Jensen Huang does not hide his frustration with U.S. chip policies. On Nvidia’s latest earnings call, the CEO said the $50 billion market for AI chips in China is now “effectively closed to U.S. industry.

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.

E.l.f. Beauty is acquiring Hailey Bieber’s beauty brand, giving the cosmetics company’s stock a major glow-up. E.l.f. on Wednesday announced its $1 billion cash-and-stock deal to buy Rhode, the American model’s cosmetics and skin-care line.

Nvidia reported a record $44.1 billion in overall revenue, compared to expectations of $43.3 billion. It also guided investors for $45 billion in fiscal second-quarter sales, even with an expected $8 billion in lost revenue from China sales due to export restrictions. Analysts had penciled in guidance for $45.9 billion.

Investors may have thought they missed out after Nvidia (NASDAQ: NVDA) shares popped yesterday from its fiscal 2026 first-quarter earnings report. Nvidia stock ended Friday's session down 2.9%, which is about in line with where it closed prior to the earnings pop yesterday.

Share prices for Big Tech’s Magnificent Seven and major chipmakers rose on Thursday after a wave of welcome news for investors.

U.S. stocks fell Wednesday with Fed minutes revealing concerns about inflation and recession. Tech bellwether Nvidia reports after the bell.

Nvidia ( NVDA) stock dropped as much as 2% Friday morning after US President Trump claimed that China had “totally violated” an agreement with the US. The tech-heavy Nasdaq ( ^IXIC) fell 0.3%, while the S&P 500 ( ^GSPC) was down just 0.1% late Friday morning.

Nvidia faces slowing growth, China export bans, and valuation concerns despite strong AI demand. Read an analysis of NVDA stock here.