A leveraged “whale” has just placed a high-conviction bet on Nvidia (NVDA) ahead of the chipmaker’s next earnings report. The trader has opened a 10x long worth about $1.66 million on onchain derivatives platform Hyperliquid.

Nvidia is scheduled to release its quarterly results shortly after the closing bell today, and investors are expecting big things from the company at the center of the AI boom.

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NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Analysts are Tracking Closely. On November 18, BNP Paribas Exane raised its price target on the stock to $250.00 from $240.00 while maintaining an Outperform rating.

Stocks closed mostly higher on Wednesday as Wall Street recovered some ground from tech-led sell-off, as investors awaited earnings from Nvidia to set the tone for the next leg of

Nvidia shares are trading lower Tuesday morning, extending Monday's tech-led selloff as investors anxiously await the semiconductor giant's Q3 financial results.

Chipmakers including Nvidia and Intel are down along with much of the stock market Tuesday, as fears of an AI bubble grow.