Nvidia continues record breaking streak but not everyone is convinced

In the United States, on 21 May 2026, Nvidia reported record quarterly profit of $58.3 billion, with revenue up 85% on demand for AI chips. Investors were not impressed: BBC World wrote that the record result failed to impress, and Euronews and Bloomberg reported that shares dipped and stock futures fell.

Other market news of the day involved planned share offerings. SpaceX's IPO filing omits China as a market but warns that it is a threat, and Musk is eyeing a record Wall Street debut. SpaceX, OpenAI and Anthropic are each heading toward going public, and SoftBank shares surged almost 20% on the OpenAI and SB Energy IPOs.