Stocks in Asia rise as investors return to the AI trade, but Nvidia shares fall after the company’s earnings outlook does not meet the most optimistic expectations. Bloomberg reports that CEO Jensen Huang highlights Nvidia’s progress in diversifying its business, including a push toward “physical AI,” which he says could create a new large opportunity. Coverage across Bloomberg’s technology and markets segments frames Nvidia’s results as a test of whether the broader AI-driven stock rally has more room to run.
Separately, SpaceX files publicly for what would be the biggest-ever IPO, with reporting focusing on the financials disclosed in the filing and proposed governance. Bloomberg says the filing shows a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter, and it includes a super-voting share structure that would allow Elon Musk to retain control.
Bloomberg also notes IPO activity around OpenAI, with insiders suggesting a filing could come as soon as Friday. Additional context mentioned includes expectations from firms such as Goldman Sachs regarding the SpaceX deal and broader investor focus on near-term earnings and major IPO catalysts.
