Reported 5 months ago
Traders are anticipating a significant move in Nvidia's shares after its earnings report, with options suggesting an 8.7% swing in either direction by Friday, potentially translating to a $200 billion market cap swing. Despite this, the expected volatility is lower compared to previous quarters. Nvidia, a key player in the AI industry with a market value of $2.3 trillion, is expected to drive 9% of S&P 500 earnings growth in the next 12 months. Investors are eagerly awaiting the quarterly report, with options traders not ruling out further upside potential for the stock.
Source: YAHOO