Nvidia’s Earnings Report Poised to Trigger Significant Market Movement

Nvidia's upcoming quarterly earnings report, scheduled for Wednesday post-market close, is anticipated to catalyze one of its most substantial stock movements in the past year. Options pricing data suggests a potential 6.5% swing, which could propel shares to either a record high of $189.65 or a mid-July low of $166.33.

Since the AI boom ignited by ChatGPT's 2022 debut, Nvidia has delivered double-digit post-earnings gains four times—most notably in May 2024. Yet recent quarters have seen the chipmaker average just 3.2% weekly moves, struggling to surpass Wall Street's elevated expectations. Only once in the past four reports did shares close higher.

Market participants will scrutinize hyperscalers' sustained infrastructure investments—Microsoft, Alphabet, and Amazon have collectively committed hundreds of billions to data centers—as key indicators of enduring AI demand. The earnings release may serve as a bellwether for broader tech sector momentum.