Nvidia results pleased investors and eased fears over China tariffs and separately a court ruled President Trump’s tariffs are illegal with the White House vowing to appeal and Elon Musk is officially done with DOGE.

Artificial intelligence technology bellwether Nvidia overcame a wave of tariff-driven turbulence to deliver another quarter of robust growth amid feverish demand for its high-powered chips that are making computers seem more human.

While many analysts still count Nvidia as a top tech pick, they're also cautious on overhangs related to China restrictions and tariffs.

Nonetheless, gross margins dipped to 60%, falling below the 66% figure Wall Street had feared. Last quarter, CFO Colette Kress said the company expected margins to be in the low 70s to start the year as Nvidia continues to ramp its next-generation Blackwell offering.

Can Nvidia Stock Hit New Heights? CEO Jensen Huang Just Provided Clear and Compelling Evidence That the Answer Is "Yes." The chipmaker just answered bears who feared the company's growth streak had stalled.

Nvidia's earnings call is today at 5 pm ET. NVDA stock heads into the report up 0.9% YTD. Investors are focused on Trump tariff impact.

Chart represents the percentage by which Nvidia has exceeded or not met analysts' expectations for quarterly revenue. Nvidia has outdone estimates for nine consecutive quarters. Earnings aside, investors will also be watching developments in global bond markets after demand on Wednesday for Japan's 40-year government bond auction was its lowest since November,