Goldman Sachs
May 21, 2026
Nvidia Beat and Raise AI Theme; Anthropic Profitable; Sage Beats; BT Solid; Autotrader Guides Below
Market ReportEquitiesRates Govt BondsCommoditiesInformation TechnologyCommunication Services
The report highlights a strong 'beat and raise' from Nvidia, fueling the AI narrative, alongside news of Anthropic reaching profitability ahead of schedule. However, software sentiment is dampened by a significant miss from Intuit and weaker guidance from Autotrader.
Key Takeaways
- 1.Nvidia reported a significant beat and raise, delivering $81.6bn in Q1 revenue against street expectations of ~$79bn, which is expected to catalyze other AI and semiconductor businesses.
- 2.Anthropic is expected to turn profitable in Q2 2026, significantly ahead of its previous 2028 target, with sales doubling quarter-over-quarter to $10.9B.
- 3.Intuit shares dropped 13% after TurboTax results failed to meet buyside expectations and management refrained from endorsing long-term guidance.
Table of Contents
- TODAY'S WRAP
- RESULTS THIS MORNING
- TECH
- TELCOS
- MEDIA & INTERNET
- GAMBLING
- MACRO AND TRADING
- 2026 EMEA Conferences
- 2026 Conferences
- TMT RESEARCH TEAMS
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Authors
Sean Johnstone
Securities
NVDAINTUBT/AASMLSamsung Electronics
Themes
AI Monetization & InfrastructureSoftware Sentiment DivergencePre-IPO Liquidity in Tech
Regions
North AmericaEuropeAsia PacificUnited StatesUnited KingdomFrance