It's officially Nvidia earnings day:

Even with a +35% gain this year, Nvidia's forward P/E has dropped from 31.0x to 29.5x.

The stock is literally getting “cheaper” as it rises.

Options markets are pricing in a post-earnings move of 7.5% for Nvidia's stock, $NVDA.

At a $4.4 trillion market cap, that implies a +/- $330 billion swing in market capitalization.

The base case anticipates one of the largest post-earnings market-cap moves for any stock in history.

Buckle up, folks.

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"College students prefer socialism to capitalism," per Axios Poll.

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BREAKING: The S&P 500 extends its gains to more than +1% on the day as technology stocks rebound sharply.

This leaves the S&P 500 up +115 points since the Fear & Greed Index dropped to 9 just 23 hours ago.

Once again, April 2025 levels of "Extreme Fear" are NOT what you see before a market crash.

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BREAKING: Alphabet stock ($GOOGL) surges more than 5% and reaches $300 per share for the first time ever after the company announces Gemini 3.

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BREAKING: President Trump shares three quotes from Nvidia ($NVDA) founder Jensen Huang:

1. “As I promised, production of Blackwell has started. AI - invented in America, made in America, built for America and the world.”

2. “After less than a year, we're now manufacturing the most advanced chips for AI here in the US. All of this started with President Trump wanting to re-industrialize the US. His tariffs were a pressing agent in making this possible.”

3. “We are manufacturing in America because of President Trump.”

Nvidia reports earnings in less than 6 hours.

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BREAKING: Elon Musk and Jensen Huang have announced that xAI and Saudi Arabia are collaborating on a 500-megawatt project involving Nvidia, $NVDA.

Jensen Huang states that Nvidia is partnering with Saudi Arabia to construct supercomputers.

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BREAKING: President Trump says $270 billion worth of agreements are being signed with “dozens of companies” today.

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BREAKING: The US Labor Department has announced that it is canceling the October jobs report.

For the first time since 2013, we will not receive a monthly jobs report.

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BREAKING: The odds of the Fed not cutting rates in December have surged to 68% on Polymarket following the US Labor Department's cancellation of the October jobs report.

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The Japanese Yen is collapsing:

It has now fallen to its weakest level against the US Dollar since January 15th.

This comes as Japanese government bond yields surge to record highs.

Stimulus will NOT fix your economic problems.

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BREAKING: Nvidia ($NVDA) stock climbs more than 6.5% after the company announced record quarterly revenue of $57 billion.

The surge adds approximately $290 billion to its market capitalization.

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BREAKING: Nvidia CEO Jensen Huang says Blackwell chip sales are “off the charts” and cloud GPUs are “sold out.”

The company is guiding for revenue of up to $66 billion next quarter.

Remarkably, this unusually strong rhetoric appeared directly in the earnings press release — not just on the call — with Huang stating sales are “off the charts,” GPUs are “sold out,” and “AI is going everywhere, doing everything, all at once.”

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BREAKING: Japan's Nikkei 225 index surges past 50,000, rising nearly 4%, as global technology stocks rebound.

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BREAKING: Larry Summers announces he is taking a leave of absence from teaching at Harvard as President Trump signs a bill directing the release of the Epstein files.

Larry Summers is also the former US Treasury Secretary.

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BREAKING: President Trump has “quietly” approved a 28-point peace plan between Russia and Ukraine, according to NBC.

The plan reportedly provides both sides with “security guarantees to secure a lasting peace.”

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BREAKING: President Trump says he has signed the bill to release the Epstein files.

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What an absolute collapse for Circle ($CRCL) 📉📉 . It’s now back to its IPO opening price of $69

Absolutely horrendous!!!

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This is quite intriguing:

Reports are now surfacing that President Trump "quietly" greenlit a 28-point peace plan between Russia and Ukraine "earlier this week."

Today, at 4:40 AM ET, oil prices peaked at $60.50/barrel.

By 8:10 AM ET, less than 4 hours later, oil prices had fallen nearly -4%, to $58.70/barrel, without ANY material headlines.

Did someone know?

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BREAKING: The Nasdaq 100 has extended its rally by more than +500 points, putting it on pace for its largest daily gain since May 27th.

The Magnificent 7 stocks have now added nearly +$500 BILLION in market cap today.

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BREAKING: The US Labor Department has officially released the September jobs report, 48 days late:

The US added +119,000 jobs in September, exceeding expectations of +53,000.

The unemployment rate increased to 4.4%, higher than the expected 4.3%.

Unemployment is now at its highest level since October 2021.

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BREAKING: The White House is pressing Congress to reject a proposal that would restrict Nvidia's ($NVDA) ability to sell AI chips to China.

This restriction would also extend to other major chipmakers, such as AMD.

The White House's position is being characterized as a significant "victory for Nvidia."

🛫@MarketMatrixAI