NVIDIA faces a major performance test next week, and its stock price may fluctuate by 7% after the results
According to the Zhitong Finance APP, options traders tracked by Bloomberg predict that the stock price of artificial intelligence chip manufacturer NVIDIA (NVDA.US) may fluctuate by as much as 7.4% the day after it announces its quarterly earnings on May 28. This figure is lower than the average volatility of 11.3% seen in the stock price of NVIDIA in the eight quarters following its earnings announcements.
NVIDIA’s stock price fell by 8.5% in February, despite the company reporting fourth-quarter earnings that exceeded market expectations, as its first-quarter gross margin guidance fell short of market expectations. The day after the earnings report, the stock price initially rose by 2.8% but later dropped by 8.6%, resulting in a…
