After four long days of mind-melting red, the S&P 500 crawled up a microscopic 0.01% on the day, while the Nasdaq managed a 0.26% gain thanks to Nvidia pumping up nearly 4% before earnings. The Dow on the other hand, sung a different tune this Wednesday as the OG index plummeted another 188 points just to remind everyone what “never let them know your next move” looks like. 

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Meaning, so far this week, the S&P 500 is down more than 1%, the Nasdaq is down 2.8%, and the Dow has dropped 0.2%. Not exactly the roaring market that made us all feel like temporary genius’ in 2024, amirite? 

But alas, speaking of Nvidia, the chip giant just dropped its results, and holy hell, Blackwell is already printing money. Their new architecture generated $11 billion in revenue this quarter, which they're calling "the fastest product ramp in our company's history." Now with that said, Nvidia's gross margins did slip to 73% from 76% last year, but analysts were expecting that drop as they transition to Blackwell. Imagine complaining about 73% margins when most companies would sacrifice their firstborn for anything over 30%. So at least those expectations were expected. 

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Additionally, Nvidia’s guidance was technically above analyst expectations at $43 billion versus $42.1 billion, but Wall Street's been so spoiled by Nvidia's massive beats that merely exceeding estimates might not be enough anymore. Case in point: Nvidia plunged -4% in after hours trading before recovering half of it. 

Looking over on the other side of the aisle (literally), Instacart shares dropped 12.3% today, marking their worst day ever after missing revenue expectations. Turns out people might be getting tired of paying $15 in fees to have someone bring them $10 worth of bananas. And I for one, don’t blame them. Meanwhile, Tesla continued its spectacular nosedive, falling another 4% today. The stock is now down more than 30% since Trump took office and just dipped below $300 for the first time since November. 

Live look at every degenerate who had call options on Tesla….

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In the land of more terrible news, AppLovin tumbled 12% after two different short sellers released reports. Flywire crashed more than 37% after missing earnings estimates. And Bloomin' Brands (Outback Steakhouse's parent company) plunged 17% on weak guidance. Apparently no amount of Bloomin' Onions could save them. No rules, just massive losses.

For Target investors, analysts are pointing out the stock trades at just 12.5 times 2026 earnings compared to the retail group average of 35 times. The stock's down 8% this year and 17% over the past 12 months. Either this is the deal of the century or there's something fundamentally wrong that Wall Street isn't pricing in. History suggests it's usually the latter, but I've been wrong before. Like that time I told everyone Bitcoin was definitely going to zero in 2017 LOL. 

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So yeah, in the grand scheme of things, the Dow is still a falling knife, and we’re now at the hands of how the markets react to Nvidia's numbers tomorrow. Meaning, keep your pearls close and place your bets accordingly! Until next time… 

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

Stocks.News holds positions in Tesla as mentioned in the article.