# The S&P 500 rose 0.6% and topped its prior all-time high.

*genai · news · 2026-05-13 · Coeur d'Alene Press*

## Key points

- Nvidia CEO Jensen Huang was invited to join Donald Trump's trip to China to discuss AI chip shipments.
- Japan's SoftBank nearly quintupled its annual profit due to successful AI investments.
- Alibaba's U.S.-traded shares rose 8.2% on accelerating AI and cloud growth, despite missing earnings expectations.
- U.S. wholesale inflation last month was significantly higher than economists had forecasted.

**Companies:** Nvidia, Alibaba Group, Micron Technology, On Semiconductor, SoftBank Group Corp.
**Countries:** United States, China, Japan

[Read the full story on Coeur d'Alene Press](https://cdapress.com/news/2026/may/13/tech-carries-wall-street-to-records-even-as-most-stocks-fall-after-discouraging-inflation-data/)

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