Goldman’s Trading Desk Calls Nvidia ‘Most Important Stock’ on Earth
- Nvidia due to report high-stakes earnings later Wednesday
- Options positioning implies move of 11% in either direction
This article is for subscribers only.
Nvidia Corp.’s earnings due Wednesday is such a big event in markets that Goldman Sachs Group Inc.’s trading desk has called it “the most important stock on planet earth.”
With options positioning implying about a 11% move in either direction, AI poster-child Nvidia could shake up financial markets given its influential weighting on indexes and crowded long positions in the stock. Just Nvidia alone has been responsible for one-third of the Nasdaq 100 Index’s gains this year.