Tech stocks today: Elon Musk loses court battle against OpenAI, Samsung extends talks to avert looming strike

Tech stocks traded cautiously as investors weighed several cross-cutting developments: Nvidia’s highly anticipated Q1 earnings (due May 20) has traders on edge, while chip names paused after recent weakness. A possible 18‑day strike at Samsung beginning May 21 threatens major memory-chip supply disruption, posing downside risk to global tech supply chains and semiconductor producers. Corporate/legal headlines also moved sentiment: a jury rejected Elon Musk’s $150 billion suit related to OpenAI, removing a notable legal overhang linked to Tesla. Meanwhile, Google and Blackstone’s $5 billion‑backed AI cloud JV underscores growing institutional capital into AI compute infrastructure, a constructive sign for data‑center and chip demand. Overall, the mix of near-term supply risks and longer‑term demand signals left markets cautiously positioned.