{"id":149490,"date":"2026-05-21T01:34:21","date_gmt":"2026-05-21T01:34:21","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/05\/21\/nvidia-posts-strong-quarter-ai-leader-in-race-for-ipo\/"},"modified":"2026-05-21T01:36:21","modified_gmt":"2026-05-21T01:36:21","slug":"nvidia-posts-strong-quarter-ai-leader-in-race-for-ipo","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/05\/21\/nvidia-posts-strong-quarter-ai-leader-in-race-for-ipo\/","title":{"rendered":"Nvidia posts strong quarter, AI leader in race for IPO"},"content":{"rendered":"

\n<\/p>\n

<\/p>\n
\n
\n
\n

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

Ian Maule | Bloomberg | getty images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n

Hello, I’m Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC Daily Open.<\/em><\/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. <\/em><\/p>\n

Meanwhile, Wall Street bounced back sharply as oil prices eased and rate concerns eased, with Asia following suit. <\/em><\/p>\n

enjoy!<\/em><\/p>\n<\/div>\n

What you need to know today<\/h2>\n
\n

Will be the talk of the town after Nvidia Data center revenue \u2013 the heart of its AI business \u2013 is posting another strong quarter, with data center revenue nearly doubling year-on-year on continued demand for its GPUs. <\/p>\n

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

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

The earnings came after a trading day that saw a strong rally on Wall Street, with the Dow rising more than 600 points as softening oil prices and rate concerns eased sentiment. The S&P 500 and Nasdaq also posted solid gains.<\/p>\n

Big Tech continues to dominate market news, with Elon Musk’s SpaceX filing its long-awaited IPO prospectus in what could be one of the largest and most-watched IPOs in history. <\/p>\n

Although SpaceX did not disclose how much it plans to raise, it is reportedly aiming to raise around $75 billion. This is more than triple the size of the largest US IPO ever, which was Alibaba. <\/p>\n

However, SpaceX, which also owns Musk’s AI company xAI, is far from the only major US tech company in the race for an IPO this year. OpenAI is preparing to confidentially file a draft of its IPO prospectus as soon as Friday, CNBC confirmed on Wednesday, as the AI \u200b\u200bIPO horse race heats up. <\/p>\n

News of Anthropic’s IPO has been relatively short-lived, but the company’s growth is accelerating, with second-quarter revenue on track to reach $10.9 billion, a source told CNBC. <\/p>\n

In Asia, investors will focus on another AI beneficiary in memory giant Samsung Electronics. The company has avoided disruption after the union postponed a planned strike after a last-minute tentative agreement on pay and bonuses. <\/p>\n

The agreement, reached through mediated talks, will go to a member vote and is likely to provide temporary relief to global semiconductor supply chains critical to the AI \u200b\u200bboom.<\/p>\n

Traders are also keeping an eye on geopolitical developments in the Middle East, with oil prices falling below the psychological level of $100 after President Trump indicated that US-Iran talks are in their final stages. <\/p>\n

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

– Dylan Butts<\/em> <\/p>\n<\/div>\n

And finally…<\/h2>\n
\n

Bezos defends billionaires, promotes AI, discusses taxes and praises Trump in CNBC interview<\/p>\n

Billionaire Jeff Bezos on Wednesday promoted artificial intelligence, blamed government interference for the economic crisis and broadly defended himself and his megarich peers in an exclusive interview with CNBC.<\/p>\n

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

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

– Kevin Breuninger, Annie Palmer<\/em><\/p>\n<\/div>\n

Choose CNBC as your favorite source on Google and never miss a moment of the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Nvidia Corp Chief Executive Officer Jensen Huang speaks during a Bloomberg Television interview on the sidelines of the Dell Technologies World Annual Convention event in Las Vegas, Nevada, U.S., on Monday, May 18, 2026. Ian Maule | Bloomberg | getty images Hello, I’m Dylan Butts writing to you from Singapore. Welcome to another edition of<\/p>\n","protected":false},"author":1,"featured_media":149492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[4710,362,2215,4974,4324,1197,1790],"class_list":["post-149490","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bible-news","tag-ipo","tag-leader","tag-nvidia","tag-posts","tag-quarter","tag-race","tag-strong"],"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/149490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=149490"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/149490\/revisions"}],"predecessor-version":[{"id":149493,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/149490\/revisions\/149493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/149492"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=149490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=149490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=149490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}