Traders Brace For Major Swing In Nvidia Stock Ahead Of Earnings Report: "...Expect Up Moves To Be As Violent As Down Moves"

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.