasdaq after-hours: $615.94, little changed.
- What mattered: META outperformed with the broader AI/megacap bid. The fundamental backdrop remains strong after Meta’s Q1 results, but the same overhangs remain: AI capex, Reality Labs losses, and legal/regulatory noise.
- Next catalyst: next earnings expected Wednesday, July 29, 2026.
- Stance: Hold
- Confidence: Medium
- Why: core ads and AI targeting are strong, but capex and regulatory risk keep the risk/reward balanced rather than obvious.
Bottom line: Today was mostly a growth-stock rebound, with NET the most notable watchlist bounce and MSFT the only laggard. I would still be most willing to add MSFT or AMZN on weakness, hold RDDT and META, and wait for cleaner post-restructuring proof before adding to NET.