Posted 2/21/2024, 8:49:29 AM
Nvidia Earnings Loom Large: Traders Brace for Volatility as AI-Hyped Stock Faces Judgment Day
- Nvidia's earnings report on Wednesday is a huge event that Goldman Sachs says is the "most important stock on planet earth"
- Options positioning implies an 11% move in Nvidia's stock price after earnings, which could shake up markets
- Nvidia has accounted for one-third of the Nasdaq 100's gains this year due to AI hype
- Traders expect continued volatility, with Nvidia already falling 4.4% on Tuesday
- Nvidia's report will show whether the huge rally in its stock price over the past year was justified