Meme of the Day | Gear Up: Are You Ready for the Nvidia's Earnings 'Ride'?

Market VisionWednesday, Nov 20, 2024 3:34 am ET

1min read

With less than a day to go, Nvidia is on the cusp of the market's attention as it prepares to release its Q3 earnings report.

After a staggering 197% surge this year, Nvidia's market value has reached $361 billion, securing its position as the world's most valuable stock. This is largely attributed to the booming AI sector, where Nvidia's computing power chips and AI software demands have remained robust, driving a fervor in semiconductors, hardware, and software, with significant implications for the financial markets.

However, this comes with a caveat. The options market indicates that Nvidia's market value could fluctuate by over $30 billion post-earnings release, implying an approximate 8.5% swing in the stock price.

As a key contributor to the S&P's nearly 20% return over the past 12 months, Nvidia's earnings report will have a direct and indirect impact on over a trillion dollars in global funds, potentially amplifying market volatility.

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