Investor Sentiment Boosted by Nvidia, Amid Trade Policy uncertainty
U.S. stocks showed mixed performance as trade concerns persisted,but Nvidia’s earnings provided a bright spot.On May 29, the Nasdaq climbed 0.18%, thanks to nvidia’s strong earnings. Though, the Dow Jones dipped slightly, and the S&P 500 saw a modest gain.
Traders are closely watching a legal challenge to President trump’s trade policy.On May 27, judges at the US Court of International Trade halted Trump’s tariffs, stating he lacks the authority for such measures. The White House appealed, arguing that “unelected judges” shouldn’t dictate policy, especially in a “national emergency.”
This legal dispute could reach the Supreme Court, taking time to resolve. Meanwhile, Trump may impose more targeted tariffs. The uncertainty continues to affect investor confidence.
nvidia’s stock surged 2.69% post-earnings, as it met projections with a revenue of $44.1 billion and EPS of 96 cents. The company’s new Blackwell NVL72 AI supercomputer, now in full production, excited investors.CEO Jensen Huang calls it a “thinking machine,” highlighting strong demand for Nvidia’s AI infrastructure. The chipmaker’s revenue grew 69% year-over-year, boosting market sentiment.
Key points:
- Nvidia’s earnings and AI supercomputer announcement lifted spirits.
- Legal challenges to trade policies add market volatility.
- Investors remain optimistic about AI technology advancements.
