{"id":811177,"date":"2026-05-21T01:53:15","date_gmt":"2026-05-21T01:53:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/811177\/"},"modified":"2026-05-21T01:53:15","modified_gmt":"2026-05-21T01:53:15","slug":"cnbc-daily-open-nvidia-posts-strong-quarter-ai-leaders-race-to-ipo","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/811177\/","title":{"rendered":"CNBC Daily Open: Nvidia posts strong quarter, AI leaders race to IPO"},"content":{"rendered":"

Jensen Huang, chief executive officer of Nvidia Corp. speaks during a Bloomberg Television interview on the sidelines of the Dell Technologies World Annual Convention event in Las Vegas, Nevada, US, on Monday, May 18, 2026. <\/p>\n

Ian Maule | Bloomberg | Getty Images<\/p>\n

Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of the CNBC Daily Open.<\/p>\n

Big Tech has dominated the news cycle, with Nvidia delivering another quarter of strong revenue growth, as AI leaders like SpaceX and OpenAI move closer to IPOs. <\/p>\n

Meanwhile, Wall Street rebounded sharply amid cooling oil prices and moderating rate concerns, with Asia following suit. <\/p>\n

Enjoy!<\/p>\n

What you need to know today<\/p>\n

Nvidia will be the talk of town after posting another strong quarter<\/a>, with data center revenue \u2014 the heart of its AI business \u2014 nearly doubling year-over-year on relentless demand for its GPUs.\u00a0<\/p>\n

But while the results beat expectations across the board, the company’s shares slipped in after-hours trading as investors scrutinized guidance, margins and the sustainability of hyper-growth amid rising competition.<\/p>\n

Watch Jensen Huang’s full interview with CNBC by clicking here<\/a>.<\/p>\n

The earnings came after a trading day that saw Wall Street stage a strong rebound, with the Dow surging more than 600 points<\/a> as easing oil prices and moderating rate concerns lifted sentiment. The S&P 500 and Nasdaq also posted solid gains.<\/p>\n

Big Tech dominated market news, with Elon Musk’s SpaceX filing its long-awaited IPO prospectus<\/a> as it advances toward what could be one of the largest and most watched IPOs in history.\u00a0<\/p>\n

While SpaceX didn’t say how much it plans to raise, it is reportedly aiming to reel in around $75 billion. That’s more than triple the size of the biggest U.S. IPO to date, which was Alibaba.\u00a0<\/p>\n

However, SpaceX, which also owns Musk’s AI company xAI, is far from the only major U.S. tech company racing to IPO this year. OpenAI is preparing to confidentially file a draft of its IPO prospectus<\/a> as soon as Friday, CNBC confirmed on Wednesday, as an AI IPO horse race heats up.\u00a0<\/p>\n

While news of an IPO from Anthropic has been comparatively muted, the company’s growth is accelerating rapidly, with Q2 revenue on track to reach $10.9 billion<\/a>, a source has told CNBC.\u00a0<\/p>\n

In Asia, investors will be focusing on another AI beneficiary in memory giant Samsung Electronics. The company has narrowly avoided disruption after its union suspended a planned strike<\/a> following a last-minute tentative agreement on wages and bonuses.\u00a0<\/p>\n

The deal, reached through mediated talks, will go to a member vote and is likely to offer temporary relief to global semiconductor supply chains critical to the AI boom.<\/p>\n

Traders also continue to monitor geopolitical developments in the Middle East, with Oil prices retreating<\/a> below the $100 psychological level after President Trump indicated U.S.-Iran negotiations are in their final stages.\u00a0<\/p>\n

Meanwhile, Asia-Pacific markets opened higher<\/a> Thursday, tracking Wall Street gains, as optimism that the Middle East conflict could end soon grows.<\/p>\n

\u2014 Dylan Butts <\/p>\n

And finally…<\/p>\n

Bezos defends billionaires, hypes AI, talks taxes and praises Trump in CNBC interview<\/a><\/p>\n

Ultrabillionaire Jeff Bezos<\/a> on Wednesday hyped artificial intelligence<\/a>, blamed government meddling for economic woes<\/a> and broadly defended himself and his megarich peers in an exclusive interview with CNBC.<\/p>\n

But the Amazon<\/a>\u00a0and Blue Origin founder, in a wide-ranging interview with Andrew Ross Sorkin<\/a>, initially struck a populist tone, at times sounding more like some progressive Democrats<\/a> than one of the most successful capitalists in history.<\/p>\n

“It’s kind of a tale of two economies,” Bezos told Sorkin at the start of the interview when asked about growing criticism toward billionaires. “You have a bunch of people in this country who are doing really well, but you also have a bunch of people in this country who are struggling.”<\/p>\n

\u2014 Kevin Breuninger, Annie Palmer<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Jensen Huang, chief executive officer of Nvidia Corp. speaks during a Bloomberg Television interview on the sidelines 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