However, in a twist that might surprise you, Jensen Huang, the CEO of NVIDIA, has publicly thrown his support behind the tariffs imposed by President Donald Trump. And he didn’t just quietly agree; he went so far as to describe them as “utterly visionary.

Nvidia remains the bellwether for the artificial intelligence trade, but its latest quarterly results reflect both the company’s continued dominance and the mounting headwinds it faces from export restrictions and margin pressures.

Earlier, the White House threatened to take the case to the Supreme Court on Friday if its appeal was not granted.

Stocks closed modestly higher, pulled up by Nvidia’s earnings, while bond yields fell. Investors are losing some of their jumpiness over tariff uncertainty. A rally that started early in the day sparked by a court decision invalidating most of the Trump administration’s tariffs ran out of steam late in the day,

President Donald Trump's global tariff assault may be slowed but won't be stopped by court rulings that may ultimately force a shift to other legal authorities for his campaign to pressure countries into trade concessions,