Traders are on edge for Nvidia earnings: ‘We will … be able to hear a pin drop on Street trading desks’ tonight, one analyst says

S&P 500 futures were up 0.14% this morning after the index closed up 0.77% yesterday, a sign that traders feel that Monday’s 1% decline on fears that AI will trigger an economic doom cycle was overcooked.

Instead, the stock markets are looking forward to Nvidia’s Q4 2025 earnings call this evening. Nvidia has the largest market cap in the world ($4.7 trillion), it makes the high-end chips that the AI revolution depends upon, it earns more revenue from AI-related clients than any other company...