Jensen Joins The Party… And Next Move In Rates As Warsh Gets Confirmed 5/13/26

Market participants are closely monitoring the high-stakes summit between President Trump and Xi Jinping in Beijing, where tech-sector influence and trade relations remain central. Nvidia shares reached record highs amid the CEO's inclusion in the delegation, though analysts debate the sustainability of this momentum given export limitations and competition. Meanwhile, Cisco’s 18% rally following an AI-driven earnings beat highlights a shift toward infrastructure demand. Inflationary pressures persist, complicating the economic outlook for incoming Federal Reserve Chair Kevin Warsh. While the semiconductor sector continues to attract significant capital, including the oversubscribed Cerebras IPO, other retail giants like Nike face structural headwinds and declining market share. Investors are navigating these divergent trends, balancing optimism for AI-driven growth against broader macroeconomic risks and persistent inflation.