How Nvidia’s earnings sparked a Nikkei rally while China slips — Market Wrap May 21

7horns.ai Daily Briefing EN · May 21, 2026 · 3m

Today's AI insights from 7horns.ai highlight a mixed global market with Japan’s Nikkei soaring 3.57% amid strong chip and AI enthusiasm, while China’s markets show caution, with the FXI ETF down 1.63% pre-market. Nvidia’s blockbuster Q1 earnings, featuring 85% revenue growth and a $91 billion Q2 outlook, set the tone for U.S. markets, though futures remain flat. Nvidia shares edged up 0.3% after an initial dip, reflecting investor confidence. In contrast, Intuit tumbled 13.08% pre-market following a 17% workforce cut despite an earnings beat, signaling AI-driven restructuring pressures…