Nvidia Earnings Beat and Buyback Fail to Lift Shares as Futures Slip

Wall Street futures slipped early Thursday after Nvidia delivered a strong Q1 beat, raised its revenue outlook, and announced an $80 billion buyback. Shares fell about 1.3% in after-hours trading as investors questioned whether the results justified lofty valuations. The report capped a week-long buildup during which futures and chip stocks rebounded amid easing yields, with consensus estimates centering on roughly $79 billion revenue and a 5.5–6.5% implied post-print move. Persistent macro pressures, including 10-year Treasury yields near multi-year highs and Brent crude above $100, framed the cautious pre-earnings tone.