HAPPY WEDNESDAY TO THE STREET.

Nvidia $NVDA ( ▼ 1.36% ) earnings are in. The results? A top- and bottom-line beat, naturally! The chip giant posted annual revenue growth of 69% and shattered the previous quarter’s sales record.

The stock rose in aftermarket trading. But don’t get your hopes too high for a sharp gain tomorrow. High hopes, after all, are exactly Nvidia’s problem right now.

For example, revenue in its key data center segment rose 73% year-over-year. It still fell short of analyst expectations.

Its earnings per share also rose 33% annually. But that’s far less than the >70% gains it posted for the past seven quarters straight.

Shakespeare once wrote, “Expectation is the root of all heartache.” His classic wisdom may continue to ring true today. Then again, he also wrote, “I am pigeon-liver’d and lack gall.” So who are we to say?

• 🟥 | US stocks ticked down ahead of the aforementioned report from the world’s second most valuable company by market cap.

• 📈 | One Notable Gainer: Air taxi maker Joby Aviation $JOBY ( ▼ 3.94% ) lifted off after securing a $250M investment from Toyota $TM ( ▼ 1.89% ).

• 📉 | One Notable Decliner: Identity management firm Okta $OKTA ( ▼ 1.35% ) is having an identity crisis, warning that customers have become “more cautious” amid economic uncertainty.

— Brooks & Cas

Sponsored by RYSE

TARIFFS SURGE — THIS TECH DISRUPTOR MOVES FASTER THAN GLOBAL SHIFTS

Consumer electronics may have dodged the tariff bullet, but one smart home disruptor isn’t waiting for luck. 

They’ve strategically secured production outside China, staying ahead of the global manufacturing shift.

That’s exactly how this company has hit 200% year-over-year growth while expanding into over 120 major retail locations.

Their smart shade technology is reshaping home automation, protected by patents and backed by powerful retail partnerships.

Smart investors spot the pattern: companies that turn global challenges into strategic wins often deliver the biggest returns.

At just $1.90 per share, you’re looking at a company that’s not just prepared for supply chain shifts — it’s already capitalizing on them.

INVEST NOW BEFORE THIS OPPORTUNITY ENDS

STOCK HEATMAPS

Market Movers

ABERCROMBIE & FITCH, GAMESTOP, VAIL RESORTS

$ANF ( ▲ 4.59% ) Abercrombie Surges on Raised Outlook After Tallying Tariff Cost (Bloomberg)

$GME ( ▼ 1.67% ) Investors flee GameStop following $500 million Bitcoin splurge (Fortune)

$MTN ( ▲ 0.44% ) Vail Resorts Stock Soars as Company Brings Back Former CEO (Investopedia)

$CDNS ( ▲ 0.64% ) / $SNPS ( ▲ 1.9% ) Chip software stocks sink on report Trump ordered halt to China sales (CNBC)

$BOX ( ▼ 1.61% ) Box Stock Surges After Strong First-Quarter Earnings Report (Barron’s)

OVERHEARD ON THE STREET

CNBC: Mortgage rates reached their highest level since January last week, but purchase applications climbed as well.

Reuters: The Federal Reserve’s May minutes showed rising recessionary risks, although the meeting was held before the US-China tariff pause.

CBS: Elon Musk criticized President Trump’s “big, beautiful” budget bill, arguing it will undermine DOGE spending cuts.

TheStreet: At a Bitcoin conference, Vice President Vance decried crypto regulation and said the White House will “champion” the technology.

WSJ: e.l.f. Beauty $ELF ( ▼ 1.23% ) will acquire Hailey Bieber’s beauty brand Rhode in a $1B deal.

Tomorrow's Trade Idea, Today

HIDDEN HEALTH GEM

UBS Sees Upside

UBS $UBS ( ▲ 0.03% ) took a strong stance on LifeStance Health $LFST ( ▼ 0.34% ).

The bank upgraded the online therapy stock to a Buy, arguing that it's undervalued relative to its performance. Its $8.50 price target represents a more than 40% upside from current prices.

UBS believes recent market pessimism surrounding the stock, rooted in conservative earnings guidance and incentive changes, is overshadowing the company’s fundamental strength and long-term growth potential.

Overblown Concerns

Analyst Kevin Caliendo argues that investor fears are overstated, particularly regarding policy shifts and internal compensation changes.

He emphasized confidence in LifeStance’s business model — citing consistent clinician growth above 10% annually — as well as its refreshed leadership. The firm named a new CEO in February and a new CTO earlier this week.

The company also has a solid cash position and manageable debt, and Caliendo believes it is well-equipped to fund future growth initiatives, including those not seen in its 2025 forecast.

Time to Buy

Despite an 18% drop in its share price YTD, Caliendo thinks buying the dip is the right move. He is confident that its long-term growth potential remains intact, fueled by strong demand in a large and underserved market.

Finally, UBS highlighted its favorable risk/reward ratio and positive secular trends. That, combined with its strong fundamentals, business, and management, could potentially provide a great buying opportunity.

The prognosis may remain guarded. But UBS believes LifeStance has the right treatment plan to make a healthy recovery.

Sponsored by Survey Junkie

BOOSTING BRANDS AND INCOME WITH A FEW CLICKS

Surveys can be an afterthought — whether it’s the questionnaire after a plane ride or the nudge to provide feedback when a meal at a restaurant is over. 

But that was before Survey Junkie came along with a model that boosts both brands and personal incomes. 

Now, with Survey Junkie’s more than $1.5 million in monthy payouts, surveys are becoming the main event. 

Owned by consumer insights platform DISQO — which delivers data and analytics to the market research industry — Survey Junkie has welcomed more than 20 million lifetime members. 

Each one has gotten paid to complete surveys or participate in a focus group. 

Beyond just the money, your opinion can change the products of tomorrow, today. 

Every day, hundreds of brands you know and love turn to DISQO for consumer insights. The information shared by the Survey Junkie community powers that research, bettering products — and making you money in the process. 

GET INVOLVED TODAY

ON OUR RADAR

AP: “Wrench attacks” on crypto whales are rising. Here’s what that means.

Observer: In its latest test flight, SpaceX’s Mars-colonizing Starship lost control on re-entry, but still showed signs of progress.

WSJ: Thousands of North Koreans are secretly working remotely in the US through an intricate “laptop farm" scheme.

Fortune: UnitedHealth $UNH ( ▼ 1.51% ) is facing a new lawsuit, which alleges it illegally used ex-workers’ funds to reduce its own 401(k) contributions.

CNBC: The hidden cost of the US’s controversial trade policies may be a decline in tourism — which could cost the nation more than $8B.

TUESDAY’S POLL RESULTS

Are you bullish or bearish on Tesla $TSLA ( ▼ 14.26% ) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

And, in response, you said:

• 🐂 Bullish — “I still believe this and all of Elon’s companies are the tech of the future. Electric cars, xAI, robots, self-driving cars/taxis, rockets, and Starlink. Who's not watching???”

• 🐻 Bearish — “Musk will never recapture his ‘fan boys’ again... and as for his robo-taxis and trucks... I'll believe it when I see it!”