Stocks were poised to open higher, extending a potential eighth straight winning week for the S&P 500. The market showed a 27.43% one-year gain and an 8.92% advance year to date. AI enthusiasm was cited as the main driver after strong Nvidia results. Nvidia reported Q1 FY2027 revenue of $81.61 billion, up 85.2% year over year, with Data Center revenue of $75.25 billion and networking up nearly 199%. Guidance for the next quarter was $91.0 billion plus or minus 2%, alongside an $80 billion buyback authorization. Microsoft reported an AI business at a $37 billion annual run rate, Apple posted its best March quarter ever at $111.2 billion, and Intel’s Xeon 6 was selected as host CPU for Nvidia’s DGX Rubin NV.
"“the stocks are looking like they may open higher today, rounding out what could be the eighth straight winning week for the S&P 500.” That kind of streak does not happen by accident, and inside the Trump bull market it has become the defining rhythm: shallow dips, fast recoveries, and a tape that refuses to let bears press a hand. SPY traded at $748.05. As Chu spoke, the market sat on a 27.43% one-year gain and a 8.92% advance year to date, which is the arithmetic that quiets skeptics."
"“enthusiasm around the AI trade is continuing to boost stocks after strong results from Nvidia earlier this week.” Nvidia’s quarter set the tone. NVIDIA (NASDAQ:NVDA) reported Q1 FY2027 revenue of $81.61 billion, up 85.2% year over year, with Data Center revenue at $75.25 billion and networking up nearly 199%. CEO Jensen Huang called “the buildout of AI factories the largest infrastructure expansion in human history.”"
"Nvidia's guidance just keeps going up and there's no reason to doubt this rally anymore. Some bulls are looking at a $10 trillion valuation within the next two years, though the average rating isn't that generous. The stock cooled into the print and is down 5% in the past five days, but the read-through for the rest of the complex worked. Microsoft disclosed an AI business at a $37 billion annual run rate, up 123% year over year, with commercial remaining performance obligations of $627 billion."
"Furthermore, Apple posted its best March quarter ever at $111.2 billion in revenue, fueled by iPhone 17 demand, and authorized $100 billion in fresh buybacks. Intel has compounded a 221.14% year-to-date gain after its Xeon 6 was selected as host CPU for NVIDIA's DGX Rubin NV."
Read at 24/7 Wall St.
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