Nvidia Stock: Biggest Post-Earnings Move This Week

Here’s a summary of⁣ the key points from⁢ the provided text:

Nvidia Earnings Report: Nvidia (NVDA) will release its quarterly earnings report after market⁢ close on Wednesday, and a notable stock move is anticipated.
Potential Stock Movement: Options pricing suggests the stock could move roughly 6.5% in either direction, possibly reaching a high of $189.65 (a new all-time high with a $4.63 trillion market cap) or a low of $166.33.
Past Performance: Since the rise of AI (late 2022 with‍ ChatGPT), Nvidia has reported earnings ⁤10 times. The stock has⁢ seen double-digit gains after four⁣ of those reports, most recently in May 2024.
Recent Challenges: However, Nvidia’s earnings have⁤ recently ⁢struggled to meet high expectations. Over the last⁣ four quarters, the stock has averaged a 3.2% move after earnings reports, and only once (May 2024) finished the week above ⁢ its pre-report level.
Key Focus: Investors will be looking for confirmation that demand for AI remains strong.
Big Tech Spending: Major players like Microsoft (MSFT), Alphabet (GOOG), and Amazon (AMZN) are continuing to invest heavily in data center infrastructure, which is positive for Nvidia.