NEW YORK, May 30, 2026, 18:05 (EDT)
Nvidia is set for another test next week after closing out a short trading week on a weaker note. The company’s shares closed at $211.14 on Friday, off 1.45% for the day and down roughly 1.9% from May 22. Reuters said Saturday that Nvidia and Microsoft are planning to show off the first Windows PCs running on Nvidia chips as the main processor next week.
Timing is key as investors want another piece of evidence after Nvidia’s last results pushed expectations even higher. Nvidia posted record Q1 revenue at $81.6 billion, up 85% from a year ago. Data-centre revenue jumped 92% to $75.2 billion. The company also announced an $80 billion buyback and raised its dividend to 25 cents from 1 cent.
Strong AI chip demand isn’t in question anymore. The focus is on whether Nvidia can expand its market reach. The company is pushing further into central processing units, or CPUs, moving past the graphics processing units, or GPUs, that handle the heavy calculations fueling the current run in AI.
Nasdaq is closed for the weekend. The exchange also lost a day of trading this week with the Memorial Day holiday on Monday, May 25. Nasdaq usually trades from 9:30 a.m. to 4 p.m. Eastern, Monday to Friday.
Nvidia shares slipped Friday even as the rest of the market held up. The Nasdaq Composite ended 0.2% higher at 26,972.62. The S&P 500 also added 0.2% to 7,580.06. For the week, the Nasdaq climbed 2.4% and the S&P 500 put on 1.4%. Dell shot up 32.8% after its results pointed to more AI computing demand.
Nvidia is poised to link up with Microsoft’s local Windows AI plans through the reported PC launch. These AI agents handle multi-step jobs and cut down on user input. For now, Qualcomm builds Arm-based CPUs for Windows notebooks, and Intel and AMD are still the main chip vendors for these laptops, Reuters said.
Carolina Milanesi, analyst at Current Strategies, told Axios it’s “a good thing” for the industry that Nvidia is moving into the PC market. She said Nvidia’s real chance is getting its new processor into data centres; the PC push is more of a side bet than the main target. Axios
Taiwan is set to be back in focus for the Nvidia trade this week. Reuters said on Friday that Nvidia and Taiwan’s position in AI infrastructure are expected to drive Computex, with CEO Jensen Huang meeting with leaders from TSMC, Foxconn and Quanta Computer. “Taiwan’s AI role is moving from a semiconductor story to an infrastructure story,” said Ryan Fletcher, partner at McKinsey & Company. Reuters
Huang is talking up the “AI factories” push. In Nvidia’s earnings statement, he called these data centers, which handle specialized AI jobs, “accelerating at extraordinary speed.” NVIDIA Newsroom
Nvidia’s downside risk is still out there. Reuters said after the results that some of Nvidia’s biggest customers are putting money into their own custom chips. Intel and AMD are also trying to grab AI inference CPU sales, which cover the compute jobs needed to run models. Huang said Nvidia might keep hitting supply limits throughout the Vera Rubin platform. That means demand could keep beating what it can ship.
Nvidia fell this week, but the indexes finished higher. Traders are watching for more details on PCs, CPUs, and Nvidia’s next AI hardware from a Sunday-night U.S. keynote in Taipei before the stock opens again. Nvidia’s GTC Taipei keynote is on June 1 in Taiwan. GTC sessions are set for June 2-4, and Computex runs June 2-5.
