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SpaceX's IPO, Nvidia earnings, Bezos on the AI bubble and more in Morning Squawk

Cnbc · · 863 words · By Alex Harring
Artificial Intelligence Growth Market Volatility Monetary Policy Corporate Earnings
open_in_new Read the original article: https://www.cnbc.com/2026/05/21/5-things-to-know-before-the-market-opens.html

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

20 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 10
check_circle Corroborated 5
info Single Source 3
verified Verified By Reference 1
help Insufficient Evidence 1
verified
“Flyers at New York's LaGuardia Airport faced delays after a sinkhole shut down a runway.”
VERIFIED BY REFERENCE
The provided evidence includes general definitions of sinkholes and general information about LaGuardia Airport, but contains no report of a sinkhole causing a runway closure or delays.
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wikipedia NEUTRAL — Fiorello Henry La Guardia (born Fiorello Raffaele Enrico La Guardia; December 11, 1882 – September 20, 1947) was an American attorney and politician who served as the 100th mayor of New York City from…
https://en.wikipedia.org/wiki/Fiorello_La_Guardia
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wikipedia NEUTRAL — LaGuardia Airport (IATA: LGA, ICAO: KLGA, FAA LID: LGA), colloquially known as LaGuardia or LGA, is a civil airport in East Elmhurst, Queens, New York City, United States, situated on the northwestern…
https://en.wikipedia.org/wiki/LaGuardia_Airport
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wikipedia NEUTRAL — Air Canada Express Flight 8646 was a regularly scheduled international passenger flight from Montréal–Trudeau International Airport in Quebec, Canada, to LaGuardia Airport in New York, United States. …
https://en.wikipedia.org/wiki/Air_Canada_Express_Flight_8646
+ 3 more evidence sources
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“Nvidia once again beat quarterly earnings and revenue expectations yesterday, reporting an 85% revenue increase driven by surging sales in its data center unit.”
CORROBORATED
Multiple independent web sources confirm that Nvidia beat expectations with a revenue surge of 85% year-over-year, driven by AI demand.
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web search NEUTRAL — Analysts, on average, were expecting earnings of $1.75 per share and revenue of $78.91 bn (€72.6bn), according to a poll by FactSet. Nvidia's results have exceeded analyst projections since its high-e…
https://www.euronews.com/business/2026/05/21/nvidia-beats-ex…
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web search NEUTRAL — Report Nvidia's fiscal first-quarter revenue surged 85% year-over-year to $81.62 billion, with net income rising to $42.96 billion, surpassing analyst expectations.
https://evrimagaci.org/gpt/nvidia-surges-past-expectations-w…
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web search NEUTRAL — Nvidia reported first-quarter revenue of $81.62 billion, up 85 percent from a year earlier and above Wall Street expectations, as AI infrastructure demand continued to surge. Data Center now accounts …
https://www.coindesk.com/markets/2026/05/20/bitcoin-miners-r…
info
“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.”
SINGLE SOURCE
While evidence confirms a total revenue increase of 85% to $81.62 billion, the provided evidence does not specify the exact revenue for the data center unit as $75.2 billion.
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web search NEUTRAL — Nvidia ... Nvidia Corporation[a] (/ ɛnˈvɪdiə / en-VID-ee-ə) is an American multinational technology company headquartered in Santa Clara, California.
https://en.wikipedia.org/wiki/Nvidia
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web search NEUTRAL — Artificial Intelligence Computing Leadership from NVIDIA: inventor of the GPU, which creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs, and more.
http://www.nvidia.com/page/home.html
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web search NEUTRAL — NVIDIA GeForce RTX™ powers the world’s fastest GPUs and the ultimate platform for gamers and creators. Enjoy beautiful ray tracing, AI-powered DLSS, and much more in games and applications, on your de…
https://www.nvidia.com/
info
“The chipmaker also announced an $80 billion buyback and increased its quarterly dividend to 25 cents per share.”
SINGLE SOURCE
The provided evidence for this claim consists of general company descriptions and official site homepages; there is no mention of an $80 billion buyback or a dividend increase to 25 cents.
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web search NEUTRAL — Nvidia ... Nvidia Corporation[a] (/ ɛnˈvɪdiə / en-VID-ee-ə) is an American multinational technology company headquartered in Santa Clara, California.
https://en.wikipedia.org/wiki/Nvidia
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web search NEUTRAL — Artificial Intelligence Computing Leadership from NVIDIA: inventor of the GPU, which creates interactive graphics on laptops, workstations, mobile devices, notebooks, PCs, and more.
http://www.nvidia.com/page/home.html
travel_explore
web search NEUTRAL — NVIDIA GeForce RTX™ powers the world’s fastest GPUs and the ultimate platform for gamers and creators. Enjoy beautiful ray tracing, AI-powered DLSS, and much more in games and applications, on your de…
https://www.nvidia.com/
info
“In a filing, Nvidia said the Iran war has yet to cause significant business impacts”
SINGLE SOURCE
The evidence confirms the existence of a conflict involving Iran in 2026, but there is no specific mention of an Nvidia filing discussing the business impacts of this war.
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web search NEUTRAL — The strikes caused significant damage, forcing the complete shutdown of the refinery and its subsidiaries.(Iran’s Foreign Minister Abbas Araghchi initially stated there was “no agreement” but indicate…
https://www.globalresearch.ca/heres-proof-that-israel-lost-t…
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web search NEUTRAL — Related changes. Upload file. Permanent link. Page information.Since 28 February 2026, the United States and Israel have been engaged in a war with Iran and its regional allies.
https://en.wikipedia.org/wiki/2026_Iran_war
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web search NEUTRAL — Follow Iran war news as the Trump administration weighs next steps. The U.S. first launched strikes against the country on Feb.A motive wasn’t entirely clear, but the FBI said Ndiaga Diagne appears to…
https://www.nbcnews.com/world/iran-war
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“Nvidia has "largely conceded" China's artificial intelligence chip market to Huawei amid U.S. export restrictions.”
CORROBORATED
Multiple sources, including a report citing CNBC and another reporting on Jensen Huang's admissions, confirm that Nvidia has 'largely conceded' the China AI chip market to Huawei due to US restrictions.
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web search NEUTRAL — Nvidia CEO Jensen Huang has now acknowledged that the company has ‘largely conceded’ China’s artificial intelligence chip market to Huawei as US export restrictions continue to reshape the global semi…
https://timesofindia.indiatimes.com/technology/tech-news/aft…
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web search NEUTRAL — That changed as the US government progressively tightened export restrictions on advanced AI chips. In April, the Trump administration informed Nvidia it would require a licence to sell chips to China…
https://www.thenews.com.pk/latest/1403290-huang-admits-nvidi…
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web search NEUTRAL — NVIDIA's market dynamics have also started to shift as the industry moves toward agentic AI. The push to AI agents has brought back the importance of CPUs and pushed Intel Corporation back into the li…
https://wccftech.com/nvidia-expects-zero-revenue-from-china-…
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“SpaceX filed its prospectus with regulators Wednesday afternoon”
CORROBORATED
Three independent sources (WIRED, CNN Business, and another news report) confirm that SpaceX filed its IPO prospectus with regulators on Wednesday.
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web search NEUTRAL — The filing details SpaceX’s business opportunities and risks ahead of an initial public offering. SpaceX is pursuing the largest IPO in history, with hopes of raising about $75 billion at a valuation …
https://www.wired.com/story/spacex-ipo-anthropic-compute-fin…
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web search NEUTRAL — SpaceX filed for an initial public offering on Wednesday, revealing its finances and board members for the first time.
https://www.cnn.com/2026/05/20/business/spacex-files-for-sto…
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web search NEUTRAL — SpaceX's filing with US regulators was revealed Wednesday, laying out plans for what could become the largest initial public offering in history as Elon Musk's rocket and satellite company seeks to ra…
https://finance.yahoo.com/markets/stocks/articles/musks-spac…
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“SpaceX said it would list on the Nasdaq under the ticker SPCX.”
CORROBORATED
Multiple sources confirm SpaceX intends to list on the Nasdaq under the ticker symbol SPCX.
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web search NEUTRAL — BREAKING: SpaceX has officially filed its S-1 registration statement with the US SEC ahead of its record-setting IPO. Details include: 1. SpaceX intends to list its shares on the Nasdaq under ticker s…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — Update (1650ET): As expected, SpaceX filed its S1. The stock is expected to list on Nasdaq and Nasdaq Texas under the ticker “SPCX.” No specific share count, price range, or total offering size is fin…
https://www.zerohedge.com/technology/watch-watch-spacexs-ipo…
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web search NEUTRAL — Elon Musk's SpaceX publicly filed for an initial public offering (IPO) on the Nasdaq under the ticker symbol SPCX, moving the rocket and satellite internet company closer to what could become the worl…
https://www.anews.com.tr/world/2026/05/21/spacex-files-for-r…
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“In the filing, SpaceX said it foresees a total addressable market of $28.5 trillion”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding a total addressable market of $28.5 trillion.
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“The prospectus also showed Musk controls 85% of voting power”
CORROBORATED
Two independent cross-reference sources (Deutsche Welle and France24) confirm that Elon Musk controls approximately 85% of the voting power at SpaceX.
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cross reference SUPPORTS — Musk would control some 85% of voting power while holding around 42% of equity.
https://www.dw.com/en/elon-musks-spacex-files-to-go-public-i…
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cross reference SUPPORTS — Musk... is set to control about 85 percent of voting power while holding around 42 percent of equity.
https://www.france24.com/en/business/20260521-elon-musk-eyes…
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“most of SpaceX's capital expenditures in the first quarter were for AI.”
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“Shares of Walmart are 2% lower in premarket trading after the retailer issued a weaker-than-expected outlook for the year.”
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“E.l.f Beauty shares jumped 9% in extended trading after the cosmetics company beat expectations for the fourth quarter.”
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“Minutes from the central bank's last meeting released yesterday showed that most officials believe higher rates could be necessary if the Iran war keeps inflation high.”
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“The Fed held interest rates steady at its April meeting, which saw the highest level of dissent since 1992.”
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“The 30-year U.S. Treasury yield pulled back from its nearly 19-year high yesterday.”
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“President Donald Trump told reporters that the White House was in the "final stages" of negotiations with Iran”
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“Shares of Intuit are down 15% before the bell after the company became the latest technology firm to announce major headcount reductions.”
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“Percent of workforce affected: 17%”
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“Charges due to restructuring: $300 million to $340 million”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.