_traders-brace-for-major-swing-in-nvidia-stock-ahead-of-earnings-report-92.jpg "Traders Brace For Major Swing In Nvidia Stock Ahead Of Earnings Report: \ from data video Video Screenshot Preview")
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✓ Published: 21-May-2024
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✓ Published: 21-May-2024
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Traders are bracing for a significant shift in Nvidia shares following the company’s earnings report on Wednesday, Reuters reported on Tuesday. Options markets in the U.S. indicate an expected 8.7% swing in Nvidia’s stock by Friday, as per data from Trade Alert. This move could equate to a market cap fluctuation of $200 billion, surpassing the market cap of about 90% of S&P 500 companies.
Traders are bracing for a significant shift in Nvidia shares following the company’s earnings report on Wednesday, Reuters reported on Tuesday. Options markets in the U.S. indicate an expected 8.7% swing in Nvidia’s stock by Friday, as per data from Trade Alert. This move could equate to a market cap fluctuation of $200 billion, surpassing the market cap of about 90% of S&P 500 companies.
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