Tech stocks today: Investors gear up for Nvidia earnings, OpenAI v.
Elon Musk trial decision Tech stocks were looking to bounce back from a slump at the end of last week
One of the biggest events investors are looking forward to this week is the quarterly earnings report from the AI behemoth and $5 trillion+ company Nvidia (NVDA). Nvidia’s results come out on Wednesday, after CEO Jensen Huang traveled to China with President Trump. Investors were hoping Chinese President Xi Jinping would allow Nvidia to import more chips to the country, but Trump told reporters Friday that China is instead focusing on developing its own AI processors.
Investors are also watching Nvidia competitor Cerebras (CBRS), after its stock soared 68% in its public debut last Thursday, sending a strong signal as the first of many AI company initial public offerings this year. And jurors in Musk’s lawsuit versus OpenAI (OPAI.PVT) will begin deliberations Monday after lawyers for both sides give their closing arguments Thursday. Musk’s lawsuit against one of the world’s most valuable private companies has provided a number of details about the inner workings of OpenAI and the relationships between Musk, Altman, president Greg Brockman, former chief technology officer Mira Murati, and former board member and mother of four of Musk’s children, Shivon Zilis