By Pia Singh
Publication Date: 2025-11-17 19:39:00
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) Nvidia’s quarterly report this week is the biggest catalyst to watch in the current “bend but don’t break kind of market,” New York Stock Exchange insider Jay Woods tells traders. Nvidia — set to report after the bell on Wednesday — is expected to inform Wall Street on the strength of the artificial intelligence trade moving forward, particularly with the tech-heavy Nasdaq Composite on track to snap a seven-month win streak. The chipmaker’s results come at a time when investors are questioning sky-high valuations tied to major technology stocks and wondering how long the AI-powered bull market rally will last. Questions about the depreciation cycles of Nvidia’s GPUs are also getting louder. “We all know one thing and one thing is only on traders’ mind this week and that’s one earnings — it’s Nvidia,” said Woods, chief market strategist at Freedom Capital Markets. “It’s not hyperbole, it is the most important earnings of the year. Why? Because it’s almost 8% of the S & P 500. It’s in the Dow Jones Industrial average. It’s part of the Nasdaq-100, roughly 10% … so, Nvidia’s gonna move markets.” Nvidia also holds a huge weight in big technology-focused exchange traded funds, the VanEck Semiconductor ETF (SMH) and the Technology Select Sector SPDR ETF (XLK) he noted. Woods is watching to see if Nvidia can hold above…