Nvidia's Record Quarter and EU-US Trade Deal Implementation

Nvidia beat Q1 estimates with $81.6 billion in revenue but saw a muted stock reaction, while the EU and US reached a provisional trade agreement to avoid a tariff war.

Key Takeaways

• 1.Nvidia reported a record fiscal Q1 with revenue of $81.6 billion, up 85% year-on-year, primarily driven by data center sales.
• 2.The EU and US reached a provisional agreement to implement a trade deal by summer 2025, removing customs duties on industrial goods and avoiding threatened 25% tariffs.
• 3.Despite strong earnings and guidance, Nvidia's share price response was muted due to growth durability concerns and crowded positioning.

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