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US Chip Stocks Market UpdateUS chip stocks performed quite well in pre-market trading today! Overall, there was an upward trend, with Nvidia leading the way, rising as much as 5.6%. On May 28, after the US stock market closed, Nvidia's Q1 fiscal year 2026 earnings report was nothing short of stunning. The data showed that the revenue for the quarter was approximately $44.1 billion, a 12% quarter-over-quarter increase and a significant 69% year-over-year increase, far exceeding the previously expected $43 billion. The gross margins calculated according to Generally Accepted Accounting Principles (GAAP) and Non-GAAP were 60.5% and 61.0%, respectively. Nvidia's founder and CEO Jensen Huang stated that the 'thinking machine' designed specifically for inference — the Blackwell NVL72 AI supercomputer — has now fully entered production, with strong global demand for Nvidia's AI infrastructure. Although the US government has imposed restrictions on the export of its H20 products to the Chinese market, resulting in $4.5 billion in costs for the quarter and affecting approximately $8 billion in revenue for the next quarter, this does not seem to have dampened investor enthusiasm.

US Chip Stocks Market Update

US chip stocks performed quite well in pre-market trading today! Overall, there was an upward trend, with Nvidia leading the way, rising as much as 5.6%.
On May 28, after the US stock market closed, Nvidia's Q1 fiscal year 2026 earnings report was nothing short of stunning. The data showed that the revenue for the quarter was approximately $44.1 billion, a 12% quarter-over-quarter increase and a significant 69% year-over-year increase, far exceeding the previously expected $43 billion. The gross margins calculated according to Generally Accepted Accounting Principles (GAAP) and Non-GAAP were 60.5% and 61.0%, respectively. Nvidia's founder and CEO Jensen Huang stated that the 'thinking machine' designed specifically for inference — the Blackwell NVL72 AI supercomputer — has now fully entered production, with strong global demand for Nvidia's AI infrastructure. Although the US government has imposed restrictions on the export of its H20 products to the Chinese market, resulting in $4.5 billion in costs for the quarter and affecting approximately $8 billion in revenue for the next quarter, this does not seem to have dampened investor enthusiasm.
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