NVIDIA RESULTS KEEP AI TRADE IN FOCUS AHEAD OF SHORT MARKET WEEK

Nvidia reported record revenue of $81.6 billion for the first quarter of fiscal 2027, up 85% from a year earlier, according to the company. Data centre revenue reached $75.2 billion, up 92% year over year, reflecting continued demand for AI infrastructure.

The results kept investor attention on AI-related stocks heading into a holiday-shortened trading week. Nvidia also announced an additional $80 billion share repurchase authorization and increased its quarterly cash dividend from $0.01 per share to $0.25 per share.

Investors are now watching whether that momentum extends beyond Nvidia. Investopedia reported that Dell Technologies, Synopsys, and Marvell Technology are scheduled to report earnings this week, alongside several retailers including Dollar Tree, Burlington Stores, Gap, and American Eagle Outfitters.

The retail results may provide a read on consumer demand as households continue to face pressure from fuel prices, inflation, and a weaker labour market. Investopedia reported that the Conference Board’s Consumer Confidence Index update is also expected Tuesday.

U.S. markets are closed Monday for Memorial Day. The week’s earnings and economic data could help show whether recent market strength remains concentrated in AI-linked companies or is spreading across consumer and industrial sectors.

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