Nvidia earnings just dropped seconds before I hit record.
The initial knee-jerk was sell side. Stock down between $5 and $6 right out of the gate.
Here’s what nobody else is telling you. The expected move on Nvidia tonight sits just north of $13.
That $5 drop barely scratches the surface of what’s priced in.
Watch tonight’s video for the full breakdown:
- Order flow on the print is shockingly thin. No glut of sell side activity hitting the tape despite the initial dip.
- The conference call is the real catalyst. Jensen has a history of putting on the leather jacket and turning sentiment on a dime.
- Futures contracts are barely budging. The S&P 500 and Nasdaq are pricing in a much bigger move than what we’re seeing in the stock.
- This setup tells me a bid could come back into Nvidia by the time the call wraps. The market is waiting on guidance, not the headline number.
This is the kind of two-sided print where retail gets caught chasing the first move.
Don’t be that trader.
