NVIDIA reports earnings tonight with a webcast at 5 PM. They had a blowout quarter and guide last quarter. We expect a good quarter and a higher guide but there are some special catalysts that can help this stock break out to new highs with conviction.

Here's Almost All That Matters… Gaming

Crypto-NVIDIA-bears thought that Gaming's Q4 strength was driven by crypto miners and that Q1 will be weak.They thought the same thing on AMD and were clearly wrong as we expected.

Here's the ‘all-that-matters' line-item, Gaming…

Calendar 2015 2016 2017 2017 2018 Fiscal 2016 2017 2018 2018 2019   Q1 Q1 Q1 Q4 A Q1 E   Apr Apr Apr Jan Apr Gaming 587 687 1027 1739 1597 QTQ -9.1% -15.2% -23.8% 11.4% -8.2%

We show you the last few years of sequential growth (Sequential means the April quarter compared to January, not last year's April.).If crypto drove Q4 and if crypto slowed in Q1, we'll see it show up here in Gaming revenues.

You see that the last few years' April quarter was lower than the January quarter by anywhere from 9% to 24%.If the April quarter can be in the better part of that range, the crypto-NVIDIA-bears have no story. Sorry bears.

That's what to watch and almost all that matters (for NVIDIA anyway).

Here's The Boring Also-Ran Of What Matters Tonight, Datacenter

We like Elon Musk so we stole his “boring.” But anybody remembers this Datacenter business? All the talk's been about how crypto prices are down and now miners are not buying GPUs.

First, we obviously think that may be off.

In the cloud of noise did everybody forget this huge Datacenter story?

Here's Datacenter's sequential numbers in the April quarter…