Nvidia ended up beating estimates for its 2025 first-quarter, posting revenue of $26 billion and adjusted earnings of $6.12 per share .) prices are moving on this news as experts look ahead to how the Senate will vote on this if it passes through the House.We're joined by Jared Bli to get you up to speed on the action from today's session.
Remember it closed at a record yesterday, but pulling back a little bit into its earnings that are coming in just a little while here as we talked about it earlier, the shares up some 92% year to date.So let's get to our sector action where tech was just barely holding on to some gains here.Health care, industrials, communication services also rounding out uh some of the the leaders here but not by a lot.XL U that's utilities taking a downbeat and discretionary also down about 1%.
So really, it's the two of the hyper scale that have done very well and have shown how they're going to make revenue with this, you know, this new technology, which is artificial intelligence, whereas meta came out and said we're spending this much, but we'll tell you about the revenues later.
So when you think about big tech that hasn't appreciated the their potential in artificial intelligence, Apple likely falls into that category and you only have to wait until June to find out what that means to you.Art because we got those fed minutes today as well.Do you think there's a chance there could still be a hike in rates?I think that we've seen the trajectory of inflation um starting to slowly work in the right direction, right.
So if you look at those synopsis numbers for the full year now, expecting 6.09 billion to $6.15 billion in revenue, 6.57 to 6.63 is what was estimated there.And the company also for its second quarter, its earnings per share did beat estimates at $3 and revenue did rise 4.3% roughly in line with estimates at $1.45 billion.
They might mention A I, you don't know, they certainly could, maybe you can try, maybe you can try and close with A I, I don't know.The van's owner coming out with those numbers and speaking of which van is expected to be weak here. Yeah, just quickly here, I'm looking at the division breakdown vans revenue in the fourth quarter down 26% north face revenue down by 5%.Thursday, May 23rd starting off on the earnings front.
Another piece of economic data coming out in the morning, that's the monthly Purchasing managers index report for May economist forecasting uptick in services while manufacturing holds steady. The legislation being called the Financial Innovation and Technology for the 21st Century Act or F 21 for short is one that house Financial Services Chair Patrick mchenry has been pushing for the better part of a year and one that the crypto industry highly favors the legislation would establish the commodities futures trading commission as a leading regulator of digital assets.
Waters warns the bill would effectively de regulate most crypto by removing them from the purview of the SEC. So beating on every metric once again announcing this initial, announcing this 10 for one stock forward stock split.It's sort of token, but nonetheless, raising that cash dividend as well.But as our Josh Shafer pointed out earlier, there's not always, you know, it, the what the company says and what the stock does do not always match.
You listen, we've been covering this company, both of us for a long time and the transformation of the company is remarkable.It's a big, it's an important part of the company's business, but the attention has shifted to data center. You know, you have the same thing at the end of the day in terms of the notional value, the amount of money you have is the same, right?But I think, yeah, 100% it's geared towards retail investors.It's really hard to, you know, hard to buy a stock that's trading um at these prices.
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