Nvidia earnings results this week are more important to the stock market than the Federal Reserve or even jobs data, according to the options market. The AI chipmaker is set to release results Wednesday after the stock market closes, moving back into the spotlight on Wall Street following a lengthy focus on the U.S. presidential election and the Federal Reserve's interest rate outlook.
mountain Nvidia The options market shows an implied move of 8% for Nvidia, according to Barclays. That's lower than the two-year average of 9.3%, but greater than the 6.4% realized move following last quarter's financial results. For investors, how Nvidia moves could determine what's next for a market that's been flagging lately following the postelection rally, according to Bank of America Securities' Asis.
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