Wall Street's Wild Ride: Nvidia Soars, Trade Tensions Tangle

Buckle up, folks! U.S. stocks were all over the place today as investors juggled excitement over Nvidia's blockbuster earnings with jitters over ongoing trade drama.

Wall Street couldn't get enough of Nvidia's latest numbers, but the tariff tango kept everyone on their toes. On Thursday, May 29, the tech-heavy Nasdaq shot up 35 points, a sweet 0.18% gain. Meanwhile, the Dow Jones took a tiny 0.04% dip, and the S&P 500 eked out a 0.15% rise. Talk about a rollercoaster!

Traders are all eyes on the latest smackdown of Trump's trade policy. On Wednesday, May 27, judges at the US Court of International Trade threw a wrench in the works, blocking Trump's tariffs. They straight-up said the prez doesn't have the juice to slap on those broad tariffs.

The White House didn't take that lying down. They fired back with an appeal, and a spokesperson went off, saying "unelected judges" shouldn't be bossing around the president. They even threw in the "national emergency" card. Drama, drama, drama!

This legal soap opera might just end up at the Supreme Court, and it could drag on for a while. But don't count Trump out yet—he's got tricks up his sleeve, like hitting us with more targeted tariffs.

Traders Go Wild for Nvidia's AI Beast

Nvidia's stock was on fire after their earnings call, popping up 2.69%. Sure, they just barely scraped by projections, but who cares? The chip giant raked in $44.1 billion and 96 cents per share, beating the expected $43.31 billion and 93 cents.

Revenue skyrocketed 69% from last year, and investors were losing their minds over Nvidia's new Blackwell NVL72 AI supercomputer. CEO Jensen Huang called it a "thinking machine," and it's now rolling off the production line. He also said the demand for Nvidia's AI muscle is still through the roof. Buckle up, the AI revolution is here!