A shaky reaction now, a bullish spin later—this script has been written before.
NVDA's price action today reveals that those who purport to control the markets are gutless, clueless parasites who don't make bets until the results are in. Even then, they are not making actual bets that are at risk, since they can take them off the table, raise or lower them in nanoseconds.
No matter what the earnings news is, the stock is certain to trade higher -- if not today, than eventually. A bullish spike looks like it would top at 201.28, creating a $400 billion dollop of 'wealth effect'. If earnings are criminally spun as 'disappointing', the shakedown artists are probably bidding around 151.23 to steal as many shares as they can. An initial spike to 193.16 would hint that DaScumballs are going to whipsaw the stock both ways. That would also raise the floor to 159.35.
UPDATE (4:49 p.m. EDT): The sensationally overhyped announcement has barely caused a ripple compared to price histrionics that typically follow earnings announcements from the lunatic sector. None of the swings has gotten close to the targets noted above. Rest assured, however, that although NVDA is currently down by a few bucks, the news will be treated as quite bullish just as soon as DaBoys have completed this relatively feeble shakedown.