Why Nvidia’s Report Is Such a Big Event for the Stock Market

Wall Street is waiting in the wings for Nvidia’s earnings report.

The Dow was up 130 points, or 0.3%, while the S&P 500 was up 0.2%. The Nasdaq Composite was up 0.1%.

Nvidia, which is set to report quarterly results after the market’s close, was hovering right around breakeven. Though Wall Street tends to overhype earnings reports, Nvidia may be one of the few that lives up to its billing.