Nasdaq Rises on Nvidia Earnings Report
The major averages were broadly lower near noon, but recovered to post an advance.Investors continue to grapple with rising Treasury yields, sticky inflation concerns, another bump in oil prices, and renewed geopolitical tension.Technology shares were mixed following earnings from Nvidia, which topped expectations and included an $80B buyback authorization. Meanwhile, AI-linked and quantum computing names surged after the U.S. government announced major funding initiatives benefiting companies tied to advanced computing infrastructure.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiareported, provided an upbeat revenue guide for Q2, approved an additional $80B in share repurchases, and increased its quarterly dividend to 25c per share from 1cElon Musk's SpaceXhason NasdaqWalmartreportedand reaffirmed its FY27 outlookIBMand the U.S. Department of Commerce announced a letter of intent to build anIntuitprovided areport for Q32. WALL STREET CALLS:Etsyto Buy at Argus amid improving metricsJPMorganAmerenon data center growth, Missouri backdropZoomInfoto Hold at JefferiesKyndrylat Susquehanna amid "challenging signs"Craig-Hallum bullish on MapLight Therapeutics,with a Buy3. AROUND THE WEB:OpenAI generated nearly $1B more in revenue than Anthropic in Q1, Information reportsAI startup Modal Labs raised $355M in a new round of financing, valuing the company at $4.65B, Reuters reportsThe Bear Cave issued a cautious note on Ethos TechnologiesManus's cofounders, Xiao Hong, Ji Yichao and Zhang Tao, are exploring ways to fulfill Beijing's demand to unwind a takeover by Meta Platforms, Bloomberg reportsAlibabaadded a new processor to its AI technology stack, unveiling its Zhenwu M890 AI accelerator, Bloomberg says4. MOVERS:D-Wave Quantumgained after signing afor $100M of proposed funding under the U.S. CHIPS and Science ActApplied Digitalincreased after entering a long-term lease agreement with the samethat previously signed at Delta Forge 1Nebiuswas higher in New York afterwith Bloom Energyto power the company's AI infrastructure build-outSpotifywas lower after the company introduced aDeereand Borr Drillingfell in New York after5. EARNINGS/GUIDANCE:Williams-Sonoma, with CEO Laura Alber commenting on the "strong start in 2026"Ralph Laurenand provided guidance for FY27Advanced Drainage, with EPS and revenue beating consensusAdvance Auto Partsand reaffirmed its guidance for FY26Shoe Carnival, with EPS in-line with consensusINDEXES:The Dow rose 276.31, or 0.55%, to 50,285.66, the Nasdaq gained 22.74, or 0.087%, to 26,293.10, and the S&P 500 advanced 12.75, or 0.17%, to 7,445.72.
