GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. The Memorial Day travel period got off to a bumpy start yesterday: Flyers at New York's LaGuardia Airport faced delays after a sinkhole — yes, a sinkhole — shut down a runway. Stock futures are ticking lower this morning following a winning day on Wall Street. Here are five key things investors need to know to start the trading day:
1. Tough crowd
Nvidia founder and CEO, Jensen Huang, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. Patrick T. Fallon | AFP | Getty Images
Nvidia once again beat quarterly earnings and revenue expectations yesterday, reporting an 85% revenue increase driven by surging sales in its data center unit. But shares of the chipmaker are slightly lower before the bell, putting the stock on track for its fourth straight post-earnings pullback. Here's what to know: Revenue from Nvidia's data center business nearly doubled from the same period a year ago, coming in at $75.2 billion for the first quarter.
The chipmaker also announced an $80 billion buyback and increased its quarterly dividend to 25 cents per share.
In a filing, Nvidia said the Iran war has yet to cause significant business impacts, but the company cautioned that continuation or escalation of the conflict could "create business uncertainty."
CEO Jensen Huang called the quarter "extraordinary" on the earnings call last night. He told analysts that "demand has gone parabolic" thanks to the arrival of agentic artificial intelligence.
Huang sat down with CNBC's Sara Eisen following the report, telling her that Nvidia has "largely conceded" China's artificial intelligence chip market to Huawei amid U.S. export restrictions.
Catch CNBC's full interview with Huang on "Squawk on the Street" at 10 a.m. ET.
Follow live markets updates here.
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