Nvidia is set to release its earnings report on Wednesday, with options markets predicting an 8.7% swing in the stock price by Friday. This could result in a $200 billion change in Nvidia’s market capitalization, making it the third-largest company on Wall Street after Microsoft and Apple. The company’s impressive profits this year have been driven by strong performance in its artificial intelligence business, which analysts expect will continue to show growth in the upcoming quarterly report. Revenue is anticipated to exceed $24 billion, marking a significant increase from the previous year.
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Can Nvidia Achieve a $200B Market Cap? A Look at Wall Street’s Predictions for Wednesday’s Earnings Announcement
