Nasdaq Rises on Nvidia Earnings as Dow Slips Amid Trade Uncertainty

U.S. markets delivered a mixed performance as Nvidia’s robust earnings report lifted tech stocks while lingering trade tensions weighed on broader indices. The Nasdaq climbed 0.18% as the chipmaker’s AI-driven growth story resonated with investors, contrasting with the Dow’s 0.04% decline amid escalating legal battles over presidential tariff authority.

Nvidia shares gained 2.69% post-earnings, buoyed by 69% annual revenue growth and slight beats on both top and bottom lines. The semiconductor giant’s $44.1 billion revenue and $0.96 EPS outperformed consensus estimates, demonstrating continued momentum in AI infrastructure demand.

Trade policy uncertainty intensified after the U.S. Court of International Trade blocked sweeping tariffs, prompting a WHITE House appeal. Market participants now face prolonged legal uncertainty as the administration considers alternative trade measures, creating headwinds for industrials and multinational corporations.