<p>U.S. stock futures were mixed on Thursday following <strong>Nvidia Corp.</strong>‘s (NASDAQ:NVDA) first-quarter earnings results released after Wednesday’s higher close.</p>



<p>Not long after Nvidia released its earnings results, SpaceX submitted its S-1 registration statement to the SEC. The filing provided a rare public glimpse into the company's financial health just ahead of its upcoming investor roadshow scheduled for June. </p>



<p>Meanwhile, the 10-year Treasury bond yielded 4.58%, and the two-year bond was at 4.06%. The CME Group's FedWatch tool‘s projections show markets pricing a 96.8% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.</p>



<figure class="wp-block-table is-style-stripes"><table><tbody><tr><td><strong>Index</strong></td><td><strong>Performance (+/-)</strong></td></tr><tr><td>Dow Jones</td><td>0.01%</td></tr><tr><td>S&amp;P 500</td><td>0.01%</td></tr><tr><td>Nasdaq 100</td><td>-0.04%</td></tr><tr><td>Russell 2000</td><td>-0.04%</td></tr></tbody></table></figure>



<p>The<strong> SPDR S&amp;P 500 ETF Trust </strong>(NYSE:SPY) and <strong>Invesco QQQ Trust ETF </strong>(NASDAQ:QQQ), which track the S&amp;P 500 and Nasdaq 100, respectively, were mixed in premarket on Thursday. The SPY was up 0.042% at $741.56, while the QQQ was lower by 0.060% to $712.72.</p>



<div>


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<h2><strong>Stocks In Focus</strong></h2>



<h2>Nvidia</h2>



<ul>
<li><strong>Nvidia Corp. </strong>(NASDAQ:NVDA) rose 0.21% in premarket on Thursday after reporting better-than-expected first-quarter financial results and issuing strong revenue guidance for the second quarter.</li>
</ul>



<ul>
<li><strong>Benzinga’s Edge Stock Rankings</strong> indicate that NVDA maintains a strong price trend in the long, medium, and short terms, with a poor value score.</li>
</ul>



<figure class="wp-block-image size-full"></figure>



<h2>Intuit</h2>



<ul>
<li><strong>Intuit Inc.</strong> (NASDAQ:INTU) tumbled 13.53% despite reporting upbeat financial results for the third quarter of fiscal 2026. However, it announced plans to reduce its workforce by 17% to simplify its organizational structure</li>
</ul>



<ul>
<li><strong>Benzinga’s Edge Stock Rankings </strong>indicate that INTU maintains a weak price trend in the short, long, and medium terms, with a solid growth score.</li>
</ul>



<figure class="wp-block-image size-full"></figure>



<h2>AT&amp;T</h2>



<ul>
<li><strong>AT&amp;T Inc.</strong> (NYSE:T) was up 0.12% as it committed to invest $19 billion in California through 2030.</li>
</ul>



<ul>
<li><strong>Benzinga’s Edge Stock Rankings</strong> indicate that T maintains a weak price trend in the long, short, and medium terms.</li>
</ul>



<figure class="wp-block-image size-full"></figure>



<h2>elf Beauty</h2>



<ul>
<li><strong>elf Beauty Inc.</strong> (NYSE:ELF) jumped 9.03% after reporting quarterly earnings of 32 cents per share, which beat the analyst consensus estimate of 29 cents, and its revenue came in at $449.29 million, which beat the Street estimate of $422.93 million.</li>
</ul>



<ul>
<li><strong>Benzinga’s Edge Stock Rankings </strong>indicate that ELF maintains a weak price trend in the short, long, and medium terms, with a solid quality rank.</li>
</ul>



<figure class="wp-block-image size-full"></figure>



<h2>Nebius Group</h2>



<ul>
<li><strong>Nebius Group NV </strong>(NASDAQ:NBIS) rose 6.88% and <strong>Bloom Energy Corp. </strong>(NYSE:BE) gained 2.39% after the two companies announced a 10-year partnership to deploy Bloom’s proprietary solid oxide fuel cells to power Nebius’s artificial intelligence infrastructure and data centers.</li>
</ul>



<ul>
<li><strong>Benzinga’s Edge Stock Rankings</strong> indicate that NBIS maintains a strong price trend in the short, long, and medium terms, with a poor value ranking.</li>
</ul>



<figure class="wp-block-image size-full"></figure>



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<h2><strong>Cues From Last Session</strong></h2>



<p>Materials, information technology, and consumer discretionary stocks recorded the biggest gains on Wednesday, driving most S&amp;P 500 sectors higher, though consumer staples and energy stocks bucked the trend to close lower.</p>



<figure class="wp-block-table is-style-stripes"><table><tbody><tr><td><strong>Index</strong></td><td><strong>Performance (+/-)</strong></td><td><strong>Value</strong></td></tr><tr><td>Dow Jones</td><td>1.31%</td><td>50,009.35</td></tr><tr><td>S&amp;P 500</td><td>1.08%</td><td>7,432.97</td></tr><tr><td>Nasdaq Composite</td><td>1.54%</td><td>26,270.36</td></tr><tr><td>Russell 2000</td><td>2.56%</td><td>2,817.36</td></tr></tbody></table></figure>



<h2><strong>Insights From Analysts</strong></h2>



<p><strong>BlackRock</strong> has upgraded developed market stocks to overweight, driven by “AI-driven earnings momentum strength.” Strong corporate earnings expectations, particularly in the technology sector, are keeping them “risk-on” as the AI boom continues to lift U.S. corporate profits.</p>



<p>Furthermore, BlackRock emphasizes that market leadership is expanding. They note that “the gap between expected Magnificent 7 earnings growth and the rest of the S&amp;P 500 in 2027 has narrowed to 3 percentage points, down from 31% in 2024”.</p>



<p>Beyond tech, they favor sectors like healthcare and energy that are structurally tied to the AI buildout and rising power demand. </p>



<p>On the economic front, competing “mega forces” are shaping highly uncertain macro paths. While one scenario envisions an “AI productivity boom that could sustain stronger growth and earnings,” BlackRock remains cautious about persistent inflation.</p>



<p>They anticipate that inflation will “settle above pre-pandemic levels,” compounded by geopolitical fragmentation and “inflation pressures from geographical fragmentation such as the Middle East supply shock.”</p>



<h2><strong>Upcoming Economic Data</strong></h2>



<p>Here's what investors will be keeping an eye on Thursday.</p>



<ul>
<li>Initial jobless claims for the week ending May 16, April’s housing starts and building permits data, along with May’s Philadelphia Fed manufacturing survey, will all be released by 8:30 a.m. ET.</li>



<li>May’s S&amp;P flash U.S. services and manufacturing PMI will be released by 9:45 a.m. ET.</li>
</ul>



<h2><strong>Commodities, Crypto, And Global Equity Markets</strong></h2>



<p>Crude oil futures were trading lower in the early New York session by 4.75% to hover around $99.42 per barrel.</p>



<p>Gold Spot US Dollar fell 0.28% to hover around $4,531.26 per ounce. Its last record high stood at $5,595.46 per ounce. The U.S. Dollar Index spot was 0.03% higher at the 99.1170 level.</p>



<p>Meanwhile, <strong>Bitcoin </strong>(CRYPTO: BTC) was trading 0.51% higher at $77,848.37 per coin, as per the last 24 hours.</p>



<p>Asian markets closed mixed on Thursday, as India’s Nifty 50, China’s CSI 300, and Hong Kong's Hang Seng indices fell. While Japan's Nikkei 225, South Korea's Kospi, and Australia's ASX 200 indices rose. European markets were mostly higher in early trade.</p>



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<p><em>Photo courtesy: Shutterstock</em></p>

NVDA Q1 just dropped. Revenue USD 81.6 billion (+85% YoY). Adjusted EPS +140% YoY. Data center revenue USD 75.2 billion (~92% of total). Every line beat consensus. Q2 guidance: USD 91 billion, and that excludes any China data center revenue. The board also added USD 80 billion to the buyback authorization and lifted the quarterly dividend by 24x.&nbsp;On paper, all green. But the stock dropped over 3% after-hours before clawing back. The market has gotten used to bigger NVDA beats, and a 3.1% top-line surprise wasn't enough this time. Layer on repricing noise from a revised reporting framework, and at the USD 6 trillion mark, the disagreement is real.&nbsp;Continued AI king run, or first real high-altitude correction?

<p>NVDA Q1 just dropped. Revenue USD 81.6 billion (+85% YoY). Adjusted EPS +140% YoY. Data center revenue USD 75.2 billion (~92% of total). Every line beat consensus. Q2 guidance: USD 91 billion, and that excludes any China data center revenue. The board also added USD 80 billion to the buyback authorization and lifted the quarterly dividend by 24x.&nbsp;</p><p>On paper, all green. But the stock dropped over 3% after-hours before clawing back. The market has gotten used to bigger NVDA beats, and a 3.1% top-line surprise wasn't enough this time. Layer on repricing noise from a revised reporting framework, and at the USD 6 trillion mark, the disagreement is real.&nbsp;</p><p>Continued AI king run, or first real high-altitude correction?</p>

NVDA Beats Every Line Yet Stock Wobbles?

NVDA

.SPX

.DJI

<p>U.S. stock futures were mixed following Nvidia's Q1 earnings, with the Dow Jones and S&P 500 slightly up, while Nasdaq fell. Nvidia's stock rose after strong results, while Intuit dropped 13.53% due to workforce cuts despite positive earnings. AT&T announced a $19 billion investment in California, and elf Beauty surged 9.03% after beating earnings estimates. BlackRock upgraded developed market stocks, citing AI-driven earnings momentum, while cautioning about persistent inflation. Key economic data is expected today.</p>

- U.S. stock futures showed mixed results following Nvidia's first-quarter earnings, with the company reporting strong guidance, while Intuit’s stock dropped significantly despite positive earnings.  
- SpaceX's S-1 filing with the SEC provided insights into its financial health ahead of an investor roadshow, as the Federal Reserve is expected to maintain current interest rates.  
- Analysts from BlackRock upgraded developed market stocks due to AI-related earnings momentum, while expressing concerns about persistent inflation and geopolitical issues impacting economic forecasts.

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Stock Market Today: Dow Jones Futures Gain, But Nasdaq Falls After NVDA's Q1 Results—Nvidia, Nebius Group, Intuit In Focus