Nvidia, Dell Launch New AI CPU; May 20 Earnings Seen at $79 Billion
Nvidia and Dell unveiled a new top-performing AI CPU and Dell AI Data Platform, highlighting that AI infrastructure demand exceeds supply. May 20 earnings are forecast at $79 billion revenue and $1.76 EPS, with Nvidia representing 19% of SMH, 18.5% of VGT and 9.4% of QQQ.
1. Dell Event and Product Launch
At Dell Technologies World, Nvidia CEO Jensen Huang and Dell CEO Michael Dell described a shift to "personal AI," unveiling Nvidia's highest-performing AI CPU and a co-developed Dell AI Data Platform long-term memory system. They emphasized that local AI at endpoints—laptops, factories, autonomous vehicles—is critical, with Dell citing 10–30× workflow gains over traditional PCs, even as memory and advanced semiconductor supplies remain constrained.
2. Earnings Preview and ETF Impact
Analysts expect Nvidia’s fiscal Q1 2027 earnings on May 20 to reach $79 billion in revenue and $1.76 earnings per share, driven by demand for Blackwell GPUs from hyperscale data centers. Nvidia constitutes approximately 19% of SMH, 18.5% of VGT and 9.4% of QQQ, meaning any significant beat or miss could move billions in ETF assets.