Nvidia Earnings Day
Today is one of the most important days of the year given where we are in the market.
Nvidia reports earnings after market close and however it goes will absolutely cause ripples throughout the entire market.
Here’s everything you need to know.
Earnings Details
Analysts: This quarter, investment banks are not as high on NVDA earnings as they typically are.
Implied earnings move: 10%. The implied move on earnings is 10% in either direction. If you are looking to play options going into the release, keep this in mind.
Expectations: Revenue - $38.1B. EPS - $.085. These are the numbers the street will be looking for, though NVDA always has a premium attached to their earnings where investment banks look for a significant beat.
Right now the stock is in a precarious position, so if earnings are significantly weak, I do think this has the potential to drop to ~$100.
I walk through how I’m playing the earnings here: