May 20, 2026: Nvidia Earnings Beat, SpaceX Files IPO Paperwork, More
episodePreviously titled “Nvidia Earnings Beat, SpaceX Files IPO Paperwork, More” — renamed by the publisher on Aug 2, 2026
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it. With Bloomberg News Now, I'm Doug Krisner. After the bell, NVIDIA gave an upbeat sales forecast. Revenue in the current quarter will be $91 billion, plus or minus 2%. We got reaction from Keith Lerner, CIO and Chief Market Strategist at Truist.
You know, the market is reflecting that it expects a slowdown in that growth, but again, still pretty healthy. And overall, for the semiconductor industry, I think this just tells you there's still huge demand for compute. And even though these semiconductor stocks have had a big run and are due for a pause, they're extended. I think this will just validate that the dominant theme of this bull market that is still very much intact is AI and tech.
That is Keith Lerner, CIO and Chief Market Strategist at Truist. NVIDIA also authorized an additional stock buyback plan worth $80 billion, and the company boosted its quarterly cash dividend to 25 cents from one cent. Shares in NVIDIA are a little changed in late U.S. trading. SpaceX has filed publicly for its initial public offering. It brings the rocket satellite and AI company a step closer to the world's largest ever IPO. Here is Bloomberg's Ed Ludlow.
If they get their rocket launch system fully reusable and the cadence right, they build out a massive network of satellites that operate as data centers. But the point of the data centers is inference, running AI workloads on a dollar per token basis that would make them, if they can get the economics of it right, better and more competitive than a data center here on Earth, Terra Firma, that's a big tin can with lots of servers on it. And the money raised from this IPO is used to buy GPUs.
That is Bloomberg's Ed Ludlow. Now, SpaceX is targeting as much as $75 billion in this listing at a valuation of more than $2 trillion. Anthropic is on pace for its first profitable quarter after a surge in revenue driven by demand for its AI software, Claude. Revenue is expected to double to $10.9 billion in the current quarter. Anthropix quarterly revenue is now growing faster than Zoom did during the pandemic. Earlier in the week, New York City Mayor Zoran Mamdani held individual meetings with JPMorgan Chase CEO Jamie Diamond and Goldman Sachs CEO David Solomon. These meetings came as Mamdani backed proposals that push higher taxes on the wealthy. Here is Diamond speaking about that meeting.
And we talk about affordable housing and childcare, which are his two things. Well, of course, everyone I know thinks we should do more affordable housing, but I told him it's smart policy that gets that. You can say it all you want, but if you watch governments, they do some things that have the absolute opposite effect of what they say. And I can go through a million examples. Same for childcare. It's got to be done right. It's got to be done effectively. It's got to be place-based. It's got to work. It's got to be thoughtful and stuff like that. Every city, but he had read my chairman's letter, and we went through that every city has to compete, and they have to compete at every level.
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