Surveillance

Nvidia's Expected $310 Billion Move to Drive Broader Returns

Giant chipmaker reports earnings after Wednesday’s market close

The Nasdaq MarketSite in New York on Aug. 5.

Photographer: Michael Nagle/Bloomberg

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Tomorrow brings a crucial test for investors. Nvidia Corp. reports earnings after the market close in a lackluster stretch of trading during the last week of August. Shares are expected to move about 10% in either direction following those earnings, based on current market pricing and past reactions, which translates into around $310 billion of shareholder value created or destroyed. The impact of the result will be vast on broader risk appetite.