S&P 500 Holds Steady as All Eyes Turn to Nvidia’s Earnings Report

Markets hold their breath while waiting for the tech bellwether's numbers.

The Earnings Spotlight

Nvidia's quarterly results could dictate market momentum for weeks to come—every trader knows it. The chipmaker's performance isn't just a earnings report; it's a sentiment indicator for the entire AI and high-performance computing sector.

Wall Street's Nervous Pause

No major moves, no big swings—just the quiet tension of institutional portfolios waiting for a signal. It's almost poetic how a single company's balance sheet can leave trillion-dollar markets frozen in anticipation.

Because nothing says 'healthy market' like holding your breath every three months hoping one stock doesn't sneeze.

Stocks unchanged ahead of Nvidia earnings

A bullish reaction to the company’s results, as anticipated, could see the broader tech sector rally.

The benchmark index and tech-heavy Nasdaq stormed to record highs in the second quarter before extending the upside amid a tech stock rally. The Dow also recently climbed to an all-time peak, driven by Fed chair Jerome Powell’s speech at Jackson Hole, before paring gains amid fresh market uncertainty as the interest-rate-hyped uptick faded.

NVDA shares traded higher premarket and are seeing some notable action ahead of the chip giant’s report. This outlook is helping AI-related stocks and cryptocurrencies higher and overall risk-asset markets too.

However, investors are aware of the potential for a hit on Nvidia’s bottom line as forecast in the last quarterly outlook, with Trump’s caps on chip sales to China on the agenda. Experts nonetheless say demand for the AI chips is there.

“The demand environment remains very strong. The question is, how fast is the supply chain able to accommodate the product?” says Gabelli Funds’ John Belton ahead of $NVDA earnings.https://t.co/UzcRBXPkjm

Stock markets are also constrained following Trump’s “firing” of Cook, a move the Fed governor has challenged and one that saw short-term U.S. Treasury yields slip. The 2-year Treasury yield dropped to lows seen in May on Tuesday and hovered around 3.65%. But long-term bonds jumped, with the 30-year yield rising to 4.95%.

Elsewhere, Bitcoin (BTC) traded around $111,367, having bounced off lows of $109,200.