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Real-time News
On May 21, Goldman Sachs stated in a report that Nvidia (NVDA.O) outperformed expectations in its first fiscal quarter ending in April, with strong guidance and optimized capital allocation proving particularly strong. The firm believes that the sustainability of capital expenditures provides a clear path for Nvidia to continue outperforming the market. Goldman Sachs raised its earnings per share forecast for Nvidia by an average of 6% to reflect higher revenue expectations and a lower-than-expected tax rate (consistent with the companys guidance); and raised its price target from $250 to $285, maintaining a "buy" rating. Given Nvidias strong quarterly results and guidance far exceeding market expectations (despite already optimistic market sentiment prior to the earnings release), Goldman Sachs expects Nvidias stock price to rise moderately. Goldman Sachs noted that prior to the earnings release, investor expectations had already risen due to hyperscale cloud service providers raising their capital expenditure forecasts. However, Goldman Sachs believes that Nvidias second-quarter guidance still exceeds these already revised expectations.The European Commission states that the downward trend in long-term unemployment is nearing its end. In a more severe scenario, inflation will not ease, and the economy will fail to recover by 2027.European Commission Executive Vice-President Dombrovskis: The EU must keep financial support temporary and targeted, and further reduce its dependence on imported fossil fuels.European Commission: The war with Iran has triggered an energy shock, reigniting inflation and shaking market sentiment.On May 21st, Phil Rosen, an analyst at the well-known American business magazine Inc., stated that Nvidias (NVDA.O) earnings report once again easily surpassed Wall Streets profit expectations, quelling concerns about an AI bubble for at least another quarter. All the debates and bearish predictions regarding hyperscale vendor capital expenditures, data center construction, and technological leadership have vanished before this stunning balance sheet. In the first quarter of fiscal year 2026, Nvidias data center business alone contributed $75.2 billion, accounting for approximately 92% of total revenue. Hyperscale buyers contributed $38 billion; while the newly spun-out AI Cloud, Industrial, and Enterprise segment contributed $37.2 billion, a 31% increase quarter-over-quarter. This new segmentation of the business into cloud, industrial, and enterprise segments indicates that Nvidia is telling investors that the driving force behind the business is no longer just a few hyperscale vendors. At the same time, Nvidia increased its quarterly dividend 25 times to $0.25 per share and added an $80 billion share buyback program. In short, so far, the company has offered almost no cause for concern. And the data suggests that this situation is unlikely to change in the short term.
