Nvidia Earnings on Deck With $350 Billion Options Bet in Play
Stock index futures in the U.S. moved up early Wednesday as traders looked ahead to Nvidia’s latest earnings release, seen as a possible driver for AI stocks after the S&P 500 dropped for three sessions. As of 5:39 a.m. ET, Dow E-minis added 34 points. S&P 500 futures climbed 0.26%, Nasdaq 100 futures traded up 0.59%, according to Reuters. Nvidia’s results are in focus this time, and it’s not just a routine megacap earnings event. Options markets are pricing in a 6.5% move in the shares after the numbers come out, which would shift about $355 billion in market value. That’s a bigger swing than most companies in the S&P 500.