Nasdaq Declines as Nvidia Announces $80B Buyback
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2026
0mins
The major averages were broadly lower near noon, as investors continue to grapple with rising Treasury yields, sticky inflation concerns, another bump in oil prices, and renewed geopolitical tension.Technology shares were mixed following earnings from Nvidia, which topped expectations and included an $80B buyback authorization. Meanwhile, AI-linked and quantum computing names surged after the U.S. government announced major funding initiatives benefiting companies tied to advanced computing infrastructure.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiareported, provided an upbeat revenue guide for Q2, approved an additional $80B in share repurchases, and increased its quarterly dividend to 25c per share from 1cElon Musk's SpaceX hason NasdaqWalmartreportedand reaffirmed its FY27 outlookIBMand the U.S. Department of Commerce announced a letter of intent to build anIntuitprovided areport for Q32. WALL STREET CALLS:Etsyto Buy at Argus amid improving metricsJPMorganAmerenon data center growth, Missouri backdropZoomInfoto Hold at JefferiesKyndrylat Susquehanna amid "challenging signs"Craig-Hallum bullish on MapLight Therapeutics,with a Buy3. AROUND THE WEB:The Bear Cave issued a cautious note on Ethos Technologies (LIFE)Match Group'sTinder is betting Gen Z daters would prefer to be offline, introducing in-person events two months ago to steer users toward actual dates, Bloomberg saysManus's cofounders, Xiao Hong, Ji Yichao and Zhang Tao, are exploring ways to fulfill Beijing's demand to unwind a takeover by Meta Platforms, Bloomberg reportsAlibabaadded a new processor to its AI technology stack, unveiling its Zhenwu M890 AI accelerator, Bloomberg saysAirbushas warned some customers of additional A350 delivery delays later this decade due to supply chain issues affecting fuselage parts from its recently acquired North Carolina plant and disruptions in Spain affecting cargo door production for the A350 Freighter, Reuters reports4. MOVERS:D-Wave Quantumgains after signing a Letter of Intent forunder the U.S. CHIPS and Science ActApplied Digitalincreases after entering awith the same U.S. based hyperscaler that previously signed at Delta Forge 1Nebiushigher in New York after entering anto power the company's AI infrastructure build-outOsisko Developmentlower in New York after announcing aDeereand Borr Drillingfall in New York after5. EARNINGS/GUIDANCE:Williams-Sonoma, with CEO Laura Alber commenting on the "strong start in 2026"Ralph Laurenand provided guidance for FY27Advanced Drainage, with EPS and revenue beating consensusAdvance Auto Partsand reaffirmed its guidance for FY26Shoe Carnival, with EPS in-line with consensusINDEXES:Near midday, the Dow was down 0.21%, or 107.38, to 49,901.97, the Nasdaq was down 0.34%, or 89.08, to 26,181.28, and the S&P 500 was down 0.28%, or 21.01, to 7,411.96.
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Analyst Views on ETSY
Wall Street analysts forecast ETSY stock price to fall
26 Analyst Rating
6 Buy
18 Hold
2 Sell
Hold
Current: 75.060
Low
52.00
Averages
67.71
High
80.00
Current: 75.060
Low
52.00
Averages
67.71
High
80.00
About ETSY
Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers around the world. The Company's primary marketplace, Etsy.com, is the global destination for goods made by independent sellers. In addition to its core Etsy marketplace, its House of Brand consists of Depop Limited (Depop), which is its fashion resale marketplace. Each marketplace primarily operates independently, while benefiting from shared expertise in product development, marketing, technology, and customer support. The Company's top six retail categories on the Etsy marketplace include homewares and home furnishings, jewelry and personal accessories, apparel, craft supplies, paper and party supplies, and toys and games.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Walmart's Google Partnership Drives E-commerce Surge
- Significant E-commerce Growth: Walmart's Q1 revenue reached $175.68 billion, reflecting a 6.1% year-over-year increase, with global e-commerce growing by 26%, now representing 23% of net sales, indicating a strong performance and market share expansion in the e-commerce sector.
- Surge in Marketplace Sales: Walmart's marketplace sales nearly increased by 50%, while Walmart Connect advertising revenue grew by 44%, which not only enhances the company's advertising revenue stream but also demonstrates its competitiveness in digital marketing.
- Efficiency Driven by Technological Innovation: Walmart's adoption of innovative technologies and automation has led to a 45% increase in store-fulfilled delivery, with expedited orders under three hours accounting for 36% of store-fulfilled volume, showcasing its efforts to enhance customer experience and operational efficiency.
- Buyback Plan Supports Investor Confidence: Walmart announced a $30 billion stock repurchase authorization, further bolstering investor confidence in the company's future growth potential while providing financial flexibility in a competitive retail market.
See More
Investment Comparison: Etsy vs. MercadoLibre
- Etsy User Growth: In FY 2025, Etsy connected 86.5 million active buyers, but revenue grew only 2.7% to $2.9 billion, with net income at $163 million, indicating pressure on profitability amid cautious consumer spending.
- MercadoLibre Strong Performance: MercadoLibre achieved approximately $28.9 billion in revenue for FY 2025, a 39.1% increase, with net income around $2.0 billion and a net margin of 6.9%, showcasing the continued scaling of its advertising and fintech arms despite heavy investment pressures.
- Competition and Risks: Etsy faces intense competition from various retail platforms and risks from reliance on third-party infrastructure, while MercadoLibre is sensitive to currency depreciation and political instability in Latin America, needing to navigate rapidly changing financial regulations.
- Valuation Comparison: MercadoLibre's forward P/E ratio stands at 43x, significantly higher than Etsy's 21.9x, reflecting its greater revenue growth potential and expanding ecosystem, even as its stock has declined by 35% over the past year.
See More
Etsy Focuses on Core Marketplace as MercadoLibre Dominates Latin America
- Etsy's Strategic Shift: Etsy is divesting secondary platforms like Depop to focus on its core marketplace, with FY 2025 revenue nearing $2.9 billion and a modest growth rate of 2.7%, highlighting challenges in a cautious consumer spending environment.
- MercadoLibre's Strong Growth: MercadoLibre reported FY 2025 revenue of approximately $28.9 billion, a 39.1% increase year-over-year, with net income around $2.0 billion and a net margin of 6.9%, indicating robust expansion in the Latin American e-commerce and fintech sectors.
- Intensifying Competitive Pressure: Etsy faces fierce competition from various retail platforms, particularly as consumer spending slows, and its reliance on third-party infrastructure poses risks of service interruptions.
- Market Outlook Comparison: While Etsy's stock has surged over 50% in the past year, its long-term growth catalysts remain unclear, whereas MercadoLibre has significant room for penetration in the Latin American market, illustrating the differing investment paths between the two companies.
See More
Market Competition Analysis: Amazon vs. Etsy
- Market Share Comparison: In 2026, Amazon commands 40% of the U.S. online shopping market share with nearly 2.1 billion visits in April, showcasing its unmatched scale advantage in e-commerce, despite a 1.24% stock decline this year.
- Etsy's Growth Potential: While Etsy's stock rose 0.04% in 2026, its gross merchandise sales are projected to only slightly increase after four years of decline, reflecting vulnerability under macroeconomic pressures, particularly with a 3.2% year-over-year drop in repeat buyers.
- Profitability Improvement: Etsy's net margin improved from 12.2% in Q1 2025 to 16.6% in the latest quarter, indicating enhanced profitability, as management focuses on leveraging AI to streamline the listing process and improve buyer search experiences.
- Investment Risk Assessment: Although Amazon's forward P/E ratio is 144% higher than Etsy's, its proven ability to grow steadily across economic conditions and competitive advantages make it a safer investment choice, while Etsy may appeal to investors willing to take on higher risks.
See More
Etsy vs. Amazon: Market Competition Insights
- Etsy's Market Performance: Etsy is projected to see low single-digit growth in gross merchandise sales in 2026, ending four consecutive years of declines, indicating an improvement in the company's fundamentals, although its stock remains 77% below its peak.
- Amazon's Market Dominance: Amazon's online store revenue reached $64 billion in Q1 2026, capturing 40% of the U.S. online shopping market, showcasing its unmatched scale and customer value proposition.
- Consumer Behavior Changes: The number of repeat buyers on Etsy declined by 3.2% year-over-year, reflecting a decrease in consumer willingness to purchase discretionary items in a high-inflation environment, impacting its market activity.
- Investment Risk Assessment: While Amazon's forward price-to-earnings ratio is 144% higher than Etsy's, its ability to grow steadily across economic environments makes it a safer investment choice, whereas Etsy needs favorable macroeconomic conditions to perform better.
See More
Vinted Sees Significant Growth in Resale Market
- Market Growth Trend: Vinted's sales of secondhand items grew nearly 50% last year, indicating a shift in consumer behavior towards resale amid rising global living costs, thereby expanding the company's market share.
- IPO Potential Emerges: Vinted completed a secondary share transaction of €880 million in late April, valuing the company at over $9 billion; while executives did not disclose an IPO timeline, its strong financial health indicates flexibility in capital operations without immediate pressure to list.
- Significant User Savings: According to the 2025 Impact Report, Vinted users saved €21.6 billion on fashion, paying an average of 72% less than retail prices, which not only enhances user loyalty but also lays a solid foundation for future expansion.
- Market Expansion Plans: Vinted aims to replicate its successful model in the U.S. market and other categories, facing challenges like high shipping costs, but is building its competitive edge through infrastructure developments like Vinted Go and Vinted Pay.
See More
Walmart's Google Partnership Drives E-commerce Surge
- Significant E-commerce Growth: Walmart's Q1 revenue reached $175.68 billion, reflecting a 6.1% year-over-year increase, with global e-commerce growing by 26%, now representing 23% of net sales, indicating a strong performance and market share expansion in the e-commerce sector.
- Surge in Marketplace Sales: Walmart's marketplace sales nearly increased by 50%, while Walmart Connect advertising revenue grew by 44%, which not only enhances the company's advertising revenue stream but also demonstrates its competitiveness in digital marketing.
- Efficiency Driven by Technological Innovation: Walmart's adoption of innovative technologies and automation has led to a 45% increase in store-fulfilled delivery, with expedited orders under three hours accounting for 36% of store-fulfilled volume, showcasing its efforts to enhance customer experience and operational efficiency.
- Buyback Plan Supports Investor Confidence: Walmart announced a $30 billion stock repurchase authorization, further bolstering investor confidence in the company's future growth potential while providing financial flexibility in a competitive retail market.
See More
Investment Comparison: Etsy vs. MercadoLibre
- Etsy User Growth: In FY 2025, Etsy connected 86.5 million active buyers, but revenue grew only 2.7% to $2.9 billion, with net income at $163 million, indicating pressure on profitability amid cautious consumer spending.
- MercadoLibre Strong Performance: MercadoLibre achieved approximately $28.9 billion in revenue for FY 2025, a 39.1% increase, with net income around $2.0 billion and a net margin of 6.9%, showcasing the continued scaling of its advertising and fintech arms despite heavy investment pressures.
- Competition and Risks: Etsy faces intense competition from various retail platforms and risks from reliance on third-party infrastructure, while MercadoLibre is sensitive to currency depreciation and political instability in Latin America, needing to navigate rapidly changing financial regulations.
- Valuation Comparison: MercadoLibre's forward P/E ratio stands at 43x, significantly higher than Etsy's 21.9x, reflecting its greater revenue growth potential and expanding ecosystem, even as its stock has declined by 35% over the past year.
See More
Etsy Focuses on Core Marketplace as MercadoLibre Dominates Latin America
- Etsy's Strategic Shift: Etsy is divesting secondary platforms like Depop to focus on its core marketplace, with FY 2025 revenue nearing $2.9 billion and a modest growth rate of 2.7%, highlighting challenges in a cautious consumer spending environment.
- MercadoLibre's Strong Growth: MercadoLibre reported FY 2025 revenue of approximately $28.9 billion, a 39.1% increase year-over-year, with net income around $2.0 billion and a net margin of 6.9%, indicating robust expansion in the Latin American e-commerce and fintech sectors.
- Intensifying Competitive Pressure: Etsy faces fierce competition from various retail platforms, particularly as consumer spending slows, and its reliance on third-party infrastructure poses risks of service interruptions.
- Market Outlook Comparison: While Etsy's stock has surged over 50% in the past year, its long-term growth catalysts remain unclear, whereas MercadoLibre has significant room for penetration in the Latin American market, illustrating the differing investment paths between the two companies.
See More
Market Competition Analysis: Amazon vs. Etsy
- Market Share Comparison: In 2026, Amazon commands 40% of the U.S. online shopping market share with nearly 2.1 billion visits in April, showcasing its unmatched scale advantage in e-commerce, despite a 1.24% stock decline this year.
- Etsy's Growth Potential: While Etsy's stock rose 0.04% in 2026, its gross merchandise sales are projected to only slightly increase after four years of decline, reflecting vulnerability under macroeconomic pressures, particularly with a 3.2% year-over-year drop in repeat buyers.
- Profitability Improvement: Etsy's net margin improved from 12.2% in Q1 2025 to 16.6% in the latest quarter, indicating enhanced profitability, as management focuses on leveraging AI to streamline the listing process and improve buyer search experiences.
- Investment Risk Assessment: Although Amazon's forward P/E ratio is 144% higher than Etsy's, its proven ability to grow steadily across economic conditions and competitive advantages make it a safer investment choice, while Etsy may appeal to investors willing to take on higher risks.
See More
Etsy vs. Amazon: Market Competition Insights
- Etsy's Market Performance: Etsy is projected to see low single-digit growth in gross merchandise sales in 2026, ending four consecutive years of declines, indicating an improvement in the company's fundamentals, although its stock remains 77% below its peak.
- Amazon's Market Dominance: Amazon's online store revenue reached $64 billion in Q1 2026, capturing 40% of the U.S. online shopping market, showcasing its unmatched scale and customer value proposition.
- Consumer Behavior Changes: The number of repeat buyers on Etsy declined by 3.2% year-over-year, reflecting a decrease in consumer willingness to purchase discretionary items in a high-inflation environment, impacting its market activity.
- Investment Risk Assessment: While Amazon's forward price-to-earnings ratio is 144% higher than Etsy's, its ability to grow steadily across economic environments makes it a safer investment choice, whereas Etsy needs favorable macroeconomic conditions to perform better.
See More
Vinted Sees Significant Growth in Resale Market
- Market Growth Trend: Vinted's sales of secondhand items grew nearly 50% last year, indicating a shift in consumer behavior towards resale amid rising global living costs, thereby expanding the company's market share.
- IPO Potential Emerges: Vinted completed a secondary share transaction of €880 million in late April, valuing the company at over $9 billion; while executives did not disclose an IPO timeline, its strong financial health indicates flexibility in capital operations without immediate pressure to list.
- Significant User Savings: According to the 2025 Impact Report, Vinted users saved €21.6 billion on fashion, paying an average of 72% less than retail prices, which not only enhances user loyalty but also lays a solid foundation for future expansion.
- Market Expansion Plans: Vinted aims to replicate its successful model in the U.S. market and other categories, facing challenges like high shipping costs, but is building its competitive edge through infrastructure developments like Vinted Go and Vinted Pay.
See More
