Markets Yawn as Fed Holds Rates Steady—Meanwhile, Nvidia’s Earnings Steal the Show

Wall Street barely flinched as the Fed played it safe—again—leaving rates untouched. The real action? All eyes on Nvidia’s earnings report, because apparently silicon moves markets more than central bankers these days.

Funny how ’data-driven decisions’ always seem to align with whatever keeps Wall Street’s bonus pools intact. Meanwhile, the Dow dips a symbolic 100 points—just enough to pretend markets care about monetary policy.

Traders expect strong results from Nvidia

Nvidia’s first-quarter earnings report is coming out after the bell on Wednesday, and it is one of the most anticipated reports this year. The stock was among the most volatile performers this year, a Trump’s tariffs and bans on AI chip exports to China hurt its earnings.

Still, the latest deals negotiated during Trump’s visit to the Middle East, as well as a pause on the AI chip proliferation rule, boosted the stock higher. This is good news for AI crypto tokens, which are fueled by Nvidia’s infrastructure.

Currently, Wall Street anticipates stronger earnings than last year, with expected revenue at $43.3 billion and earnings per share of $0.88. This will likely primarily be driven by data center revenue, an expected $39.2 billion, at a 74% year-over-year increase.