Breakfast News: Nvidia Beats But The Market Yawns

Breakfast News: Nvidia Beats But The Market Yawns

May 21, 2026

| Wednesday's Markets | | --- | | S&P 500 7,433 (+1.08%) | | Nasdaq 26,270 (+1.54%) | | Dow 50,009 (+1.31%) | | Bitcoin $77,604 (+1.11%) |

Source: Image created by Jester AI.

1. NVDA Struggles to Rally Despite AI Beat

**Nvidia **(NVDA 1.78%) was little changed in pre-market trading after CEO Jensen Huang said the company has "largely conceded" the Chinese market to Huawei, despite strong accompanying quarterly results.

• "Nvidia is the only platform that runs every frontier AI model": Huang struck a positive tone with respect to the coverage of products going forward, with the Vera CPU being a "major growth driver" that could unlock a $200 billion revenue opportunity.
• "They just reported another quarter that will likely never be matched by any other company": Fool analyst Seth Jayson said "it's hard to imagine what Nvidia needs to do to impress the market, at least after hours," but after digesting the results he concludes Nvidia is "the most consequential AI company on the planet."

2. What You Might've Missed on Wednesday

• e.l.f Beauty (ELF +4.65%) rose over 10% ahead of the market open thanks to results beating revenue and earning expectations. International sales surged 75% year over year, aiding a 29th consecutive quarter of net sales growth. The stock is recommended by both Team Rule Breakers and Team Hidden Gems.
• EnerSys (ENS +11.35%) rose around 6% in pre-market trading as strong revenue guidance accompanied robust results. Accelerating demand from data centers needing backup power is helping the Team Hidden Gems rec.
• Intuit (INTU 19.98%) fell over 13% before the opening bell due to the earnings report detailing slower revenue growth and a 17% workforce reduction to simplify the Stock Advisor rec by Team Rule Breakers.

3. Bloom and Nebius Agree AI Power Deal

**Bloom Energy **(BE +8.93%) closed over 8% higher yesterday as the company announced a deal with Nebius Group (NBIS +14.65%) to provide fuel cell technology to help power Nebius's AI infrastructure build-out, with some capacity expected to be operational this year.

• "Power remains a key constraint for AI infrastructure build-outs": Nebius CEO Andrey Korolenko explained why the deal is so important, with the added benefit of using clean energy from Bloom ensuring "virtually no pollutants" are deployed onsite.
• Contract worth up to $2.6 billion in service fees for Bloom: The move from Nebius reflects the broader sector move to invest heavily in alternative energy sources to help power AI data centers.

4. Thursday Earnings From Team Hidden Gems' Recs

• Deere & Co (DE 5.19%) nudged up about 1% ahead of the opening bell as results easily beat expectations, helping to offset the broader cyclical downturn with demand from construction equipment. The stock is outperforming the S&P 500 by 12% since the May 2024 Hidden Gems rec.
• **Deckers **(DECK +4.46%) reports following the closing bell. Momentum with HOKA, along with brand demand for UGG, will be monitored after the flagship brands helped support previous quarter results.
• **Zoom **(ZM 2.69%) will release earnings after the market closes. Enterprise revenue growth helped to do the heavy lifting last quarter, with a focus on this area again, along with monetization of recent AI upgrades. Team Rule Breakers has also previously recommended Zoom in Stock Advisor.

5. Your Take

Recommended in Motley Fool services by Team Rule Breakers, Bloom Energy has skyrocketed over 200% year to date. Another Fool favorite, with traits that has led to it being recommended by both Team RB and Team HG, Rocket Lab (RKLB 6.58%) is up close to 100% in 2026 so far.

How do you balance conviction in the business against the fear of buying at the top? What helps you make the call?

Debate with friends and family, or become a member to hear what your fellow Fools are saying!