U.S. stocks are entering a historically weak seasonal period, but extreme investor pessimism could potentially mitigate any significant market pullback, according to Ned Davis Research.

Ned Davis Research suggests that while arguments for a bubble in the chip sector have some merit, the semiconductor market may also be on the cusp of a new supercycle, warranting a shift in discussion towards treating chips like commodities.

A large-scale government investigation into gambling is underway in the US, implicating former NBA players Malik Beasley and Ed Davis in illegal betting. Beasley is accused of accumulating millions of dollars through bets.

Artificial intelligence expectations have significantly boosted the market, particularly in two sectors, prompting Ned Davis Research to advise investors on which sectors to buy and which to trim exposure to.

Legendary music executive Clive Davis will hold a one-on-one conversation with his son Fred Davis, a partner at the Raine Group, at the Amplify Music Investment Summit on May 8. Fred Davis is one of the music industry’s top investment bankers.