Nvidia, the world’s most valuable public company, has surged by more than 30 per cent this year, becoming the first group to reach $4tn in market value. It has been a significant contributor to the S&P 500’s 9 per cent rise in 2025 because of its mammoth market value.

Options traders are pricing in about a $260 billion swing in Nvidia's market value following the chipmaker's second-quarter earnings expected on Wednesday, U.S. options market data showed.

AI bellwether Nvidia is slated to report quarterly results after markets close on Wednesday, and traders are prepared for the stock's biggest post-earnings move in more than a year.