US Top News and Analysis | Why Nvidia's massive earnings report isn't driving the market higher on Thursday

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Nvidia reported a massive fiscal‑2027 first‑quarter earnings beat, posting record profit and revenue, a near‑100 % year‑over‑year jump in data‑center sales, an $80 billion share‑buyback, and a revised reporting format that highlighted its data‑center strength, prompting several Wall Street shops—including Bank of America, Jefferies, Bernstein, Wedbush and Evercore ISI—to lift their price targets. Yet the stock slipped about 1 % in early trading and the broader market showed only a muted reaction. Analysts attribute the lackluster response to investor complacency and a growing focus on memory‑chip suppliers (such as Micron, Synaptics, Samsung and Hynix) over GPU makers, as well as a generally low fear gauge (VIX around 17) and a market that remains near its all‑time highs despite high oil prices and fresh inflation data. The takeaway is that Wall Street may need to give more credit to strong corporate news while still accounting for prevailing risks.

Read more: https://www.cnbc.com/2026/05/21/why-nvidias-massive-earnings-report-isnt-driving-the-market-higher-on-thursday.html

#Nvidia #BankofAmerica #MorganStanley #SP500 #WallStreet

US Top News and Analysis | What Goldman’s lead role in SpaceX’s record-breaking IPO means for investors

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Goldman Sachs landed the coveted “lead left” position on SpaceX’s historic IPO, positioning the bank to manage share allocation, pricing and valuation while earning a sizable portion of the underwriting fees. The space‑flight company’s offering—expected to be the largest ever, valued at about $1.25 trillion—could generate more than $500 million in fees, comparable to the $535 million Goldman reported in equity underwriting last quarter. The deal follows a surge in Goldman’s investment‑banking revenue, which rose 48 % to $2.84 billion, and signals the firm’s readiness to lead other mega‑IPOs, such as those anticipated from AI firms OpenAI and Anthropic. Analysts note that success with SpaceX would boost Goldman’s reputation and give it an edge over rivals like Morgan Stanley, Bank of America, Citigroup and JPMorgan in competing for future high‑profile offerings.

Read more: https://www.cnbc.com/2026/05/20/what-goldmans-lead-role-in-spacexs-ipo-means-for-investors.html

#GoldmanSachs #SpaceX #MorganStanley #JPMorgan #DavidSolomon

Sweden Herald - Latest Sweden News | Details: OpenAI to file for IPO by Sweden Herald

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OpenAI, the creator of ChatGPT, is planning to go public, with a confidential draft filing expected as early as Friday and a target IPO date in September, according to The Wall Street Journal, which reports the company has hired Goldman Sachs and Morgan Stanley to lead the process. The move follows a recent legal victory for OpenAI’s founders Sam Altman and Greg Brockman, who, together with Microsoft, won a lawsuit filed by Elon Musk—who sued in 2024 alleging a breach of OpenAI’s bylaws by converting it into a for‑profit entity. With the dispute resolved, the company appears ready to pursue its public‑market ambitions.

Read more: https://swedenherald.com/article/details-openai-to-file-for-ipo

#OpenAI #GoldmanSachs #MorganStanley #ChatGPT #businessnews #SamAltman #GregBrockman #ElonMusk

US Top News and Analysis | OpenAI to confidentially file for IPO as soon as Friday: Source

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OpenAI is preparing to confidentially file a draft of its IPO prospectus as early as Friday, according to sources and CNBC. The artificial‑intelligence firm, now valued at more than $850 billion by private investors, is working with banks including Goldman Sachs and Morgan Stanley on the filing, while an OpenAI spokesperson said the company’s focus remains on execution and that it routinely evaluates strategic options. The move follows earlier reports that the company could file by the fourth quarter, and comes as rival SpaceX, recently merged with xAI, is also set to disclose its own IPO prospectus. OpenAI’s rapid growth—fuelled by the 2022 launch of ChatGPT and backed by over $180 billion in investment—has positioned it among the world’s most valuable private firms, though it now faces increasing competition from peers such as Anthropic.

Read more: https://www.cnbc.com/2026/05/20/openai-ipo-filing.html

#OpenAI #GoldmanSachs #MorganStanley #SarahFriar #SamAltman

Business | Dogfight over California: The ugly battle between electric air taxi leaders Joby and Archer by Caroline Petrow-Cohen

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California’s two leading electric‑air‑taxi firms, Joby Aviation and Archer Aviation, are locked in a bitter legal battle even as they race to launch commercial eVTOL services. Joby has sued Archer and a former employee for allegedly stealing confidential technology, while Archer counters that Joby is hiding its dependence on Chinese money and parts and accuses it of fraud. Industry observers say Joby is ahead in development, producing about one aircraft a month and likely to secure FAA passenger certification in time for the 2028 Los Angeles Olympics, whereas Archer is believed to be one to two years behind, still working on pre‑production models. Both companies are courting investors and municipal airports—Archer recently spent over $100 million to acquire Hawthorne Airport—while the broader market is projected to be worth $1.5 trillion by 2040.

Read more: https://www.latimes.com/business/story/2026-05-20/dogfight-over-california-inside-legal-battle-between-archer-joby

#JobyAviation #ArcherAviation #GeorgeKivork #FAA #MorganStanley

CPU Demand Surge Tied to "Agentic AI," Morgan Stanley Notes Shift in Chip Spending

New agentic AI needs more CPUs, changing chip spending. Morgan Stanley predicts $60 billion for CPUs and memory by 2030.

#AgenticAI, #CPUDemand, #ChipIndustry, #MorganStanley, #AISystems

https://newsletter.tf/agentic-ai-boosts-cpu-demand-chip-spending-shifts/

Demand for CPUs is rising fast because of new agentic AI, unlike the past focus on GPUs. Morgan Stanley expects chip spending to grow by $60 billion by 2030.

#AgenticAI, #CPUDemand, #ChipIndustry, #MorganStanley, #AISystems
https://newsletter.tf/agentic-ai-boosts-cpu-demand-chip-spending-shifts/