Nvidia Earnings Propel Nasdaq Amid Tariff Concerns

Nvidia's strong quarterly earnings propelled the Nasdaq upwards by 0.8%, showcasing robust investor interest in tech-driven growth, despite ongoing geopolitical uncertainties and President Trump's proposed tariffs on Canada, Mexico, and the EU. The company reported a 78% surge in quarterly revenue, yet concerns linger about a potential slowdown in AI spending and tighter profit margins. Trump's tariff threats have introduced additional market anxiety, leading investors to seek safer assets like gold amidst fears of an economic downturn. While Nvidia's performance reflects the transformative potential of artificial intelligence, the market remains cautious, balancing optimism with geopolitical risks and economic signals. Upcoming economic indicators, including jobless claims and GDP reports, are anticipated to further clarify the U.S. economic landscape and influence market directions. Overall, the interplay between technological advancements and tariff pressures continues to shape investor sentiment.