Tech stocks today: Investors gear up for Nvidia earnings, OpenAI v. Elon Musk trial decision

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Mon, May 18, 2026 astatine 6:11 AM CDT 1 min read

Tech stocks were looking to bounce backmost from a slump astatine the extremity of past week.

One of the biggest events investors are looking guardant to this week is the quarterly net study from the AI behemoth and $5 trillion+ institution Nvidia (NVDA).

Nvidia’s results travel retired connected Wednesday, aft CEO Jensen Huang traveled to China with President Trump. Investors were hoping Chinese President Xi Jinping would let Nvidia to import much chips to the country, but Trump told reporters Friday that China is alternatively focusing connected processing its ain AI processors.

Investors are besides watching Nvidia rival Cerebras (CBRS), aft its banal soared 68% successful its nationalist debut past Thursday, sending a beardown awesome arsenic the archetypal of galore AI institution archetypal nationalist offerings this year.

And jurors successful Musk’s suit versus OpenAI (OPAI.PVT) volition statesman deliberations Monday aft lawyers for some sides springiness their closing arguments Thursday.

Musk’s suit against 1 of the world’s astir invaluable backstage companies has provided a fig of details astir the interior workings of OpenAI and the relationships betwixt Musk, Altman, president Greg Brockman, erstwhile main exertion serviceman Mira Murati, and erstwhile committee subordinate and parent of 4 of Musk’s children, Shivon Zilis.

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Nvidia to study Q1 net arsenic spot contention grows

AI heavyweight Nvidia (NVDA) volition study its archetypal 4th results connected May 20, successful what is easy 1 of the astir anticipated announcements of the net season.

Yahoo Finance’s Daniel Howley previews what to expect:

In summation to its China woes, Nvidia is contending with expanding contention successful the AI spot space. Chip institution Cerebras (CBRS) held its archetypal nationalist offering connected Thursday, with shares climbing 68%.
Cerebras sells a antithetic signifier of AI processor than Nvidia, which the institution says offers faster wide show speeds.
Nvidia is besides facing ever-increasing contention from AMD (AMD), which volition motorboat a competing rack-scale server strategy aboriginal this year, arsenic good arsenic from customers, including Amazon (AMZN) and Google (GOOG, GOOGL), which are offering their AI chips to third-party customers.
In its latest net report, Amazon announced that its spot concern present has an yearly gross tally complaint of much than $20 cardinal and is increasing astatine triple-digit percentages twelvemonth implicit year.

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