According to official data, NVIDIA Corporation will report its Q3 FY26 earnings after the U.S. market close on November 19.

Why NVIDIA’s Earnings Could Become a Turning Point for the Stock Market (and Crypto)

1. NVIDIA has been the main engine of market growth for the past two years

Up to 40% of NASDAQ and S&P 500 gains came from NVDA alone. If NVIDIA slows down, the entire market could shift downward.

2. Expectations are extremely high

Analysts are pricing in near-perfect numbers.
That means even a “strong but not spectacular” report might disappoint investors and trigger a negative reaction.

3. AI is the market’s dominant narrative

The market rally of the last two years is built on the belief that AI is a revolution — and NVIDIA is at its center.
Any signs of weakness threaten that foundation.

4. Large funds are heavily concentrated in AI

Institutional capital is deeply allocated into NVDA, MSFT, and other AI giants.
If NVIDIA drops, funds may be forced to take profits and rebalance, creating a domino effect.

5. NVIDIA is part of the “Magnificent 7”

These seven companies make up an outsized share of the S&P 500.
A decline in NVDA could hit all major indices hard.

6. The market is overbought and waiting for a trigger

Indices are near their highs.
In such conditions, even a minor shock can cause a sharp correction.

7. Historical pattern

Major market reversals often begin with earnings misses from leading companies.
Today, capital concentration in NVIDIA is higher than ever — making this report a potential “point of no return.”

8. Large players have started selling NVIDIA

Some institutional investors have already begun taking profits:
SoftBank has unloaded multi-billion positions, and several hedge funds have trimmed their exposure.
If this trend continues, it could pressure NVDA and the entire chip/AI sector.