DJ Jensen Keeps the AI Rave Alive, AE Rings Up Kelce, Bitcoin Signals Trouble Ahead

Well, happy hump day! (if that’s even a thing people say anymore).

We can all finally unclench our firsts and stop refreshing our brokerage apps for five minutes… because investors shoved stocks to fresh all-time highs Wednesday, betting Jensen Huang would show up big on Nvidia earnings. And sure enough, the man in the leather jacket delivered… dropping another hit track on his never-ending AI mixtape.

Nvidia posted $46.7 billion in revenue versus $46.0 billion expected, with adjusted EPS of $1.05 against $1.01 estimates. The company guided for $54 billion next quarter… and that’s without assuming any China H20 sales. Data center revenue alone surged 56% to $41.1 billion, with its new Blackwell chips already making up 70% of the haul. Net income jumped 59% to $25.8 billion, because of course it did. All that to say, Jensen crushed it. But in true market fashion, Nvidia stock wobbled in after-hours trading anyway, because apparently 56% growth and $25 billion in quarterly profit isn’t impressive enough. (Wall Street, folks.)

Indexes barely moved during the day, as everyone was waiting for Nvidia. The S&P 500 rose 0.24% to close at 6,481.40… another record. The Dow gained 147 points (0.32%) and the Nasdaq ticked up 0.21%. Nothing wild, but the market’s still on cruise control. 

Meanwhile, traders are whispering about Bitcoin being a “tell” again. After topping $125k, it’s now threatening $111k, with BTIG’s Jonathan Krinsky warning that slipping below $110k could mean the equity rally isn’t as strong as it looks. But after Nvidia’s earnings beat, no one wants to hear that sh*t (guess we’ll see).

And remember how Trump fired Fed Governor Lisa Cook on allegations of mortgage fraud yesterday? You’d think bonds would throw a fit, but they barely blinked. Two-year yields nudged up to 3.65% after kissing their lowest levels since May, while the 30-year hung out above 4.9% like nothing happened. So essentially, the bond market looked at the latest episode of “Trump vs. the Fed” and said, “cool story, bro.” Still, it’s another reminder that the policy backdrop is getting messier by the day… and the fact investors can yawn through a Fed governor getting canned shows just how numb everyone’s become to chaos.

As for the biggest single stock stories of the day… MongoDB ripped 38% after topping expectations (AI demand, shocker), Okta gained more than 1% on its results, and Cracker Barrel’s stock kept climbing (+8%) after Trump and his supporters successfully bullied the company into restoring its old logo.

Since chasing clout seems to be their full-time job these days, American Eagle signed Taylor Swift’s freshly minted fiancé to a new partnership… and the stock popped 8% like Swifties were about to YOLO their 401(k)s into denim shorts. If AE can’t fix sagging sales with the Swiftie economy on its side, nothing will. (The stock jumped 8% for the day).

So have no fear… Nvidia didn’t blow up the bull market. If anything, it reminded everyone that AI demand is still the backbone holding record highs together. But if the whole rally depends on one guy in a leather jacket, don’t be shocked when the music stops… for now though, Daddy Jensen’s still playing and Wall Street’s happy to dance.

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.

At the time of publishing this article, Stocks.News doesn’t hold positions in companies mentioned in the article.