Nvidia's Next Earnings Report Could Swing Its Market Cap By $300 Billion And Increase The S&P 500 Gains
Portfolio Pulse from Zaheer Anwari
Nvidia is on the verge of a significant market cap swing of up to $300 billion, driven by its upcoming earnings report. The company's stock has shown strong bullish momentum, with a 40% increase from recent lows and a 157% gain year-to-date. Investors are anticipating a 9.8% stock price fluctuation post-earnings, highlighting Nvidia's impact on the S&P 500.
August 28, 2024 | 3:05 pm
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Nvidia's upcoming earnings report could lead to a $300 billion swing in market cap, with options traders expecting a 9.8% stock price fluctuation. The stock has shown strong bullish momentum, with a 40% increase from recent lows and a 157% gain year-to-date.
Nvidia's earnings report is highly anticipated, with a potential $300 billion market cap swing. The stock's recent 40% increase and 157% YTD gain indicate strong bullish momentum. Options traders expect a 9.8% price fluctuation, highlighting the stock's impact on the S&P 500.
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IMPORTANCE 100
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