Here’s How Much Traders Expect Nvidia Stock To Move After Wednesday’s Earnings

Nvidia is set to report its latest quarterly results after the closing bell Wednesday, with traders expecting a big move in the AI chipmaker’s stock.

Options pricing suggests traders expect Nvidia (NVDA) shares could move nearly 7% in either direction by the end of the week. A move of that size from Monday’s close near $187 could help the shares recover some of their recent losses to return to last week’s levels around $199, or pull them down to about $174, a level not seen since September.

In recent quarters, Nvidia’s earnings have tended to be a sell-the-news event, despite a string of record-breaking results. In all but one of the most-recent four quarters, the chipmaker’s stock finished the week lower than its levels heading into the event.

With expectations riding high ahead of the earnings, and results from rival Advanced Micro Devices (AMD) and other AI favorites indicating investors may be harder to impress this season, Nvidia could face an increasingly difficult bar to clear.