Traders expect significant Nvidia stock movement ahead of earnings, reflecting optimism in AI sector

From Nasdaq: 2024-08-27 18:22:43

Nvidia’s upcoming earnings report is expected to cause a $300 billion swing in stock value, with options traders predicting a 9.8% move in the shares. The company’s dominance in the AI chip market has significantly contributed to the S&P 500’s gains this year. Investors are closely watching Nvidia’s results for broader market implications in the tech sector.

Options traders are more focused on potential gains than downside risks, with a higher probability of Nvidia’s stock rising by over 20%. The company’s stock has exhibited high volatility, nearly double that of other trillion-dollar companies, reflecting uncertainty and optimism in the AI sector. Investors are eager to capitalize on Nvidia’s success, anticipating significant market moves post-earnings.



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