www.reuters.com Open in urlscan Pro
2600:9000:235a:2c00:15:5a3e:9d40:93a1  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main content

Exclusive news, data and analytics for financial market professionalsLearn more
aboutRefinitiv

Reuters home
 * World
   Browse World
    * Africa
    * Americas
    * Asia Pacific
    * China
    * Europe
    * India
    * Israel and Hamas at War
   
    * Japan
    * Middle East
    * Ukraine and Russia at War
    * United Kingdom
    * United States
    * US Election
    * Reuters Next
   
   Latest in World
    * Trump staff had physical altercation with Arlington cemetery official, NPR
      reports
      9 min ago
      
    * China, US discuss new round of talks between Biden and Xi, CCTV reports
      11 min ago
      
    * Starmer, Scholz seek reset in British-EU ties with bilateral treaty
      12 min ago
      
    * Negotiators in Gaza conflict meet in Doha on Wednesday, source tells
      Reuters
      30 min ago
      

 * Business
   Browse Business
    * Aerospace & Defense
    * Autos & Transportation
    * Davos
    * Energy
    * Environment
    * Finance
    * Healthcare & Pharmaceuticals
   
    * Media & Telecom
    * Retail & Consumer
    * Future of Health
    * Future of Money
    * Take Five
    * World at Work
   
   Latest in Business
    * Disney, Reliance overcome cricket concerns to win approval for $8.5
      billion India merger
      4 min ago
      
    * Dollar rebounds, traders seek clarity on US rate path
      4 min ago
      
    * Billionaire investor Buffett offloads Bank of America shares worth $982
      mln in latest sale
      6 min ago
      
    * Bath & Body Works cuts annual sales forecast on tepid demand
      15 min ago
      

 * Markets
   Browse Markets
    * Asian Markets
    * Carbon Markets
    * Commodities
    * Currencies
    * Deals
    * Emerging Markets
    * ETFs
    * European Markets
   
    * Funds
    * Global Market Data
    * Rates & Bonds
    * Stocks
    * U.S. Markets
    * Wealth
    * Macro Matters
   
   Latest in Markets
    * EU and China launch mechanism to facilitate industrial data flows
      27 min ago
      
    * Stocks near all-time peaks as Nvidia earnings loom
      10:54 AM GMT+2
      
    * Namibian asset demand soars ahead of election and amid oil discoveries
      8:57 AM GMT+2
      
    * Australia inflation eases in July, but progress still slow
      5:32 AM GMT+2
      

 * Sustainability
   Browse Sustainability
    * Boards, Policy & Regulation
    * Climate & Energy
    * Land Use & Biodiversity
    * Society & Equity
    * Sustainable Finance & Reporting
    * The Switch
    * Reuters Impact
   
   Latest in Sustainability
    * Disney, Reliance overcome cricket concerns to win approval for $8.5
      billion India merger
      4 min ago
      
    * Britain should raise pension contributions to plug 'gender gap',
      consultant Mercer says
      11 min ago
      
    * EU and China launch mechanism to facilitate industrial data flows
      27 min ago
      
    * EV maker Polestar taps industry veteran as CEO to shake-up faltering
      business
      35 min ago
      

 * Legal
   Browse Legal
    * Government
    * Legal Industry
    * Litigation
    * Transactional
    * US Supreme Court
   
   Latest in Legal
    * Disney, Reliance overcome cricket concerns to win approval for $8.5
      billion India merger
      4 min ago
      
    * Buyout shops would cash in redesigned blank checks
      4 min ago
      
    * US Supreme Court obstruction ruling sparks new legal fights on Jan. 6 riot
      12:08 PM GMT+2
      
    * Focus: Once-acquisitive Chinese oil giant looks to revive global
      dealmaking
      11:58 AM GMT+2
      

 * Breakingviews
   Browse Breakingviews
    * Breakingviews Predictions
   
   Latest in Breakingviews
    * Buyout shops would cash in redesigned blank checks
      4 min ago
      
    * Poison pills will hurt Seven & i and Japan
      12:59 PM GMT+2
      
    * Telegram CEO arrest is fuzzy warning to Big Tech
      11:57 AM GMT+2
      
    * New EU antitrust tsar has better tools, harder job
      9:00 AM GMT+2
      

 * Technology
   Browse Technology
    * Artificial Intelligence
    * Cybersecurity
    * Space
    * Disrupted
   
   Latest in Technology
    * Disney, Reliance overcome cricket concerns to win approval for $8.5
      billion India merger
      4 min ago
      
    * India's Paytm's payments services arm receives government approval
      15 min ago
      
    * Media assets of Reliance-Disney post India merger
      17 min ago
      
    * Disney-Reliance India media merger approved: Who are their top rivals?
      27 min ago
      

 * Investigations
 * More
   Sports
    * Olympics
    * Athletics
    * Baseball
    * Basketball
    * Cricket
    * Cycling
    * Formula 1
    * Golf
    * NFL
    * NHL
    * Soccer
    * Tennis
   
   Science
   Lifestyle
   Graphics
   Pictures
   Podcasts
   Fact Check
   Video
   Sponsored Content
    * Reuters Plus
    * Press Releases
   
   Trending Stories
    * Worldcategory
      Harris campaign rejects Trump claim on agreement over hot mics for Sept.
      10 debate
      
    * Technologycategory
      Nvidia results could spur record $300 billion swing in shares, options
      show
      
    * Worldcategory
      Russia warns the United States of the risks of World War Three
      
    * Worldcategory
      Two more crew members from Lynch's yacht under investigation, source says
      

My News

Sign InRegister

 * Technology


NVIDIA RESULTS COULD SPUR RECORD $300 BILLION SWING IN SHARES, OPTIONS SHOW

By Saqib Iqbal Ahmed
August 27, 202410:33 PM GMT+2Updated 10 hours ago
Text
 * Small Text
 * Medium Text
 * Large Text

Share
 * X
 * Facebook
 * Linkedin
 * Email
 * Link

0 of 5 minutes, 59 secondsVolume 0%

Press shift question mark to access a list of keyboard shortcuts
Keyboard ShortcutsEnabledDisabled
Shortcuts Open/Close/ or ?
Play/PauseSPACE
Increase Volume↑
Decrease Volume↓
Seek Forward→
Seek Backward←
Captions On/Offc
Fullscreen/Exit Fullscreenf
Mute/Unmutem
Decrease Caption Size-
Increase Caption Size+ or =
Seek %0-9

Settings
OffEnglish
Font Color
White

Font Opacity
100%

Font Size
100%

Font Family
undefined

Character Edge
None

Background Color
Black

Background Opacity
undefined

Window Color
Black

Window Opacity
0%

Reset
WhiteBlackRedGreenBlueYellowMagentaCyan
100%75%50%25%
200%175%150%125%100%75%50%
ArialCourierGeorgiaImpactLucida ConsoleTahomaTimes New RomanTrebuchet MSVerdana
NoneRaisedDepressedUniformDrop Shadow
WhiteBlackRedGreenBlueYellowMagentaCyan
100%75%50%25%0%
WhiteBlackRedGreenBlueYellowMagentaCyan
100%75%50%25%0%
Auto180p1080p720p576p540p480p360p288p180p
Live
00:03
05:55
05:59





 
NEW YORK, Aug 27 (Reuters) - Traders in the U.S. equity options market are
expecting Nvidia's (NVDA.O), opens new tab upcoming earnings report to spark a
more than $300 billion swing in the shares of the world's most dominant
artificial intelligence chipmaker.
Options pricing shows that traders anticipate a move of around 9.8% in the
company’s shares on Thursday, a day after it reports earnings, data from
analytics firm ORATS showed. That's larger than the expected move ahead of any
Nvidia report over the last three years and well above the stock's average
post-earnings move of 8.1% over that same period, according to ORATS.
Advertisement · Scroll to continue


Reuters Graphics
Given Nvidia's market capitalization of about $3.11 trillion, a 9.8% swing in
the shares would translate to about $305 billion, likely the largest expected
earnings move for any company in history, analysts said.
Such a move would dwarf the market capitalization of 95% of S&P 500
constituents, including Netflix (NFLX.O), opens new tab and Merck (MRK.N), opens
new tab, according to LSEG data.
The results from Nvidia, whose chips are widely seen as the gold standard in
artificial intelligence, also have big implications for the broader market. The
stock is up some 150% year-to-date, accounting for around a quarter of the S&P
500’s 18% year-to-date gain.
Advertisement · Scroll to continue

"It alone has been a huge contributor to the overall profitability of the S&P
500," said Steve Sosnick, chief strategist at Interactive Brokers. "It's the
Atlas holding up the market."
Options pricing suggests traders are more concerned about missing out on a large
upside move from Nvidia than getting hurt by a large drop.

NVIDIA logo is seen near computer motherboard in this illustration taken January
8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights,
opens new tab
Traders are assigning a 7% chance the stock rises more than 20% by Friday, while
only a giving a 4% probability to a more than 20% sell-off, according to a
Susquehanna Financial analysis of options data.

"(Ahead of earnings) people typically want to buy hedges, they want to buy
insurance, but in Nvidia's case, a lot of that insurance is FOMO insurance,"
Sosnick said, referring to the popular acronym for "fear of missing out."
"They don't want to miss a rally."
Part of the reason options traders are pricing this large a move for Nvidia has
to do with how volatile the company's shares have been in the past.

Nvidia's average 30-day historical volatility this year - a measure of how much
the stock has gyrated over a rolling 30-day period - is about twice the average
of the same measure for all other companies with market caps higher than $1
trillion, according to a Reuters analysis of Trade Alert data.
"The options are just reflecting how the stock is actually moving," said
Christopher Jacobson, a strategist at Susquehanna Financial Group, which makes
markets in the securities of Nvidia.

"(It's) is just a function of continued uncertainty/optimism with regards to AI
and the ultimate size of the opportunity coupled with NVDA having become such a
widely followed stock among institutional and retail," he said.

Reuters Graphics

The Technology Roundup newsletter brings the latest news and trends straight to
your inbox. Sign up here.

Reporting by Saqib Iqbal Ahmed; Editing by Ira Iosebashvili and Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Share
 * X
 * Facebook
 * Linkedin
 * Email
 * Link

Purchase Licensing Rights


READ NEXT

 * WorldcategoryFrench judges to decide next step in probe of Telegram boss
   Durov
 * CybersecuritycategoryCybercrime and sabotage cost German firms $300 bln in
   past year
 * BusinesscategoryApple eyes bigger slice of India's streaming, music market
   with Airtel deal
 * Artificial IntelligencecategoryAI's race for US energy butts up against
   bitcoin mining 
 * Exclusive: Silicon Valley wish-list for Harris - abortion rights, pro-tech
   policies




TECHNOLOGY


 * INDIA'S PAYTM'S PAYMENTS SERVICES ARM RECEIVES GOVERNMENT APPROVAL
   
   category · August 28, 2024 · 1:49 PM GMT+2 · 15 min ago
   
   India's Paytm got approval from the finance ministry to invest in its payment
   services business, the fintech firm said on Wednesday.

 * categoryMedia assets of Reliance-Disney post India merger1:47 PM GMT+2 ·
   Updated 17 min ago
 * categoryDisney-Reliance India media merger approved: Who are their top
   rivals?1:36 PM GMT+2 · Updated 27 min ago
 * categoryDisney, Reliance overcome cricket concerns to win approval for $8.5
   billion India merger1:32 PM GMT+2 · Updated 31 min ago
 * categoryExclusive: Silicon Valley wish-list for Harris - abortion rights,
   pro-tech policies1:07 PM GMT+2 · Updated an hour ago




SITE INDEX


LATEST

 * Home
 * Authors
 * Topic sitemap
 * Archive
 * Sitemap


BROWSE

 * World
 * Business
 * Markets
 * Sustainability
 * Legal
 * Breakingviews
 * Technology
 * Investigations
 * Sports
 * Science
 * Lifestyle


MEDIA

 * 
   Videos
 * 
   Pictures
 * 
   Graphics


ABOUT REUTERS

 * About Reuters, opens new tab
 * Careers, opens new tab
 * Reuters News Agency, opens new tab
 * Brand Attribution Guidelines, opens new tab
 * Reuters Leadership, opens new tab
 * Reuters Fact Check
 * Reuters Diversity Report, opens new tab


STAY INFORMED

 * Download the App (iOS), opens new tab
 * Download the App (Android), opens new tab
 * Newsletters


INFORMATION YOU CAN TRUST

Reuters, the news and media division of Thomson Reuters, is the world’s largest
multimedia news provider, reaching billions of people worldwide every day.
Reuters provides business, financial, national and international news to
professionals via desktop terminals, the world's media organizations, industry
events and directly to consumers.


FOLLOW US

 * X
 * Facebook
 * Instagram
 * Youtube
 * Linkedin


THOMSON REUTERS PRODUCTS

 * WESTLAW, OPENS NEW TAB
   
   BUILD THE STRONGEST ARGUMENT RELYING ON AUTHORITATIVE CONTENT,
   ATTORNEY-EDITOR EXPERTISE, AND INDUSTRY DEFINING TECHNOLOGY.

 * ONESOURCE, OPENS NEW TAB
   
   THE MOST COMPREHENSIVE SOLUTION TO MANAGE ALL YOUR COMPLEX AND EVER-EXPANDING
   TAX AND COMPLIANCE NEEDS.

 * CHECKPOINT, OPENS NEW TAB
   
   THE INDUSTRY LEADER FOR ONLINE INFORMATION FOR TAX, ACCOUNTING AND FINANCE
   PROFESSIONALS.


LSEG PRODUCTS

 * WORKSPACE, OPENS NEW TAB
   
   ACCESS UNMATCHED FINANCIAL DATA, NEWS AND CONTENT IN A HIGHLY-CUSTOMISED
   WORKFLOW EXPERIENCE ON DESKTOP, WEB AND MOBILE.

 * DATA CATALOGUE, OPENS NEW TAB
   
   BROWSE AN UNRIVALLED PORTFOLIO OF REAL-TIME AND HISTORICAL MARKET DATA AND
   INSIGHTS FROM WORLDWIDE SOURCES AND EXPERTS.

 * WORLD-CHECK, OPENS NEW TAB
   
   SCREEN FOR HEIGHTENED RISK INDIVIDUAL AND ENTITIES GLOBALLY TO HELP UNCOVER
   HIDDEN RISKS IN BUSINESS RELATIONSHIPS AND HUMAN NETWORKS.

 * Advertise With Us, opens new tab
 * Advertising Guidelines
 * Purchase Licensing Rights, opens new tab

 * Cookies, opens new tab
 * Terms of Use
 * Privacy, opens new tab
 * Digital Accessibility, opens new tab
 * Corrections
 * Site Feedback, opens new tab

All quotes delayed a minimum of 15 minutes. See here for a complete list of
exchanges and delays.

© 2024 Reuters. All rights reserved






RIGHT TO WITHDRAW CONSENT UNDER GDPR

We and our 152 partners store and/or access information on a device, such as
unique IDs in cookies to process personal data. You may accept or manage your
choices by clicking below, including your right to object where legitimate
interest is used, or at any time in the privacy policy page. These choices will
be signaled to our partners and will not affect browsing data.Cookie
PolicyPrivacy Statement


WE AND OUR PARTNERS PROCESS DATA TO PROVIDE:

Use precise geolocation data. Actively scan device characteristics for
identification. Store and/or access information on a device. Personalised
advertising and content, advertising and content measurement, audience research
and services development. List of Partners (vendors)

Allow All Reject All Show Purposes


Feedback