📅 Friday, May 8, 2026 — Week Close · Semi Exit
The first full week of May closed with $2.3B in insider volume and a 6.3:1 sell ratio — a reversion toward the elevated de-risking levels that defined Monday through Wednesday after Thursday's brief moderation. The week's definitive closing signal came from Congress: lawmakers exited Broadcom ($AVGO) and Lam Research ($LRCX) — two of the most prominent names in the AI semiconductor supply chain — while simultaneously rotating into Procter & Gamble ($PG), Constellation Energy ($CEG), and Devon Energy ($DVN). The pattern is now unmistakable across the full week: Congress has been systematically dismantling its AI and high-growth tech exposure and replacing it with consumer staples, nuclear utilities, and domestic energy production. The week's second notable theme confirms on Friday: CoreWeave ($CRWV) distributed insider shares again, extending a multi-session liquidation pattern that began in late April.
Friday Insider Tape — May 8, 2026
Total Volume
$2.3B
Total Trades
971
Buys
31
Sells
194
Notable Buying — Fintech & Specialty
$COE$UPST$PAM
Notable Selling — EV, AI Infrastructure & Industrials
$XOS$CRWV$INGM
1. The Congressional Semiconductor Exit
🏛️ Congressional Activity — May 8, 2026
$112.5K · 11 Trades · 6 Buys · 5 Sells
Semis out · Staples, Nuclear, Energy in
▲ Lawmakers Bought
$PG$CEG$DVN
▼ Lawmakers Sold
$AVGO$LRCX$TBLL
Broadcom ($AVGO) is the world's largest supplier of custom AI networking chips — its ASIC business powers the custom silicon that hyperscalers use as an alternative to Nvidia GPUs. Lam Research ($LRCX) manufactures the etch and deposition equipment used in advanced semiconductor fabrication. Congressional exits in both names on the same Friday close an important analytical loop: earlier in the week, lawmakers exited $PLTR (AI software analytics) and $GS (financial infrastructure); today they exit $AVGO and $LRCX (AI hardware and chip manufacturing equipment). The full AI-adjacent exit arc — software, finance, chips, fab equipment — has now completed across a single week's congressional disclosures. $TBLL (an ultra-short bond ETF) is a liquidity management exit, consistent with redeploying cash into longer-duration positions.
$PG
Procter & Gamble
The canonical consumer staple — pricing power, global distribution, 130+ year dividend history. Congressional buy into $PG is the clearest possible defensive positioning signal.
$CEG
Constellation Energy
Nuclear power generation with long-term fixed-price power purchase agreements — including data center and AI infrastructure contracts. Defensive utility yield plus structural AI energy demand exposure.
$DVN
Devon Energy
Domestic oil and gas producer with variable dividend policy tied directly to cash flow. Congressional accumulation signals conviction in sustained domestic energy production and commodity cash flow resilience.
📊 Week Congressional AI Exit Arc — Complete
Monday → Friday: The Systematic Dismantling of Congressional AI Exposure
$AVGO
Broadcom Inc.
Custom AI networking chips and ASICs — the hardware layer powering AI at hyperscale. Among the most direct AI infrastructure plays in public markets.
$LRCX
Lam Research Corp.
Semiconductor etch and deposition equipment — critical to advanced chip manufacturing. A bellwether for CapEx cycles at TSMC, Samsung, and Intel.
The full congressional AI exit sequence this week: $JPM (Mon) → $PLTR (Tue) → $GS (Wed) → $AVGO + $LRCX (Fri). Replaced with: $GD + $PH + $TDG (defense) → $PG + $CEG + $DVN (staples/nuclear/energy). This is the most coherent and sustained single-week portfolio rotation in the congressional disclosure data this cycle. Each exit is from information-economy or financial infrastructure; each entry is into tangible asset production, defense manufacturing, or consumer necessity. Whatever lawmakers believe about the macro environment heading into Q2, the STOCK Act disclosures are saying it clearly.
2. $CRWV — The Multi-Session Distribution Confirmed
📉 CoreWeave ($CRWV) — Distribution Pattern · April 22 to May 8
Four Sessions. $599M Across 8 Trades. The Pattern Is the Signal.
Apr 22
$CRWV first appearance on notable sell list
Apr 29
$CRWV second session — multi-week pattern begins
May 6
$CRWV top sell — $7.5B volume day · appears alongside $APG and $RYAN
May 8
$CRWV fourth confirmed session — distribution continues into week close
CoreWeave went public in early 2026 at a premium valuation reflecting hyper-growth AI infrastructure expectations. The weekly API data confirms $CRWV as the top insider sell by volume for the Apr 30–May 7 period: $599.2M across 8 Form 4 transactions — eight separate trades from multiple insiders in a single week. That volume and frequency is the clearest single-ticker distribution story of the May cycle. The 10b5-1 framing applies — these sales were likely pre-scheduled — but consistent, high-volume insider reduction across four-plus weeks means insiders who received shares at or before the IPO are systematically converting paper gains to cash. The pattern itself, regardless of the mechanism, is the analytical signal.
3. The Insider Buy Side
AI Lending Counter-Buy
$UPST
Upstart Holdings, Inc.
AI-powered consumer lending platform using machine learning to underwrite personal and auto loans. A high-beta rate-sensitive fintech — an insider buying $UPST on a week of broad AI exits is a specific counter-bet that the lending platform's rate-cycle headwinds are peaking and risk-reward has reset. Verify float and liquidity before engagement.
Specialty Energy Buy
$PAM
Pampa Energía S.A.
Argentina's largest integrated energy company — electricity generation, natural gas transportation, and oil production. An insider buy here is a high-conviction emerging market energy infrastructure bet decoupled from U.S. macro concerns. Verify ADR liquidity before engagement.
4. The Filing Desk — 292 10-Qs Close the Week
402
Friday · May 8 · Week Close Filing Surge
292 10-Q · 101 8-K · 9 10-K
402 filings — week high · 292 10-Qs at 73% · 9 10-Ks signal late annual filers
Friday's 402-filing session is the highest count of the May 4–8 week, led by 292 quarterly reports — the most 10-Qs in a single session since the April 30 earnings season peak. The 9 Form 10-Ks are notable: after several sessions with zero or one annual report, Friday's nine signals a cluster of late filers with non-standard fiscal years delivering their audited annual results simultaneously. These late 10-Ks often carry the most operationally significant disclosures of the filing cycle, as companies that needed extra time to finalize their results tend to have more material items to disclose. The full weekly 10-Q count for May 4–8 exceeds 1,400, maintaining the elevated density that characterized the final week of April.
Week Tracker — May 4–8, Complete
Week of May 4–8, 2026 — Complete
$14.9B Total · The AI Exit Week · 1,441 10-Q Filings
Mon 5/4
$1.9B
4.3:1 · $RIVN buy · Congress sells $JPM
Tue 5/5
$1.1B
7:1 · $PLTR Congress exit · $OPCH buy
Wed 5/6
$7.5B
6.9:1 · indices at highs · $GS Congress exit
Thu 5/7
$2.1B
4.1:1 · Congress buys $TDG · $GOLD buy
Fri 5/8
$2.3B
6.3:1 · Congress exits $AVGO+$LRCX · $CRWV Day 4
Week Closed — Full Picture
$14.9B across five sessions. Wednesday's $7.5B dominated on a record-high market day. Congressional AI exit arc completed in full: $PLTR → $GS → $AVGO + $LRCX, replaced with defense, staples, nuclear, and domestic energy. $CRWV confirmed as the week's most persistent single-ticker sell story at $599M across 8 trades. Thursday's moderation (4.1:1) was genuine but brief — Friday reverted to 6.3:1. The weekly recap and AI Detection Report publish this weekend.
← Previous Session
Thursday May 7 — $549M & Congress Returns to the Buy Side 🏛️
→
Congress Exited $AVGO and $LRCX.
The AI Exit Arc Is Now Complete.
Software → financial infrastructure → chips → fab equipment. Every layer of the AI trade was exited by lawmakers this week. InsiderPopup tracks every STOCK Act disclosure the moment it files. The full weekly analysis publishes this weekend.
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