Markets Brace for Volatility After Nvidia's Strong AI Earnings

Following Nvidia's after-hours earnings release on May 20, market participants are preparing for significant volatility as early trading on May 21 sets the tone. The chipmaker reported data-center revenue nearly doubling year-over-year, highlighting robust AI demand and positive implications for semiconductor stocks. Meanwhile, Walmart delivered in-line results but soft guidance, while Intuit shares faced heavier selling pressure. Traders are advised to monitor the first couple of hours closely for directional cues across tech and broader markets. The results follow elevated expectations, with NVDA consensus EPS at $1.70, up over 120% from the prior year.