Nvidia reported its fiscal first-quarter results after Wednesday’s closing bell. Investors are focused on the company's ability to withstand restrictions on its China business, as well as Nvidia’s overall trajectory with its new Blackwell lineup.

Is Nvidia's explosive growth worth the premium, or does Alphabet offer smarter value? Get the facts on these top AI stocks before you invest.

Nvidia ( NVDA) stock dropped as much as 2% Friday morning after US President Trump claimed that China had “totally violated” an agreement with the US. The tech-heavy Nasdaq ( ^IXIC) fell 0.3%, while the S&P 500 ( ^GSPC) was down just 0.1% late Friday morning.

Nvidia is worth $3.4 trillion, give or take. And it just released Q1 results. When we look at the trading activity over the past year, we see a lot of sideways chop. But the stock really needs to clear old resistance around $150-152 before we get excited about a fresh, major leg up.

FactSet estimates see first-quarter earnings of $0.73 per share and revenue of $43.3 billion, up 66 percent from a year ago. While that sounds strong in a vacuum, it’s a slowdown from the triple-digit expansion Nvidia posted in 2024, when revenue was up 262 percent year-over-year the same quarter.

Stocks were mostly higher Thursday morning on hopes for easing tariff levels and as Nvidia earnings please investors once again.

Read Investopedia's live updates on the AI chip giant's quarterly results, as well as the market reaction and comments from CEO Jensen Huang during the conference call with analysts.

Can Nvidia Stock Hit New Heights? CEO Jensen Huang Just Provided Clear and Compelling Evidence That the Answer Is "Yes." The chipmaker just answered bears who feared the company's growth streak had stalled.

Nvidia stock is up 3.9% at $140.14. According to Dow Jones Market Data, that would be The highest closign level since Jan. 24 when shares finished at $142.62; The largest percent increase since May 14 when it rose 4.

Nvidia Corporation excels with growth and a dominant position, despite issues. Explore fair value analysis, risks, and strategies. Click for my NVDA stock update.