Nvidia’s Post-Earnings Pause Puts the Spotlight on Two Upcoming Conference Appearances
24.05.2026 - 14:12:53 | boerse-global.de
Nvidia’s stock has pulled back sharply from its mid?May highs even as the chipmaker delivered a record quarterly performance and set sights on $91 billion in second?quarter revenue. Investors now turn to the company’s management for reassurance — and two major technology conferences over the next two weeks will provide the stage.
The shares traded at €185.46 on Friday, roughly 8% below the 52?week peak reached on May 14. Over the past seven trading days the stock has shed about 4.3%, and the relative strength index has fallen to 40.5, signalling that momentum has cooled considerably. Market observers describe the move as a classic round of profit?taking after a steep rally.
Record Quarter, Higher Bar Ahead
Nvidia’s first?quarter results were nothing short of spectacular. Revenue surged 85% year?over?year to $81.6 billion, with the data?center business jumping 92% to $75.2 billion. For the current quarter, management has set guidance at roughly $91 billion — well above consensus analyst estimates. CEO Jensen Huang framed the opportunity in sweeping terms, calling it the largest infrastructure expansion in human history as “agentic AI” scales across industries.
Yet the market reaction on Friday was muted at best. The stock fell nearly 2% and was one of the weakest performers in the Dow Jones. Analysts at William Blair remain upbeat, pointing to sustained hardware spending by the big tech hyperscalers as a durable tailwind.
Should investors sell immediately? Or is it worth buying Nvidia?
New Reporting Structure Aims for Greater Transparency
Beginning with the latest results, Nvidia has revamped its segment reporting. The company now distinguishes between Data Center and Edge Computing platforms, and within Data Center it separately breaks out hyperscale customers from the ACIE category — which covers AI clouds, industrial clients and enterprise. This change is designed to give investors a clearer picture of whether demand is being driven by the largest cloud operators or by a broader base of AI adopters.
Under the old structure, the compute segment accounted for $60.4 billion in revenue while networking contributed $14.8 billion — a 199% leap. The new breakdown should help analysts assess the sustainability of the AI buildout.
Macro Risks and Technical Levels
Adding to the uncertainty, a batch of U.S. economic data is due on May 28 — the same day Nvidia’s management is scheduled to appear at the TD Cowen technology conference. The PCE price index, the second estimate of first?quarter GDP, and durable goods orders will all be released. For a richly valued growth stock like Nvidia, inflation or growth surprises can quickly shift sentiment.
Technically, the stock is trading in a zone that warrants attention. On Friday it oscillated between $214.80 and $221.01 on the U.S. exchange. The lower boundary of that range now serves as immediate support. The 50?day moving average sits at €168.44, roughly 10% below the current price level.
Vera Rubin Platform and the Next Growth Wave
On the technology front, Nvidia recently unveiled the “Vera Rubin” platform, which includes a custom CPU designed specifically for agentic AI applications. The architecture is intended to extend the company’s dominance into new market segments. Details on customer adoption and the platform’s roadmap are expected to be a key topic at the upcoming conferences — first at TD Cowen on May 28, then at BofA’s Global Technology Conference on June 4.
Nvidia at a turning point? This analysis reveals what investors need to know now.
Shareholder Returns Remain Aggressive
Nvidia returned roughly $20 billion to shareholders in the first quarter through a combination of buybacks and dividends. The company’s multi?billion?dollar capital?return program continues with no sign of slowing. The annual general meeting is scheduled for June 24.
With the stock retreating from its peak, the next two weeks will test whether management can convince the market that the AI infrastructure cycle is still in its early innings. The TD Cowen and BofA appearances — along with the macro data due on May 28 — will provide the narrative that could determine whether the recent sell?off is a buying opportunity or the beginning of a deeper correction.
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