Nvidia Reports Earnings Soon. This Is Where the Stock Could Go.

Nvidia is the market’s artificial-intelligence darling, cruising by a $1 trillion valuation after crushing sales and earnings expectations when reporting first-quarter results. Second-quarter numbers are due Wednesday, and where the stock will go next is a question on everyone’s mind.

Call options give the owner the right to buy Nvidia stock at a fixed price—known as the strike price—by a certain date, while put options provide the right to sell. Nvidia call and put options with a strike price of $457.50, close to where the stock is early Wednesday, and that expire on Aug. 25, are trading for about $25 each.

Point is, investors expect volatility. That’s a safe bet. Nvidia stock is up 50% since it reported first-quarter numbers in late May. Shares rose 24% the day following the earnings report in which Nvidia management guided second-quarter sales to about $11 billion while the Street had projected closer to $7 billion.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia earnings, Snowflake, Kohl's reports: 3 things to watch By Investing.comNvidia earnings, Snowflake, Kohl's reports: 3 things to watch
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia earnings: What Wall Street expects from the AI-chip giantNvidia reports its fiscal second-quarter earnings after the close of markets on Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

S&P 500 News: Market waits for Nvidia earnings, Jackson Hole speechThe S&P 500 has surprisingly opened higher on Monday despite negative headlines out of China. The Chinese central bank cut several important interest
Source: FXStreetNews - 🏆 14. / 72 Read more »

Wall St mixed as investors await Nvidia earnings, Jackson Hole meet By ReutersWall St mixed as investors await Nvidia earnings, Jackson Hole meet
Source: Investingcom - 🏆 450. / 53 Read more »

This chip stock could yield a quick profit, depending on Nvidia's earnings, Morgan Stanley saysHow well Nvidia performs Wednesday could have implications for this derivative play, according to Morgan Stanley.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia’s stock snaps losing streak and sits 1% below record close as earnings optimism buildsNvidia Corp.'s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the company's report.
Source: MarketWatch - 🏆 3. / 97 Read more »