On Thursday morning Beijing time, Nvidia's earnings report, considered the world's most important, will be released. While Wall Street widely expects Nvidia to achieve strong growth again in the fourth quarter of fiscal year 2025 and issue optimistic guidance, whether this earnings report can turn the tide amidst the recent storm of a collective plunge in US software stocks triggered by "AI ghost stories" remains to be seen. Option pricing indicates that traders expect Nvidia's stock price to fluctuate by as much as 6% this week. Historically, Nvidia's earnings reports have often brought short-term "sell the fact" selling pressure to the stock price: in the past four quarters, although Nvidia's performance exceeded expectations in three quarters, the stock price always fell the day after the earnings release. Currently, Nvidia remains the world's most valuable company, with a market capitalization well over $4 trillion, and its stock accounts for approximately 8% of the S&P 500 index. Therefore, such volatility could have a wide-ranging impact on the entire market.