Nvidia set for $320 billion price swing after earnings, options indicate
News Source : Yahoo Entertainment
News Summary
- N Nvidia's (NVDA) earnings report on Wednesday could trigger a $320 billion swing in the chipmaker's market value.
- At Nvidia's current market value of about $4.6 trillion, the move would represent the largest one-day market value change following quarterly earnings for the artificial-intelligence bellwether.
- On average, the stock has logged a move of 7.3% the day after reporting results over the last 12 quarters.
- Nvidia shares, up about 38% for the year, have retreated about 10% since hitting a record high in late October.
By Laura Matthews and Saqib Iqbal AhmedNEW YORK (Reuters) Nvidias (NVDA) earnings report on Wednesday could trigger a $320 billion swing in the chipmakers market value the largest postearnings [+2786 chars]
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