Nvidia’s results might cause the stock to swing by around $300 billion
The stock price of the $3.17 trillion chipmaker would shift by more than 9% in response to a market value fluctuation of that magnitude in either way.
With a market capitalization of $330 billion, Nvidia holds the record for the largest one-day swing in market value. This occurred in late July, when the stock recovered after a grueling weeks-long drop.
With a weight of around 6.5% in the S&P 500, Nvidia is the second-largest firm, therefore the market as a whole may be significantly impacted by its performance.
Over 70% of the 25 most active deals on the Interactive Brokers platform had a relationship to Nvidia, according to a note sent by Sosnick on Tuesday.
Nvidia has the top slot, followed by Tesla, one of the company’s most important clients. No. 3 is AMD, the closest rival to Nvidia, and No. 4 is an exchange-traded fund for semiconductors.
Nvidia was associated with eighteen names out of the top 25 active deals at Interactive Brokers, according to Sosnick.
