Trader Anticipates Positive Nvidia Earnings, Invests Heavily in Stock

A trader known as 'Ray' has shifted to a bullish stance on Nvidia ahead of its earnings report, according to PANews. Ray has invested heavily in Nvidia stock, acquiring approximately 147,000 shares on Hyperliquid with a nominal value of $28.3 million through two wallets. Additionally, the trader has employed a TWAP strategy to gradually purchase around $4 million worth of Nvidia stock, indicating a sustained positive outlook on the company's earnings. Nvidia is expected to release its earnings report on Thursday morning, with options pricing suggesting a potential 6% fluctuation in its stock price this week. Despite Nvidia outperforming expectations in three of the last four quarters, its stock has consistently declined the day after earnings announcements.