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Nvidia Survives China Controls 🚀

And, Salesforce's "currency tailwind."

May 29, 2025

Today is Thursday, May 29, 2025.

The Early Bird Index today is 81.42

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Nvidia Survives China Controls 🚀

Semiconductor giant Nvidia $NVDA ( ▼ 2.92% ) jumped 4.89% in after-hours trading on Wednesday, and it wasn’t just because of its strong financial results that were released.

Financials: Nvidia reported earnings of 81 cents per share and revenue of $44.1 billion in the past quarter. Both were better than expected.

Background: In April, the Trump administration told Nvidia that it required a license to export its H20 chips to China. The company was expected to incur a $5.5 billion charge due to China export controls.

Powering the Story: It turns out that Nvidia only incurred a charge of $4.5 billion because it was able to reuse certain materials, the company said Wednesday.

Early Bird’s Nest Egg Gains: Although the new tariffs are historically high and causing significant economic pain and business disruption, they have not halted the momentum of AI adoption.

Final Thoughts: After a bad start to 2025, it seems that Nvidia’s stock recovered its losses.

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Notables

Notable Earnings Today:  Costco Wholesale (Nasdaq: COST), Foot Locker (NYSE: FL), Marvell Technology (Nasdaq: MRVL), Best Buy (NYSE: BBY), Dell Technologies (NYSE: DELL), Kohl's (NYSE: KSS), Zscaler (Nasdaq: ZS), Ulta Beauty (Nasdaq: ULTA), Burlington Stores (NYSE: BURL), Gap (NYSE: GAP), American Eagle (NYSE: AEO), Build-A-Bear Workshop (NYSE: BBW), PagerDuty (NYSE: PD), Bath & Body Works (NYSE: BBWI), Li Auto (Nasdaq: LI), NetApp (Nasdaq: NTAP), Hormel Foods (NYSE: HRL), Caleres (NYSE: CAL), Elastic (NYSE: ESTC), CIBC (CM), UiPath (NYSE: PATH), Ambarella (Nasdaq: AMBA), American Woodmark (Nasdaq: AMWD), Cooper (Nasdaq: COO), Futu Holdings (Nasdaq: FUTU), Hamilton Lane (Nasdaq: HLNE), Movado Group (NYSE: MOV), Roivant Sciences (Nasdaq: ROIV), Royal Bank of Canada (NYSE: RY), SpartanNash (Nasdaq: SPTN).

Notable IPOs Today: Wintergreen Acquisition Corp. (Nasdaq: WTGUU), Jena Acquisition Corporation II (NYSE: JENA).

Notable Equity Crowdfunding Campaigns Ending Today: Taneum Creek Brewing (SMBX), ALMa Design Studio (SMBX).

Notable Economic Events Today: GDP (8:30 a.m. ET), Jobless Claims (8:30 a.m. ET), Core PCE Prices (8:30 a.m. ET), Pending Home Sales (10:00 a.m. ET), Crude Oil Inventories (12:00 p.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Salesforce's "Currency Tailwind"

Salesforce $CRM ( ▼ 0.58% ) ticked up 1.32% in after-hours trading on Wednesday after posting good financial earnings results.

Financials: Salesforce reported earnings of $2.58 per share and revenue of $9.83 billion in the past quarter. Both were better than expected.

Powering the Story: The company said it “now expects a currency tailwind” due to the weaker U.S. dollar in the first quarter.

Final Thoughts: The results are good, but this stock is down 16% this year.

HP Hit With "Added Cost"

Tech company HP $HP ( ▼ 0.46% ) fell 7.75% in after-hours trading on Wednesday after posting mixed financial earnings results.

Financials: HP reported earnings of 71 cents per share in the past quarter, which were lower than expected. Revenue reached $13.2 billion, which was better than expected.

Final Thoughts: The stock fell because HP said it has an “added cost driven by the current U.S. tariffs.”

Meme Stock Mania: GameStop bought $500 million of Bitcoin (TechCrunch)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.