Nvidia Q1 results surpass Wall Street expectations thanks to massive AI chip demand
Artificial intelligence chipmaker Nvidia’s quarterly results surpassed Wall Street’s expectations once again, fueled by massive demand for its high-end AI chips.
The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier.
Read MoreNew SSA Proposal Could Cut Social Security Benefits for 400,000 Recipients
People who rely on Social Security benefits to survive are already facing significant challenges. Not only is the average payout too low for most people to survive on, but the fund that keeps the money flowing is predicted to run out within the next decade.
Now,
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Read MoreNASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Rallies Ahead Of NVIDIA’s Report
Treasury yields moved lower as bond traders focused on the situation in the Middle East. The yield of 2-year Treasuries declined below the 4.05% level, while the yield of 10-year Treasuries settled near 4.57%. Falling Treasury yields provided additional support to SP500.
Today’s rally was broad, and most market sectors moved higher in today’s trading session.
Read MoreWall Street Legend Predicts Elon Musk’s Net Worth Could Soon Exceed NVIDIA’s Entire Market Cap
© Michael M. Santiago/Getty Images
The market has already minted a baker’s dozen of trillion-dollar companies, but Wall Street may soon witness an even stranger situation: One entrepreneur’s personal fortune rivals — or even exceeds — the value of the world’s largest public company
That possibility no longer sounds far-fetched to billionaire investor Ron Baron.
The Burst
Where Is Tesla Headed Next Year?
Tesla has rarely struggled for attention, but in 2025 it quietly fell behind. Over the past year, Tesla returned roughly 13%, trailing the S&P 500 and lagging most of its “Magnificent Seven” peers, a surprising outcome for a stock long viewed as a market leader. As 2026 approaches, the question isn’t whether Tesla has upside potential,
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Read MoreThe Ivy
Broadcom Isn’t Cheap But Will It Still Power Higher?
Broadcom has quietly become one of the biggest winners of the AI boom. Shares have soared over the past two years as demand for AI infrastructure exploded, and even after a recent pullback of more than 5% from November highs, the stock is still up over 50% this year.
That short-term dip raises an obvious question: Is Broadcom finally offering a better entry point,
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Read MoreThe Spotlight
Nvidia Just Proved the AI Boom Isn’t Slowing
For months, skeptics have suggested that AI spending was leveling out. Nvidia’s numbers told a very different story. The company reported $57 billion in revenue, a 62.5% jump over the prior year and a 22% increase from the previous quarter.
Profitability soared alongside it, with adjusted EPS climbing 60% and margins reaching an impressive 73.4%.
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