U.S. Stocks Tumble Amid Nvidia Earnings Frenzy!

The U.S. stock market took a nosedive today, with all eyes locked on Nvidia's explosive Q1 earnings report. Investors are on the edge of their seats, waiting to see if the chip titan can deliver the goods!

As traders grappled with the latest Fed minutes and braced for Nvidia's earnings drop, the Dow Jones plummeted 124 points to 42,219—a brutal 0.29% loss. Meanwhile, the S&P 500 wasn't faring much better, dipping 0.14% to 5,907. But wait, there's a glimmer of hope—Nasdaq edged up a mere 0.01% to 19,201. Talk about a rollercoaster!

The Fed's decision to keep rates steady at 4-1/4 to 4-1/2 percent sent shockwaves through the market. They're pointing fingers at soaring inflation and the looming threat of tariffs messing with employment and economic output. Buckle up, folks—it's gonna be a wild ride!

Brace yourselves, because the Fed's dropping another bombshell: they're warning of skyrocketing inflationary pressures in the coming weeks and months. They're even tossing around the idea of a more flexible inflation targeting framework. And as if that's not enough, they're still slashing their balance sheet. Hold on tight!

Traders on the Edge: Can Nvidia Deliver?

Nvidia's Q1 earnings are about to hit the fan after the bell on Wednesday, and let me tell you, this is the report everyone's been waiting for. The stock's been all over the place this year, thanks to Trump's tariffs and those pesky bans on AI chip exports to China that slammed their earnings.

But hold up! There's a ray of sunshine amidst the chaos. Trump's sweet deals from his Middle East trip, coupled with a pause on the AI chip proliferation rule, have given Nvidia's stock a much-needed boost. And guess what? This is fantastic news for AI crypto tokens riding on Nvidia's coattails.

Wall Street's betting big on Nvidia, expecting a jaw-dropping $43.3 billion in revenue and a solid $0.88 earnings per share. They're pinning their hopes on a staggering $39.2 billion in data center revenue—a mind-blowing 74% jump from last year. Get ready, because Nvidia's about to shake things up!