From Nasdaq: 2025-05-28 18:46:00

On Wednesday, markets took a downturn, with the Dow shedding -244 points, the S&P 500 losing -0.56%, and the Nasdaq down -0.51%. NVIDIA reported mixed Q1 earnings, with record revenues but a missed EPS due to a one-time hit. Salesforce outperformed estimates, while HPQ missed and guided lower. ELF had a strong Q4, and C3.ai beat expectations.

NVIDIA’s Q1 earnings report revealed record revenues of $44.1 billion, +69% YoY, but missed EPS of 81 cents per share. Data Center revenue hit $39.1 billion, a new high, and Gaming business grew +3.8 billion. Gross margins were +61%. Shares are up over +5%.

Salesforce exceeded estimates in Q1, with earnings of $2.58 per share on $9.8 billion in revenues. Guidance was raised for next quarter and full year. Hewlett-Packard missed expectations in Q2, with earnings of 71 cents per share and revenues of $13.2 billion. ELF beat estimates in Q4 with earnings of 78 cents per share and revenues of $332.6 million.

C3.ai, an Enterprise AI firm, outperformed expectations with a loss per share of -$0.16 on $108.7 million in sales. Non-GAAP gross margins reached +70% on +9% subscription growth. Shares are up +12% on the report.

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