Nvidia is set to announce its earnings on Wednesday, with options markets suggesting an 8.7% potential move in the stock price by Friday, amounting to a $200 billion shift in market capitalization. The company’s impressive profits this year have elevated it to the position of the third-largest company on Wall Street by market capitalization, trailing only behind Microsoft and Apple. Investors are optimistic about Nvidia’s upcoming quarterly report, anticipating continued growth in its artificial intelligence sector. Analysts are projecting revenue of over $24 billion for Nvidia, signaling a significant rise from the previous year.
In anticipation of Nvidia’s earnings report, options markets are indicating an 8.7% potential move in the stock price, which could result in a $200 billion change in market capitalization. The company’s strong performance this year has propelled it to become the third-largest company on Wall Street by market capitalization, surpassing many well-known companies. Investors are showing confidence in Nvidia’s ability to deliver a robust financial report, with continued growth expected in its artificial intelligence division. Analysts are predicting revenue to exceed $24 billion for Nvidia, reflecting substantial growth compared to the previous year.
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