CNBC Daily Open: Investors prioritize Nvidia's earnings over geopolitical risks

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribefell even as Seven & I shares soared nearly 11% on news that the company's founding family is planning touniversal tariff of up to 20%global chief economist Seth Carpenter.

"The conflict is escalating ... I clearly expect to see some kind of immediate reaction, knee-jerk reaction," Tiffany McGhee, CEO and CIO of Pivotal Advisors, told CNBC. That evacuation into less risky assets was only temporary, however. Stocks fell briefly on the news, but most U.S. indexes recovered to close higher on Tuesday. The

It seems that once investors digested those geopolitical events, they decided other factors were more important to the markets. As McGhee pointed out,"This is year three of the conflict and while initially we saw spikes in prices ... that's kind of leveled off," she said.more than U.S. jobs data, inflation readings or even Federal Reserve meetings, wrote Gonzalo Asis, equity-linked analyst at Bank of America Securities.

And investors won't just be looking at Nvidia's sales for the previous quarter. They'll want to know if the chipmaker's next-generation Blackwell chips can sustain – or even cement – Nvidia's dominance in the artificial intelligence chip industry. Last month, CEO Jensen HuangPast results aren't an indication of future performance. That's something every investor knows.

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