May 20 What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets With Nvidia’s first-quarter results due after Wednesday’s bell, traders are braced for big stock movements, with options markets pricing in a 6.5% swing in either direction.
That isn’t historically big in percentage terms, but it’s equivalent to about $350 billion in market cap – more than the combined value of 90% of S&P 500 firms
I’ll get into that and more below. But first, check out my latest column on the link between the AI boom and rising bond yields. And listen to the latest episode of the Morning Bid daily podcast.
Subscribe to hear Reuters journalists discuss the biggest news in markets and finance seven days a week. NVIDIA VIGIL The soaring AI capex outlays already outlined throughout the current earnings season make it hard to be downbeat about what Nvidia’s results might reveal. As ever, though, the bar will be sky-high for the AI giant to meet already pumped-up expectations, which have helped lift its stock another 18% or so this year.