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.

US stocks ended higher despite tariff uncertainty. An appeals court reinstated Trump's tariffs for now. Strong Nvidia results lent stocks support.

Nvidia stock ended Friday's session down 2.9%, which is about in line with where it closed prior to the earnings pop yesterday. There were good reasons for both days' moves. The advanced semiconductor chip and artificial intelligence (AI) software company exceeded expectations for fiscal Q1 sales with a record $44.