All right, Contessa, thanks. Welcome to Closing Bell. I'm Scott Waverner live for Post 9 here at the New York Stock Exchange.

This make-a-breakout begins with what else? NVIDIA earnings, they are on deck.

What Star analyst Dan Ives calls today the most important earnings report of the year for the markets by a lot.

He'll join us in just a bit to explain further.

Take a look at the stock.

We're a little more than an hour away from those numbers.

The outlook most important, of course.

Stocks been down all day, about 2%.

Elsewhere, a pretty defensive day as well for the majors,

and they've been read throughout the session.

We'll watch it over the final stretch, too.

Let's get right to it.

All that is at stake in overtime tonight for invidia itself and the markets at large.

Our panel at the ready, Stacy Raskin, senior analyst at Bernstein, Josh Brown, CEO of Riddholz Wealth Management. on we see contributors. All right, Josh, you get the first word because you're my guy on NVIDIA.

What do people need to know here?

I think the most interesting thing here is that despite the fact that this market cap has grown to the size that it has,

the volatility is still with us.

That's usually not the case.

Usually as companies become larger, we expect a maturation in their business and as a result

we're less jumpy about the stock price from day to day.

Invidia is just a different thing entirely.

It's its own self-contained casino in the stock and

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