According to The Kobeissi Letter, ahead of Nvidia’s $NVDA earnings report today, the entire stock market is struggling for direction, with options pricing implying a potential +/- 7% move in Nvidia’s share price (source: @KobeissiLetter, May 28, 2025). This highlights the outsized influence of big tech on broader market sentiment. Traders should note that high volatility in $NVDA could trigger significant short-term moves across major indices and impact correlated assets, including leading cryptocurrencies, as institutional flows react to tech sector results.