Sanmina’s AI Rally Heads Toward a June Test After Volatile Week
Sanmina Corp. cooled off Friday after a strong May rally, as shares closed at $259.73 on May 29, down 1.33%. The dip came after gains earlier in the holiday-shortened week left the stock up 5.4% from its May 22 close. The stock jumped 5.49% on Tuesday and reached $270.49 on Thursday, but gave back ground as sellers stepped in. AI hardware stocks are still strong, so the move stands out. The NYSE included May 25 as a market holiday in 2026 for Memorial Day. On Friday, Reuters said the S&P 500, Nasdaq, and Dow all closed at record highs, with the Nasdaq up 2.39% on the week. Ohsung Kwon, chief equity strategist at Wells Fargo, told Reuters there was “euphoric