NVIDIA Corp. CEO Jensen Huang speaks in an interview with Bloomberg TV on the sidelines of the Dell Technologies World Annual Convention event on Monday, May 18, 2026 in Las Vegas, Nevada, USA.
Ian Moll | Bloomberg | Getty Images
Hello, my name is Dylan Butts from Singapore. Welcome to another edition of CNBC Daily Open.
As AI leaders like SpaceX and OpenAI approach IPOs, Nvidia delivers four more quarters of strong revenue growth, and Big Tech dominates the news cycle.
Meanwhile, Wall Street rebounded sharply as oil prices slumped and interest rate concerns eased, and Asia followed suit.
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What you need to know today
Nvidia will be in the headlines after posting a strong quarter, with data center revenue, the core of its AI business, nearly doubling year-over-year due to unrelenting demand for GPUs.
But even though the results beat expectations across the board, the company’s shares fell in after-hours trading as investors scrutinized its guidance, profit margins and the sustainability of its hypergrowth amid intense competition.
Click here to read Jensen Huang’s full interview with CNBC.
The results came after a trading day that saw a strong rebound on Wall Street, with the Dow Jones Industrial Average rising more than 600 points as easing oil prices and easing interest rate concerns lifted sentiment. The S&P 500 and Nasdaq also posted solid gains.
Big Tech dominated market news as Elon Musk’s SpaceX filed its long-awaited IPO prospectus as it moves toward what could be one of the largest and most high-profile IPOs in history.
SpaceX has not said how much money it plans to raise, but it is reportedly aiming to raise about $75 billion. This is more than three times the size of Alibaba, which was the largest IPO in the US to date.
But SpaceX, which also owns Mr. Musk’s AI company xAI, is not the only major U.S. tech company competing for an IPO this year. As AI IPO competition intensifies, OpenAI is preparing to secretly file a draft IPO prospectus as early as Friday, CNBC confirmed on Wednesday.
While news about Anthropic’s IPO has been relatively muted, the company’s growth is accelerating rapidly, with second-quarter revenue expected to hit $10.9 billion, people told CNBC.
In Asia, investors will focus on another AI beneficiary: memory giant Samsung Electronics. The company has narrowly avoided chaos after its union called off a planned strike following a last-minute tentative agreement on wages and bonuses.
The deal, which was reached through mediation and will be put to a vote by member countries, is likely to provide temporary relief to the global semiconductor supply chain vital to the AI boom.
Traders also continue to monitor geopolitical developments in the Middle East, with oil prices below the psychological level of $100 after President Trump indicated that negotiations between the United States and Iran are in the final stages.
Meanwhile, Asia-Pacific markets opened higher on Thursday, tracking Wall Street’s gains, amid growing optimism that the Middle East conflict may soon end.
— Dylan Butts
And finally…
Bezos defends billionaires, hypes AI, talks taxes, praises Trump in CNBC interview
Superbillionaire Jeff Bezos touted artificial intelligence in an exclusive interview with CNBC on Wednesday, blamed government intervention for the economic crisis and broadly defended himself and his fellow billionaires.
But the Amazon and Blue Origin founder initially struck a populist tone in a wide-ranging interview with Andrew Ross Sorkin, at times sounding more like some progressive Democrat than one of history’s most successful capitalists.
“This is like a story of two economies,” Bezos told Sorkin at the beginning of the interview, when asked about the growing criticism of billionaires. “There are a lot of people in this country who are doing very well, but there are also a lot of people in this country who are struggling.”
— Kevin Breuninger, Annie Palmer
