You probably haven't thought about your laptop's processor in years. Jensen Huang thinks that's a problem, and today he launched Nvidia's first-ever PC chip to fix it.

Meanwhile, markets just wrapped their best month of 2026, Berkshire Hathaway made its first major deal under Greg Abel, and this week brings three job market reports that will set the narrative heading into summer.

Let's get into it.

Markets closed May on a nine-week winning streak. The Nasdaq gained 8% for the month, the S&P 500 rose 5%, and the Dow crossed 51,000 for the first time in history. Tech led the rally, with Dell surging 33% in a single day after reporting $43.8B in revenue and $24.4B in AI orders.

Berkshire Hathaway is buying homebuilder Taylor Morrison for $6.8 billion in cash. The deal, announced this morning, is Greg Abel's first major acquisition since succeeding Warren Buffett as CEO in January. It's a bet that housing demand is coming back, adding Taylor Morrison to a portfolio that already includes Clayton Homes.

SpaceX kicks off its IPO roadshow this week. The company starts pitching investors Wednesday, aiming to price on June 11 and trade on June 12 under the ticker SPCX. At $1.75 trillion, it would be the largest IPO in history, and retail investors will get unprecedented access through Schwab, Fidelity, and Robinhood.

This is jobs data week. The ADP private payroll report drops Wednesday, Challenger job cuts on Thursday, and the BLS Employment Situation report (the big one) lands Friday. April came in at 115,000 jobs, nearly double the 62K forecast. This week's numbers will tell us whether that momentum held.

IAC is bidding $18 billion for MGM Resorts. Barry Diller's company, which already owns 26% of MGM, offered $48.30 per share, a 10% premium over Friday's close. MGM shares jumped 10% in premarket trading on the news.

Hiring

Nvidia is building out an entirely new PC chip division, with OEM partnerships across Dell, HP, ASUS, Lenovo, MSI, and Microsoft for 30+ laptops and 10 desktops. MediaTek co-designed the N1X processor, which means engineering and go-to-market roles at both companies.

Honeywell Aerospace becomes a standalone public company on June 29 under ticker HONA, with $17 billion in annual revenue and a separate leadership team. Standalone spinoffs typically accelerate hiring as the new entity builds independent functions.

Funding

Cognition, the AI software development tool maker, raised $1 billion at a $26 billion valuation. Hark landed a $700 million Series A backed by Nvidia, Intel Capital, AMD, and Qualcomm Ventures.

Contracts

Broadcom reports earnings Tuesday with consensus at $22.1 billion in quarterly revenue, up 39% year over year. CrowdStrike follows the same day. Both are bellwethers for AI infrastructure and cybersecurity spending.

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Jensen Huang walked onstage at Computex in Taipei today and did something Nvidia has never done in its 33-year history: he announced a PC processor.

The chip is called N1X, and it pairs Nvidia's Blackwell graphics architecture with a custom ARM-based CPU co-designed with MediaTek. Together they form what Nvidia calls the RTX Spark superchip, with 128 gigabytes of unified memory. Huang called it "the first completely re-engineered, reinvented line of PCs that has happened in 40 years."

The pitch is that PCs have been stuck. Apple reinvented the Mac with its own silicon in 2020, and the rest of the industry has been playing catch-up with incremental improvements. Nvidia thinks the answer is fusing the GPU (which it dominates) with a CPU designed for AI workloads from the ground up, not bolted on after the fact.

Microsoft is all in. Satya Nadella appeared alongside Huang to announce that Windows will be optimized specifically for the RTX Spark platform. More than 30 laptops and 10 desktops from Dell, HP, ASUS, Lenovo, MSI, and Microsoft will ship this fall. The first wave targets creators, AI developers, and gamers at premium prices, with broader price points coming later.

This matters beyond just a new laptop. Nvidia currently dominates data centers, where it captures roughly 80% of the AI chip market. Entering consumer PCs puts it in direct competition with Intel, AMD, and Qualcomm on the hardware people actually use every day. If AI workloads increasingly run locally on your laptop (instead of in the cloud), the company that builds the best chip for that wins.

Why it matters: The PC market generates over $200 billion in annual revenue and employs hundreds of thousands of engineers, designers, and sales teams across OEM partners. When Nvidia enters a market this big with this many partners, it creates hiring demand at every level of the supply chain, from chip design to retail. For professionals in tech, hardware engineering, product marketing, and enterprise sales, this is a new lane opening up.

This is the most data-dense week of the quarter, and every number will be read as a signal about whether the job market is cooling, holding, or quietly accelerating.

Wednesday brings the ADP private payroll report for May. Last month's April data showed 62,000 private-sector jobs added, below trend. Thursday, Challenger Gray & Christmas releases its May job cuts report, which has flagged AI as the number-one cited reason for layoffs two months running. And Friday is the main event: the BLS Employment Situation report at 8:30 a.m. ET.

Here's the backdrop: April's 115K jobs nearly doubled the forecast. Healthcare led for the fifth straight month (+37K). But the information sector lost 13K jobs, and federal government employment continued declining. The unemployment rate held at 4.3%, and wage growth was 3.6% year over year.

Meanwhile, tech layoffs have hit 148,000 in 2026 across 354 events. Markets just had their best month of the year. Broadcom and CrowdStrike report earnings Tuesday, giving a real-time read on whether AI infrastructure spending and cybersecurity demand are translating into actual revenue.

Why it matters: If May's jobs report comes in strong again, it reinforces the narrative that the labor market is resilient despite the tech sector's ongoing restructuring. If it misses, expect the conversation to shift quickly from "soft landing" to "something's breaking." Either way, this week's numbers will shape every hiring decision, salary negotiation, and Fed rate discussion through the rest of summer.

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With Broadcom and CrowdStrike reporting Tuesday and the biggest data week of the quarter ahead, here's a prompt you can paste into Claude or ChatGPT to get smart fast on any company:

This works for interview prep, portfolio research, or just staying informed about the companies that shape your industry. Swap in any earnings-week company and you've got a brief that would take an analyst hours to compile.

The BLS Employment Situation report drops Friday at 8:30 a.m. ET. April came in at 115,000 (nearly 2x the forecast). Markets are riding a nine-week winning streak.

Last issue's prediction: Fed June 16-17 FOMC decision. We'll have the answer in two weeks.

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