Nvidia (NVDA) investors are heading into an earnings release where even a normal stock move might move more money than most publicly traded firms are worth.
Options traders are pricing in a move of around 5.4% in either direction after Nvidia announces fiscal second-quarter data on Wednesday, Aug. 26. That amounts to more than $280 billion in market value, given Nvidia's huge valuation, Reuters said.
That number matters to more than just traders owning Nvidia stock. Nvidia is one of the largest businesses in key U.S. indexes, so its moves can ripple through index funds, technology funds, and the investment portfolios of regular individuals.
As of July 31, Nvidia was the largest component of the S&P 500 Information Technology index, according to S&P Dow Jones Indices.
But the size of the $280 billion amount is not surprising. That's why Wall Street seems to be reasonably cool about it.
#move #billion #nvda
Options traders are pricing in a move of around 5.4% in either direction after Nvidia announces fiscal second-quarter data on Wednesday, Aug. 26. That amounts to more than $280 billion in market value, given Nvidia's huge valuation, Reuters said.
That number matters to more than just traders owning Nvidia stock. Nvidia is one of the largest businesses in key U.S. indexes, so its moves can ripple through index funds, technology funds, and the investment portfolios of regular individuals.
As of July 31, Nvidia was the largest component of the S&P 500 Information Technology index, according to S&P Dow Jones Indices.
But the size of the $280 billion amount is not surprising. That's why Wall Street seems to be reasonably cool about it.
#move #billion #nvda
21 days ago
