Major averages are mostly higher on Thursday as stocks aim for their eighth straight winning week.<br><br>Kelly Evans &amp; Brian Sullivan are joined on-set by analysts covering Nvidia &amp; Walmart to give their takes on the latest earnings reports while investors comb through SpaceX’s S-1 filing ahead of the company’s expected $1.5 trillion IPO on June 12th.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets trading mostly higher despite post-earnings declines from Nvidia & Walmart 5/21/26

Power Lunch

# Full Transcript

**Podcast:** Power Lunch

## Transcript

What made you confident that you could do something that hadn't been done before? I have no fear of failure. Trailblazing women changing the game. One of my favorite pieces of advice, think about what your boss's boss needs. Leadership can look in many, many different forms. It really does come down to just trusting yourself. Life is short and you just gotta think big to accomplish big things. Julia Boorstin hosts CNBC Changemakers and Power Players. New episodes every Tuesday wherever you get your podcasts.

Stocks near session highs as the market brushes off. Some rather odd Iran headlines. Walking to Power Lunch alongside Kelly Evans. The market's up again higher on the week and if the gains hold, this would be an incredible eighth straight winning week. The Nasdaq 100 now up 16% this year. We'll get more on that. Iran, Nvidia and more, Kellyanne. Plus, Walmart flip side seeing its worst day since 2023. The big box retailer issued disappointing

guidance raising some questions about the health of the U.S. consumer as high gas prices strain the budget. One top ranked analyst is here with a look behind the numbers. All right, so obviously folks, there was a lot going on with that Walmart news, with the Nvidia news, with Iran and oil, but let's kick it off with something else, but important. IBM. Big blue getting bigger right now. Shares popping 9%. IBM on pace for its best day in seven months. All this on a report

the government is awarding $2 billion to nine different quantum computing companies. IBM being the biggest quantum computer, the biggest beneficiary of the U.S. government and taxpayer dollars. And that stock then has been one of your next guest top picks since early last year. Calling IBM an underappreciated sleeping giant, poised to cash in on the next wave of AI and quantum computing.

But after today's surge, big blue certainly seems wide awake. Sleeping giant sleeps no more. Joining us now, a giant in his own right, Dan Ives, global head of technology research at Wedbush Securities. It must get exhausting being right all the time. How do you handle it? Look, I mean, but to your point, I think it's trying to see around corners in this market. Like when you look at IBM or quantum, I mean, we talked about that coming. Okay, but what did you, I'm being nice, but I'm also trying to make a serious point.

What did you see with IBM that others may have missed? Yeah. Because we never talk about the quantum story. I think also it's Arvind Krishna in terms of the CEO. I think it's my view that he is someone that's way underappreciated by investors in terms of his ability, no different than the Dell and others or Jensen to see where the technology is heading. The bet on quantum, the bet on AI. I mean, I really view this like a transformation that's

happened in Armand at IBM. And I think when you look at this news, this is not the end. It's just like Intel, right? Like this is just...

Markets trading mostly higher despite post-earnings declines from Nvidia & Walmart 5/21/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Markets trading mostly higher despite post-earnings declines from Nvidia & Walmart 5/21/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.