Mixed Performance in Major Indices
The major stock indices displayed a mixed performance today, with the Dow industrial average retreating by 0.60%. Meanwhile, the S&P 500 showed minor fluctuations, currently trading up by 0.15%. The technology-heavy NASDAQ index has risen by 0.62%, approaching its record closing level of 26,274.13, with current trading at 26,255 and a high of 26,274.78. The S&P 500 is also probing its all-time closing high of 7,412.85, currently lingering at 7,411.96.
Nebius Prepares for Earnings Release
Nebius is experiencing a noteworthy increase of 17.47% ahead of its earnings release after the market close. Analysts expect an earnings per share (EPS) decline of $-0.76 on projected revenues of $375.13 million. This would represent a significant drop compared to last year’s reported loss of $-0.41 on revenues of $55.3 million. The AI infrastructure firm indicated it is exceeding expectations in terms of power capacity growth, raising its 2026 contracted power target to at least 4 gigawatts, up from a previous target of more than 3 gigawatts. Additionally, Nebius announced a new facility in Pennsylvania that is projected to support 1.2 gigawatts of power upon completion, marking its second gigawatt-scale facility in the U.S.
Record Gains Amidst Volatility
Nebius shares have skyrocketed by 133.31% since March 30, rebounding from a low at the 200-day moving average, achieving unprecedented levels. However, despite this impressive upward trend, the stock appears to be priced for optimism, given its anticipated EPS loss. Nevertheless, the surge in sales is a positive indicator for investors.
Marvell Technology Continues its Climb
Marvell Technology Inc. (MRVL) is also enjoying a robust day, trading up 9.94% and reaching new record highs. The company, which specializes in the design, development, and sale of integrated circuits, has seen its shares increase by 112% since bottoming out against the 100-day moving average on March 19, over the course of 37 trading days. Marvell is set to announce its earnings on May 27, with expectations pointing towards an EPS of $0.79, a rise from $0.62 the previous year, alongside projected revenues of $2.4 billion, up from $1.9 billion.
🚀 Upgrade Your Trading Experience
Join Only Signals Subscription Harmonics Pro Trader Basic Harmonics Pro Trader Intermediate Harmonics Pro Trader AdvancedNvidia Capitalizes on Market Momentum
Nvidia’s stock is also on the rise, gaining $6.47 or 2.94% and reaching an all-time high. Speculation surrounding CEO Jensen Huang’s attendance at a recent event with the Trump administration has attracted attention, especially as he boarded Air Force One in Alaska. Since its low on March 30, Nvidia’s price has increased by 38.42%—though less dramatic than the gains seen by Nebius and Marvell, it still reflects significant market resilience over the past 31 trading days.
Impressive EPS Expectations for Nvidia
Nvidia is expected to report an EPS of $1.74, a substantial increase compared to $0.81 a year ago, on May 20—marking an impressive year-over-year gain of approximately 114.8%. Revenue is forecasted to reach $78.76 billion, up from $44.06 billion in the same quarter last year, representing a substantial increase of about 78.8%. For reference, last quarter’s EPS stood at $1.62, backed by revenues of $68.13 billion.