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HomeNewsNasdaq rises on strong Nvidia earnings, while dow slips amid tariff concerns

Nasdaq rises on strong Nvidia earnings, while dow slips amid tariff concerns

Investor sentiment was lifted by Nvidia’s earnings, while U.S. equities showed a mixed performance due to ongoing trade uncertainty. Nvidia’s latest earnings report triggered a positive market reaction, although investor confidence was still pressured by concerns surrounding tariffs. On Thursday, May 29, the Nasdaq, which is tech-heavy, increased by 35 points, or 0.18%. Meanwhile, the […]

Investor sentiment was lifted by Nvidia’s earnings, while U.S. equities showed a mixed performance due to ongoing trade uncertainty.

Nvidia’s latest earnings report triggered a positive market reaction, although investor confidence was still pressured by concerns surrounding tariffs. On Thursday, May 29, the Nasdaq, which is tech-heavy, increased by 35 points, or 0.18%. Meanwhile, the Dow Jones recorded a slight decline of 0.04%, and the S&P 500 posted a modest gain of 0.15%.

The latest legal challenge to former President Trump’s trade policy has drawn the attention of traders. On Wednesday, May 27, the US Court of International Trade struck down the tariffs imposed by Trump. The ruling stated that the president lacked the authority to enforce such broad trade restrictions.

The White House issued an official notice of appeal in response. A representative stated that policy decisions should not be controlled by “unelected judges,” framing the matter as a “national emergency.”

The ongoing legal dispute, which could ultimately be heard by the Supreme Court, is expected to take time. In the interim, several strategies are available to Trump, such as introducing narrower tariffs to bypass the ruling.

Nvidia’s AI Supercomputer Sparks Investor Enthusiasm

Following its earnings call, Nvidia’s stock experienced a 2.69% increase, even though it narrowly met projections. The chipmaker disclosed revenue of $44.1 billion and earnings per share of 96 cents, slightly exceeding the anticipated $43.31 billion in revenue and 93 cents per share.

A 69% year-over-year revenue increase was recorded, sparking investor excitement over Nvidia’s unveiling of its Blackwell NVL72 AI supercomputer. The advanced system—referred to as a “thinking machine” by CEO Jensen Huang—has entered full-scale production. Huang also emphasized that demand for Nvidia’s AI infrastructure continues to be robust.

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