06:15 AM EDT, 08/28/2024 (MT Newswires) -- Nvidia's ( NVDA ) upcoming earnings results could spur over $300 billion swing in shares, Reuters reported late Tuesday, citing data from analytics firm ORATS.

According to the data, option pricing shows that traders expect a move of about 9.8% in the company's shares on Thursday, one day after the company reports its earnings this Wednesday.

With Nvidia's ( NVDA ) market cap of about $3.11 trillion, a 9.8% swing in the shares would translate to about $305 billion, Reuters said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 127.70, Change: -0.60, Percent Change: -0.47