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Hyunsoo Rim5/9/25

Pinterest soars as its AI push lifts revenue outlook

Pinterest jumped 13% in early trading on Friday after the company delivered a Q1 revenue beat and higher-than-expected guidance, as its AI tools fueled stronger ad spending.

Revenue rose 16% to $855 million, topping the $846 million estimate, while adjusted earnings per share came in at $0.23, slightly below the $0.26 forecast, per FactSet. The company now expects to bring in $960 million to $980 million in Q2 revenue, marginally above expectations.

For a stock that’s been under pressure for the last year, falling some 35%, what might have sparked investors’ excitement was the user growth. Monthly active users on the “visual discovery platform” — which lets users search and save ideas through images and videos, curating boards around their interests like recipes, home decor, or weddings — rose 10% to a record 570 million, also exceeding the 564.6 million estimate.

Lately, Pinterest has been doubling down on AI, its “core competency” according to CEO Bill Ready, helping users find items by generating the right words or serving personalized ads tailored to their interests. And that bet seems to be paying off, particularly in North America, where Pinterest raked in an average revenue of $6.54 per user in Q1. That’s more than 6x the $1 in Europe, where rules are stricter for using personal data for advertising purposes.

Despite the AI-fueled optimism, rising tariffs loom as a potential headwind. Following the end of the de minimis exemption last week, some Asia-based e-commerce retailers have already pulled back on US ad spending, CFO Julia Donnelly said in the earnings call. While Pinterest is “not immune to the macro environment,” she added that the company remains confident in its “multiple revenue initiatives.”

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Tasha Matsumoto

Tech-fueled rally drives stocks to new records ahead of Fed rate decision and big earnings

The AI trade is back on as traders await tomorrow’s rate-cut decision and megacap tech earnings on Wednesday and Thursday.

SATURDAY NIGHT LIVE -- Episode 1 -- Aired 09/28/1991 -- Pictured: (l-r) Chris Farley as Todd O'Connor, Robert Smigel as Carl Wollarski, Mike Myers as Pat Arnold during "Bill Swerski's Super Fans" skit

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Max Knoblauch1h

Lucid plans to build a privately owned autonomous car with Nvidia tech

Shares of Lucid vaulted briefly on Tuesday afternoon following the company’s announcement that it will team up with Nvidia to bring Level 4 autonomous driving to its future vehicles.

A still-unnamed midsized SUV by Lucid, planned for 2026, will feature lidar and radar provided by Nvidia’s ecosystem. Ultimately, the automaker said it aims to create the “first true eyes-off, hands-off, and mind-off (L4) consumer owned autonomous vehicle.” Level 4 autonomous vehicles, like Waymo’s robotaxis, operate without human intervention.

The Nvidia partnership will also bring new automated features to Lucid’s Gravity SUV, the luxury EV maker said. Its shares rose more than 6% before losing all those gains and dipping into the red.

Lucid and Nvidia’s announcements came along with a host of other new partnerships at the chip designer’s GTC in Washington DC.

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J. Edward Moreno1h

Lilly partners with Nvidia to build supercomputer for drug R&D

Eli Lilly is partnering with Nvidia to build "the most powerful supercomputer owned and operated by a pharmaceutical company" to help discover new medicines.

The drugmaker announced the deal on Tuesday, following a slew of deals Nvidia announced with other companies. Lilly did not specify the terms of the deal but did say it is using 1,000 Nvidia GPUs.

Lilly — the maker of the blockbuster diabetes and weight loss shots, Mounjaro and Zepbound — said the supercomputer "will help scientists identify, optimize and validate new molecules."

"With purpose-built AI models and AI, we can set a new scientific standard that accelerates innovation to deliver medicines to more patients, faster," Diogo Rau, Lilly's chief information and digital officer said in a statement.

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Matt Phillips2h

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Quantum computing stocks slump after Nvidia CEO Jensen Huang announces “AI supercomputers” in partnership with DOE

Quantum computing stocks Rigetti Computing, IonQ, D-Wave Quantum, and Quantum Computing initially popped when Nvidia CEO Jensen Huang unveiled a new architecture called NVQLink to connect quantum computers with GPU supercomputers to aid in error correction, calibration, control, and simulations.

“Working together, the right algorithms running on the GPUs, the right algorithms running on the QPUs, and the two computers working side-by-side. This is the future of quantum computing,” Huang said.

Two of these stocks, Rigetti Computing and IonQ, were listed as “partners contributing” to this new tech in a press release.

However, the stocks then all reversed course to tumble into the red when Huang said, “Today, we’re announcing that the Department of Energy is partnering with Nvidia to build seven new AI supercomputers to advance our nation’s science.”

There may be some conflation of “AI supercomputer” and “quantum computer” going on here. This is not necessarily a competing product, but rather two things that are supposed to work hand-in-hand!

“It’s surprising to see the misread here,” said David Williams, who covers quantum computing stocks as an analyst at Benchmark Co. “This should be a positive, the ability for QPUs and GPUs to work together.”

He also flagged how Huang’s remarks from earlier this year about the timeline for quantum computers to be “very useful” prompted a nosedive in pure-play stocks across the industry — comments that were later walked back as those stocks recovered.

As previously discussed, quantum computing stocks spent many a day in recent months going up (often on no news at all!), and now appear to have gone down based on a seemingly imperfect interpretation of what appears on the surface to be fairly good news. And it’s noteworthy in and of itself that there seems to be a bit of a vibe shift, with traders looking for excuses to sell after having spent a long time looking for any excuse to buy.

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