Wall Street Roundup: The fog of tariffs

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 30 May 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nvidia gets another shrug from Wall Street post-earnings (0:25). Valuing stocks has become more difficult (4:05). Salesforce's interesting earnings (7:30). Off the radar Deckers Outdoors' volatility (9:00). Tariff uncertainty continues (11:15). Longer-term economic conversation (15:40). Musk, DOGE, and Tesla (17:00). Murky retail picture (18:25). Companies investing in Bitcoin (23:25).

Show Notes:
Wall Street ekes out gain, bonds rally after weak GDP data
Costco outpaces Walmart and Target again in the U.S.
Salesforce Q1 Earnings Call Transcript

Episode transcripts: seekingalpha.com/wsb

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Transcript

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0:00.0	Brian Stewart, our director of news at Seeking Alpha. Welcome back to Wall Street Roundup.
0:15.9	Great to be here. Always great to talk to you and see how things are going in the markets and in the world and in the economy.
0:21.6	I think probably the big stock name to report this week that we discussed last week in anticipation of the earnings release is everybody's favorite AI stock, NVIDIA.
0:34.6	What would you say about what you saw out of NVIDIA and the market's reaction
0:40.4	to it? Yeah, I feel that NVIDIA is fomenting a real debate among the investor community
0:46.9	so far today. The stock is up about 4% as we're talking now on Thursday. It was up more earlier
0:52.5	in the day, but it's pulled back a little bit. So a modestly
0:56.0	positive response to the earnings. To put that into perspective, the stock's trading at about
1:02.1	140 now. Its 52 week high was 153, just over 153. So it was about 9% away from that 52 week high.
1:10.2	Looking the other way from April lows, the stock is up 62%. So it's about 9% away from that 52 week high. Looking the other way from April lows, the stock is up 62%.
1:13.8	So it's already had a giant rebound from the nader of the tariff concerns back in April.
1:22.9	So the company's earnings this time around is basically receiving a shrug from Wall Street.
1:30.0	If you ask the Bulls, they'll tell you that the company is seeing macro problems with its China sales.
1:37.7	But outside of that headwind, there's strength in other geographies, and strength in areas like gaming.
1:45.9	So even outside the AI sector.
1:48.2	However, on the other side, the bears would say that the AI-related data center growth has
1:52.4	been slowing the last several quarters.
1:54.6	So it reached a peak in Q1 of last year at 427% annual growth.
2:00.5	It's been less and less each quarter since until this last
2:04.1	quarter is 73%. Year-over-year growth, obviously that's still pretty strong, especially when you're
2:10.2	lapping a 400% gain last year. The data set in revenue is now 10 times what it was in Q4 of 23. So it's currently
2:21.4	Q1 of 26 the way that they do their calendar quarter, they do their fiscal quarters. So
	...

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