Nvidia Earnings Lead to Share Slump; SpaceX IPO Details

Nvidia Earnings Lead to Share Slump; SpaceX IPO Details

From Bloomberg Daybreak: US Edition by Bloomberg

May 21, 2026 · 16 min

About this episode

The episode discusses Nvidia's earnings report and SpaceX's IPO filing, highlighting investor reactions and future business strategies.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Nvidia reported another blowout earnings report and beat analyst estimates, but faced skepticism from some investors. The tech giant aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces growing competition from chipmakers trying to carve out a piece of the AI computing business, and major buyers of Nvidia's technology are developing their own in-house components. Nvidia's sales gained 85% to $81.6 billion in the three months ended April 26, and the company boosted its quarterly dividend and announced $80 billion in stock repurchases, but investors were not swayed and shares slipped about 1% in late trading. 2) SpaceX filed for an initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The company's goals include a human settlement on Mars with at least 1 million inhabitants and making data centers in space a reality, part of a $28.5…

Topics covered

  • Nvidia earnings
  • SpaceX IPO
  • artificial intelligence
  • chip competition
  • investor sentiment

Keywords

  • Nvidia
  • SpaceX
  • IPO
  • Elon Musk
  • artificial intelligence
  • earnings report
  • investors
  • chipmakers

Mentioned in this episode

Organizations: Nvidia, SpaceX

Places: Iran, US

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