Nvidia (NVDA) stock rose nearly 4% on Wednesday🥀 ahead of the release of the AI chip giant’s hotly anticipated fourth-quarter ea♌rnings report after the closing bell.

Nvidia holds the record for both the largest one-day increase and decrease in market value, and options traders on Weꦗdnesday were positioning themselves for another sizable move in the stock in the coming days. 

Nvidia options pricing on Wednesday afternoon suggested traders expected shares to move roughly $10, or about 8%, in either direction during the two days after Wednesday’s earnings. That would be the stock's largest post-earnings move since May when shares gained more than 12% in the two days after Nvidia 澳洲幸运5开奖号码历史查询:blew past earnings expectations. 

Nvidia shares fell 1.5% in extended trading Wednesday despite 澳洲幸运5开奖号码历史查询:better-than-expected results on both the top a✅nd bottom lines amid booming demand for AI.

Nvidia stock retreated after each of its two most recent reports. Shares lost more than 4% in the days after its 澳洲幸运5开奖号码历史查询:August report and almost 3% after its 澳洲幸运5开奖号码历史查询:November earnings. The company’s results also exceeded expectations in bo𓆏th of those instances, but disappointed investors who may ha🅰ve been looking for even larger beats. 

Nvidia’s earnings arrived during 澳洲幸运5开奖号码历史查询:a difficult stretch for stocks. The S&P 500 and Nasdaq Composite had fallen in four consecutive sessions before closing slightly higher on Wednesday. The Magnificent Seven stocks, which have accounted for a large share of the stock market’s gains over the last two years, were 澳洲幸运5开奖号码历史查询:trading in correction territory on Wednesday. 

Big tech stocks have been weighed down by substantial political and economic uncertainty of late. Chinese start-up DeepSeek prompted a reckoning with Silicon Valley’s AI strategy late last month, and tech stocks have struggled to shake off 澳洲幸运5开奖号码历史查询:concerns about overspending. At the same time, the economic outlook has been muddled in the last month by signs of 澳洲幸运5开奖号码历史查询:stubborn inflation and the Trump administration’s 澳洲幸运5开奖号码历史查询:ever-changing tariff plans. 

Even with its gain during regular trading hours Wednesday, Nvidia stock has lost 12% of its value since closing at an all-time high in early January. Share꧋s remain up 66% over the past 12 months.

UPDATE: This article has been updated with the latest stock market prices and information about Nvidia's earnings report.