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Sentiment around the chipmakers hinges on Nvidia's earnings report, says options trader

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Sentiment around the chipmakers hinges on Nvidia's earnings report, says options trader $NVDA (via OptionsAction)

"It's going to be an important number, I think, for sentiment in the semi space," he said Wednesday on CNBC's

"Look what it did on that rally back. It went back and it basically filled in that gap," Nathan said. "Since then, it's been down about 20%. It's still up 20% on the year."

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