By WSJ staff
Nvidia (NVDA): The chip giant reported record sales and income that beat analyst expectations, driven by demand for data-center computing and the rise of AI agents. Shares flitted between small gains and losses premarket.
Rocket Lab (RKLB): Shares of the launch-and-satellite company, which has aimed to go toe-to-toe with SpaceX and other heavyweights in the space industry, fell more than 5% premarket after Elon Musk's rocket company filed a prospectus for a stock offering that could raise $80 billion or more. Other space-based businesses, including Virgin Galactic $(SPCE)$ and AST SpaceMobile $(ASTS)$, advanced.
Advanced Micro Devices $(AMD)$: The chipmaker is gearing up to invest more than $10 billion across Taiwan's semiconductor sector to meet growing demand for AI infrastructure. Shares ticked down slightly.
Scottish Mortgage Investment Trust (UK:SMT) and Edinburgh Worldwide Investment Trust (UK:EWI): Shares in the U.K. investment trusts, which have stakes in SpaceX, rose more than 2% after the rocket company's Wednesday filing.
Intuit $(INTU)$: The maker of TurboTax and QuickBooks plans to lay off 17% of its workforce as it remakes itself into an AI-first platform. Shares fell 12% premarket.
Samsung Electronics (KR:005930), LG Electronics (KR:066570), SK Hynix (KR:000660): South Korean semiconductor and electronics manufacturers' stocks rallied, following strong quarterly results from Nvidia and comments from its CEO Jensen Huang on opportunities in "physical AI." Samsung also benefited from an 11th-hour labor-dispute resolution that averted a crippling 18-day strike.
Walmart $(WMT)$ shares edged up ahead of its earnings report this morning.
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(END) Dow Jones Newswires
May 21, 2026 05:53 ET (09:53 GMT)
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