Nvidia reported another blockbuster quarter on May 20, 2026, with revenue surging 85% to $81.62 billion, driven by...

Nvidia reported another blockbuster quarter on May 20, 2026, with revenue surging 85% to $81.62 billion, driven by insatiable AI demand. The earnings beat and an $80 billion share repurchase program sparked a broad rally in AI-related stocks. SoftBank Group, which owns a majority stake in Arm Holdings, saw its shares soar nearly 20%, adding over $35 billion in market cap. Arm Holdings, whose chip designs are used in AI servers and data centers powered by Nvidia systems, closed over 15% higher in U.S. trading. The event underscores strong momentum in AI infrastructure spending, directly benefiting Arm's licensing and royalty revenue from data center applications. The rally also lifted other semiconductor stocks, including TSMC (up 2%) and SK Hynix (up 11.2%), highlighting the broad supply chain impact. While Arm's gains are tied to Nvidia's results, the magnitude of the stock movement signals investor conviction that AI demand will sustain Arm's growth trajectory. This is a low-confidence signal as it relies on a single source (CNBC) reporting on the stock move, but the underlying Nvidia earnings are official and widely corroborated.