Nasdaq Soars on Nvidia’s Earnings While Dow Jones Stumbles Over Tariff Drama!

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So, here we are, U.S. stocks doing their usual cha-cha, with some dancing up and others tripping over their own feet. Nvidia’s earnings have everyone feeling a bit giddy, while tariff news is like that annoying friend who just won’t leave the party. 🎉

On Thursday, May 29, the tech-savvy Nasdaq decided to strut its stuff, rising a whole 35 points (that’s 0.18% for those who like to keep score). Meanwhile, the Dow Jones was like, “Nah, I think I’ll just sit this one out,” slipping 0.04%. The S&P 500, however, managed to gain a modest 0.15%, probably just to keep things interesting. 📈

Traders are now glued to the latest legal drama surrounding Trump’s trade policy. Picture this: judges at the US Court of International Trade threw a wrench in Trump’s tariff plans on May 27, declaring that the president doesn’t have the magic wand to impose such sweeping tariffs. đŸŽ©âœš

In true White House fashion, they responded with a formal notice of appeal, because who doesn’t love a good legal showdown? A spokesperson dramatically declared that “unelected judges” shouldn’t be calling the shots, labeling the whole situation a “national emergency.” Cue the dramatic music! đŸŽ¶

As this legal saga unfolds—likely heading to the Supreme Court, because why not?—Trump is exploring options to sidestep the ruling, including the possibility of slapping on some more limited tariffs. Because if at first you don’t succeed, just try, try again, right? 🙄

Traders are buzzing over Nvidia’s AI supercomputer

Now, let’s talk about Nvidia, shall we? Their stock shot up post-earnings call, gaining 2.69%, even though they just barely hit projections. They reported a whopping $44.1 billion in revenue and an EPS of 96 cents, which is like getting a gold star for effort when you were aiming for a trophy. 🏆

Revenue was up a jaw-dropping 69% year over year, and investors are practically drooling over the announcement of Nvidia’s new Blackwell NVL72 AI supercomputer. CEO Jensen Huang called it a “thinking machine,” which sounds like something out of a sci-fi movie, and it’s now in full-scale production. Talk about a brainiac! đŸ€–

He also mentioned that demand for Nvidia’s AI infrastructure is as strong as ever, which is great news for anyone who enjoys a little tech magic in their lives. đŸȘ„

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2025-05-29 21:16