Live from the Nazak market site in the heart of New York City's Times Square, this is fast money.

Here's what's on top tonight.

Dell doubles up.

We dive into the massive move in this legacy tech name this month and what it says about the sustainability of the AI trade.

And we are counting down to the kickoff of the year's largest conference for cancer research,

the deals and data we can expect from ASCO this year and the

stocks that could see big moves as a result. Plus, Robin Hood rallies another 11%. Walmart loses

ground in the battle versus target and Broadcom gains ahead of earnings. But what should we expect

from next week's results? We'll dig into the options action to find some answers. I'm Melissa Lee.

Come to your live from studio be at the NASAC on The Descent Night. Tim Seymour, Karen Feinman, Steve Grasso, and Julie Beal. And we start off with the tech-led rally sparked today, of course, by Dell. Shares of the computer and server makers soaring 33% after earnings last night, adding nearly $70 billion to its market cap in just one day.

The move brought the stocks gained for May to more than 100 percent its best months since coming back to the market in 2018.

But it wasn't just about Dell this month.

Check out these moves in the other big tech stocks, CrowdStrike and Datadogs,

seeing their best months, dating back to their respective 2019 IPOs.

And Micron up nearly 90 percent having its best in more than four decades. Those gains helping lead major markets to another set of

records. Text 2% gain leading the S&P 500, even as nine of the 11 sectors were down today.

And check this out, all but one of the MAG 7 was down today.

Microsoft, the only winner, up more than 5%. So what does this kind of action tell you about the market overall right now?

Tim, what do you say?

Well, we see overshoots, and I'm not saying that what's going on to the upside is an overshoot,

but certainly I think there's a sense on we've had a reaffirmation of software.

We've had delineation of what's working, what's not in software. If you look at Microsoft as the leader of that group, and obviously a week where we had reaffirmation, whether it was Snowflake, there's a number of other names that actually really told you that this is a story where agentic, plus what they were doing, plus enterprise buildout, plus demands,

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