Nvidia shares set for $280 billion price swing after earnings, options show

Nvidia's stock market value is expected to swing by $280 billion following the release of its second-quarter earnings, according to options traders. The chipmaker's options indicate a 5.4% move in either direction on the day of the earnings report, which is lower than the 6.5% move anticipated before its May earnings. This implied move translates to approximately $280 billion in market capitalization, surpassing the individual market value of about 90% of S&P 500 constituents.

Analysts note that this expected move is well below Nvidia's historical average price swing of 7.4% over the past 12 quarters, suggesting a decline in unpredictability.