Nvidia Drives up Stock Market After Beating on Earnings, But There’s a Catch

Published: May 29, 2025 by Omor IE

Key Points

Nvidia beat earnings estimates once again, and the market is rewarding it for the surprise.
However, the data center revenue missed. The gaming segment’s outperformance was mostly why Nvidia managed to edge out a win.
Guidance also came in slightly worse than expected, but this is mostly due to export restrictions. The market seems satisfied with Nvidia.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.^(Sponsor)

Nvidia (NASDAQ: NVDA) had all eyes on it yesterday as the market closed. The company’s headline figures beat earnings estimates yet again. Most analysts had thought so, since Nvidia has been beating earnings estimates for the past ten quarters at that point. Piper Sandler said that there was a chance that this quarter would be messy and would be the last wave of negative news for Nvidia.

Thankfully, even that didn’t happen as investors took the earnings report well. Nvidia posted revenue of $44.1 billion, up 69% year-over-year, vs. the $45 billion guidance from Nvidia itself. It also posted EPS of $0.81, whereas analysts had wanted $0.93. The revenue print is right within the “plus or minus 2%” guidance error range. Wall Street analysts also didn’t punish Nvidia for the EPS miss and were sympathetic, as that miss was mainly due to export restrictions on China. Without these restrictions, EPS would have been $0.93.

The catch here is that the data center revenue still missed by $100 million. The only reason Nvidia beat was due to gaming revenue rising significantly. If it were not for gaming growing 48% sequentially, things would look different.

There has been a lot of action beyond Nvidia in the market as well.

Here’s a market update as of 12:00 PM (ET) today.

The S&P 500 is up 13.8 points, or 0.23%.
The Nasdaq Composite is up 18.47 points, or 0.09%.
The Dow Jones Industrial Average is down 165.49 points, or 0.39%.

Notable Gainers Today

LZ Technology (NASDAQ: LZMH) is up 44.5%, likely due to technical reasons. It is based in China.
Regencell Bioscience (NASDAQ: RGC) is up 36% for the same reason. This company is based in Hong Kong, and the recent court ruling on tariffs could be the reason why it’s up.
AMTD Digital (NYSE: HKD) is up 36%.
SS Innovations (NASDAQ: SSII) is up 29.7%.
E.l.f. Beauty (NYSE: ELF) is up 26.5% as it is acquiring Hailey Bieber’s skincare brand in a $1 billion deal.

AI, VEEV, BBW, TALK, TSHA, EXOD, RR, RDDT, IBRX, PLUG, NVDA, JD, XPEV, TEM, RUN, IOVA, CRWV, SRPT, LI, BA, A, DECK, NMAX, AES, FUTU, MRNA, AFRM, and PLAB are all up.

Notable Losers Today

Intellia Therapeutics (NASDAQ: NTLA) is down 23.6% after its gene therapy raised patients’ enzyme levels.
LiveWire Group (NYSE: LVWR) is down 22.8%.
Eos Energy Enterprises (NASDAQ: EOSE) is down 19%. It launched a $75 million common stock offering, and it is also planning a $175 million senior notes offering.
Hamilton Lane (NASDAQ: HLNE) is down 10.7%.
SentinelOne (NYSE: S) is down 10.6% after revenue missed in Q1.

BBY, BBWI, PONY, HPQ, AAP, ANF, NTNX, CRM, SMR, PSTG, IONQ, DAVE, QBTS, ANET, RGTI, NVTS, UBER, ETOR, HNGE, BULL, GME, RDW, and OPFI are all down today.