Presented by

CLOSING BELL
Nvidia Missed, Stock Climbing

tenor

The market fell after an exuberant start to the week, despite retail earnings that beat estimates. The world waited for Nvidia to report, and they beat estimates, unless you count the second adjusted earnings number that missed. Still, down but not out, the firm gave upbeat guidance, and so far, they are climbing in the post-market trade. 👀

Today’s issue covers Nvidia Released TWO Adjusted EPS’s And One Missed, Joby Finally Tastes Some Toyota Cash, and A Round-up Of Fresh Wall Street Analyst Calls. 📰

With the final numbers for indexes and the ETFs that track them, all sectors closed red, with real estate $XLRE ( 0.0% ) leading and consumer discretionary $XLY ( ▼ 0.92% ) lagging.

finviz

S&P 500 $SPY ( ▼ 0.58% ) 5,888

Nasdaq 100 $QQQ ( ▼ 0.44% ) 21,318

Russell 2000 $IWM ( ▼ 1.05% ) 2,067

Dow Jones $DIA ( ▼ 0.57% ) 42,098

STOCKS
Nvidia Released TWO Adjusted EPS’s And One Missed 🖥️ 

Nvidia, the final big boy Mag Seven stock, reported an adjusted earnings beat… if you gloss over the $4.5B cost it suffered from the H20 chip export ban to China announced in April.

The firm said it expects about the same range for revenue in the coming quarter as Wall Street wanted, and would have a margin of 71% in its Q1 2026 (it is one year in the future SEC filing-wise), but its last quarter suffered under new bans.

The firm’s overall earnings beat, $0.75/share vs the estimate for $0.73, on revenue of $44.06B vs. $43.34B. Its adjusted earnings before the H20 adjustment came in at a miss, $0.81/share vs. estimates for $0.91. Never seen a double-adjusted EPS before? Welcome to 2026.

Nvidia’s earnings release

Data Center revenue came in at $39.1B, up 73% YoY but less than some projections for $39.2B. Gaming revenue climbed 48% from Q4 to beat estimates at $3.8B, compared to Wall Street’s $2.8B.

The firm said it managed to sell $2.5B in H20 chips before the ban. The firm expects to lose $8B more in the coming year from the chip bans. They also said they would pay out a $0.01/share dividend on July 3rd, so get your wallets ready for that windfall of cash. 💰️ 

“Global demand for NVIDIA’s AI infrastructure is incredibly strong. AI inference token generation has surged tenfold in just one year, and as AI agents become mainstream, the demand for AI computing will accelerate. Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and NVIDIA stands at the center of this profound transformation.” -Jensen Huang, founder and CEO of NVIDIA.

Less than an hour before the closing bell, President Trump said he would ban all chip design exports from the U.S. to China. $SNPS ( ▼ 9.65% ) fell during the trading day after FT reported Trump’s plan, but the stock stabilized after the firm reported an earnings beat and outlook increase. It was joined at the bottom of the S&P 500 on Wednesday by electronics designer $CDNS ( ▼ 10.67% ).

SPONSORED
Top Investors Are Buying This “Unlisted” Stock

When the team that grew Zillow to a $16B valuation starts a new company, people notice. No wonder SoftBank invested in Pacaso.

Taking the industry by storm all over again, Pacaso has built a platform that offers co-ownership of premier properties – revamping a $1.3T market. And by handing keys to 2,000+ happy homeowners, Pacaso has made $110M+ in gross profits.

Now, after 41% gross profit growth in 2024, they reserved the Nasdaq ticker PCSO. But you don’t have to wait. Invest for $2.80/share by tomorrow night.

This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC. *3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

COMPANY NEWS
Joby Finally Tastes Some Toyota Cash 🤑 

Joby Aviation shares surged 28% after Toyota invested $250 million, completing the first half of a previously announced $500 million commitment. The investment raises Toyota’s stake to 15.3%, making it Joby’s largest shareholder.

The company plans to use the funds for FAA certification and commercial production of its electric air taxis, with a target launch in Dubai by early 2026. Retail sentiment on Stocktwits remained extremely bullish, with traders highlighting Toyota’s backing as a major confidence boost.

*(I was wondering where I first saw this news, and remembered Joby was a featured play in the Stocktwits Chart Art newsletter from user @dojidad. )

Stocktwits Chart Art

POPS & DROPS
Noteworthy Stories From Stocktwits News 🗞️ 

$MTN ( ▲ 8.67% ) announced that Rob Katz, the man behind the Epic Pass idea, will return as CEO after Kirsten Lynch stepped down. Katz previously led the company from 2006 to 2021.

Dick’s Sporting Goods climbed after the firm reported Q1 earnings per share of $3.37, beating analyst estimates of $3.21, with revenue rising 5% year-over-year to $3.17 billion. Comparable sales increased 4.5%, marking the fifth consecutive quarter of over 4% growth.

$OKTA ( ▼ 16.16% ) reported Q1 revenue of $688 million, beating estimates of $680.1 million, with adjusted EPS of $0.86 exceeding forecasts of $0.77. Despite the earnings beat, shares fell more than 10% as analysts cut price targets due to weaker-than-expected guidance for current remaining performance obligations.

Abercrombie & Fitch reported Q1 revenue of $1.1 billion, up 8% year-over-year, surpassing estimates. Adjusted EPS came in at $1.59, beating the $1.35 consensus but down from $2.14 last year. The company raised its full-year sales growth outlook to 3–6%, citing strong performance across regions.

$GME ( ▼ 10.85% ) fell after the firm purchased 4,710 Bitcoin, spending approximately $512 million on its first-ever cryptocurrency buy. The move follows its earlier announcement of a $1.5 billion capital raise to fund Bitcoin acquisitions. Bitcoin is close to an all time high.

Macy’s reported Q1 adjusted EPS of $0.16, beating estimates of $0.14, while revenue fell 5% year-over-year to $4.6 billion, slightly above forecasts. Comparable sales declined 2% on an owned basis but showed strength at Bloomingdale’s and Bluemercury. Despite topping expectations, Macy’s cut its full-year profit outlook to $1.60–$2.00 per share, down from $2.05–$2.25, citing tariff risks.

$TSLA ( ▼ 1.65% ) targeted a June 12 launch for Robotaxi services in Austin, according to a Bloomberg News report Wednesday.

Tempus AI shares fell after Spruce Point Capital issued a short report, warning of a potential 50–60% downside. The report alleged concerns about CEO Eric Lefkofsky, and flagged “aggressive and suspicious” accounting practices, including adjusted EBITDA calculations benefiting from debt forgiveness structures. Less than 2% of the firm’s revenue comes from AI applications.

$CRM ( ▼ 0.42% ) climbed post-market after the firm raised its full-year guidance after reporting an earnings and revenue beat for Q1.

$ELF ( ▼ 1.33% ) fell post-market after reporting results, despite an earnings beat, and a new $1B brand deal to acquire Haily Bieber’s Rhode skincare line.

SPONSORED

What Top Execs Read Before the Market Opens

The Daily Upside was built by investment pros to give execs the intel they need—no fluff, just sharp insights on trends, deals, and strategy. Join 1M+ professionals and subscribe for free.

Join 1M+ professionals and subscribe for free.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

ANALYST UPGRADES FROM STOCKTWITS NEWS
A Round-up Of Fresh Wall Street Analyst Calls:

Right from Stocktwits news.

Upgrades:

• State Street ($STT): Truist upgraded to “Buy” from “Hold,” raising the price target to $112 from $85.

• Vail Resorts ($MTN): JPMorgan upgraded to “Neutral” from “Underweight,” maintaining a $167 price target. The company announced on Tuesday that Rob Katz will return as CEO, replacing Kirsten Lynch.

• FICO ($FICO): Baird upgraded to “Outperform” from “Neutral,” lowering the price target to $1,900 from $2,021.

Downgrades:

• Booz Allen ($BAH): Goldman Sachs downgraded to “Sell” from “Neutral,” cutting the price target to $94 from $108.

• Freshpet ($FRPT): TD Cowen downgraded to “Hold” from “Buy,” maintaining a $96 price target.

• Rocket Pharmaceuticals ($RCKT): Jefferies downgraded to “Hold” from “Buy,” slashing the price target to $2.50 from $29 due to an FDA clinical hold on a key gene therapy trial.

Retail sentiment on Stocktwits remained mixed, with investors debating the implications of these ratings shifts.

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: GDP Price Index (8:30am), Fed Barkin Speech (8:30am), Initial and Continuing Jobless Claims (8:30am), Fed Kuglar Speech (2:00pm), Fed Daly Speech (4:00pm), Fed Balance Sheet (4:30pm), Fed Logan Speech (8:00pm). 📊

Pre-Market Earnings: Best Buy ($BBY), Kohl’s ($KSS), Burlington Stores ($BURL), Futu Holdings ($FUTU). 🛏️

After-Hour Earnings: Costco Wholesale ($COST), Marvell Technology ($MRVL), Dell Technologies ($DELL), Elastic N.V. ($ESTC), Zscaler ($ZS), Ulta Beauty ($ULTA), The Gap ($GAP), UiPath ($PATH). 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

📰 RAD Intel AI said it’s upending the trillion-dollar fashion, retail, and lifestyle sectors— open to investors at $0.60/share, but not for long. *

🍎 With iOS 19 on the way, Apple looks toward mobile gaming

🏚️ Mortgage rates rose to the highest level since January, but demand from homebuyers still grew. Here’s why.

✈️ Fewer international tourists are visiting the U.S. — economic losses could be ‘staggering,’ researchers estimate

💄 E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal

👀 Elon Musk criticizes Trump’s ‘big beautiful bill,’ a fracture in a key relationship

🧓 Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show

**Disclaimer: This is a paid advertisement for RAD Intel made pursuant to Regulation A offering and involves risk, including the possible loss of principal. The valuation is set by the Company. Please read the offering circular and related risks at invest.radintel.ai. *3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

Get In Touch 📬

Follow our social channels for great, real-time content on Stocktwits and Twitter. And check out our YouTube channel for in-depth video content! 📲

Help us deliver the best content possible by completing this brief survey. 📝

Want to see some change? Email me, Kevin Travers, your feedback; follow me on Stocktwits. What did I miss? What do you want to see? I’d love to hear from you. 📧 

Want to sponsor this newsletter and reach hundreds of thousands of passionate investors and traders? Reach us here. 

Terms & Conditions 📝

Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍

Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋