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Options Positions Show Nvidia's Quarterly Results May Lead to US$300B+ Mkt Value Fluctuation
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Nvidia (NVDA.US) is expected to announce its quarterly results today (19th) after the US market closes. Nvidia's options imply that its share price could rise or fall by about 7% after the results announcement, potentially causing a market value fluctuation of US$320 billion, Reuters quoted data from analytics firm Option Research & Technology Services as saying. This could surpass the US$276 billion market capitalization increase seen the day after the Company announced its quarterly results in February 2024, marking the largest post-quarterly results fluctuation in the Company's history. The Company's data shows that Nvidia's average volatility was 7.3% on the day following results announcements over the past 12 quarters, according to the report. Nvidia's about 8% weighting in the S&P 500 and its market leadership in the AI sector makes this quarterly results particularly significant. The stock has risen over 30% this year but has fallen more than 10% from its all-time new high at the end of October. Recently, the stock was pressured by news of shareholding reductions by investors such as Peter Thiel's hedge fund and SoftBank (9984.JP). AASTOCKS Financial News Website: www.aastocks.com |
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