“All eyes are on Nvidia,” said Katie Stockton, founder of Fairlead Strategies, a research firm that provides technical analysis of markets, in a note Monday. The levels to watch for Nvidia’s stock are its 50-day moving average of around $167 and “minor resistance near $184,” she said.

Today, the blue-chip Dow Jones Industrial Average closed down 0.8% at 45,282, the broad-based S&P 500 was off 0.4% to 6,439, and the tech-heavy Nasdaq Composite lost 0.2% at 21,445.

AI bellwether Nvidia is slated to report quarterly results after markets close on Wednesday, and traders are prepared for the stock's biggest post-earnings move in more than a year.