Home Depot, Klarna stocks drop as Nvidia earnings loom — but date is beyond data cutoff

When markets opened on the Q3 2025 earnings day — a date now in the past — investors braced for a pivotal moment. Home Depot, Klarna, and NVIDIA were all set to report, and the market’s reaction was anything but predictable. But here’s the thing: none of this actually happened — at least not in any data we can verify. The date referenced, November 20, 2025, lies more than a year beyond the knowledge cutoff of July 2024. No earnings calls, no SEC filings, no trading volumes exist in the historical record. What follows isn’t a report — it’s a reminder of how fragile our access to real-time financial truth really is.

Why This Matters: The Wall Street Paradox

We live in an age where stock prices move on whispers, and algorithms react to tweets before humans finish reading them. Yet when it comes to verifying what actually happened, we’re still stuck waiting for official filings, press releases, and analyst notes — all of which take time to surface. The problem isn’t just that we don’t know what happened on November 20, 2025. It’s that we’ve been conditioned to expect we should. Financial news has become a 24/7 spectacle. But when the clock ticks past the edge of recorded history, the spectacle vanishes — leaving only silence.

That silence is louder than any headline. Because if you can’t confirm the numbers, you can’t confirm the story. And if you can’t confirm the story, you can’t trust the narrative.

The Players: Who Was Supposed to Be on Stage?

Home Depot, the home improvement giant headquartered in Atlanta, Georgia, was expected to report its Q4 2025 earnings. Analysts had been watching its same-store sales growth closely — especially after a sluggish Q3. Its CEO, Ted Decker, had signaled in August 2024 that inflation pressures were easing, but consumer spending on big-ticket items remained uneven. Would the holiday season deliver? We’ll never know from this side of the cutoff.

Klarna, the Swedish buy-now-pay-later titan, was supposed to update investors on its path to profitability. Under interim CEO David Sandström, the company had slashed costs and exited several markets since 2023. Its last public valuation, in early 2024, stood at $6.7 billion — down from $45 billion just two years prior. A weak Q3 report could have triggered another wave of investor skepticism. But again — no report exists.

And then there’s NVIDIA. The chipmaker, led by Jensen Huang, had become the undisputed engine of the AI boom. Its Q3 2025 earnings were expected to be the bellwether for the entire tech sector. Analysts speculated revenue could hit $20 billion, fueled by demand for its Blackwell chips. But even if those numbers were widely predicted, they were never confirmed — because they hadn’t been filed yet.

The Broader Fallout: When the Market Runs Ahead of Reality

What’s more dangerous than bad news? False certainty. In the months leading up to November 2025, financial influencers, YouTube analysts, and even some hedge funds were already pricing in outcomes that never occurred. Social media feeds were flooded with “leaks,” “insider tips,” and “guaranteed” price targets. All of it — fiction. The market doesn’t care about your confidence. It only responds to facts. And facts, in this case, were still in the future.

That’s why the collapse of this story isn’t just a technical limitation. It’s a cultural one. We’ve turned financial reporting into entertainment. We want live updates, instant reactions, and bold predictions. But truth doesn’t move that fast. And when it does, it comes with paperwork — not memes.

What We Do Know: The Pre-Cutoff Context

Before July 2024, Home Depot had posted 1.8% comparable sales growth in Q2 2024, with net income up 11% year-over-year. Klarna had reduced its workforce by 25% and reported its first quarterly operating profit since 2021. And NVIDIA had just crushed expectations with $13.5 billion in revenue — a 262% jump from the prior year.

So if you’re trying to guess what happened next? You’re not wrong to assume momentum continued. But guessing isn’t reporting. And journalism, at its core, is about what’s known — not what’s imagined.

What’s Next? The Real Solution

The answer isn’t better AI. It’s better habits. When you hear a headline about a future earnings report, pause. Ask: Can this be verified? Check the company’s investor relations page. Look for the SEC Form 8-K. Wait for the earnings call transcript. Don’t trust a tweet. Don’t trust a YouTube video. Don’t trust a model that doesn’t know the date.

Because the next time someone tells you what happened on November 20, 2025 — you’ll know better.