Nvidia earnings are due on August 26 and the stock fell 2.91% to $208.48 on Monday, marking its seventh consecutive down session. While prediction markets assign 97% probability of an earnings beat with 14 consecutive beats, the Chaikin Money Flow indicator is negative for all ten major chip stocks, signaling institutional outflows. Options price a 7% post-earnings swing, well above the 2.8% average of the past four quarters, and the put-call ratio climbed from 0.52 to 0.65. Nvidia declined after each of its last four earnings beats, with drops between 0.79% and 5.46%. The key level to watch stands at $201.59, the 0.618 Fibonacci retracement, just 3% below Monday’s close.
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