NEW YORK, May 29, 2026, 18:02 EDT
- Nvidia finished the session off 1.45% at $211.14. Shares rebounded in after-hours, adding 0.72%. Wall Street indexes notched new record closes.
- Investors will watch Computex in Taiwan next week for new comments from CEO Jensen Huang about demand for AI infrastructure.
- China and Taiwan tensions remain a key risk, along with the chance that AI spending might fall short of high expectations.
Nvidia shares fell 1.45% to $211.14 on Friday, missing out on gains that sent the broader market to fresh records during an AI-driven rally. Traders looked ahead to the Computex event in Taiwan and any news from CEO Jensen Huang. Nvidia was up 0.72% to $212.65 after the close, according to Google Finance.
Nvidia is still the top public-market proxy for AI infrastructure like chips, networking gear and software for training and running large AI models. The Nasdaq Composite edged up 0.21% to 26,972.62 Friday. The S&P 500 and Dow also finished at record highs, according to Reuters.
Computex in Taiwan kicks off June 2-5, with Nvidia CEO Jensen Huang scheduled to deliver the keynote on Monday. Investors are watching for updates on Nvidia’s data-center portfolio, the Vera Rubin AI platform, and moves into CPUs. During his visit to Taiwan, Reuters said Huang has already met with TSMC, Foxconn, and Quanta executives.
Nvidia’s results remain in focus. The company last week reported first-quarter revenue up 85% year-on-year to $81.6 billion. Data-center revenue jumped 92% to $75.2 billion as demand from AI customers continued. Nvidia also cleared a new $80 billion buyback, using cash to repurchase shares.
Nvidia CEO Jensen Huang said the company’s “AI factories” are “accelerating at extraordinary speed,” referring to data centers centered on AI output. CFO Colette Kress told analysts the quarter showed “revenue, operating income, and free cash flow exceeding our prior records.” Kress also flagged the roll-out of the Blackwell chip system among cloud firms, model developers and government buyers.
The rest of the AI group held up better. Dell jumped 32.8% after lifting its full-year guidance. Reuters said Dell’s AI server revenue came in at $16.1 billion, above the company’s $14.6 billion in PC sales for the quarter. The numbers added fuel to the AI demand story across the market, even as Nvidia fell.
Broadcom jumped 4.81% to $446.77, while Advanced Micro Devices slipped 0.38% to $516.10, market data showed. The moves suggest investors kept interest in chips but were selective about where to put money.
“There’s definitely euphoric sentiment in the market around AI,” Ohsung Kwon, chief equity strategist at Wells Fargo, told Reuters. “The rally has really been driven by earnings.” Investors are enthusiastic, but much of that depends on whether AI spending keeps paying off in profits. Reuters
Ryan Fletcher, partner at McKinsey & Company, told Reuters, “Taiwan’s AI role is moving from a semiconductor story to an infrastructure story.” That shift is important for Nvidia, which needs more than chips now. Its growth depends on power, cooling, networking, and server supply chains for large AI systems. Reuters
Nvidia said it isn’t counting on any data-center compute revenue from China in its second-quarter outlook. Computex comes as Taiwan faces more pressure, with Reuters saying China has stepped up military moves near the island. If China sales stay closed, supply shrinks, or customers pause AI infrastructure buys, Nvidia’s valuation could face more strain than Friday’s small drop.
Nvidia’s stock is stuck for now, supported by earnings tied to the AI buildout but weighed down by high expectations. Even record results haven’t brought a steady rally. The company’s next showing in Taiwan next week could give the shares a boost or add to the doubts.
