Nvidia earnings report could trigger massive market value fluctuations

Traders are getting ready for a significant stock movement from Nvidia as the chipmaker is about to release its fiscal third-quarter earnings.

The options market suggests that the stock could move up to 8% in either direction, which could result in a market value change of nearly $300 billion. This would make Nvidia one of the top 25 companies in the S&P 500 Index.

According to analysts at Bank of America, the earnings report carries more risk for the market than upcoming Federal Reserve meetings or inflation data. Nvidia is a leader in the artificial intelligence sector and has major customers like Microsoft, Alphabet, Amazon, and Meta Platforms who are planning to increase their capital spending in the coming year.

However, there is uncertainty surrounding the performance of Nvidia"s new product line, Blackwell, due to production delays. Nvidia has projected significant revenue contributions from these new chips, but there are differing expectations on Wall Street, which adds complexity to the upcoming earnings report.

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