Nvidia Beats Earnings 120% YoY. Wall Street: Sell the Rip.

In a move that perfectly captures the art of missing the forest for the trees, traders and analysts promptly sold Nvidia after the chipmaker reported Q1 earnings that would make most companies pop champagne. The company posted 120% EPS growth year-over-year, beat revenue expectations, and raised forward guidance—the holy trinity of good earnings. Result? Stock down 0.5% at open, then red across the week. The commentary? "Nvidia is overvalued," "saturation concerns," "there's only so much AI left to invest in." Classic case of analysts who haven't noticed that Nvidia basically powers the entire AI boom everyone's getting paid to write about. If the quarter was actually terrible, you'd get these exact same predictions. The real tell: 84% of S&P 500 companies beat estimates in May with an average 12.3% beat magnitude. Nvidia's beat wasn't just good—it was NVIDIA-level good. And yet. Down. Absolutely galaxy-brain stuff.