After NVDA

the big earnings event of the month is over!

The biggest earnings event of the month (and one of the biggest of the quarter) just happened. Nvidia released their earnings, and judging from the nice pop after-hours, it is being well-received.

You already know the word that's coming, right? Yes: context. Now, I'm typing these words before the benefit of the conference call, so NVDA might well zip even higher, but as things stand now, the stock remains very far away from lifetime highs and is achieving little more than sealing a price gap (arrow) from months ago. In other words, yeah, the stock is up, but it's not even closed to an outsized positive event.