Nvidia earnings could make or break the market

Here's how Nvidia's upcoming earnings report could impact markets.

Transcript

00:00It's not about delivery. They've delivered solid earnings, but price action hasn't followed.

00:05We have some major overhead resistance at this 150 level and in video.

00:10We've seen progress. It's sold off on DeepSeek News.

00:13So the threat of that coming and hurting their bottom line and disrupting all the MAG-7 stocks and technology in America was a big story.

00:23We never fully recovered it. And then we had the tariff sell-off.

00:27And all of a sudden, we're starting to come back.

00:29Well, the catalyst for that is big tech, reiterating their capital spending levels.

00:34Companies like CoreWeave coming out and saying, we are going to spend heavily.

00:39We can talk about a deal that had a tough time getting priced. Look where that stock is now.

00:43Yeah, and I'm kicking myself for not getting involved in that.

00:45When I was trading under $40, I was like, oh, this one really is overdone to the downside.

00:50But, you know, NVIDIA to me is a tell, but price action will be more of the tell.

00:55I expect them to beat. I expect everything to be rosy.

00:57We still have tariff and trade war concerns.

01:00That's not going to go away when they release earnings.

01:03But it will be a headwind.