🌟🌟🌟I believe that it is likely that $NVIDIA(NVDA.US)wull close up 2% to 7% on Thursday 27 August, given that option market makers have compressed NVIDIA's implied move to 5.4%. This is the lowest implied earnings volatility for NVIDIA since August 2021.
By breaking its 7 day losing streak to finish up 2.2% in the pre earnings session, there is optimism in the air. This is the rational Beat-and-raise scenario with Q2 revenue clearing the USD 92.06 billion consensus while Q3 guidance smoothly advances past the USD 103.7 billion line.
Let's see whether CEO Jensen Huang with his signature black leather jacket can break the jinx and bring much needed cheer to investors like me.
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