Nvidia Earnings in Focus as SpaceX IPO Buzz Builds | Open Interest 5/20/2026

Watch on YouTube ↗  |  May 20, 2026 at 17:07  |  1:29:47  |  Bloomberg Markets
Speakers
Jim Schneider — Goldman Sachs Semiconductor Research Analyst
Chris Cocks — CEO, Animoca Brands
Romaine Bostick — Anchor, Bloomberg
Max Kettner — Chief Multi-Asset Strategist, HSBC
Scott Chronert — Managing Director, Citi
Indrani De — FTSE Russell Head of Global Investment Research

Summary

The episode focuses on Nvidia earnings as the key catalyst for AI and chip stocks, with analysts expecting a beat and raise but questioning sustainability. Other topics include the SpaceX mega IPO filing, retail earnings from Target and TJX showing mixed consumer signals, and an interview with Hasbro's CEO defending the company's growth story. Market breadth remains narrow, with AI driving most returns while the rest of the market struggles against higher yields and oil prices.

  • Nvidia earnings after the bell are expected to determine the direction of the AI chip rally.
  • Goldman Sachs analyst Jim Schneider is bullish on Nvidia, projecting sustained growth above street estimates.
  • SpaceX is set to file publicly with Goldman Sachs leading the IPO, aiming to raise capital for orbital data centers.
  • Target posted strong sales but warned of cost pressures, sending shares down.
  • TJX was highlighted as a beneficiary of economic downturns due to its discount model.
  • Hasbro CEO Chris Cocks called the stock's decline a buying opportunity, citing strong digital and licensing growth.
  • Market concentration in AI stocks continues to narrow, with 13 companies driving most returns.
  • Higher yields and oil prices are pressuring consumer-facing stocks and the broader market outside tech.
Trade Ideas
Romaine Bostick Anchor, Bloomberg 16:34
TJX benefits from economic downturn.
TJX benefits from economic downturns because low-income consumers seek discounts and high-end consumers trade down, and their sourcing model allows better margins during weak periods. They could see significant upside if the economy slows.
TJX MED
Chris Cocks CEO, Animoca Brands 70:11
Hasbro down day is buying opportunity.
Hasbro's down day is a buying opportunity because the company is a collectors, gaming and IP business with strong structural growth (13% in Q1) and manageable petroleum cost exposure ($30M headwind on $1.4B+ EBIT). The underlying business in Magic: The Gathering, digital licensing, and Monopoly Go is performing well.
HAS HIGH
Jim Schneider Goldman Sachs Semiconductor Research Analyst 79:27
Nvidia beat and raise sustainable.
Nvidia will not only beat this quarter but sustain growth into next year at over 30% above street estimates, driven by falling token costs that improve hyperscaler economics and sustain capex. The stock is undervalued relative to this earnings trajectory, trading at lower multiples than in prior years.
NVDA HIGH
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This Bloomberg Markets video, published May 20, 2026, features Romaine Bostick, Chris Cocks, Jim Schneider discussing TJX, HAS, NVDA. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Romaine Bostick, Chris Cocks, Jim Schneider  · Tickers: TJX, HAS, NVDA