US Stock Market: Nvidia earnings to test AI boom as markets brace for sharp move

Nvidia options are pricing in a 5.4% post-earnings move, implying a potential $280 billion swing in market value after its Q2 results. The expected move is below the 6.5% forecast before May earnings and Nvidia’s 7.4% average post-results swing over the past 12 quarters. The subdued pricing suggests investors expect less dramatic surprises as the AI boom matures.