Nvidia Earnings and Jackson Hole Test Nasdaq 100 Volatility

Nvidia's earnings report on Wednesday is set to test the AI trade and Nasdaq 100, as Wall Street expects another sharp increase in revenue driven by data centre demand.

With elevated expectations, traders will pay attention to commentary around Blackwell, Rubin, and AI infrastructure spending. Nvidia earnings have historically produced a significant rise in volatility, with an average post-earnings daily range of 6% and several sessions exceeding 10%. The recent pattern has turned bearish, however, with Nvidia falling on the first full trading day after each of its past four earnings reports.

The Nasdaq 100 could be in for a lively end to the week, as Fed Chair Kevin Warsh is set to speak at Jackson Hole on Friday. This adds another layer of uncertainty and volatility to the market.