How Much Is Nvidia Stock Expected to Move After the AI Chipmaker Reports Earnings Wednesday?

Nvidia is set to report earnings after the closing bell Wednesday, with traders anticipating a sizable move from the AI chipmaker’s stock.

Options pricing suggests traders expect Nvidia (NVDA) shares could move as much as 6% in either direction by the end of the week. A move of that size from Friday’s close could push them back up to around $201, a level they haven’t hit since November, or drag them down to $178. 

The stock has taken a hit in recent months, with shares down roughly 8% from their late-October record closing high as a series of splashy circular deals with other major tech players and worries about an AI bubble weighed on enthusiasm for some of the biggest names in the AI trade.

With many of Nvidia’s Big Tech clients doubling down on AI infrastructure spending, analysts are anticipating nothing short of blockbuster results. Nvidia is seen reporting adjusted earnings per share for its fiscal fourth quarter of $1.52 on a 67% year-over-year jump in revenue to a record $65.87 billion, according to estimates collected by Visible Alpha.

However, whisper numbers could be even higher. Ahead of Wednesday’s report, several Wall Street analysts indicated the chipmaker could face a particularly challenging setup this earnings season, with expectations running high for Nvidia to top consensus estimates. Short bets against the stock have also grown, according to data from S3 Partners, underscoring some skepticism about its ability to deliver.

Still, Wall Street analysts are widely bullish the chipmaker’s stock will not only return to its earlier highs, but exceed them in the next 12 months. Twelve of the 13 analysts with current ratings compiled by Visible Alpha recommend buying the stock, compared to one neutral rating. Their mean target around $253 is roughly a third above Friday’s close.