AsianFin -- Nvidia Corp. could see as much as $260 billion in market value wiped out or added after its second-quarter earnings report, according to U.S. options market data.

Options pricing suggests a move of about 6% in either direction following the results, which are due after Wednesday’s market close. That expected swing is slightly below the chipmaker’s long-term average earnings-day move of about 7%, reflecting growing investor confidence in forecasting Nvidia’s performance as the company matures.

“The ripples out of Nvidia might be more interesting than the actual move for Nvidia,” said Chris Murphy, co-head of derivatives strategy at market maker Susquehanna. “A lot of the really high-flying, speculative AI names have dropped significantly, but Nvidia is essentially trading just under its all-time high.”

The stock, a bellwether for artificial intelligence demand, has been closely watched as investors gauge whether the company can maintain its rapid growth trajectory amid intensifying competition and cooling momentum in some AI-linked names.