Tech stocks today: AI stocks look to add to gains as IPO market heats up
Key takeaways
- Last week, Elon Musk’s rocket company Space X (SPAX.PVT) filed its S-1 IPO prospectus, revealing details of its financials.
- The AI trade got a boost last week after industry leader Nvidia (NVDA) reported quarterly results that beat Wall Street expectations and delivered a better-than-expected second quarter outlook.
- While first quarter earnings season has mostly wound down, a handful of tech companies report results this week, including Zscaler (ZS), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL).
Tech stocks today: AI stocks look to add to gains as IPO market heats up Yahoo Finance Tue, May 26, 2026 at 5:00 PM GMT+7 1 min read NVDA ANTH.PVT SPAX.PVT Tech stocks rose to start the holiday-shortened week as investors looked to the latest mega IPOs and continued to assess what Nvidia’s latest earnings mean for the artificial intelligence trade.
Last week, Elon Musk’s rocket company Space X (SPAX.PVT) filed its S-1 IPO prospectus, revealing details of its financials. Chat GPT creator Open AI (OPAI.PVT) is also reportedly planning to file for an initial public offering in the coming weeks, and its competitor Anthropic (ANTH.PVT) is expected to follow soon with an IPO as early as this fall.
The three mega IPOs are expected to take the artificial intelligence trade on Wall Street to new heights and test the limits of investors’ appetite for the tech theme, while the rivalry between OpenAI and Anthropic will play out in a new arena.