Nvidia results could spur record $300B swing, options show

Published On Aug 27, 2024, 1:04 PM

Nvidia's upcoming earnings report is predicted to cause a massive shift in its share price, with options traders expecting a potential $300 billion impact. They anticipate a stock price move of around 9.8% following the results, which exceeds previous moves and reflects a growing concern about missing out on further gains in the AI market. Nvidia's dominant position in the AI chip sector has already significantly contributed to the S&P 500's performance this year, and traders are more optimistic about potential upside compared to the risks of a decline.