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Thursday 30 April 2026
26 May 2025 Events: Tech Earnings, Inflation, Rates & More
Despite the shorter trading week, the last week of May seems eventful due to the US bond and stock markets being closed on Memorial Day, Monday, 26 May.
From inflation data to GDP and earnings releases, explore May’s final economic and financial reports in this article:
Nvidia Earnings
AI chip giant Nvidia’s earnings on Wednesday, 28 May are arguably one of this month’s most anticipated releases, especially given the US-China tariffs, which strained the company’s stock performance, causing it to lose over $5 billion last month. In addition, rising competition from Chinese AI rivals like Deepseek also added to the pressure this year.
Nonetheless, the latest in Trumponomics may have led to a welcome boost after Trump signed a deal with the United Arab Emirates (UAE) to build the biggest AI campus (outside of the US). According to sources, the UAE will be able to import 500,000 NVIDIA’s advanced AI chips on a yearly basis in 2025. (Source: The Guardian)
Although the ultimate impact of recent developments remains to be determined for traders and investors, it is worth noting what analysts expect for this week’s earnings report:
Quarterly revenue of $43.38 billion (a rise of YoY 66%)
Adjusted income of $21.29 billion (up from last year’s $15.24 billion).
In other words, despite the less-than-optimistic economic landscape, marked by trade tensions and uncertainties, the majority of analysts expect a “record quarter” for the AI giant.
Other Earnings
Besides Nvidia, it will be worth keeping tabs on the following reports:
Tuesday, 27 May
Wednesday, 28 May
Thursday, 29 May
Friday, 30 May
US Data
The world’s biggest economy is slated for another critical week with the following releases taking centre stage:
FOMC Minutes
The Fed’s FOMC minutes will be published this Wednesday, 28 May. This comes after the Fed decided to keep rates unchanged at 4.25%-4.50% on 7 May. The Fed also stated that unemployment and inflation are rising, adding to the economic uncertainty and the need to “wait and see” before cutting rates. The minutes will provide a more detailed overview of the Fed’s monetary policy as we enter a new month.
US GDP
Revised Q1 US Gross Domestic Product (GDP) will be reported on Thursday, 29 May. The report will reflect the world's largest economy's performance amidst a weakening economy and rising prices.
US PCE
US Personal Consumption Expenditure (PCE) will be released on Friday, 30 May. The Fed’s preferred inflation measure is expected to show softer core inflation in April. However, traders and consumers should know that core PCE inflation is expected to rise this year (between 3% and 3.5%).
RBNZ Rate Decision
The Reserve Bank of New Zealand (RBNZ) is scheduled to release its interest rate decision on Wednesday, 28 May. The central bank is largely expected to lower rates for the sixth time in a row (to 3.25%).
Perhaps unsurprisingly, the RBNZ, like other central banks, has to consider the overarching economic uncertainty arising from geopolitical tensions and tariffs when deciding on rates.
Australia CPI
The Australian Consumer Price Index (CPI) will be reported on Wednesday, 28 May, and is expected to be 2.3% YoY (slightly lower than the previous 2.4%). The CPI release comes a few weeks after the Reserve Bank of Australia (RBA) revealed its decision to cut rates by 25 basis points earlier in May.
Despite all of the projections, only time will tell what lies ahead for the economy and what these popular institutions will reveal.
Conclusion
Despite the shorter trading week, the final week of May is poised to be eventful. Reports from the US, New Zealand, and Australia may give traders and investors a much-needed glimpse into the state of the global economy as we enter a new month.
*Past performance does not reflect future results
