Investors in Nvidia are bracing for significant fluctuations in the stock following the company’s earnings announcement.
According to options data analyzed by Bloomberg, traders are anticipating a potential $300 billion swing, equivalent to 8% of the market value.
The focus will be on Nvidia’s future guidance regarding Blackwell, its upcoming AI chip.
Anticipation is high among investors as Nvidia prepares to reveal its Q3 earnings report, with an expected 8% fluctuation in stock value post-results based on Bloomberg data analysis.
This projected swing could lead to a $300 billion increase or decrease in market capitalization. As of Tuesday morning at 10:30 a.m., the total market cap stood at $3.5 trillion.
Nvidia, set to announce earnings after markets close, saw a 1.8% decline on Tuesday morning. Traders are closely monitoring the situation as the tech giant trades near all-time highs with little margin for error.
Investors are eagerly awaiting the firm’s revenue report of $33 billion… p >
2024-11-20 23:38:05
Original from finance.yahoo.com