Nvidia earnings are just hours away — and the stock market is bracing for a pivotal event

The stock fell less than 1% in the session following Nvidia’s last earnings report, and rose about 3% in the session following the prior report. Those are relatively muted moves compared to the 14% and 24% bumps that Nvidia’s stock saw following its first two reports of 2023. Back then, Nvidia was dramatically resetting expectations higher.