From Investing.com: 2024-05-21 01:15:42

Traders anticipate a significant move in Nvidia’s shares post-earnings, with an 8.7% swing predicted. The potential swing in market cap stands at $200 billion. Despite the high expectations, it falls short of past performance. Nvidia’s influence as an AI bellwether has investors anticipating positive results and broadening interest in AI-related sectors.

With a market value of $2.3 trillion, Nvidia is poised to drive S&P 500 earnings growth. However, analysts are cautious about possible future swings in the company’s stock price, as implied volatility for calls is equal to puts. The upcoming earnings report could potentially test investor confidence in the broader AI trade.

Nvidia is projected to report earnings of $5.59 a share, with quarterly revenue expected to rise to $24.65 billion from $7.19 billion the previous year. Analysts see a strong performance from the company, but a downturn could challenge the stability of the AI trade.



Read more at Investing.com: Nvidia earnings could spark $200 billion swing in shares, options show By Reuters