Today is Thursday, May 20, 2026.

The Early Bird Index today is 86.96.

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Nvidia $NVDA ( ▲ 1.3% ) posted strong across-the-board financial results and a new stock buyback on Wednesday, and yet the stock fell 1.26% in after-hours trading.

Financials: Nvidia reported earnings of $1.87 per share in the past quarter and revenue of $81.6 billion. Both were better than expected.

Details: Revenue surged 85%, including a 92% increase in data center revenue, to hit a company record. Nvidia also added a new $80 billion stock buyback and announced it expects revenue of around $91 billion in the current quarter.

Early Bird’s Nest Egg Gains: High expectations and massive market valuations mean that an incredible beat couldn’t drive shares higher. Traders are taking profits and calling it a sell-the-news move. Questions are looming about whether Nvidia can keep growing at the same pace after a huge run-up in the stock.

Final Thoughts: Nvidia also announced its transition to a new revenue reporting structure on Wednesday, which may have confused some investors.

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Cloud infrastructure is scaling fast.
AI-enabled devices are multiplying.
Automation is becoming standard.

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Notable Earnings Today: Walmart (Nasdaq: WMT), NIO (NYSE: NIO), Deckers Outdoor (NYSE: DECK), Webull (Nasdaq: BULL), Deere (NYSE: DE), Zoom Communications (Nasdaq: ZM), Workday (Nasdaq: WDAY), Take-Two (Nasdaq: TTWO), Advance Auto Parts (NYSE: AAP), Ross Stores (Nasdaq: ROST), Ralph Lauren (NYSE: RL), LiveRamp (NYSE: RAMP), NetEase (Nasdaq: NTES), Lionsgate Studios (NYSE: LION), Lightspeed (NYSE: LSPD), Advanced Drainage Systems (NYSE: WMS), Hamilton Lane (Nasdaq: HLNE), Flowers Foods (NYSE: FLO),  Copart (Nasdaq: CPRT), Endava (NYSE: DAVA), Shoe Carnival (Nasdaq: SCVL), Vipshop (NYSE: VIPS).

Notable IPOs Today: KPET Ultra Paceline Corporation (NYSE: KPET), Aperture AC Unit (Nasdaq: APURU), Conexeu Sciences Inc. Common Stock (Nasdaq: CNXU), FortuneX Acquisition Corporation Units (Nasdaq: FXACU), Octave Intelligence plc Class B Ordinary Shares When Issued (Nasdaq: OCTVV), Oceanhawk Acquisition Corp. Units (Nasdaq: OHACU).

Notable Equity Crowdfunding Campaigns Ending Today: Plum (Crowdcube).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Philadelphia Fed Manufacturing Index (8:30 a.m. ET), Philly Fed Employment (8:30 a.m. ET), Building Permits (8:30 a.m. ET), Housing Starts (8:30 a.m. ET), S&P Global Manufacturing PMI (9:45 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Despite posting good financial earnings results on Wednesday, Intuit $INTU ( ▼ 3.95% ) plunged 13.43% in after-hours trading.

Financials: Intuit reported earnings of $12.80 per share in the past quarter and revenue of $8.6 billion. Both were better than expected.

Powering the Story: On Wednesday, Intuit also announced plans to slash its workforce by 17%, which worried many investors.

Final Thoughts: The stock was already down 39% this year.

Applied Digital $APLD ( ▲ 7.92% ) jumped 7.67% in after-hours trading on Wednesday after announcing a new long-term lease agreement with a high investment-grade hyperscaler.

Final Thoughts: The stock was already up 40.59% in 2026.

Ready for Liftoff: SpaceX files for long-awaited public stock offering that could make Elon Musk a trillionaire (CNN)

Open for Business Soon: OpenAI Prepares to File to Go Public in Coming Weeks (New York Times)

Weak Demand: Why Trump's bitcoin ETF plans likely collapsed before getting off the ground (CoinDesk)

Going Higher: Fed officials see rate hike ahead if inflation stays elevated, minutes show (CNBC)

The Palmetto State’s Crypto Plan: South Carolina Passes Law Banning CBDCs While Protecting Crypto Users, Bitcoin Miners (Decrypt)

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_{The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.}