The Nasdaq ($QQQ) experienced a significant intraday drawdown of 5.3% before recovering to close down 1%, amid extreme performance dispersion where the top 20% of tech stocks outperformed the bottom 20% by 120 percentage points. Nvidia ($NVDA), Tesla ($TSLA), and Apple ($AAPL) led the market in options trading volume, while Robinhood ($HOOD) reported strong May metrics with platform assets reaching $377B. Analysts at Baird reiterated an "Outperform" rating on Palantir ($PLTR) with a $200 price target, and SpaceX ($SPCX) is targeting a $1.75T valuation for its upcoming IPO with plans to launch orbital AI compute satellites using Nvidia ($NVDA) chips.