Why Nvidia's massive earnings report isn't driving the market higher on Thursday

Nvidia's big earnings reports aren't hitting the same way they used to. The chipmaker posted huge beats on fiscal 2027 first-quarter profit and revenue. On top of that, the company issued an $80 billion buyback, reported data center revenue growth of nearly 100% year on year and changed its reporting breakdown to better highlight the strength of its data center business. A slew of Wall Street research firms raised their price targets on Nvidia following the report. …