'Nvidia Party Is Turning Into A Rager,' Says Analyst After Chipmaker's Q1 Beat That Sent Stock Soaring Past $1,000 In After-Hours Trading from relaxing big swing Watch Video

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✓ Published: 23-May-2024
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Nvidia CEO Jensen Huang says the company will benefit from a lot of Blackwell revenue this year. The management also says Nvidia was planning to come out with new chips on an annual cycle.

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Traders are bracing for a significant shift in Nvidia shares following the company’s earnings report on Wednesday, Reuters reported on Tuesday. Options markets in the U.S. indicate an expected 8.7% swing in Nvidia’s stock by Friday, as per data from Trade Alert. This move could equate to a market cap fluctuation of $200 billion, surpassing the market cap of about 90% of S&P 500 companies.
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