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Published: 21 May 2026,07:30
Daily Market Analysis New
*U.S. equities gain support from strong NVIDIA earnings and AI optimism
*NVIDIA revenue and guidance exceed market expectations
*China–Russia discussions improve hopes for geopolitical stabilization
*Markets remain cautious as U.S.–Iran tensions continue unresolved
U.S. equity markets rebounded and extended their gains as optimism surrounding artificial intelligence growth and stronger-than-expected earnings from NVIDIA continued supporting broader market sentiment.
NVIDIA reported quarterly revenue of $81.6 billion, significantly exceeding market expectations and marking another strong year-over-year increase. The company also issued an optimistic second-quarter outlook, projecting revenue of approximately $91 billion, well above analysts’ forecasts. Management highlighted that demand for the company’s AI chips and systems remains extremely strong, reinforcing confidence in the long-term growth outlook for the artificial intelligence sector.
Although NVIDIA shares experienced some volatility in after-hours trading following the release, the overall earnings results were viewed positively by investors and continued to strengthen sentiment toward the broader U.S. technology sector and AI-related growth themes. The strong performance from one of the market’s most influential companies has further reinforced expectations that AI investment momentum could remain a major driver for U.S. equities moving forward.
On the macroeconomic front, overall global risk appetite remained somewhat fragile despite improving slightly following recent discussions between Vladimir Putin and Xi Jinping. During meetings held in Beijing, both leaders emphasized the importance of stabilizing global tensions surrounding the conflicts in Ukraine and the Middle East. According to Chinese state media, discussions also included the ongoing U.S.–Iran conflict, with Xi reiterating calls for an immediate ceasefire and renewed diplomatic engagement.
The constructive tone between China and Russia has increased market hopes that major global powers may continue pressuring both Washington and Tehran toward a ceasefire agreement in the coming days.
Meanwhile, on the U.S.–Iran front, Donald Trump stated that negotiations between both parties are entering the “final stages,” raising optimism that a potential agreement could eventually be reached. However, Trump also reiterated that the United States could resume military strikes if Iran refuses to accept U.S. terms. Iran responded by warning that any renewed attacks could expand the conflict beyond the Middle East, highlighting that geopolitical risks remain elevated despite ongoing negotiations.
Overall, markets remain supported by strong corporate earnings and AI-driven optimism, though broader sentiment continues to be tempered by geopolitical uncertainty and the fragile state of U.S.–Iran negotiations.
Technical Analysis
NASDAQ, H4:
Nasdaq is trading higher after a rebound from the 28,520.00 support level, maintaining its broader bullish structure.
Momentum indicators are improving, with the MACD showing diminishing bearish pressure and the RSI at 63 above the midline, indicating sustained buying interest and potential for further upside.
If bullish momentum persists, the index could extend gains toward the next resistance at 30,045.00, with further upside toward 31,985.00 if momentum strengthens.
However, if buying momentum begins to fade, Nasdaq may experience a technical correction, with prices likely to retest the 28,520.00 support level, followed by 27,450.00 if selling pressure intensifies.
Resistance Levels: 30045.00, 31985.00
Support Levels: 28520.00, 27450.00
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