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Now time for some of today's trending tickers. We're checking in on shares of Nvidia, Coinbase, and Domino's Pizza. Let's start with that magnificent seven darling Nvidia. Shares falling today after The Wall Street Journal reported that Chinese Huawei is reportedly testing a new artificial intelligence chip to rival Nvidia's. Now, to be clear here, this is not a chip that's going to rival Blackwell, for example, the most advanced chips that Nvidia sells, that it can't sell in China anyway. It's more targeted at the H120, which is the most recent chip that the US has said that Nvidia is not able to sell there.

Yeah. Journal citing sources saying here, uh, that Huawei's approached some Chinese companies about testing. It sounds like the fizz feasibility of the new chip. Uh, paper says it's still early stages here, more tests will be required to assess performance, get it ready for customers. China accounted for about 13% of Nvidia's revenue in its fiscal year '25. That's per analyst. Stock is down about 20% this year. Of course, most of that, we were just talking for Tom about this, is, is a lot due to investors raising just questions about AI spending now and ahead, and how that would impact names like Nvidia.

Right. Yeah, that's definitely part of it. Shares of Coinbase, meanwhile, are getting hit today. That's on the back of a double downgrade from Compass Point, lowering the stock from buy to sell, citing concerns ahead of the company's upcoming first-quarter earnings results. That's on May 8th. Um, so Compass Point Research does do the double downgrade. They skip hold. They go to the sell, concerned about second-half performance as growth comes from lower-margin institutional segments, they said, and also noted, uh, decentralized exchanges could take market share among retail traders, they argue. Target 180.

Something else I found intriguing here is they said that Coinbase is losing its status as the only pure-play non-BTC crypto stock. They seem to have, the folks at Compass Point, a little bit more, uh, be in the Bitcoin maximalist camp, and so they actually like, um, strategy, AKA MicroStrategy, um, because they've a buy on that and they're recommending a sell on coin sort of a pair trade if you will on the two of these. They say we believe this trade replicates the Bitcoin dominance trade. So, interesting flavor there as well.

Mhm. Coin shares, they say have reacted negatively to its three most recent earnings results. Told clients we expect this streak to continue after disappointing Q1 results and second quarter commentary.

Yes, so we'll see what they say on May 8th. And lastly, we've got Domino's Pizza in focus today. That company reported mixed results in its first quarter with revenue narrowly missing while profit topped expectations. The pizza giant reaffirming full-year guidance emphasizing global expansion to navigate the ongoing US consumer caution. The shares up right now. They've been kind of bouncing around in a narrow range here today, because, you know, they're kind of playing a wait-and-see, it looks like.

Yeah. Bloomberg analyst chiming in too here. They said 2025 US same-store sales guidance of 3% may be achievable. They talk about DoorDash partnership, stuffed crust pizza, and greater loyalty member sales will be partly offset, they talk about, by soft low-income consumer spending. Mhm.

Um, international same-store sales, by the way, were stronger in the quarter than they were, um, in the US. They beat analysts estimates. But we saw in the US same-store sales were down by a half a percent. I saw that. Yeah.

To the extent that you were getting nervous about the economy and your pocketbook, so I would think people would be like, okay, maybe I'll skip the steak and I'll head to a Domino's. Or maybe they're cooking at home now. Oh, you just threw it all at home. Yeah.