U.S. stocks hovered around both sides of the flatline on Thursday as traders assessed quarterly earnings from artificial intelligence-darling Nvidia (NASDAQ:NVDA) and fresh tariff remarks from President Donald Trump

By 10:04 ET (15:04 GMT), the Dow Jones Industrial Average had added 81 points or 0.2%, the benchmark S&P 500 had erased earlier gains to trade down by 24 points or 0.4%, and the tech-heavy Nasdaq Composite had shed 201 points or 1.0%.

Stocks in Asia provided a broadly weaker handover, with tech shares in particular receiving limited direction from Nvidia's results. In Europe, the regional STOXX 600 dipped after Trump threatened to impose steep tariffs on the European Union.

Meanwhile, the U.S. dollar strengthened and Treasury yields -- which typically move inversely to prices -- edged up as markets gauged the latest developments around Trump's tariff plans and the outlook for the wider economy. Bitcoin also fell.

Nvidia's good-not-great earnings

Shares in Nvidia edged lower on Thursday after a choppy premarket session, as a higher-than-anticipated current-quarter sales projection was counterbalanced by a narrowing in profit margins.

A figurehead of the AI boom and market bellwether, Nvidia said it now expects to post revenue of roughly $43 billion in the first quarter, compared with analyst expectations of around $42 billion. Fourth-quarter revenue rose by 78% versus a year ago to $39.3 billion and net income increased by 80% to $22 billion, both topping estimates, thanks largely to solid sales of its new Blackwell AI chips.

But the semiconductor giant noted that its income margins had dropped due in part to an uptick in costs around its new data center gear and larger pay packages for its growing workforce.

Source: Investing.com